Matched betting has been a phenomenon with the potential to earn a part-time or even full-time living from it. There is a lot of software for matched betting, but Oddsmonkey is probably the most popular of them all.
Oddsmonkey aims to make life easier for matched bettors by providing tools to find offers and earn higher profits. In this Oddsmonkey review, we’ll go over their features and how it may benefit you.
Available using this link
|Customer Service||Excellent, via phone and email.|
|Money Back Guarantee||30 days|
|Earning Potential||Very Good|
What is Oddsmonkey
Oddsmonkey is a leading matched betting software that streamlines the process of identifying and capitalizing on daily offers from bookmakers to maximize profits for its users. By aggregating offers from over 90 online bookmakers, Oddsmonkey saves users time and effort, eliminating the need to check each bookmaker’s website for new offers manually.
Distinct from other matched betting software, Oddsmonkey boasts a more comprehensive range of sign-up offers, making it easier for users to secure quick profits. Furthermore, the platform offers a risk-free experience for new customers by providing a 30-day free trial.
Equipped with a suite of user-friendly features such as automatic lay betting and a matched betting calculator, Oddsmonkey simplifies matched betting for users of all experience levels. This Oddsmonkey review aims to provide you with a comprehensive understanding of the platform and how it can help you optimize your profits through matched betting.
How does it work?
Oddsmonkey has a daily offer calendar, so beginners and experts can view new offers every day. Once you’ve signed up with most of the bookmakers, you won’t be eligible for welcome offers. Normally, it’ll take forever to scour the internet to find updated offers.
With Oddsmonkey, existing customers get exclusive offers direct to their inbox. These reload offers are displayed in an easy to read format, so you can quickly scan through them. If that’s not enough, Oddsmonkey shares the strategy for guaranteeing profits with the offers listed.
Features and Services
At the core of Oddsmonkey is their Oddsmatcher feature. This software can find, sort, and compare various odds from both betting exchanges and bookmakers. It finds all of the best-matched betting opportunities for you so that you shave off dozens of hours a month and get more significant profits faster.
With the Oddsmatcher tool, you can filter results by betting exchange, bookmaker, market, or sport. The built-in calculator will do all of the math for you. This feature also rates the information, so that users can see how good the matched betting opportunity is.
Daily Offer Calendar
Welcome offers and signup bonuses are just the beginning of matched-betting. Once you’ve opened all the bookmaker accounts that are provided in the Oddsmaking training section, you can begin working on the daily offer calendar. With daily offers, you get flooded with reload bonuses, refund offers, and other types of bonuses available. It’d be a hassle to check all bookmaking sites and betting exchanges for different offers.
You can then hide and check off all the offers completed so that you don’t come across repeated ones. This calendar also allows you to sort by start time and bookmaker name so you can easily find what you’re looking for. The daily offer calendar can be the morning ritual that helps you rake in profits consistently.
Keeping track of your earnings can be a daunting task, especially when you don’t have a clear overview of your numbers. The profit tracker tool comes to the rescue by offering a user-friendly and comprehensive breakdown of your daily, weekly, monthly, and all-time profits. This easy-to-read tracker enables users to pinpoint their most lucrative profit sources, allowing them to focus their efforts on areas with the highest returns.
The profit tracker tool seamlessly integrates with Oddsmonkey, automatically updating your earnings based on the bets placed within the platform. Nevertheless, users have the flexibility to input their bets into the tracker as well manually. By tracking profits across specific sports, users can identify areas for improvement or fine-tune their betting strategies. Should a particular method or sport result in losses, users can make informed decisions to adjust their approach or remove those elements from their betting portfolio.
Horse racing can be a convenient and lucrative opportunity for intermediate and seasoned matched bettors. A sport like football only happens during certain seasons of the year. However, horse racing is a year-round sport, meaning you can profit from this consistently. There are small races to place bets on daily. But there are also large events like Grand National, Ascot, and Cheltenham.
Oddsmonkey will display the horse racing opportunities that have refund offers and free bookmaker bets, so that these odds are pre-filtered for players to have the best odds to win. Since horse racing is a year-round, there are plenty of reload offers to help players make recurring income. Oddsmonkey filters out bookmakers that are not currently running any promotions on them to save you time.
