I spent three months testing Odds Bandit using real money to see whether it could actually help me find profitable sports betting opportunities.
Rather than simply looking at the software and giving you my opinion, I wanted to put it through a proper test.
Quick Results
- Starting bankroll: £5,000
- Staking plan: Fixed Stake (to win £50)
- Total bets: 592
- Total staked: £21,243
- Average CLV: +6.76%
- Profit: £596
During the three month test I placed 592 bets, staked £21,243 and recorded an average closing line value (CLV) of 6.76%. I also finished the test with a profit of just under £600.
The results weren’t perfect, and there are some important limitations to my test (sample size), but overall I was impressed with Odds Bandit.
In particular, I found that it was able to identify value in some markets that my existing betting software wasn’t finding.
So, is Odds Bandit worth the money?
For serious value bettors who have access to enough bookmaker accounts, I think it is definitely worth testing.
In this Odds Bandit review, I’ll explain exactly how the software works, the different strategies you can use, my three month results, the pros and cons, pricing and whether I think you should try it.
What Is Odds Bandit?
Odds Bandit is sports betting software designed to scan betting markets and identify potentially profitable opportunities.
Instead of manually checking dozens of bookmakers and comparing their prices, Odds Bandit does the searching for you.
There are three main ways you can use the software:
- Value betting
- Arbitrage betting (sure betting)
- Pinnacle odds drops
I focused my own testing primarily on the value betting side of the software.
However, the other features are also worth understanding because they could be useful depending on the type of betting strategy you use.
How Does Odds Bandit Work?
One of the main selling points of Odds Bandit is its ability to compare bookmaker prices against Pinnacle.
Pinnacle is widely regarded as one of the sharpest sportsbooks in the betting industry, meaning its odds tend to react quickly to information and betting activity.
Odds Bandit scans Pinnacle and compares its prices with the odds available at other bookmakers.
The software currently covers 42 bookmakers, primarily targeting UK and European bettors.
The basic idea is simple:
Find a bookmaker offering significantly higher odds than the sharp market.
If the difference is large enough, Odds Bandit flags the selection as a potential value bet.
This isn’t a revolutionary concept. Value bettors have been doing this for years. What matters is the speed at which you can identify these opportunities. This is one area where I found Odds Bandit particularly impressive.
Odds Bandit Value Betting
Value betting is the part of Odds Bandit I was most interested in testing.
If you’ve followed Smart Sports Trader for a while, you’ll know that value betting is a strategy I strongly believe in and one I’ve personally used extensively.
The principle is straightforward. You’re looking for situations where the odds being offered by a bookmaker are higher than the “true” probability of the outcome occurring. For example, imagine the sharp market suggests a selection should be priced around 2.00.
If another bookmaker is offering 2.20, that could potentially represent value. The difficulty is finding these discrepancies quickly.
This is where software such as Odds Bandit can save a huge amount of time.
Pinnacle as the benchmark
Odds Bandit uses Pinnacle as its sharp bookmaker benchmark.
It then compares Pinnacle’s market with the prices available at its other supported bookmakers.
The software also shows the expected value (EV) of the selection and the Pinnacle limit.
The Pinnacle limit is useful because it gives you an indication of how much money it would take to move the market.
This is particularly important in smaller markets.
A £200 limit market can be considerably more volatile than a market where it would take £6,000 to move the odds.
Therefore, I wouldn’t simply look at the biggest EV number and automatically assume it is the best bet.
The quality and liquidity of the underlying market matter too.
Does Value Betting Guarantee Profit?
No.
This is something I think is extremely important to understand before using Odds Bandit or any other value betting software.
Finding a value bet doesn’t mean the bet is going to win.
You can place a genuinely excellent value bet and still lose. In fact, you can lose a large number of value bets in succession.
This is simply variance.
The objective isn’t to win every individual bet.
The objective is to consistently place bets where the odds are higher than the true probability of the outcome occurring.
Over a sufficiently large sample, the mathematical edge should begin to show. This is also why I place so much importance on closing line value.
