Frequently Asked Questions
What is Matched Betting?
Matched Betting is a technique used to cover all possible outcomes by placing opposing bets using a bookmaker and an exchange. MBA will show you how to maximise the signup offers available in Australia and New Zealand.
Is there any risk involved?
No. If you take your time and go through each bet slowly there is no risk. Human errors do of course occur, so this will be the only risk involved ( such as placing wrong bet, entering wrong stake amount etc ).
How long does it take to set up my bookmaker accounts?
We would estimate filling out the registration form and making your first deposit will take about 5-10 minutes. Thereafter most bookmakers will ask for one of a few documents needed to verify your account. Do not stress about this, as it is perfectly normal. These include documents such as passport, driving licence, bank statements, utility bills etc. We always make sure we have a folder on our PC with all these documents ready to go.
How much money do I need to start?
We recommend a starting bank of about $250-$300. Obviously, the more you have to start with the quicker you can get through your signups. If you can afford to start off with more, then we advise you do that.
I have never placed a bet before, is this a problem?
Not at all! We actually only placed our first ever bet when we started Matched Betting! After a few slow signup bets, you will find your groove and become extremely comfortable with backing and laying.
I am from New Zealand, can I still take part?
Yes you can. It is the same as betting from Australia.
Is it legal?
100% yes.
Sports betting is restricted in my state, can I still take part?
Yes you can. These States will often advertise that they do not offer signup promotions etc , but one can get around these rules. Read more on our State by State Betting Guide.
When can I withdraw my winnings?
This depends on each individual bookmaker’s Ts & Cs. Some allow you to withdraw instantly, while others may require you to reuse your winnings a few times. This is perfectly normal and will be discussed on each signup offer.
Do I pay tax on my winnings?
No, winnings from sports betting in Australia and New Zealand are 100% tax-free.
What is the difference between a back bet and a lay bet?
A back bet is placed with a bookmaker on something to happen, whereas a lay bet is placed with an exchange against something to happen. Learn more in our Betting Exchange Guide.
How do I get started?
Head over to our Start Here page and follow the steps!