Section 2 – 7 Steps To Successfully Complete Your First Matched Bet

In this matched betting walkthrough we have selected the perfect bookmaker for you to begin matched betting.

You are going to

  • Complete your first matched bet
  • Make your first Risk Free $60+ profit
  • Have every step of the process clearly described
  • Have suitable bets displayed using up to date and live odds
  • Have all the calculations worked out and displayed for you
  • This step by step process can be repeated for every bookmaker that offers a sign-up bonus in Australia earning you in excess of $2500.
  • The suggested bets and odds that are displayed in this guide are updated every time the page is refreshed. If you come back and visit this page at a later date it is likely that you will see different suggested bets.

We suggest reviewing this whole page before actioning anything. At the end is a video tutorial illustrating the steps exactly as you need.

1. Select a sign up bonus

For this introductory walkthrough, we have selected the TABs $100 welcome bonus bet.

We can see from the table that the maximum bonus is $100 and that it is available to anyone who is a resident of Australia.

Before you can withdraw the funds you have in your account you must place bets that at least equal the amount you have deposited (e.g $100).

The bonus type is ‘Deposit & Get’ which means as soon as you deposit $100 you will receive a $100 bonus bet.

The bonus is stake non returned (SNR) which means you will not receive your bonus stake back with any bonus bet winnings.

You can get the bonus from signing up to the site directly.

Head on over to www.tab.com.au and click Join the top right-hand corner

Maximum Bonus$100
Available StatesThis bonus is available to all States of Australia
Rollover Requirements1 * Your deposit amount at any odds
1 * Your bonus bet at any odds
Bonus Type Deposit & Get 
Stake Non Returned
How to get this bonus Sign up directly on the website and deposit $100. The bonus will be applied to your account straight away.

2. Register with the TAB and deposit $100

  1. Visit www.tab.com.au
  2. Click Join
  3. Complete the quick registration form.
  4. Deposit $100 so that you gain the largest possible bonus bet which in this case is $100.

3. Join Betfair and deposit

If you haven’t already got one you can sign up for a Betfair account here.

  • Complete the quick registration form.
  • Once you have selected your bet you will need to deposit enough funds to enable you to cover your liability of the suggested lay bets (more on that below).

4. Find a suitable market and bet to place your bonus bet

Below you will see our odds matcher has found some suitable bets that you may wish to place your bonus on. Please choose a suitable bet by clicking the “Use this Bet” button as displayed on the odds matcher. Once selected information below will show you exactly how much you need to lay on Betfair. It will also show the potential outcomes from the bet and the profit you will make.

The larger the % return showed in the SNR% column in the odds matcher the larger your return.

A few things worth noting when selecting something from the oddsmatcher

  • Do I have enough funds in Betfair to cover the lay portion of my bet? You can always come back and select another bet if this is not the case.
  • Am I happy waiting this long or the bet to place? You may not want to wait weeks for a bet to settle.
  • Am I happy with the % return I am getting from my bonus bet? A typical bonus  bet you want to aim for at least a 70%+ return from your bonus so if that isn’t currently available consider coming back in a. days time to check or updated matches and odds.

Please check that the odds are correct at the bookmaker and Betfair before placing your bet.

