June 13

BonusBank Review 2020: The Best Matched Betting Site in Australia?

​Access BonusBank as ​discussed in video above!

​💰 Use the coupon 'ARBACADEMY' to get 25% off your first month! 💰

Subscribe to my YouTube channel for more ​​matched betting content!

​Are you interested in using BonusBank to get started with matched betting in Australia, but want an honest BonusBank review to help you figure out whether it’s right for you?

Well, you’re in luck, because in this comprehensive BonusBank review, I will be taking a deep lock at their matched betting service to give you the definitive answer on whether it’s the best matched betting software in Australia!

Let's get straight into this Bonus Bank review!

​How Much Money Can You Make With BonusBank?

​If you are new to matched betting, you are probably wondering how much money you can really make with BonusBank. Will the money you make really justify the $47 monthly subscription fee?

Well, I have compiled the daily profit stats from the 12 months to the end of January 2020. I decided to leave out the last few months as there were no sports for the majority of the first half of 2020 (due to coronavirus).

The graph below shows the cumulative profit you would get if you followed the BonusBank daily plays during this 12 month period.

BonusBank Profit Daily

BonusBank Daily Profit

The graph below summarises this on a monthly basis. Profits tend to be higher in winter when AFL and rugby are on, but there is money to be made all year round!

​As you can see, just by following the daily promotions from BonusBank, you could have earned a total of over $9,500 during this period. An annual subscription with BonusBank for the same period would have cost you $400.

Your net profit would be in the order of $9,000 over the year, or $750 per month!

Hopefully you can now see the huge potential that matched betting has to offer you!

​​Seen enough and want to get straight into it?

​​BonusBank is currently running a promotion for readers of TheArbAcademy.com!

Use the button below and enter the code ‘ARBACADEMY’ at checkout to get 25% off your first month of a Premium Monthly subscription!

BonusBank coupon code

​What Are The Most Important Factors When Choosing Matched Betting Software?

​Before we start looking at the pros and cons of BonusBank, let’s take a quick look at the most important things we should consider when choosing a matched betting service.

​Price

​Pretty straightforward! We’re here to make money, and every extra dollar that we spend on a subscription fee is a dollar less in profit at the end of the month.

​Frequency of promo updates

​The promotions offered by the bookmakers are the main way we make money as matched bettors!

A premium matched betting service should provide you with an update of all available promos at least once a day, to make sure you aren’t missing out on anything!

​Number of Australian bookmakers covered

​More bookmakers means more potential promos and more bookmakers to sign up to when your accounts start getting gubbed (limited).

Having more bookmaker options gives you a longer career as a matched bettor!

​Number of sports covered

​More sports again means more promos and therefore more profits!

​Community

​Some of the promos offered by the bookmakers can be quite complicated and it can be difficult to get your head around how to actually take advantage of them!

Having fellow matched bettors to chat to in a community allows you to bounce ideas off them and get some advice when you need it.

​Odds comparison tools

​Being able to compare the odds for multiple bookmakers and multiple matches allows you to rapidly find the most profitable bet on which to activate your bookmaker promotion. Without this, you are left to go hunting for the bets yourself.

​Calculators

​Backing and laying bets at an exchange is complicated, especially when you consider the commission that the exchange takes. An easy to use calculator will ensure you never make any mistakes.

​Matched betting tutorials

​Beginners to matched betting will find the concept and the jargon a little confusing at first. What is a 4 leg multi? What does it mean to back a bet vs. to lay a bet?

A good matched betting service should have plenty of tutorials to help you get your head around it all.

​BonusBank Review - How Does It Stack Up?

​Considering the criteria we discussed earlier, BonusBank does quite well.


​​BonusBank

Price (per month)

​$47

​Bookies/Sports

​18/8

​OddsMatcher

​Yes

​Promo Updates

​Daily

​Tutorials

​28

​Calculators

​12

​Community

​Active on Facebook, forum and live chat

​Here are the main pros and cons of BonusBank!

