OUR VERDICT4.5 out of 5
OddsMonkey – the developers of the original matched betting software – still take the limelight in 2020. Offering easy to follow tutorials, brilliant support and a great range of matched betting tools, OddsMonkey is the best site around if you want to take your matched betting to the next level.
Great value for money
Certain tools need updating
Mobile app is basic
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Two-minute OddsMonkey review
OddsMonkey has long been the go-to for the best matched betting tools but the membership platform continues to grow in popularity in 2020.
The customer support is second to none with friendly, knowledgeable support staff offering brilliant 1-to-1 training should you require it.
The OddsMonkey tools speak for themselves and are incredibly useful for maximising your profit in 2020. However, certain tools such as the OddsMatcher could do with a refresh. 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 bettors of all experience allowing you to continue making money once you’ve completed the sign up offers.
The OddsMonkey mobile app is basic but does provide essential tools for matched betting on the go such as various calculators and odds matching software.
Should you not be satisfied with the OddsMonkey platform, they offer a no questions asked refund within the first 30 days.
In-depth OddsMonkey review
OddsMonkey is a very popular choice for individuals looking to make money online.
But should you sign up with OddsMonkey and is it worthy of all the hype in 2020? Here are some of the things we’ll look at in this OddsMonkey review:
And much more!
Ready? Let’s get started.
What is OddsMonkey?
To kick off our OddsMonkey review, let’s look at what the platform actually is and what it offers.
When you first head to the OddsMonkey website, you’ll find the heading ‘Make Money Online With OddsMonkey’.
Sounds great. But how is that possible?
OddsMonkey helps individuals profit online using a technique called matched betting which we’ll come onto in a second.
The website provides tutorials, guides and tools to help individuals get started and maximise their income.
So what’s this matched betting all about?
Matched betting introduction
Before we go any further with our OddsMonkey review, it’s important you understand the basics of matched betting.
We won’t go into too much detail in this review, as you’ll learn most of this over at OddsMonkey.
Matched betting or double betting as it’s sometimes called is a method of making risk free cash from bookmakers free bets and promotions.
As you may know, the bookies offer a huge range of bonuses and other free bets for both new and existing customers. Take a look at this example below.
Betconnect offers £50 in free matched bets for customers who register a new punter account.
This is a typical offer you can find at many online betting companies. At the time of writing, there’s more than £1000 in free bets waiting for you to profit from.
Matched betting is incredibly popular and there are thousands of individuals up and down the country who use this strategy to make a second income online.
So how is this process risk-free?
You might be thinking this all sounds great but how is matched betting risk-free in the first place?
Matched bettors use a process called back and lay betting which allows you to place your bets without any risk.
In simple terms, you place two bets that cancel each other out:
- Back bet at the bookmaker
- Lay bet at a betting exchange
By using arbitrage, you can make a guaranteed profit from bookies free bets in the process.
Don’t worry if you’re confused about the matched betting process at this stage, the beginner tutorials over at OddsMonkey do a brilliant job of explaining everything.
Next up in our OddsMonkey review, let’s check out the benefits of using the platform.
Below are just some of the advantages of using OddsMonkey to make money online with matched betting.
- Great support and community
- Brilliant matched betting tools
Let’s look at each of these in more detail.
One of the things I love about OddsMonkey is that they’ve built the entire platform with beginners in mind.
From the layout of the member’s area to the jargon-free tutorials, everything is incredibly easy to follow and understand.
So whether you’ve never placed a bet before or you’re opening another bookmaker account, you’ll be in safe hands. The tutorials guide you through the entire process from start to finish.
If you’re anything like me, you want to get started with new things as quickly as possible.
With OddsMonkey, that’s made incredibly easy. If you’re up to it, you can place your first matched bets and earn your first £64 within a few hours of signing up for a free trial.
How awesome does that sound…
Support plays a big role in the quality of a matched betting service. And this is an area that OddsMonkey is very hot on.
The support available at OddsMonkey is certainly the best in the industry. I can’t praise the support team enough. They are outstanding and nothing is ever too much to ask.
To give you an example, all premium members have access to a 30 minute one to one training session with a matched betting expert.
So whether it’s helping you navigate 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.
If that’s not enough, OddsMonkey also offers email support Monday to Sunday – 9am to 7pm.
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 super quick in responding.’
Overall, the support available at OddsMonkey is second to none and is what really sets them apart from the competition in 2020.
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? Then why not fire away in the OddsMonkey forum.
It’s an active bunch of like-minded individuals all looking to help each other out. 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.
Overall, OddsMonkey has built its platform with complete beginners in mind making it easy to get started no matter what level of experience you have.
Brilliant matched betting tools
A matched betting site isn’t complete without access to brilliant tools and software.
