Foster behind bars after failed bail bid

Rebekah Ison

Notorious conman Peter Foster has spent another night behind bars after being denied bail over his alleged involvement in a $1.5 million sports betting scam.

It's alleged 54-year-old Foster used an assumed identity, Mark Hughes, to extract sums of between $100,000 and $1 million from a South African man living in Western Australia who invested in the so-called "Sports Trading Club" in 2013.

He was deemed a flight risk on Thursday after Prosecutor Nick Borosh told the Central Local Court he had an established history of ignoring court orders and would face an "almost inevitable" custodial sentence if convicted.

Police also found "something in the nature of an escape kit" buried in Foster's backyard, including a fake Irish passport, Medicare card and Irish bank accounts in the same name.

Foster was arrested at a Gold Coast cafe in mid-February and extradited to NSW to face seven fraud-related offences.

Defence lawyer, John Young said Foster knew for years charges were pending because of a civil claim and he chose to remain in Australia.

Foster also offered to submit to electronic monitoring at a personal cost of $27,000 and stump up a $50,000 surety.

During the hearing, Foster rested his head against his palm and appeared to fall asleep.

Magistrate Carmel Forbes came to the "inescapable conclusion" Foster presented an unacceptable flight risk.

Foster's matter is scheduled to return to court on April 11.