For me, OddsMonkey is still the go-to for a complete matched betting service. The developers of the original matched betting software offer easy to follow tutorials, brilliant support and a great range of matched betting tools. However, certain tools need updating and the mobile app is poor.
- Great tutorials & guides
- 1-to-1 support
- Great value for money
- Mobile app is poor
One-minute OddsMonkey review
OddsMonkey has long been the go-to for the best matched betting tools and the membership platform continues to grow in popularity.
The customer support is second to none with friendly, knowledgeable staff offering brilliant 1-to-1 training.
The OddsMonkey tools and software are very powerful and help you maximise your profit. However, certain tools such as the OddsMatcher could do with a facelift. The software is a bit long in the tooth compared to Profit Accumulator’s recently updated odds matching software.
The daily offers calendar is updated regularly with a wide range of matched betting opportunities to suit matched bettors of all experience.
The OddsMonkey mobile app is poor at best and I would avoid using it unless absolutely necessary.
Matched betting introduction
Matched betting is a betting strategy you can use to make risk-free cash from bookmakers’ free bets and promotions.
This method is used by thousands of bettors throughout the UK and other countries to beat the bookmakers and make some extra cash each month.
As you can see, matched betting is incredibly popular and has been featured in various articles and websites.
Matched bettors use their profits to pay off student debts, pay for that dream holiday or just to have some extra money in the bank.
However, the matched betting process will seem quite complicated at first.
Back in 2015 when I first got started, it took me days before I was confident enough to place any bets. There’s a lot to take in and get your head around especially if you’re new to betting.
Initially I couldn’t understand how placing risk free bets was possible.
With the right help, however, you can get up and running in a matter of days and start making risk free cash.
And that’s what OddsMonkey does.
OddsMonkey is a comprehensive service that includes tutorials, guides and tools that help you understand and maximise your profit from matched betting.
I have been using it for quite some time and it’s one of my favourite betting services out there.
In this review I want to show you why you need help with matched betting along with what you can expect to find inside OddsMonkey.
The links to OddsMonkey in this review are affiliate links, so if you learn something useful and are interested in the tool, feel free to buy through it and support the site.
Let’s dive in!
Why do you need help with matched betting?
Matched betting can be quite a difficult concept to grasp, especially if you’re just getting started and are new to betting.
With various bet types and 100s of bookmaker offers out there, knowing where to begin is tricky.
Sure you can find free information on the internet and take advantage of some of the easier sign up offers. But I guarantee you’ll end up wasting a lot of time trawling through countless websites with very few results.
Why? Because that’s what I did!
Whilst I got there eventually, I could have been a lot further down the road if I had access to a matched betting service.
There are various reasons why you need help with matched betting. The three most important ones I can think of are:
1. Easy to follow tutorials
When you’re just getting started, matched betting may seem quite confusing. There’s a lot of new concepts and ideas to get your head around especially if you’re new to betting.
Having access to easy to follow tutorials and guides from experts will help you get to grips with matched betting more quickly.
2. Find the latest and greatest offers
Which bookmakers offer the best promotions? Which offers are actually worth taking advantage of?
The aim of any matched bettor is to complete as many bookmaker offers and promotions as possible. The more you complete, the more money you can make. As simple as that.
Finding these offers is not always that easy however. With hundreds of bookmakers’ websites to check and thousands of promotions to choose from you need to know what you’re looking for.
It’s also a time consuming process!
Knowing which offers to take advantage of and actually make you a profit will help get the most out of matched betting and save you a lot of time and effort.
For example if you know that thousands of other matched bettors have successfully taken advantage of a certain offer you know you should probably do the same. (Example)
3. Matched betting tools
In order to profit with matched betting there are some very complicated calculations you need to make in order to place your bets risk free.
These calculations are very difficult to do manually without the specialist tools and software available today.
Once you know what to bet on and how much to stake, the whole process becomes a lot easier.
OddsMonkey is a fantastic service. It will provide you with all the information, tools and support you need. However, it won’t do the work for you.
In order to get results and beat the bookmakers you still need to take action and place bets on a regular basis.
Too many people buy these kinds of tools with great intentions and never take any action.
Don’t be that person.
Who is OddsMonkey not for?
OddsMonkey is a great service but it’s not for everyone.
OddsMonkey is not for you if you want to gamble with your bets. Matched betting is a proven strategy to make risk free cash each month and has nothing to do with gambling and sports betting as you may know it.
I suggest you steer clear of the service if you fall into the above category.
What’s inside OddsMonkey?
OddsMonkey has been around for a long time. They were the original creators of the software that all matched bettors use nowadays.
