OddsMonkey Review: Best Matched Betting Service?

Oddsmonkey is the most popular Matched Betting service around, but the big question is!

In 2024 is it the best matched betting software to use?

In this OddsMonkey review, we’re going to take a detailed look at the service giving you our honest opinion. If you’re looking to make money online, is this the matched betting service you should be using.

Oddsmonkey do have a free trial, so if you were looking to jump into matched betting straight away. Taking up this trial is a great option as it covers everything you need to know to get started.

What is OddsMonkey?

Launched over 10 years ago, OddsMonkey is a software and information company that helps its users make money online through matched betting.

They provide an end-to-end solution for the 300,000+ people who have signed up for their service. OddsMonkey works by highlighting the best bookmaker offers and promotions, sharing various methods and software tools to transform them into tax free profits.

The site is extremely easy to navigate and there are numerous guides which cover every aspect of matched betting. In fact, many of the people who use OddsMonkey have never even previously placed a bet.

Inside the premium version, you’ll find hundreds of offers like this…

For each offer, OddsMonkey gives you step by step instructions on making the optimal profit.

The matching software and calculators do all the difficult work for you so it’s often a case of “monkey see, monkey do” (excuse the pun). You’re not alone though with a thriving community forum where other users share their experiences, problems and tips.

If you run into a problem, they also have 24/7 help.

OddsMonkey Tutorials and Guides:

OddsMonkey offer the best training tutorials around explaining all the details of how matched betting works. This is important, as most people who come into matched betting don’t actually know anything about betting. That’s the true beauty of matched betting though; you don’t need to know anything about sport or betting when the software does all the work for you. All you need to do is place the bets.

See OddsMonkey’s tutorials and guides here.

People can get really nervous when they are placing their bets for the first time. The Oddmonkey tutorials prepare you well. With step-by-step video instructions, it’s hard to go wrong, and if you run into an issue there is always a forum to post your questions.

Features Of OddsMonkey Reviewed:

OddsMonkey has a huge amount of features and useful software to help you profit from matched betting. Some of our highlights are as follows:

1. Odds/Price Matcher

The Odds/Price Matcher tool will scan through hundreds of bookmakers to find the best bets you can place. The software is very fast, and you can also customize its settings, allowing you to switch between bookmakers, etc. This enables you to pinpoint exactly what you need very quickly and efficiently.

The Matcher is considered the best in the market as it has pretty much all bookmakers available. Giving you access to a huge amount of matched betting profits. How you use the Matcher is very simple; it allows you to find odds close together for your free bets and qualifying bets. Which allows you to extract the maximum amount of value from each offer.

2. New Offers Notifications – Daily Calendar

Bookmarkers will often contact you by email when new offers are available, but it can really be stressful having to sort through hundreds of emails in your inbox trying to decide which bet will be worth it. OddsMonkey does all the work for you.

The Daily Calendar will have all the relevant offers each day, with daily reload offers available each day. You’ll see offers like “Bet £20 Get £20” on the latest Premier League match or “Money Back if your horse finishes 2nd, 3rd or 4th” for example. Finding the best offers is easy when they are all listed in one place each day.

3. Matched Betting Calculator

OddsMonkey has a simple and trusted calculator. It basically does what it says on the tin, and has everything you need to work out what stakes to use. It’s difficult to go wrong, even if you’re new. The calculator is very easy to use and the tutorials show you how you can use the calculator in a way that it will guarantee you profits.

4. Help and Support

You will find a lot of online resources where people discuss matched betting tips.

OddsMonkey has the largest online matched betting forum on the internet. The site has a large community of users who are always there when you need help, one way or another. You will find over a million posts about various aspects of matched betting offers and strategies on the forum.

Also, if you need assistance and can’t get the answer you need via the OddsMonkey forum, the service has an active support service. People from OddsMonkey review the forum regularly so it’s not often a question isn’t answered. As always with forum, some posters are quite toxic but there isn’t a forum on the internet where that isn’t the case.