Oddsmonkey does an excellent job helping beginners to get acclimated to matched betting and learn the ropes. They offer hundreds of step-by-step guides and video tutorials to help matched bettors of all experience levels. With the free trial alone, they walk you through three live bookmaking offers and promise to help you understand matched betting in less than an hour. Once you get the premium, you have access to their full library of videos and guides.
Placing accumulator bets are ideally for advanced matched bettors. This means that you place a condition that multiple parties must win for you to win your bet. Suppose there were three football games on. You’d have to bet the correct outcome for all three games. The advantage of accumulator bets is the payouts are extremely high compared to placing individual bets. Sometimes there is Acca insurance where you can get an exclusive offer or free bets for placing these accumulator bets.
Accu Matcher offers two tools to help with your accumulator matched betting, which is the Acca Finder and Acca Builder. Acca Finder has an updated list of over 2,000 accumulator offers available. It analyzes over 100,000 bets at once.
What makes this feature stand out is the sorting ability. Acca Finder offers are sorted by EV, meaning Expected Value. The Expected Value shows you how much money you’re able to make overtime and the probability of a team potentially losing. With the Acca Builder tool, you can build your accumulator bets in which you can qualify for. You’re able to set certain conditions for your preferred Acca method such as ‘lay at the start,’ ‘no lay,’ ‘lay sequential lock-in,’ and ‘lay sequential.’
Dutching is a method of matched betting used by mostly advanced bettors. Bettors will back all possible outcomes during an event such as in a horse race. This is a typical alternative to lay betting. With Dutch matching, you can match odds between bookmakers with the use of betting exchanges.
As a bettor, this will save you hundreds of pounds on commission fees. Rather than trying to figure it out yourself, Dutch Matcher will determine what stakes you need to wager to mitigate the loss and maximize your profits. With Dutch matching, it opens the door to many more opportunities to bet than regular matched betting offers. You’ll also be able to complete two wager requirements at the same time. For example, if you struggle to bet on horse races or golf tournaments, this is the method for you. You can easily use Dutch between two or three bookmakers at once so you can easily optimize your chances to win.
For football, you can bet all three outcomes of a win, lose, or draw. Essentially you’ll break even and win your money back no matter the outcome. There’s a built-in calculator with this tool so that you can calculate your stakes and how to split these between the bets. If you change your stakes, you can simply let the calculator do the work for you.
Each Way Matcher
Each-way betting is a more advanced method of matched betting. For sports or events where placing is involved, you can earn money by simply placing in the competition. Usually, each way betting can be used in sports such as horse racing, sportscar racing, and golfing. Let’s say you place a bet on one horse to win. You’ll then place another bet on the same horse to place.
This means they must finish within a preset position. Usually, this means the first, second, third, or fourth place position. This tool analyzes from over 50 bookmakers from the place bets and opposing wins. This tool ensures you get the best odds for your each-way bets. There are usually each-way bets to be made daily so that you can make consistent profit from this method alone.
With this tool, you can rank the odds data from each way matcher, so you know which horse or player gives you the best chances of winning. You’ll also be able to use the free bets combined with each way betting to earn more. This tool lets you find offers to place lower qualifying bets to mitigate losses, which are useful for second or third place refund offers. Lastly, this method works for gubbed or restricted accounts, as well.
Extra Place Matcher
An extra place matcher capitalizes on each-way betting. An extra place is similar to each-way betting, except bookmakers may add an exception by including an additional spot or extra place finish. For example, a bookmaker might allow a fifth or even 6th place finisher to be awarded. This means bigger payouts for you.
OddsMonkey has the extra place matcher, which sorts and displays the data. This will show you the best-priced horses and the highest-rated horses used for backing and laying. There’s even a save button so that you can remember your previous winning horse combinations for future horse races. Sometimes bookies only offer extra place finishes for particular horses so players can capitalize on the odds by picking the best ones of those choices.