However, until fairly recently that’s all they provided. In the last few years they’ve expanded their service a huge amount. It’s now an all in one matched betting service that guides you through the whole process.
OddsMonkey claims they offer the ‘best value matched betting service in the UK.’ I think we’ll be the judge of that!
How to get started with OddsMonkey
One of the things I love about OddsMonkey is that they’ve built the entire site with beginners in mind.
Jargon-free tutorials and step by step guidance help make matched betting easy to follow and understand even for complete beginners.
The sign up process is very straightforward so we won’t spend much time on it.
Once you’ve confirmed your email address you have the option of a free or premium account. The premium subscription costs £24.99 per month or £180 per year (a saving of just under £120 when you pay annually).
OddsMonkey also offers a 30 day money back guarantee if you aren’t 100% satisfied with the service.
I recommend you get started with a free account and see how you get on with OddsMonkey and matched betting. You have the option to upgrade at any point later on.
With a free trial OddsMonkey will guide you through the entire process from opening your first betting accounts to completing your first three offers.
You’ll also have access to a basic OddsMatcher in order to complete these offers.
If you get lost at any point, support is never far away. You can get in touch via email or join the free Facebook Group.
You can see the profit I made from my first three offers below.
By following the exact steps in the free tutorials I made a total profit of £54.
Matched betting software and tools
Matched betting wouldn’t be nearly as profitable without access to various tools and software.
All premium members have access to the following tools:
- Daily offer calendar
- Matched betting calculator
- Horse Racing Matcher
- Extra Place Matcher
- Acca Matcher
- Dutch Matcher
- Profit Tracker
Daily offer calendar
Once you’ve completed all of the bookmaker welcome offers, you can start taking advantage of ongoing promotions for existing customers. These are called reload offers.
With help from specialist software, the team at OddsMonkey scour the internet finding the latest and most profitable reload offers.
These offers are then uploaded to the daily offers calendar along with a difficulty rating so you can find the offers which are right for you based on your experience.
Matched betting calculator
One of the most important tools that we use on a daily basis is the matched betting calculator.
This isn’t your average calculator!
There’s some very complex maths going on behind the scenes.
This simple looking calculator shows us exactly how much we need to bet as well as the amount of profit we’ll make from the offer.
The tutorials and guides show you exactly how to use the calculator along with what figures to enter.
Another tool that is key to matched betting success is the OddsMatcher. This tool helps you find the best matched betting opportunities, saving you time and effort.
The software finds, sorts and compares odds from 100s of bookmakers and betting exchanges.
The OddsMatcher does all the hard work for you and shows you the best matches between the bookmaker and exchange helping you to maximise your profit from each offer.
The OddsMatcher is incredibly powerful yet easy to use. You can filter results by bookmaker, betting exchange, sport or market.
OddsMonkey is all about making things easy. You can even connect your Betfair or Smarkets account and place your lay bets directly within the OddsMatcher software.
This saves you the hassle of having multiple screens open and can avoid any costly mistakes that you could make when entering the figures.
Horse Racing Matcher
One of my favourite tools at OddsMonkey is the Horse Racing Matcher. This software is designed to spot any matched betting opportunities on horse racing events.
There are hundreds of reload offers available on horse races every week meaning there’s plenty of potential with this tool.
Extra Place Matcher
For more advanced matched bettors, the Extra Place Matcher will help you take advantage of promotions on each way bets.
Each way bets are essentially two bets in one. One for the horse to win and the other for the horse to place, usually in the top three or four positions.
In certain horse races, the bookmakers will offer extra places in an each way bet. So rather than paying out the top 4 positions, they may pay out the top 6 or 7.
Using matched betting, extra place offers can be very lucrative when done correctly. There’s also very little risk with this strategy especially when you use a tool like the Extra Place Matcher.
If you’re just getting started with matched betting I suggest you come back to extra place offers a little later. These offers are more advanced and require a solid understanding of matched betting.
Another tool at OddsMonkey is the Acca Matcher.
This tool is designed to help you profit from accumulators. Similar to each way bets, accumulators can be very profitable when done the right way.
And that’s where the Acca Matcher comes in. It’s split into two parts: the Acca Finder and the Acca Builder.
The Acca Finder works by scanning up to 100,000 accumulators and categorising them based on the expected value or profit you’d make over a longer period of time.
This tool does all the heavy lifting. It means we don’t have to scan terms and conditions or check qualifying leagues on hundreds of bookmakers’ websites.
Whereas the Acca Finder creates accumulator offers for you, the Acca Builder lets you build your own.