Having developed the original odds matching software, OddsMonkey understands the importance of creating and developing new tools to make things that little bit easier and more profitable.
All premium members have access to various tools such as:
- Matched betting calculator
- Horse Racing Matcher
- Extra Place Matcher
- Acca Matcher
- Dutch Matcher
- Profit Tracker
Matched betting calculator
One of the most important tools that all bettors use on a regular basis is the matched betting calculator.
This isn’t your average calculator…
Enter the required figures and it shows you exactly how much you need to bet as well as the amount of profit you’ll make.
I guarantee you’ll soon be in love with the OddsMonkey calculator.
Another tool that you’ll come to love is the OddsMatcher.
In order to maximise your profit from each offer, the OddsMatcher shows you the best matches between the bookmaker and exchange.
OddsMonkey has been developing this tool for a number of years meaning it’s incredibly powerful yet easy to use.
You can compare odds from over 90 bookmakers and 4 betting exchanges which is great for your matched betting. You can also filter the results by the bookmaker, betting exchange, sport or market saving you a lot of time and effort.
Another great feature of the OddsMatcher tool is betting exchange integration. Simply connect your Smarkets or Betfair account and you’re able to place your lay bets directly from the tool.
This has a number of benefits and makes the whole process much easier. You don’t even have to open your exchange accounts or enter any figures.
This means you’re far less likely to make any costly mistakes. Overall a brilliant tool that makes matched betting incredibly easy.
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 each week. This tool finds the most profitable offers and helps you take advantage of them.
Extra Place Matcher
Another brilliant tool that OddsMonkey offers is the Extra Place Matcher.
To understand this tool, we first need to look at 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, there is a lot of potential with extra place bets. There’s also very little risk with this strategy especially when you use the Extra Place Matcher.
Using the tool allows you to maximise your potential when it comes to these offers.
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.
Yet another brilliant tool on offer at OddsMonkey is the Acca Matcher.
This tool is designed to help you profit from accumulators using various methods. It’s split into two parts: the Acca Finder and the Acca Builder.
The Acca Finder works by scanning up to 100,000 accas at one time and categorising them based on the expected value or profit you’d expect to make over a longer period of time.
This tool is brilliant for bettors as it removes all the hard work. Everything is done for you so there’s no need to scan terms and conditions or check qualifying leagues etc.
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, leagues and much more.
Similar to the extra place offers, dutching or dutch betting is a more advanced strategy. However, it’s still worth considering in our review.
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 dutching software at OddsMonkey spots opportunities where the back odds are close together allowing you to make a guaranteed profit.
When it comes to tracking your overall profit, OddsMonkey has you covered.
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.
You can also track which offers are generating the majority of your income so you can fine-tune your matched betting strategy.
Overall, the tools available at OddsMonkey are very good. 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.
In my opinion the tools and software available at OddsMonkey are still the best in the industry. They’re incredibly easy to use and make the whole process more profitable.
Why not test the tools out for yourself? Get 12 days membership for just £1 using the code ‘OM12FOR1‘
OddsMonkey mobile application
OddsMonkey also offers premium members access to a mobile application for both iPhone and Android users. This is great for when you’re out and about and want to place your matched bets from your mobile device.
You can access various matched betting calculators without needing to log in to your account. However, to access the following premium features you will need to log in.
- Daily offers
Whilst the OddsMonkey app is quite basic, it does what it needs to and is great for matched bettors who like placing bets on the go.
However, if possible I still recommend you place your matched bets on a laptop or desktop. It’s much easier having a larger screen and multiple different tabs open rather than switching between mobile apps on your phone.
As you can see from the image above, the OddsMatcher tool is quite challenging to use on mobile devices.
How much does OddsMonkey cost?
So how much does all of this cost?
OddsMonkey premium membership is currently just £19.99 per month. Alternatively, you can opt for a yearly subscription (£150) and save yourself over £89.
When you consider how much you can make from matched betting, OddsMonkey is incredibly good value.
OddsMonkey vs competitors
OddsMonkey’s two main competitors, Profit Accumulator and Matched Bets both charge the same amount making OddsMonkey even more valuable in 2020.
OddsMonkey money-back guarantee
OddsMonkey is that confident you’ll love their service, they offer a 30-day money-back guarantee. If you’re not 100% satisfied, they will refund your first purchase no questions asked.
So you really have nothing to lose when it comes to trying OddsMonkey.
The question that everyone wants to ask is how much profit can you make with OddsMonkey?
Unfortunately, I can’t give you a definitive answer to this question. It really depends how much time you invest and which bookmaker offers you take advantage of.
What I can share is stories of existing members and how much profit they make. On average most matched bettors at OddsMonkey make between £500 and £1000 each month.
