bet365 bonus bets: how to turn them into cash
bet365 Australia calls its promotional credit Bet Credits. Its general terms say very little about how they pay, so the specific offer page is the rule book.
The short version: place the bonus bet at bet365 on a fixed odds win bet at longer odds, then lay the same selection on Betfair. Whichever way it goes, you end up with roughly the same cash.
bet365 bet credits rules
| What they are called | Bet credits and free bets are listed among bet365's Offers. Each offer's own terms on its offer page form part of the agreement. source |
|---|---|
| Changes | bet365 may withdraw, amend or cancel any offer at any time. Offers you already opted into stay valid under the terms that applied. source |
| Other promotions | Bets placed with Bet Credits do not qualify for the 100% Multi Bet Offer. source |
| Settlement | The To Return figure on the bet slip is for information only; bets settle on the stake at the odds accepted. source |
Not confirmed on bet365's own pages, so check the offer itself: Whether the Bet Credit stake is returned on a win (not stated in the general terms or help pages we could read; check the bet slip's To Return figure before placing); Expiry and minimum odds (set per offer).
How to turn it into cash
- Pick a fixed odds win selection at bet365, roughly 4.00 to 8.00, where Betfair has a lay price close to it and enough money waiting.
- Place the bonus bet at bet365. Leave the cash stake box empty so you do not place a cash bet as well.
- Lay the same selection, same market, on Betfair for the lay stake the bonus bet calculator gives you. New to laying? Start with lay betting explained.
- If the selection wins, the profit lands at bet365. If it loses, the lay wins on Betfair. Either way the result is about the same.
Worked example: a A$50 bonus bet
Same bonus bet, two prices, 8% Betfair commission. Figures are illustrative, not a promise.
| Longer odds | Short odds | |
|---|---|---|
| Back / lay odds | 6.00 / 6.20 | 2.00 / 2.06 |
| Lay stake | A$40.85 | A$25.25 |
| Liability needed on Betfair | A$212.42 | A$26.77 |
| Cash either way | A$37.58 | A$23.23 |
| Kept from A$50 | 75% | 46% |
Why longer odds keep more: with a stake not returned bonus bet the only value is the profit, which is the stake times the odds minus one. At 2.00 that is A$50; at 6.00 it is A$250. The cost is a bigger liability, so you need that much sitting in Betfair before you lay.
Mistakes that cost money
- Typing a cash stake as well as ticking the bonus bet.
- Using it on a bet type with no lay market, like exotics, each way or most multis. If you cannot lay it, you cannot lock it in.
- Laying the place market when you backed the win, or the wrong runner.
- Using short odds and keeping half the value.
- Not enough in Betfair to cover the liability, so the lay only part matches.
- Letting it expire.
- Only ever betting on promotions. Bookmakers do restrict accounts.
Frequently asked questions
Does bet365 Australia have bonus bets?
It calls them Bet Credits. Its general terms list bet credits and free bets among its offers, with the detailed rules on each offer's own page.
Is the bet365 Bet Credit stake returned?
We could not confirm this on bet365's own Australian help or terms pages. Before you lay, check the To Return figure on the bet slip. If it shows profit only, use stake not returned mode in the calculator.
How much of a bet365 bonus bet can I keep?
As an illustration, often around 70 to 80 percent of the face value when you use it at longer odds with a close Betfair lay price. It is not a promise: the odds, the gap to the lay price and your Betfair commission all move it. At short odds it can be much less.
Can bet365 restrict my account for doing this?
Yes. Bookmakers can restrict or close accounts at their discretion, and accounts that only ever bet on promotions are the usual target. Treat promotional access as something that runs down over time.
Keep going
The full method is in matched betting in Australia. Other bookies: Sportsbet, Ladbrokes, Neds, TAB, PointsBet, Betr, Palmerbet, or all bonus bet guides.
Sources
Written by the YAUPICKS team. bet365 rules last checked 18 October 2026 against bet365's own help and terms pages. Bookmakers change their terms; the offer in your account always wins. 18+ only.
Gambling involves risk. Matched betting is a strategy that aims to reduce outcome risk, not eliminate it. Losses are possible, particularly through human error, and bookmakers may restrict or close accounts at their discretion. YAUPICKS is an education and community platform operated by YAUPICKS PTY LTD (ABN 40 673 940 228). We are not a bookmaker, a casino or a financial services provider, and no wagers, deposits or withdrawals occur on this site. Nothing here is legal, tax or financial advice. You must be 18 or over. If gambling is causing you harm, contact Gambling Help Online on 1800 858 858 or self exclude from all Australian licensed online wagering services through BetStop, the National Self-Exclusion Register. See our responsible gambling page.