Date Sport Event Bet Odds Lay Liquidity SNR %
Aug. 26, 2019, 1:30 a.m. Soccer Tottenham v Newcastle ( English Premier League ) Newcastle 13.00 15.00 92.89 76.25 Use This Bet
Aug. 19, 2019, 6 a.m. Soccer Atletico Madrid v Getafe ( Spanish La Liga ) Getafe 8.00 9.00 453.92 74.30 Use This Bet
Aug. 19, 2019, 5 a.m. Soccer Rennes v Paris St-G ( French Ligue 1 ) The Draw 5.50 6.00 25.92 71.85 Use This Bet
Aug. 19, 2019, 5 a.m. Soccer Rennes v Paris St-G ( French Ligue 1 ) Rennes 8.00 9.60 105.94 69.63 Use This Bet
Aug. 19, 2019, 5 a.m. Soccer Betis v Valladolid ( Spanish La Liga ) The Draw 3.80 3.95 95.05 68.21 Use This Bet
Aug. 19, 2019, 1:30 a.m. Soccer Chelsea v Leicester ( English Premier League ) Leicester 5.00 5.70 2196.47 67.26 Use This Bet
Aug. 24, 2019, 9:30 p.m. Soccer Norwich v Chelsea ( English Premier League ) The Draw 4.00 4.30 1527.54 67.06 Use This Bet
Aug. 19, 2019, 6 a.m. Soccer Atletico Madrid v Getafe ( Spanish La Liga ) The Draw 4.00 4.30 1007.49 67.06 Use This Bet
Aug. 25, 2019, midnight Soccer Man Utd v Crystal Palace ( English Premier League ) Crystal Palace 8.00 10.00 107.01 66.83 Use This Bet
Aug. 25, 2019, 2:30 a.m. Soccer Liverpool v Arsenal ( English Premier League ) Arsenal 6.00 7.20 20.43 66.43 Use This Bet
Aug. 25, 2019, 11 p.m. Soccer Bournemouth v Man City ( English Premier League ) Bournemouth 13.00 17.50 60.36 65.33 Use This Bet
Aug. 19, 2019, 5 a.m. Soccer Betis v Valladolid ( Spanish La Liga ) Valladolid 5.50 6.60 287.54 65.27 Use This Bet
Aug. 25, 2019, 2:30 a.m. Soccer Liverpool v Arsenal ( English Premier League ) The Draw 4.50 5.20 1201.78 64.56 Use This Bet
Aug. 18, 2019, 11 p.m. Soccer St Etienne v Brest ( French Ligue 1 ) The Draw 3.80 4.20 299.47 64.10 Use This Bet
Aug. 18, 2019, 9 p.m. Soccer Reading v Cardiff ( English Championship ) Reading 3.40 3.65 669.71 63.33 Use This Bet
Aug. 24, 2019, 5 a.m. Soccer Aston Villa v Everton ( English Premier League ) The Draw 3.50 3.80 3224.94 63.33 Use This Bet
Aug. 19, 2019, 1:30 a.m. Soccer Chelsea v Leicester ( English Premier League ) The Draw 3.60 4.00 3421.16 62.53 Use This Bet
Aug. 18, 2019, 9 p.m. Soccer Reading v Cardiff ( English Championship ) The Draw 3.30 3.55 2158.95 62.43 Use This Bet
Aug. 19, 2019, 3 a.m. Soccer Espanyol v Sevilla ( Spanish La Liga ) The Draw 3.30 3.55 547.67 62.43 Use This Bet
Aug. 20, 2019, 5 a.m. Soccer Wolves v Man Utd ( English Premier League ) The Draw 3.20 3.40 16099.48 62.39 Use This Bet
Aug. 19, 2019, 1 a.m. Soccer Alaves v Levante ( Spanish La Liga ) The Draw 3.20 3.40 466.83 62.39 Use This Bet
Aug. 25, 2019, midnight Soccer Man Utd v Crystal Palace ( English Premier League ) The Draw 4.50 5.40 50.15 62.15 Use This Bet
Aug. 26, 2019, 1:30 a.m. Soccer Tottenham v Newcastle ( English Premier League ) The Draw 6.00 7.80 1068.69 61.29 Use This Bet
Aug. 25, 2019, 11 p.m. Soccer Bournemouth v Man City ( English Premier League ) The Draw 6.50 8.60 120.37 61.11 Use This Bet
Aug. 20, 2019, 5 a.m. Soccer Wolves v Man Utd ( English Premier League ) Wolves 3.10 3.35 133.25 60.45 Use This Bet
Aug. 19, 2019, 1 a.m. Soccer Alaves v Levante ( Spanish La Liga ) Levante 3.00 3.20 90.70 60.32 Use This Bet
Aug. 18, 2019, 11 p.m. Soccer Sheff Utd v Crystal Palace ( English Premier League ) Crystal Palace 2.90 3.05 711.41 60.17 Use This Bet
Aug. 19, 2019, 1 a.m. Soccer Reims v Strasbourg ( French Ligue 1 ) Strasbourg 3.80 4.50 212.29 59.78 Use This Bet
Aug. 24, 2019, 5 a.m. Soccer Aston Villa v Everton ( English Premier League ) Aston Villa 3.20 3.55 170.74 59.71 Use This Bet
Aug. 19, 2019, 1 a.m. Soccer Reims v Strasbourg ( French Ligue 1 ) The Draw 3.10 3.40 23.22 59.55 Use This Bet
Aug. 25, 2019, midnight Soccer Watford v West Ham ( English Premier League ) The Draw 3.30 3.75 163.78 59.05 Use This Bet
Aug. 18, 2019, 4:05 p.m. Rugby League Cronulla Sharks v St George/Illa Dragons ( NRL ) St George 3.25 3.65 247.99 58.91 Use This Bet
