VIP/Rewards Grade: /5 Summary: A regulated sportsbook available in Ontario
Updated: Jan 02, 2026
min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
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What To Know
NEO.bet is regulated by your local gaming commission. Regulated sportsbooks provide customer protections that you will not have when using an unregulated sportsbooks or sweepstakes sportsbooks.
NEO.bet is unregulated. Unregulated sportsbooks do not provide the same customer proctections that regulated sportsbooks have.
NEO.bet is CFTC-Regulated. CFTC-regulated platforms are federally regulated futures markets, which offer different protections than sportsbooks regulated by a state gaming commission.
NEO.bet follows a sweepstakes model. Sweepstakes platforms are regulated by the Federal Trade Commission and state sweepstakes laws instead of your jurisdiction's gaming commisison. These protections are less than those provided by a regulated sportsbook, and are designed for traditional sweepstakes, not a sportsbook.
NEO.bet is a sportsbook. Sportsbooks, unlike exchanges, act as "The House" and often have more vig than a betting exchange.
NEO.bet is an exchange. Exchanges often offer better odds than a traditional sportsbook, do not limit players, and are matched betting friendly.
NEO.bet is a P2P/Marketplace. P2P/Marketplace betting platforms often operate like a Betting Exchange. There might be minor differences, such as commission and fee structure.
NEO.bet is an Prediction Market. Prediction markets work like a stock market, but instead of trading shares, you’re buying and selling contracts based on future events, from sports to weather to elections.
In some states NEO.bet operates as a betting exchange, and others they operate as a sportsbook. In both situations NEO.bet will not limit bettors.
NEO.bet is "Player Friendly". Player friendly sportsbooks/exchanges do not enact limits on players making them perfect for matched betting.
NEO.bet is "Slower-to-Limit". Slower-to-Limit sportsbooks take longer than average to enact limits on winning bettors.
NEO.bet is "Quick-to-Limit". Quick-to-Limit sportsbooks enact limits signifcantly faster than your average sportsbook. If you show signs of being a winning bettor, limits will quickly follow.
NEO.bet has high limits. Sportsbooks with higher limits are useful for generating VIP status and hedging large promotions.
NEO.bet has low limits. Sportsbooks with lower limits are can make hedging larger promootions, such as those assocaited with VIP status, difficult.
NEO.bet seems to be more likely than other sportsbooks to limit bettors after a withdraw. Avoid withdraws from NEO.bet as much as possible.
Notes: Spread out as $200, $100, $100 over your first three deposits. 5x playthrough.
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MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
NEO.bet was established in 2022 as a Canadian-focused sportsbook and launched publicly in Ontario’s regulated market in 2023.
Updated: Jan 02, 2026
min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
NEO.bet was established in 2022 as a Canadian-focused sportsbook and launched publicly in Ontario’s regulated market in 2023.
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