Matched Betting Forum
An Oddsmonkey forum is a place where community members and the Oddsmonkey team can work together to help each other. More experienced matched bettors can chime in with their expertise, while the Oddsmonkey staff can also provide a detailed answer on how to troubleshoot or maximize their software.
Members can share tips, ask questions, and receive advice on anything related to matched betting in the United Kingdom. There are matched bettors of all experience levels, so it’s a great way to other like-minded individuals. Also, members can read the Oddsmonkey comprehensive blog to find articles on any aspect of matched betting they want to learn about.
Videos and tutorials can only help so much. Sometimes matched bettors might face a unique scenario that requires someone who has gone through a similar issue. It’s an excellent place to ask for help or help out others. By jumping in on conversations, many members have found new exciting offers that may have just been released.
Learning from others is a great way to accelerate your growth as a matched bettor and learn the methods they are using to rake in more tax-free cash. In their forum, you’ll also find a myriad of success stories so that you can see someone else’s journey and inspire you to succeed. The forum is straightforward to navigate.
You can browse by recent, most popular, unread posts and even search for posts. You can search for any topic by clicking on the magnifying glass and find discussions on more detailed topics.
This often catches everyone’s attention. You can easily exploit casino and bingo offers using Oddsmonkey. Although they usually focus on matched betting offers they regularly have casino offers as well.
They provide an EV calculator on their website, through which you can calculate whether the offer from the casino is worth doing and whether it is profitable or not. Casino offers always carry extra risk as there are no guarantees however, they can be very lucrative if done correctly.
Matched Betting Calculator
With the Oddsmonkey Matched Betting Calculator, you can crunch in the numbers to see how much to stake your lay bets on betting exchange websites for guaranteed profits. You’ll be able to view both free and normal bets. If the odds change, you can change the odds in your favor.
For those that want to learn the odds behind the matched betting formula, Oddsmonkey teaches you how they come up with the calculation so you can do it yourself. There are also different calculators for each type of matched betting method, such as each-way calculator, accumulator calculator, and dutching calculator.
Oddsmonkey is the first matched betting software to exclusively integrate with Betfair. Betfair is an online betting exchange casino for sports games and horse races. With this integration, it helps players to place bets faster and prevent potential mistakes while placing your lay bets at the exchange. This tool will automatically place lay bets for you, so you don’t have to.
There is no doubt that Oddsmonkey offers the best customer service that a company can offer. Users are extremely happy with their support and the willingness of their staff to help people by email and phone.
They have remarkable matched betting software which gives them an edge over their competition. They have a highly competitive monthly fee, which is quite a bit cheaper than others in the industry. However, no one is perfect; we found a few cons:
- Sometimes they have fewer daily offers as compared to their competition.
- Their forum is not as active and engaging as it could be.
- They only have a few video tutorials to help through the betting process.
How much does it cost?
Users can choose between the free trial, the premium offer, or the new all-access plan.
The free version gives users access to three profit-making signup offer guides to get them started. Additionally, they provide basic support, a free version of the Oddmatcher tool, and the ability to earn up to £45.
As for the premium, you get way more than what you pay for. The new pricing for premium plans is £34.99 per month or £249.99 annually. With this plan, you get over 60 reload bonuses every week and over 50 sign-up offers that are worth at least £1,000 in profit. Not to mention, players get access to Oddsmonkey’s 37 tools designed to help players of all experience levels. Premium users receive customizable alerts for more opportunities to earn profits.
They also have access to a community of other matched bettors, along with support seven days a week from matched betting experts. If that’s not enough, you can ask for your money back within 30 days. Oddsmonkey stands by their 30-day money-back guarantee for those who are not completely satisfied with their experience.
Oddsmonkey is also launching the new all-access plan on April 23rd, with pricing at £49.99 monthly and £349.99 annually.
Here is the updated pricing chart:
|Subscription Type||Current Pricing|
|ALL ACCESS Monthly||£49.99|
|ALL ACCESS Annual||£349.99|
Please note that the ALL ACCESS plans are new and will be launching on April 23rd.
Frequently Asked Questions
How Money Can You Make With Matched Betting?