There’s a great deal of profit to be made when you first get started with matched betting. As a new customer, there’s a huge range of bookmaker sign up offers to take advantage of which OddsMonkey walk you through.
However, the long-term potential of matched betting is also very exciting. Once you have accounts with all the bookmakers, you can take advantage of the reload offers (offers for existing customers) and continue to profit each month.
One of the great things about matched betting is that there’s zero tax to pay on any winnings. Therefore you get to keep all the profit you make with OddsMonkey for yourself.
Who is matched betting for?
Next up in our OddsMonkey review, we’re going to look at who matched betting is for.
The great thing about matched betting is that literally anyone can take part. You just need to meet the following criteria:
- Be at least 18 years old
- Live in the UK
- Have your own personal payment method
If that’s you, you can get started with matched betting today. No more waiting around for your next paycheque, get earning now.
Matched bettors come from all walks of life and they include:
- Stay at home parents
- Die-hard matched betting fans
Matched betting is a great way for students to make some extra cash while they study. You don’t even have to leave your flat or halls.
Surely that beats a shift at your local pub?
Making money on your own terms is what matched betting is all about and it fits in perfectly with student life.
Stay at home parents
Are you bored at home with the housework already done? Why not supplement your income with some tax-free income?
Similar to students, matched betting is very popular with stay at home parents looking to make some easy money online.
Die-hard matched betting fans
Last but not least, you’ve got the die-hard matched betting fans who would still be matched betting during a zombie apocalypse.
Maybe not, but you get the point…
OddsMonkey is brilliant for experienced bettors looking to take their earnings to a new level. With advanced strategies and tools, you’ll always have more profit to make.
As you can see, matched betting really is for anyone who wants to make money online.
OddsMonkey success stories
You can’t write a review without including some real-life opinions and experience from existing members.
What I love about OddsMonkey is that they are very open and transparent with their reviews. You can read customer reviews directly from their homepage.
On the website, Reviews.io they are rated at 4.81 out of 5 and 97% of reviewers recommend OddsMonkey.
The OddsMonkey team really care about what their customers think of the service which is great to see. 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.
Do you need a matched betting service?
Next up in our OddsMonkey review, we’ll look at whether you need a matched betting service in the first place.
It’s a common question, especially with individuals who have little experience with betting.
In short, I thoroughly recommend you sign up to a matched betting service for the following reasons:
- Matched betting can be challenging at the start
- It allows you to maximise your earnings
- It’s time-consuming to go at it alone
There are other benefits of using a matched betting service as we’ll see below, but these are the key considerations.
Matched betting can be challenging at the start
By nature, match betting is not easy to grasp. It often takes beginners a couple of days or longer to understand the main concept of back and lay betting and how it works.
With access to a matched betting service like OddsMonkey, you’ll have in-depth tutorials and guides that will walk you through the entire process from start to finish.
If you get stuck with anything, help is never far away, taking all the stress out of matched betting.
So, whether you’re struggling to open a new bookmaker account or place your first each-way bet, you’ll be in safe hands.
The support available at matched betting sites is something you shouldn’t overlook and will come in very handy once you get started.
Maximise your earnings
Matched betting is no longer a slow, manual process. There are various tools that bettors can use to increase the efficiency of matched betting.
As we’ll see below, quality matched betting sites offer a wide range of tools and software to help bettors maximise their earnings.
It’s time-consuming to go at it alone
Matched betting can be a time-consuming process but by using a service like OddsMonkey you can focus on the things that matter, completing the latest offers.
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 make. It’s as simple as that.
However, finding these offers is not always that easy. Especially when you consider there are hundreds of online bookmakers all offering similar promotions.
Sites like OddsMonkey employ dedicated systems and teams to bring together all the latest introductory offers (for new customers) and reload offers (for existing customers).
It’s also important to note that not all matched betting offers are worth completing. Matched betting sites calculate the profitability of each offer and work out whether they’re worth it.
Knowing which offers you should complete is your number one priority and is made incredibly easy with sites like OddsMonkey.
Never underestimate the time it takes to find the latest offers. This is certainly one of the best features of a matched betting service once you’re up and running.
Overall, if you’re serious about making money with this strategy, I think using a matched betting service is essential.
So should you get started with OddsMonkey in 2020?
If you want to start matched betting, I thoroughly recommend you sign up to OddsMonkey.
Here’s a quick recap of the main benefits OddsMonkey offers:
- Brilliant beginner tutorials and guides
- Expert support staff to help you along the way
- Advanced tools for serious bettors
And much, much more…
Whether you’re a matched betting beginner or you’re a seasoned pro, you’ll find OddsMonkey very useful.
I can’t recommend OddsMonkey enough! Why not sign up for a free trial today?