Aug. 25, 2019, midnight Soccer Brighton v Southampton ( English Premier League ) The Draw 3.10 3.45 1629.52 58.68 Use This Bet
Aug. 25, 2019, midnight Soccer Sheff Utd v Leicester ( English Premier League ) Sheff Utd 3.50 4.10 26.87 58.64 Use This Bet
Aug. 18, 2019, 11 p.m. Soccer Sheff Utd v Crystal Palace ( English Premier League ) The Draw 3.00 3.30 1976.61 58.46 Use This Bet
Aug. 18, 2019, 11 p.m. Soccer St Etienne v Brest ( French Ligue 1 ) Brest 5.00 6.60 129.92 58.02 Use This Bet
Aug. 25, 2019, midnight Soccer Watford v West Ham ( English Premier League ) West Ham 3.00 3.35 149.85 57.58 Use This Bet
Aug. 19, 2019, 3 a.m. Soccer Espanyol v Sevilla ( Spanish La Liga ) Espanyol 2.90 3.20 429.32 57.30 Use This Bet
Aug. 25, 2019, midnight Soccer Sheff Utd v Leicester ( English Premier League ) The Draw 3.10 3.60 127.38 56.20 Use This Bet
Aug. 18, 2019, 11 p.m. Soccer Sheff Utd v Crystal Palace ( English Premier League ) Sheff Utd 2.60 2.76 924.79 56.09 Use This Bet
Aug. 24, 2019, 9:30 p.m. Soccer Norwich v Chelsea ( English Premier League ) Norwich 4.20 5.50 125.14 55.78 Use This Bet
Aug. 25, 2019, midnight Soccer Brighton v Southampton ( English Premier League ) Southampton 2.90 3.30 384.97 55.54 Use This Bet
Aug. 19, 2019, 3 a.m. Soccer Espanyol v Sevilla ( Spanish La Liga ) Sevilla 2.40 2.52 34.35 53.85 Use This Bet
Aug. 19, 2019, 1 a.m. Soccer Alaves v Levante ( Spanish La Liga ) Alaves 2.40 2.60 146.24 52.16 Use This Bet
Aug. 25, 2019, midnight Soccer Brighton v Southampton ( English Premier League ) Brighton 2.40 2.64 124.84 51.35 Use This Bet
Aug. 20, 2019, 5 a.m. Soccer Wolves v Man Utd ( English Premier League ) Man Utd 2.30 2.50 3779.40 50.41 Use This Bet
Aug. 19, 2019, 1 a.m. Soccer Reims v Strasbourg ( French Ligue 1 ) Reims 2.10 2.16 546.69 49.53 Use This Bet
Aug. 18, 2019, 9 p.m. Soccer Reading v Cardiff ( English Championship ) Cardiff 2.15 2.28 129.56 48.99 Use This Bet
Aug. 25, 2019, midnight Soccer Watford v West Ham ( English Premier League ) Watford 2.20 2.38 123.62 48.93 Use This Bet
Aug. 25, 2019, midnight Soccer Sheff Utd v Leicester ( English Premier League ) Leicester 2.10 2.26 136.81 47.29 Use This Bet
Aug. 24, 2019, 5 a.m. Soccer Aston Villa v Everton ( English Premier League ) Everton 2.05 2.30 88.86 44.33 Use This Bet
Aug. 18, 2019, 4:40 p.m. Australian Rules Hawthorn v Gold Coast ( AFL ) Gold Coast 12.00 25.00 42.00 42.94 Use This Bet
Aug. 19, 2019, 1:30 a.m. Soccer Chelsea v Leicester ( English Premier League ) Chelsea 1.70 1.77 11114.12 38.66 Use This Bet
Aug. 18, 2019, 11 p.m. Soccer St Etienne v Brest ( French Ligue 1 ) St Etienne 1.65 1.67 496.99 38.12 Use This Bet
Aug. 24, 2019, 9:30 p.m. Soccer Norwich v Chelsea ( English Premier League ) Chelsea 1.68 1.80 357.91 36.91 Use This Bet
Aug. 19, 2019, 5 a.m. Soccer Betis v Valladolid ( Spanish La Liga ) Betis 1.62 1.70 285.90 35.70 Use This Bet
Aug. 25, 2019, 2:30 a.m. Soccer Liverpool v Arsenal ( English Premier League ) Liverpool 1.45 1.54 62.42 28.69 Use This Bet
Aug. 19, 2019, 6 a.m. Soccer Atletico Madrid v Getafe ( Spanish La Liga ) Atletico Madrid 1.45 1.54 560.43 28.69 Use This Bet
Aug. 18, 2019, 4:05 p.m. Rugby League Cronulla Sharks v St George/Illa Dragons ( NRL ) Cronulla 1.35 1.39 203.84 24.74 Use This Bet
Aug. 25, 2019, midnight Soccer Man Utd v Crystal Palace ( English Premier League ) Man Utd 1.35 1.42 334.85 24.27 Use This Bet
Aug. 19, 2019, 5 a.m. Soccer Rennes v Paris St-G ( French Ligue 1 ) Paris St-G 1.32 1.39 99.56 22.69 Use This Bet
Aug. 26, 2019, 1:30 a.m. Soccer Tottenham v Newcastle ( English Premier League ) Tottenham 1.20 1.26 603.96 15.70 Use This Bet
Aug. 25, 2019, 11 p.m. Soccer Bournemouth v Man City ( English Premier League ) Man City 1.18 1.22 2812.87 14.62 Use This Bet
Aug. 18, 2019, 4:40 p.m. Australian Rules Hawthorn v Gold Coast ( AFL ) Hawthorn 1.03 1.05 11488.24 2.85 Use This Bet