Their staff are always available, and you can even make a call to them. They understand that they need you to keep using their matched betting services, so they are always ready to give you all the support you need.

5. Profit Tracker

Another feature on OddsMonkey is that you can track all your profits made. This tracking helps you monitor your activities when betting, but you can also track in Excel or just not track at all. It depends on what you would like to do.

We would recommend tracking, especially as it’s easy to keep note of the bets you place, but it’s up to you.

6. Advanced Matched Betting and Casino Offers

OddsMonkey has a whole Casino select which can be used if you like casino betting. Casino offers are a lot more dangerous than sports betting offers because you run the risk of losing. With sports betting, the risk of losing is very low because you lay the bet off on exchanges. You can’t do that with Casino, so these offers are only for the very advanced bettor.

(Casino offers now come under Oddsmonkey new all access membership, which we will cover a little bit later.)

 

 OddsMonkey Software

Oddsmonkey has developed a distinct tool specifically for taking advantage of Extra Places offered by bookmakers in each way betting markets. This feature is the primary reason many many matched bettors subscribe to their service. The potential earnings from these opportunities are, quite frankly, astounding.

Extra Place races aren’t a daily occurrence; the best opportunities usually emerge during the weekends (or on big racing events). 

These races are unique. They happen when a bookmaker decides to pay out on an additional place—say, the 5th place instead of the usual 4th. Sometimes, they extend payouts to the 5th, 6th, or even 7th places on races like the Grand National.

By backing a horse each way and laying the same bet, you stand to win a substantial amount if your horse finishes in one of these extra places with OddsMonkey’s Extra Place matcher.

Accumulator Matcher:

With OddsMonkey’s acca matcher tool, there are several strategies to earn both immediate and sustained profits on your accumulator bets. It uses a similar algorithm to matched betting although the numbers are a lot more complicated (hence the tool is needed).

Acca offers, much like extra places, aren’t recommended for those new to matched betting – they’re more suited to intermediate matched betting players. With the acca matcher, there are several options to consider.

• Lock in a small profit early on for no risk
• Create a small qualifying loss for a larger potential return
• Take a larger risk in the short term for bigger results long-term (more advanced)

Earning a profit from the get-go is the preferred method of accumulator betting for OddsMonkey users because they offer returns on every bet.

Dutching Search Tool:

Dutching relies on placing a single back and a single lay bet, the idea being you spread several back bets across different bookmakers. We’ve got a full dutching strategy article here.

This strategy can enhance your profile as a casual bettor to several bookies simultaneously and can also facilitate the creation of arbitrage situations. The dutching tool greatly simplifies the process of identifying two or three bookmakers offering closely matched odds, enabling you to lock in a profit or incur a minimal qualifying loss while tackling reload offers.

Betting Exchange Integration – OddsMonkey Reviewed

It’s common for newcomers to feel bewildered by the concept of lay betting, which is completely understandable.

Oddsmonkey’s introduction of exchange integration has simplified and streamlined the entire process. Now, you can lay bets directly and automatically on Smarkets and Betfair through their matching tool. Manually entering data into a calculator for hundreds or even thousands of bets can be quite a laborious task.

This integration means that even for those who know how to compute lay stakes, the need to do so has essentially been eliminated…

When using the various tools you just need to click the ‘open’ tab on the software interface as shown above. A pop-up appears showing all the calculator functions and working.

You only need to enter your back stake in the calculator, which is the amount you wager with the bookmaker. The odds from both the bookmaker and the exchange are pre-filled, sparing you from inputting them manually. From here the OddsMonkey software will place your bet directly onto the selected exchange.

OddsMonkey All Access Review

The premium subscription gives you everything you need to start making money from matched betting. It allows you to build low risk tax free profits with beginner friendly strategies.

