How do I convert my bonus bet to cash?

To convert your bonus to cash you will be using your bonus bet to place a bet with the bookmaker and then placing a lay bet on the Betfair betting exchange on the same selection. This will mean that no matter the result of the event you will make an equal amount of profit.

bonusmoney.com.au - Converting Bonuses to Cash - Bonus Money - Matched Betting Australia

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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Finding the Selection to Bet On

Finding a selection to bet on that allows us to retain the highest amount of the bonus involves 3 main considerations:

1. Close back and lay odds

The back odds at the bookmaker need to closely match the lay odds at the Betfair betting exchange. The closer the odds are together the higher your bonus retention will be. This is because you will nearly always find lower odds at the bookmaker than the exchange. The smaller the difference between odds the more profit you will make.

2. Suitably large back odds

The back odds at the bookmaker need to be at suitable odds. Because nearly all of the bonuses you receive the stake isn’t returned the larger the bookmaker odds are the less it affects the amount you get returned. Therefore the difference between your back odds and lay odds is smaller again meaning you will retain more profit.

3. Enough money in the betting exchange to lay your bet

Their needs to be enough money in the betting exchange so that you can place your lay bet. If there isn’t enough then you would need to accept larger lay odds to get your bet accepted this would cause a decrease in your profits.

Extra advice

We would also suggest sticking to popular betting markets while achieving the above 3 requirements. Bookmakers do not like matched bettors as we are not profitable customers for them. Betting on an obscure market such as a third division Lithuanian handball game may get you a few extra dollars under the right conditions but it may also cause a bookmaker to look more closely at your account especially as you are a new customer. While the bookmaker will still pay out your bet they may decide to ban you from future promotions. That’s why we would suggest you stick to popular events and markets such as AFL, NRL, Soccer games from major leagues, NBA and major golf tournaments.

How you can do this

You can search for suitable bets yourself. the process involves opening up the corresponding pages at the bookmaker and Betfair comparing the odds between the two sites until you have found a selection for your matched bet following the advice above.

The Bonus Money way

We have made this process much easier for you, we compare the odds between the bookmaker and Betfair of popular markets to find the bet that gains you the greatest bonus retention. You can see how this works in our step by step guide to your first matched bet here

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How long does 1xBet take to deposit money?

Your 1xBet account will then be credited within 3 hours. Usually, it only takes a few moments before the money is available in your 1xBet account. Click below to join 1xBet and get started depositing now!

mybetting.in - How to deposit on 1xBet in India (Full Guide) - Online Betting

Skrill and Neteller are 2 of the world's most popular e-wallets. They are accepted by pretty much every single betting site in the world. Skrill and Neteller provide a service that is almost 100% identical. There are no notable differences between using Skrill or Neteller. The two services are owned by the same parent company, known as Paysafe Group. They are regulated by the Financial Conduct Authority in the UK and are considered highly secure money transfer services. Making transfers via Neteller or Skrill is instant, so the money will be available in your 1xBet account immediately after approving your transaction. The only real downside to using Neteller and Skrill is that they come with quite excessive fees compared to some of the other mentioned deposit options. Skrill and Neteller both have a 2.5% deposit fee. This means that every time money enters your Skrill or Neteller account, 2.5% will be deducted. In addition, they charge 1.45% when making a transfer. So when you want to deposit money on 1xBet using Neteller or Skrill, you will pay 1.45% on top of your deposit. If you’re willing to put up with these fees, we definitely recommend that you use Neteller or Skrill, as they are highly secure and reliable services.

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