OddsMonkey is a popular choice for thousands of individuals throughout the UK and it’s a great way to make money online.
But if you’re just getting started, you may have a few questions about how OddsMonkey works and what’s in it for you.
In this article, we’ll answer your 7 most popular questions regarding OddsMonkey.
Let’s get started.
1. What is OddMonkey?
OddsMonkey is a platform that helps individuals make money online in their spare time.
However, it’s also possible to make enough money for a great second income or even a full-time income.
So what does OddsMonkey do?
OddsMonkey provides tools, resources and information to help you make money with a process called matched betting.
Match betting is a method of making money from bookmakers free bets and promotions. Check out this article for more information on how matched betting works.
OddsMonkey really comes into its own when you’re just getting started with making money online.
They provide all the help you could wish for and even offer 1-to-1 training. So if you’re having trouble with a certain concept or you’re confused about what to place your bets on, your answer is never far away.
So how much money can you make with OddsMonkey?
2. How much money can you make?
A popular question regarding OddsMonkey and matched betting is how much you can make from this strategy.
The short answer is that it totally varies between different individuals. Needless to say, it’s possible to make up to £1500 each month using matched betting.
However, to get to this level you’ll need to invest a lot of time and effort.
On average, most matched bettors make around £500 per month.
Furthermore, it’s important to use a tool like OddsMonkey to help you maximise your earnings. Check out our full OddsMonkey review here.
3. Is matched betting legal?
Another popular question is whether matched betting is even legal in the first place.
In short, matched betting is 100% legal.
Bettors simply take advantage of bookmakers free bets with a strategy that guarantees a win, regardless of the outcome of their bets. There’s nothing illegal with this process.
Don’t take my word for it? Here’s what Graham Sharpe from William Hill said about matched betting.
“It’s a free bet and you can do what you like”
Whilst not all bookmakers are fond of matched bettors, it’s still a legitimate way to make money and win more bets.
4. What is the OddsMatcher tool?
One of the great things about OddsMonkey is the huge range of tools and software they’ve created to make your job that much easier.
One of these tools is the OddsMatcher.
Arguably the most important piece of software, the OddsMatcher helps you pick the best markets to place your bets on and ultimately allows you to make more money.
Check out this article for more information on OddsMonkey’s OddsMatcher.
5. How much money do you need to start with OddsMonkey?
So how much money do you need to get started with matched betting and OddsMonkey?
In short, there’s no one set amount. It varies from person to person.
OddsMonkey suggests you have at least £50 to get started. However, if you have it, I recommend you start with slightly more.
As with most things, the more money you can put into matched betting, the better. It gives you options as you move forward and allows you to complete more offers at any one time.
6. Is it easy to make money with OddsMonkey?
As you can see, OddsMonkey is a great option for those of you looking to increase your earnings. But individuals are often interested in how easy making money with OddsMonkey really is.
Let’s not dodge the bullet, there’s a learning curve with matched betting. You’ll need to get your head around new betting concepts and terms.
But if you’re willing to invest a little time and effort, you’ll soon be earning a great second income from matched betting.
What’s more, using a matched betting service like OddsMonkey will only make the whole process easier.
Overall, it’s relatively easy to make £500 per month and much more if you’re willing to invest the time and effort.
7. How much is OddsMonkey?
OddsMonkey is a brilliant tool that will certainly help you increase your matched betting earnings.
So how much does the tool cost?
OddsMonkey charges just £17.99 for a premium membership. When you consider everything you get for that price, including all the tools, it’s great value for money.
What’s more, OddsMonkey pays for itself almost immediately meaning there’s very little risk. But if that’s not enough, OddsMonkey also offers a money-back guarantee.
So if you decide OddsMonkey isn’t for you within the first 30 days, they will refund your first payment, no questions asked.
How awesome is that? You don’t have anything to lose!
OddsMonkey also offers a free trial where you can test out the platform and make up to £45 in the process.