The all access subscription is for those that are looking to move on to an advanced level. After making significant profits already, having built up an understanding of how matched betting works. 

All access provides you with the following;

• 100 casino sign offer with estimated value of over £1000
• Weekly casino offers
• Advanced casino tools for individual offers
• Casino training content
• Access to each way pro software
• Access to best odds guaranteed matcher

The tools provided with Oddsmonkey all access are very valuable however beginners should start with the free trial and move on to the premium subscription first. Then once you have built up a nice betting bank and understand the opportunities available, move on to the all access subscription.

Getting 0% Commission With Oddsmonkey

Another big plus with Oddsmonkey is that memberships unlocks several 0% commission offers with a few betting exchanges. This increases your profit over the long term as you no longer have to pay commission on lay bets. On average this will save most matched bettors hundreds or potentially thousands of pounds over the course of a year.

• Matchbook
• Betconnect
• Smarkets

Are the three betting exchanges that you can get 0% commission deals with through Oddsmonkey.

Is Matched Betting A Scam?

This is a common question with a simple answer.

Matched Betting and OddsMonkey is not a scam. The site is used by many subscribers all over the world, and many other matched betting sites too. Just because bookmakers offer free bets to sign up new customers doesn’t mean you can’t profit from them. That is all Matched Betting is, profiting from bookmaker-free bets by using an exchange.

Is it a get-rich-quick scheme?

The mistake most people make is thinking they can subscribe to OddsMonkey to get rich quickly. OddsMonkey allows you to make tax-free cash but you do have to place a lot of bets. Usually most matched bettors make between £500 and £2,000 per month depending on how much work they put it. It’s like anything with life; you get out what you put in. All the money you get from matched betting is tax-free because the UK does not tax any profit made from gambling.

How Much Does OddsMonkey Cost?

OddsMonkey comes with three packages, they include:

• Free Trial (with sign-up)
• Premium Plan – £29.99 per month
• All Access (Casino software) – £49.99 per month
• Annual plan – £249.99 per year, All Access – £349.99 per year

The free trial period gives you a chance to see how well OddsMonkey works, and they advertise that you can make up to £39 from your bets on this package and access to an introductory tutorial.

The premium packages give you access to over a hundred tutorials, odds-matching tools, dutching tools, racing matcher, and daily offer calendar. You also get access to their community and support as a premium member.

Pros and Cons of OddsMonkey

There are a lot of benefits to using OddsMonkey. Some of our top pros are;

• Excellent Free Trial
• Beginners have access to great offers from matched betting.
• Their prices are reasonable considering how much you can make. 
• Premium members have access to more match betting tools including odds matching tool, dutching tools, racing matcher, and daily offer calendar.
• The site is very fast and reliable.
• They have a user-friendly site and tutorials that make matched betting look easy, plus 24/7 help.
• All Access Memberships moves onto advantage gambling and unlocks potentially thousands more in profit.

There aren’t many cons here.

Most of the complaints that customers had previously have been resolved on the forum. For example, they have now included more tutorial videos in the trial version and also provided a better interface for all their users. The developers keep updating the site to change with the times. Our biggest con is sometimes the forum can be hard to follow because of the layout. Overall however we rank Oddsmonkey as the best matched betting service currently available n 2024.

If you’d like to try OddsMonkey, click here to check their site out.

Review Conclusion – Is Oddsmonkey Legit?

If you are looking to start matched betting or get back into it after a hiatus then Oddsmonkey is excellent. The free trial is a good starting point, as you can use the site and see how it works for you. Starting your matched betting journey can be a stressful though for some, but the video tutorials make getting started as easy as possible.

If you are a professional or have some experience in gambling, the premium package will be the best option for you. You’ll get up to speed using their site very quickly and easily.  The daily calendar, price matcher and calculator are very easy to use for anyone with any gambling experience. If you are completely new their are tutorials to guide you every step of the way.

Overall we fully recommend giving OddsMonkey a try.