If you’re serious about making money from matched betting in Australia, a matched betting service is the single best investment you can make. While you can learn the basics with free guides like ours, a paid service gives you access to tools that dramatically increase your profits and save you hours of time.

For years Australia had two established matched betting services: Bonusbank and Bonus Money. I used both. Bonus Money has since shut down and its website is no longer online, which leaves Bonusbank as the service I recommend and the one I still use every day.

In this guide, I’ll cover what Bonusbank offers, which of its plans suits you, and what happened to Bonus Money.

Why You Need a Matched Betting Service

Matched betting without a service is like doing your tax return without software - technically possible, but you’ll miss opportunities and waste a lot of time.

Here’s what a matched betting service gives you that you can’t easily replicate on your own:

The monthly subscription fee for these services typically pays for itself within the first few days of use. Most members report earning $1,000 to $3,000+ per month, making the $59–$149 monthly fee an exceptional return on investment.

What to Look For

Not all matched betting services are created equal. Here are the key features that matter most:

Bonusbank ticks all of these boxes, so let’s take a closer look.

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Bonusbank

Bonusbank is the most popular matched betting service in Australia, and for good reason. They’ve built a comprehensive platform that covers everything a matched bettor needs, from complete beginners through to advanced users.

Key Strengths

ATM OddsMatcher: Bonusbank’s flagship tool scans odds across all major Australian bookmakers in real-time. It’s fast, accurate, and incredibly easy to use. You simply filter by bookmaker or promotion type and it instantly shows you the most profitable bets available.

Tutorials & Guides: They offer 18 beginner tutorials and 10+ advanced tutorials covering every aspect of matched betting. The guides are thorough and regularly updated, making them ideal for learning at your own pace.

Discord Community: This is where Bonusbank really shines. Their Discord community is one of the most active matched betting communities in Australia. You can ask questions, share finds, and get real-time help from experienced members and staff. For beginners, this support network is invaluable.

HorsePower: A dedicated horse racing tool that identifies profitable racing promotions. Racing promos are some of the most consistent money-makers in matched betting, and HorsePower makes them easy to find and execute.

Calculators: A full suite of calculators including free bet, bonus bet, multi-leg, and advanced calculators. These take the guesswork out of working out your stakes and expected returns.

Pricing

Bonusbank has four tiers, all billed monthly with no lock-in contract:

• Free: The Matched Betting Basics course, ATM Lite with 2 bookies, the back/lay calculator and the free Discord channels. No credit card needed.
• Standard ($59/month): The full ATM and dutching software, HorsePower Lite, every calculator and 20 bookies across the tools.
• Plus ($99/month): 80+ bookies, the full HorsePower software, Racing Matcher, Multi-Matcher and the 2up software.
• Pro ($149/month): Everything in Plus, along with the value betting, middles and SGM Finder tools.

Use code OZPROFIT for 25% off your first month.

Read Our Full Bonusbank Review

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Which Bonusbank Plan Is Right for You?

If you’re a complete beginner, start on the Free plan. Work through the Matched Betting Basics course and place your first few bets with the back/lay calculator before you spend a cent.

Once you’re working through sign-up offers, Standard is where most people should land. The full ATM and 20 bookies cover the welcome offers and weekly promos you’ll be doing in your first few months.

If you’ve been matched betting a while, Plus is the plan I’d pick. Racing promos are some of the most consistent money-makers in matched betting, and the full HorsePower software across 80+ bookies turns them into regular weekly income.

Pro suits experienced bettors who have worked through most of the sign-up offers and want to move into value betting and middles. You won’t need it in your first year.

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What Happened to Bonus Money

Bonus Money was one of Australia’s longest-running matched betting services. Its offer calendar, with dutching calculations built in, was the best I’ve used, and its Matcha Chrome extension took a different approach to horse racing promos.

The service stopped taking new members, most of its tools went offline, and the bonusmoney.com.au domain is now parked. You can’t subscribe to it any more, so I no longer recommend it.

My Bonus Money review and Bonusbank vs Bonus Money comparison are still up if you want to see how the two services compared while both were running.

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The Bottom Line

A matched betting service is the best way to maximise your profits and minimise the time you spend finding and placing bets. Bonusbank has served more than 20,000 members, and it’s the service I use myself.

If you’re just starting out, I’d recommend opening a free account, then committing to a paid plan for at least a month once you’re placing bets. Follow their tutorials, use their tools daily, and engage with the community. You’ll be amazed at how quickly the monthly fee pays for itself.

Still not sure? My Bonusbank review covers every tool in detail.