Pros
  • ​Tons of detailed tutorials and calculators
  • ​Promos updated daily
  • ​Covers 18 Aussie bookmakers and 8 sports
  • ​Clean, crisp interface
  • ​Free trial available
  • ​OddsMatcher and dutching software included
  • ​Active community
Cons
  • Daily ​p​romo expected value ​should be calculated ​as Bonus Money does
  • ​Only win markets covered in dutching software (no asian handicap/line arbs or middles)

​Matched Betting Tutorials

​BonusBank has a ton of matched betting tutorials to bring even someone who has never placed a bet in their life up to scratch with matched betting in no time at all.

They have 18 beginner tutorials in total, which cover a range of topics including:

  • What is a betting exchange?
  • How do you verify an account with a bookmaker?
  • What are qualifier bets? What are bonus bets?

​Any many, many more. The tutorials are detailed but concise, so you learn everything you need to know without loading your brain up with unnecessary details.

BonusBank tutorials

BonusBank beginner tutorials

​There are even some quiz questions to test your knowledge as well as video tutorials to really cement the knowledge.

If you have finished the beginner tutorials and want to sink your teeth into some advanced tactics, there are another 10 tutorials that show you how to use some additional tactics to squeeze out some additional profit.

BonusBank review

BonusBank advanced tutorials

​Promos

​The bread and butter of any matched betting service is to provide you with a summary of all of the current bookmaker promotions and the expected value you can get from each one.

BonusBank updates their current promos daily, releasing them on their website and via email. They typically categorise the promos as either sports based or racing based.

Here’s an example of their promo summary for a single AFL game!

BonusBank promos

​I wish they would calculate the expected value for each of the daily promos and post it next to the offer as Bonus Money do. ​At a glance, you would be​ able to figure out if a promo is worth pursuing or not.

​The ATM

​The ATM is what BonusBank calls their odds matching software. This software compares the bookmakers odds for hundreds of matches against the equivalent lay odds at Betfair.

You will spend most of your time in BonusBank on The ATM, looking for the best value odds on which to place your qualifying or bonus bets to maximise profit.

The ATM automatically calculates your expected profit if you pursue a particular matched bet. The profit is based on either a qualifying bet with your stake returned, or a bonus bet with no stake returned.

The ATM

​One of the things I like most about The ATM is its clean and simple interface. Unlike other software, they don’t try to cram too much information onto each page.

At a glance, you can easily get an understanding of the bets on offer, and your expected profit from each one.

You can filter bets on The ATM by:

  • ​Match start date
  • Sport
  • League
  • Event
  • Market
  • Bookmaker
  • Odds
  • Betfair liquidity

​These filters are excellent and afford you the flexibility to hone in on a very particular type of bet, if you wish.

Rugby

I particularly like the ability to filter based on Betfair liquidity, this is a feature that I see missing in many other arbitrage and matched betting software. It ensures that you aren’t wasting your time with bets that have only a couple of dollars waiting to be matched on the market.

Rugby

​Dutching Software

​In addition to The ATM, BonusBank also comes with the only dutching (aka arbitrage betting) software for the Australian market! This comes at no additional cost, it is automatically included in your premium membership.

The dutching software compares the odds between bookmakers and notifies you if it finds an opportunity where you could back bets with both of them and profit regardless of the outcome.

The sport, match start time and relevant teams are displayed along the left, and the bookmakers, associated odds and expected profit margin are displayed on the right.

BonusBank review

BonusBank dutching software

​Note that this is different to regular matched betting as all bets are placed with bookmakers, there are no lays with Betfair here.

This is only recommended if your accounts have already been gubbed of promotions and you want to squeeze the remaining profit out of them.

Due to the fact that there are no sharp bookmakers left ​in Australia, the BonusBank dutching software doesn’t find too many arbitrage bets unfortunately.

​Betting Calculators

​The promotions offered by the bookmakers typically come with an array of confusing terms and conditions attached to them, often requiring you to turnover your bonus bets multiple times at certain odds, or jump through other hoops to access your sweet profits.

Thankfully, BonusBank have a total of 12 different calculators to cover a wide variety of situations. These range from standard back/lay calculators to a calculator specifically developed for a certain type of horse racing promotion by Neds!

