Aussie Firebug

Financial Independence Retire Early

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Summary

My guest today is Nico who managed to create an online income stream through a technique called matched betting.

But don’t let the name fool you! Matched betting is not gambling but it takes advantage of the big signup bonuses amongst other things that the betting agencies used to lure people in.

The closest thing I can compare it to is signing up for credit card point to use on flights but matched betting is a lot more lucrative and easier IMO.

Nico runs Bonus Bank which is a website that helps Aussies with matched betting by finding the best opportunities out there. Make sure you stick around for the second half of the pod as Nico’s story about what life matched betting has enabled him to live is pretty cool and well worth a listen.

Some of the topics we cover today include:

  • What is matched betting and how it works
  • How Nico can make $300 tax-free dollars in 30 minutes
  • Geoarbitrage with matched betting
  • What is Bonus Bank and how they can help
  • Infamous Betfair signup bonus story about winning a couple of grand in one night
  • How Nico managed to replace the majority of his income through matched betting

So let’s jump into the world of matched betting.

 

Show Notes

 

If you do decide to sign up for a paid membership, the guys at Bonus Bank sorted out an exclusive deal only for Aussie Firebug Members where you will get 50% off your first premium monthly subscription if you  use the coupon code FIREBUG* this code has changed to a 3-day free trial instead (as mentioned in the podcast)

*Full disclosure. If you use this code, I will receive a commission through an affiliate program. Thank you in advance for helping me run and maintain this site 🙂

 

 

Update: The laws are apparently changing at the end of May 2019 and the Consumer Framework for Online Gambling has made a recommendation to remove of signup bonuses along with various steps to try and deal with problem gambling in Australia. We don’t know what this means exactly as I personally received the bonus even though I was registered in Victoria which was already a state that wasn’t meant to have them. From what I’m reading, if you signup and email them asking for the bonus, more often then not they are allowed to give it to you because it’s technically not a signup bonus but an incentive for an already established member. We will see how this plays out in the coming weeks.

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