If you’re consistently beating the closing price, that’s a much more useful indication that your bets are being placed at advantageous prices than simply looking at whether your latest 50 or 100 bets won.
Odds Bandit Arbitrage Betting
The second major feature is arbitrage betting, also known as sure betting. Arbitrage betting works by finding different bookmakers offering sufficiently different prices on opposing outcomes. For example, imagine one bookmaker offers 2.55 on Over 5.5 Goals while another offers 1.71 on Under 5.5 Goals.
If the prices are sufficiently large, you can split your stakes between both outcomes and potentially guarantee a small profit regardless of the result.
In the example I looked at during the video, a £100 total stake could generate a guaranteed profit of approximately £2.50.
That might not sound like much, but arbitrage bettors aren’t necessarily looking for huge returns from individual bets.
They’re looking for repeatable, low risk opportunities.
Is arbitrage betting better than value betting?
I don’t think there is a simple answer to this.
Arbitrage betting is generally less volatile because you’re covering the possible outcomes and locking in a small profit.
The problem is that bookmakers don’t particularly like customers who consistently exploit price discrepancies.
As your betting history becomes more profitable, your stakes can be restricted or your account can eventually be closed.
Value betting has much greater variance, but I believe it offers more long term potential.
You’re effectively choosing the best price rather than betting into multiple bookmaker margins.
For that reason, my preference is value betting.
Pinnacle Odds Drops
The third major feature of Odds Bandit is the Pinnacle Odds Drops section.
This monitors movements in Pinnacle’s prices.
You can apply filters based on factors such as:
- Percentage odds drop
- Betting limit
- Market conditions
For example, you might see a player move from 2.32 to 2.24 in a market with a $6,000 limit.
This can be useful if you have access to bookmakers that aren’t covered by Odds Bandit or if you have a betting strategy based around following sharp money.
It’s effectively giving you another way of monitoring what is happening in the sharpest part of the market.
My Three Month Odds Bandit Test
This is probably the most important part of this review.
I didn’t simply sign up to Odds Bandit, look around the software and decide that I liked it.
I used it with real money for approximately three months.
I focused exclusively on the value betting functionality.
I didn’t use the arbitrage betting feature or the Pinnacle odds drop functionality as part of my results test.
My staking was designed around attempting to win approximately £50 per bet.
Because some of my bookmaker accounts were already restricted, this wasn’t always possible.
My results
Here are the headline figures from my test:
| Metric | Result |
|---|---|
| Testing period | 3 months |
| Bets placed | 592 |
| Total stakes | £21,243 |
| Average CLV | 6.76% |
| Profit | £596 |
Overall, I finished the test in profit.
However, there is an important caveat.
I actually finished below the expected value during this particular sample. That might sound like a negative, but I don’t think it is.
Why being below expected value isn’t necessarily a problem
Around 600 bets isn’t a particularly large sample when you’re dealing with value betting.
You can have a genuine edge and still finish substantially above or below expectation over a relatively small number of bets.
The larger the sample becomes, the more you would expect actual results to converge towards the underlying edge.
I’ve personally experienced this many times with value betting.
You can have periods where the results look fantastic and periods where almost everything appears to go wrong.
That’s why I wouldn’t judge a value betting strategy purely on a three-month, 592-bet sample.
The 6.76% average CLV was much more encouraging to me.
Which Markets Performed Best?
One of the interesting things about my Odds Bandit results was the performance by market.
The European handicap market was one of the strongest performers during my test.
I found some particularly large edges in European handicap markets, especially with the Sky Bet Group.
On the other hand, total goals didn’t perform particularly well.
This is something I’ve also noticed with other value betting software.
There were situations where Odds Bandit would flag selections such as Under 1.5 Goals, but when I checked the price against the betting exchange, the exchange price sometimes suggested that the apparent value wasn’t quite as strong as it initially appeared.
This is an important point.
You shouldn’t blindly bet every selection a piece of software gives you.
The software is a tool.
Understanding the markets and being able to perform additional checks can still be extremely valuable.
Odds Bandit User Interface
Another area where I was impressed was the user interface.