BonusBank calculator

​The calculators can appear a little intimidating at first, but they come with explanatory tutorials and forum posts where you can ask any questions you may have.

BonusBank calculator

​Community

​One of the best parts of BonusBank is their active community. Whether you are just getting started with matched betting or want some advice on advanced betting tactics, there are always helpful members out there who will chime in with advice and comments.

BonusBank founder Nico is also very active in the community. BonusBank have a Facebook group of 1,500+ members, live chat built into the website, and a decent forum.

BonusBank FB group

BonusBank Facebook group

BonusBank chat group

BonusBank chat group

BonusBank forum

BonusBank forum

​They are very active, especially the live chat, which gets tons of messages every day. My experience is that everyone is very helpful and constructive in their advice, which is great to see.

​​Horsepower and 2UP Software

One thing that surprised me while doing this review of BonusBank, was that ​​in addition to everything discussed above, BonusBank includes two extra pieces of software.

Horsepower is their Google Chrome extension which allows you to identify which horses have the greatest amount of value.

You can sort by expected value and then place your bets accordingly.

BonusBank’s 2UP software is designed for Bet365’s soccer promotion whereby they pay out early if your team leads by 2 goals at half time.

These two extra software are just icing on the already fantastic BonusBank cake.

​BonusBank Bookmakers

​BonusBank covers the following Australian bookmakers as part of their matched betting service.

​BonusBank Supported Bookmakers (click to expand)

  • ​Bet365
  • Beteasy
  • Ladbrokes
  • Neds Group
  • Palmerbet
  • Playup
  • Pointsbet
  • Sportsbet
  • Sportsbetting
  • Tab
  • Tab Touch
  • Topsport
  • Ubet
  • Unibet

​BonusBank Sports

​BonusBank covers the following sports:

​BonusBank Supported ​Sports (click to expand)

  • ​AFL
  • Basketball
  • Cricket
  • Golf
  • Horse racing
  • NFL
  • NRL
  • Soccer
  • Tennis

​BonusBank Pricing

​So, how much does BonusBank charge for all of the features we have outlined above?

BonusBank pricing

​Well, their standard package is $47 per month, which is pretty decent when you consider that their daily promos have up to $750/month in value (that’s without any sign up bonuses!).

If you have the money, you can also purchase 6 months or 1 year in advance for $225 or $400 respectively.

BonusBank offer a 1 month cooling off period on their 6 month plans, which gives you some peace of mind if you do decide to save money by going for a longer plan.

BonusBank Coupon Code

​Coupon Code!

​However, I am pleased to announce that BonusBank is currently running a promotion for readers of TheArbAcademy.com!

Use the button below and enter the code ‘ARBACADEMY’ at checkout to get 25% off your first month of a Premium Monthly subscription!

BonusBank coupon code

​BonusBank Free Trial

​BonusBank also have a free trial available if you want to give them a go before parting with your cold hard cash.

You get access to their introductory tutorials and a basic betting calculator to let you profit from your very first matched bet.

Once you see that it really does work, you can upgrade to a premium account and access everything BonusBank has to offer!

​BonusBank Review - Conclusion

​Hopefully you can see from the comprehensive BonusBank review that I genuinely believe that they are the best matched betting service in Australia!

A library of incredibly useful tutorials and calculators, daily updated promos, a very active, friendly community, and an OddsMatcher and dutching software presented in a clean, crisp interface make this great value for only $47 per month.

Get started with Bonus Bank now and use the code ‘ARBACADEMY’ to get 25% off your first month!

Disclaimer: This post may contain affiliate links. I will earn a commission if you choose to purchase a product or service after clicking on my link. This helps pay for the cost of running the website. You will not be disadvantaged in any way by using my links.

Reviewer: Louis

Review Date: 2020-06-​1​3

Reviewed Item: ​BonusBank Matched Betting Service

Author Rating: 4.5/5

Product Name: ​BonusBank Matched Betting Service

Price: ​AUD ​$​35.​25

Product Availability: Available ​in Stock


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