Similar to the Acca Finder, the software works out the expected value of your accumulator and allows you to change certain aspects such as teams and leagues etc.
For a long time, matched betting with accumulators (and other methods) was virtually impossible when done manually.
So thanks to OddsMonkey is all I can say!
Similar to the extra place offers, dutching or dutch betting is a more advanced strategy. I recommend you come back to this strategy when you’re confident with basic matched bets.
However, it’s still worth considering in our review as it’s another useful tool that will help you maximise your profit long term.
Dutching is similar to backing and laying. Your stake is split proportionally so your returns are the same no matter which selection wins. The only difference is that you don’t place any lay bets.The Dutch Matcher software at OddsMonkey spots opportunities where the back odds are close together allowing you to make a guaranteed profit.
OddsMonkey has a handy tool for those that are interested in tracking how much profit you make with matched betting.
The built-in profit tracker keeps a record of all the offers you complete and how much you make. You can easily check daily, monthly and all time profits with the click of a button.
This is great if you’re looking to reach a certain profit target or you want to track which offers are generating the majority of your matched betting income.
Overall, the tools and software available at OddsMonkey are very powerful and make matched betting far more profitable.
As you become more experienced with matched betting and look to maximise your earnings, you will start using these advanced tools more often.
If I have one criticism, certain matched betting tools could do with a refresh both in terms of their functionality and aesthetics.In particular, the OddsMatcher is a little long in the tooth. Especially when compared to Profit Accumulator’s new and updated odds matching software.
I have to admit, the OddsMonkey support team and network is the best in the industry. They are outstanding and nothing is ever too much hassle.
Whether it’s help with those initial offers, showing you how to place a bet, explaining the difference between a back and a lay bet – all the things that seasoned matched bettors might take for granted, you can ask.
As you can see below, other members speak very highly of the support staff at OddsMonkey.
Leaving a 5 star review, one customer said ‘the website is very user friendly and the staff are excellent – they always have the answers to my queries and are super quick in responding.’
Overall, the support available at OddsMonkey is second to none and is what really sets them apart from the competition.
OddsMonkey forum and community
There might be a time when support staff aren’t available. That’s where the OddsMonkey forums and community come into their own. It’s great being able to talk to those that are in the same boat as you 24 hours a day.
Have a question that you’ve been dying to ask a fellow matched bettor? Want to join in with matched betting discussions? Fire away in the OddsMonkey forum.
It’s an active bunch of like-minded individuals all looking to help each other and beat the bookmakers. And with millions of existing posts, you’re bound to find the answer you’re looking for.
What’s more, staff and other moderators look after the forum, keep everything up to date and regularly post the latest offers and advice.
The forum is built for both matched betting beginners and seasoned pros meaning your needs are catered for no matter what level you’re at.
OddsMonkey mobile application
Now for the pain point of the OddsMonkey service. The mobile app!
OddsMonkey offers members access to a mobile app for both iPhone and Android users.
The aim is to help with matched betting on the go. For times when you’re out and about and want to place your matched bets from your mobile device.
You can access various matched betting calculators along with the following:
- Daily offers
But in short, it’s just awful.
It’s all very clunky and the calculators are very glitchy.
I’d much rather open Chrome and pull up the website than use the mobile app.
Beating that, I recommend you place your matched bets on a desktop. It’s much easier having a larger screen and multiple different tabs open rather than switching between apps on your phone.
As you can see from the image above, the OddsMatcher tool is quite challenging to use on mobile devices.
OddsMonkey success stories/social proof
OddsMonkey has great customer reviews on various websites such as reviews.io and Trustpilot.
On the website, Reviews.io they are rated at 4.81 out of 5 and 97% of reviewers recommend OddsMonkey.
Below are some of the comments members have left over the past few weeks:
“Oddsmonkey is a great site to help people make money. What they offer would be impossible to do myself!”
“Excellent tools for making matched betting more efficient, with useful guides to bring on a Newbie to the next level.”
“I highly recommend Oddsmonkey and happy to pay for the premium service. What you pay for the subscription you easily get back! It’s a win-win situation.”
You can find more reviews by clicking here.
It’s great to see that the OddsMonkey team cares about their customers and what they think of the service.
OddsMonkey have done a really great job with their matched betting service. They provide everything you need to succeed at matched betting and present the content in an easy to understand manner.
They also offer the best support in the industry which is a huge bonus in what can be quite a challenging concept to grasp for any beginners out there.
Whether you’re a matched betting beginner or a seasoned pro, you’ll find great value in OddsMonkey.
Click the link below to get started today.