Oddsmonkey is by far the most popular Matched Betting service, but is it the best? It’s time we did a full Oddsmonkey Review!
If you’ve been in the matched betting world for a while, you have probably heard about Oddsmonkey. That’s because they are the most used Matched Betting service out there.
Oddsmonkey isn’t free, but you can take advantage of the free trial they offer for the first time when you want to use the website. You can also use the free trial to take advantage of all their bookmaker offers, so essentially pay for your subscription afterwards.
In this article, we will give you an honest and detailed review of Oddsmonkey.
What is Oddsmonkey?
If you don’t know about matched betting, then you would have likely never heard of Oddsmonkey. In a nutshell, Oddsmonkey was designed as an odds matching software to provide users with matched betting opportunities.
The site was launched in 2016, and now gets around two million visits per month. Oddsmonkey allows you to find the best Bookmaker sign up offers and daily reload overs quickly and easily in one place. It also has a Price Matcher and all the calculators you need for Matched Betting. Basically, Oddsmonkey shows you the best free bet offers with bookmakers, and then shows you how to lay off on an exchange to lock in profit.
This software does all the work for you and all you need to do is follow the instructions given. You will find a video on the Oddsmonkey homepage that gives a very detailed guide on how to use their services. If you run into a problem, they also have 24/7 help; however, this is to be expected when you have to pay for the service. Their forum is quite helpful too, although it’s sometimes hard to follow and find what you need.
Oddsmonkey Tutorials and Guides
Oddsmonkey also had the best training tutorials that show you how matched betting works. This is important, as most people that 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.
People get really nervous when they are placing their bets for the first time. The Oddmonkey tutorials prepare you well. With its step-by-step video instructions it’s hard to go wrong, and if you run into an issue there is always the forum. It’s also worth mentioning that Oddsmonkey has another tutorial on other advanced methods of matched betting like acca’s and each way betting, but that’s really only for the advanced bettor.
Features Of Oddsmonkey
Oddsmonkey has a huge amount of features and helpful software. Some of our highlights are as follows:
- 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. Ideal for when you have an account closed with one! The Matcher is considered as the best in the market as it has the most bookmakers available and it’s also very quick and easy to use. How you use the Matcher is simple; you want to place a bet with the bookmaker to get your free bet but you want to find a ‘close match’ with the exchange so it doesn’t cost you much – you simply check the Odds/Price Matcher and have a long list to very close matches!
- New Offers Notifications – Daily Calendar
Most times bookmarkers alert you by emails 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, which is very handy. The Daily Calendar will have all the relevant offers each day, with daily reload offers available each day. You’ll see offers like “Bet £50 Get £50” 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.
- 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 different 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.
- Help and Support
You will find a lot of online resources where people discuss matched betting. Oddsmonkey has the largest online forum on the internet, but to be honest it is a little poorly laid out. 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 customer offers which are almost impossible to find in other matched betting forums.
Also, if you need assistance and can’t get the answer you need on the Oddsmonkey forum, the service has an active support service. 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 is 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.
- 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.
- 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. Oddsmonkey also offers Acca and each way offers, but this is also only for the very advanced bettor. Most matched betting users won’t avail of these services.
Is Matched Betting A Ccam?
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, and they include:
- Free Trial (with sign-up)
- Premium Plan – £19.99 per month
- Annual plan – £180.00 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 £45 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 tool, dutching tools, racing matcher, and daily offer calendar. You also get access to their community and support as a premium member. They have recently increased their prices to the current levels, with no signs of them decreasing their prices back to £17 anytime soon.
Pros and Cons of Oddsmonkey
There are a lot of benefits to using Oddsmonkey. Some of our top pros are;
- Beginners have access to great offers from matched betting.
- Their prices are reasonable considering how much you can make. Although there are free services out there will a lot of the same tools.
- 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.
There isn’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, and perhaps another con is the price considering there are free services out there. But other than that, the pros outweigh the cons.
If you’d like to try Oddsmonkey, click here to check their site out.
At the end of most Oddsmonkey reviews, it will suggest using Oddsmonkey is definitely worth it. We agree. The free trial is a good starting point, as you can use the site and see how it works for you. Starting your betting journey can be difficult and overwhelming, but the video tutorials make it 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 quick and easily. The daily calendar, price matcher and calculator are very easy to use for anyone with any gambling experience. To be honest, those three tools are the major tools and everything else is just a little added bonus that you probably won’t use anyway. You only want to find the best bets and make profit. We recommend giving Oddsmonkey a try.