Great, so you've selected the following event. Based on a bonus of $

Regardless of the outcome,

Your Profit Will Be $

Bet Details

Date
Sport
Event (Commissions %)
Bet
Tab Odds
Betfair Lay Odds

Numbers Breakdown

We've entered your bet details into an abbreviated version of our Matched Betting Calculator.

Don't worry too much about this right now, but for future bets you will want to become comfortable with using it.

At odds of you should lay
$0.00
The liability on this bet is
$0.00
Overall position if win
$0.00
Overall position if lose
$0.00

Possible Outcomes

OutcomeTabBetfairOverall
If your bet at Tab winsYou win $You lose $You make $
If your bet at Tab losesYou lose $0 (as this was a bonus bet)You win $You make $

Note that your liability on Betfair will be $ - you will need that amount in your account to cover the lay bet!

5. Prepare your Back Bet

Always place your back bet before placing your lay bet. It's much easier to correct any change in odds on your lay bet rather than your back bet.

  • Go to the market on Tab to select your bonus bet.
  • Select at odds of .
  • Double check that the back odds are still correct at .
  • If the odds have changed, please select another match from the table above.
  • The bet should appear in your betslip ready to go.
  • Ensure that you have selected to use your bonus bet.

Before submitting your bonus bet on Tab you want to prepare your lay bet to ensure you get fully matched.

6. Prepare your Lay Bet

Once your back bet is prepared then you can prepare your lay bet to ensure that no matter the result you will come out $ in profit!

  • In a separate window, go to the market on Betfair to place your lay bet.
  • If the lay odds have changed slightly in between the time of preparing your back bet then enter the new lay odds in to our matched betting calculator above as this will change the amount you need to lay to make an equal profit.
  • Alternatively, select another match from the table above.
  • Click on the pink number displaying the Lay Odds. This will open the bet slip.
  • Enter your lay stake of $

7. Confirm Your Back and Lay Bets

  • Re-visit the Tab window and click 'Place Bet' in your Betslip
  • Ensure the bet is accepted.
  • Re-visit the Betfair window and click 'Place Bet'

Your back and lay bets are placed and if you have followed each step correctly then

BOOM!!! You have just made your first $ profit matched betting!

If you need any help with your lay bet then jump in to our free forum for support from an expert.

This video will demonstrate the whole process for you – it really is that easy!

YOUR NEXT STEP

By Joining Bonus Money Pro you can simply and easily matched bet all other signup bonuses available to you. There are 19 other bookmakers who offer signup promotions in Australia. The bonuses range from $100 - $1000.

By joining Bonus Money Pro you also gain access to our Pro community, odds matching software, offer calendar and personal support.

Trial Bonus Money Pro for just $49 here

Back to Section 1 – Matched Betting Basics