The amount of money you can make with matched betting depends on several factors, including the time you invest, the number of offers you complete, and your overall strategy. Here are some general guidelines to help you understand the earning potential of matched betting:
Starting out: As a beginner, you can expect to make around £500 to £1,000 within your first month by completing welcome offers from various bookmakers. The initial profit potential is higher because of the numerous sign-up offers available.
Ongoing earnings: After completing the initial sign-up offers, your earnings will mainly come from reload offers, which are promotions and bonuses for existing customers. With consistent effort, you can expect to earn between £300 and £1,000 per month. However, the amount you make will depend on the number of hours you dedicate to matched betting and your ability to find and complete profitable offers.
Advanced strategies: Some matched bettors explore advanced strategies, such as exploiting casino offers, each-way betting, and accumulator offers, to increase their income. This requires more experience and knowledge, but it can potentially increase your earnings beyond £1,000 per month.
Please note that these figures are estimates and can vary depending on individual circumstances. Matched betting profits are not guaranteed, and your success will depend on your ability to identify and complete profitable offers, manage your bankroll effectively, and dedicate enough time to the process.
What are the challenges of Matched Betting?
Matched Betting, while profitable and low-risk, comes with its own set of challenges. Some of the most common difficulties faced by matched bettors include:
Learning curve: For beginners, matched betting can be a complex concept to grasp. Understanding the process, terminology, and various strategies takes time and effort.
Time commitment: To be successful in matched betting, you need to dedicate a significant amount of time to research, finding and completing offers, and managing your bets.
Limited offers: Once you’ve completed the majority of the welcome offers from bookmakers, you may find that the number of profitable reload offers diminishes, potentially reducing your earnings over time.
Account restrictions: Bookmakers may impose restrictions on accounts suspected of engaging in matched betting, such as limiting stake sizes, excluding them from promotions, or even closing accounts. This is commonly referred to as “gubbing.”
Bankroll management: To maximize profits, matched bettors need to manage their bankroll effectively. This includes having sufficient funds available to cover liability at betting exchanges and ensuring that profits are withdrawn and reinvested as needed.
Emotional control: Despite being a low-risk strategy, matched betting can still involve fluctuations in profit and loss. Maintaining emotional control and avoiding impulsive decisions is crucial for long-term success.
Complexity of advanced strategies: As matched bettors progress, they may explore more advanced strategies, such as exploiting casino offers or each-way betting. These methods often require a deeper understanding of the betting industry and can be more complex to execute.
Tax implications: While matched betting profits are generally tax-free in some countries, such as the UK, it’s essential to be aware of the tax regulations in your country and ensure you’re compliant with any reporting requirements.
Which is better OddsMonkey or Profit Accumulator/Outplayed?
Ultimately, this comes down to personal preference. Both services offer extensive tools that will help with your matched betting journey. We’ve written a full comparison to help you make your choice.
Is OddsMonkey Free?
Oddsmonkey has free tools that you can use without subscribing. For example, the matched betting calculator. However, if you’re looking to get the most of the site, it’s highly recommended to sign up for the free trial in which you can make up to £45.
Oddsmonkey Review – Is It Worth it? Final Verdict
Oddsmonkey is worth the subscription for all experience levels of matched bettors. Based on their comprehensive features and tools, they can help matched bettors place bets with higher odds and find more opportunities with more offers, refunds, and reload bonuses.
The subscription cost is by far one of the cheaper options in the market and offers more value for its price. With the free trial alone, you can easily get started with matched betting and earn a decent income with their just free bets.
Even if you’re a complete beginner, Oddsmonkey has a full library worth of video tutorials and guides. If that’s not enough, you can always post your question to the forum or contact customer support for further help. With the advanced features they offer, it will save you more time and increase profits over time. We hope you enjoyed this comprehensive Oddsmonkey review.
Oddsmonkey Review 2022: Does Matched Betting Still Work?
The latest Oddsmonkey Review updated for 2022. Is Oddsmonkey still the best matched betting provider? We expose the truth behind Oddsmonkey.
Product Brand: Oddsmonkey
Product Currency: GBP
Product Price: 34.99
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