I found Odds Bandit very straightforward to use.
I was able to jump in, select the recommended filter and start looking for value bets almost immediately.
You can also customise the filters depending on how you want to bet.
For example, you can adjust:
- Sports
- Bookmakers
- Pinnacle sharp limits
- Minimum EV
- Odds ranges
During my testing, I used a minimum EV of 3.5%.
This level of customisation means you’re not forced to take every opportunity that appears on the screen.
You can tailor the software around your own betting strategy.
Odds Bandit Betting Tracker
Odds Bandit also includes functionality for tracking your bets.
You can manually enter bets and the software will track their progress.
The majority of bets are settled automatically, although some may require manual settlement.
There’s also live tracking and an analytics section where you can analyse your results.
The software also has a status section that lets you know if any bookmakers are currently unavailable.
There are also bankroll management features, including the ability to enter your bankroll and receive staking suggestions.
The Biggest Drawback of Odds Bandit
There is one major drawback to Odds Bandit, although it isn’t really a problem with the software itself.
It’s the same problem faced by virtually every profitable betting strategy:
Bookmakers don’t want winning customers.
If you consistently identify value and take advantage of bookmaker pricing errors, you should expect your accounts to eventually be restricted.
Your maximum stakes can become smaller and smaller, and eventually an account may be closed altogether.
This is simply part of trying to make money from sports betting with traditional bookmakers.
There is no magical value betting strategy that allows you to consistently beat soft bookmakers while they happily let you continue increasing your stakes.
The software can find the bets.
The difficult part is having enough accounts and liquidity available to actually get the money down.
Odds Bandit Pricing
At the time of my test, Odds Bandit was offering a 7-day trial for £1.
After the trial, the subscription was approximately £70 per month (80 Euros).
That’s broadly in line with what I’d expect to pay for serious value betting software.
However, whether it’s good value for you depends heavily on how much you can actually bet.
If you’re restricted to tiny stakes across most bookmakers, paying £70–£80 per month for software isn’t going to make much sense.
On the other hand, if you have a decent selection of bookmaker accounts and can consistently get money down, the you are going to find Odds Bandit a very worthwhile subscription.
Pros & Cons
Pros
- Very fast at finding value bets
- Uses Pinnacle as a sharp market reference
- Covers 42 bookmakers
- Excellent for UK and European bettors
- Strong performance in handicap markets during my test
- Easy to use interface
- Highly customisable filters
- Includes arbitrage betting
- Includes Pinnacle odds drop monitoring
- Betting tracking and analytics
- Can complement other value betting software
Cons
- You will still need bookmaker accounts to place the bets
- Winning accounts will eventually face restrictions
- Some apparent value bets require additional checking (Under/Over 1.5 goals)
- Smaller markets can be more volatile
- The monthly subscription won’t make sense for everyone
Is Odds Bandit Legit?
Based on my experience testing the software, yes, I consider Odds Bandit to be a legitimate piece of betting software.
I’ve used it with real money and placed hundreds of bets through the opportunities it identified.
The software isn’t promising guaranteed profits and it shouldn’t be viewed as a magic button that simply prints money.
What it does is automate a process that would otherwise take a huge amount of time.
It scans bookmakers, compares their prices with a sharp market and highlights potential opportunities.
That’s exactly what I want value betting software to do.
Is Odds Bandit Worth It?
I think Odds Bandit is worth trying if you’re serious about value betting and have access to enough bookmaker accounts.
My three month test was profitable, with just under £600 profit from 592 bets.
More importantly, I recorded an average CLV of 6.76%, which is encouraging because consistently beating the closing line is one of the metrics I use to assess whether I’m genuinely getting an edge.
However, I wouldn’t look at my results and assume that you will make £600 in three months.
Your results will depend on:
- The bookmaker accounts you have available
- Your available stakes
- The markets you bet
- Your selection criteria
- Your staking strategy
- Variance
- How much volume you can generate
Final Verdict
Odds Bandit gets a recommendation from me, the software is very fast and easy to use. There are multiple ways to make money from it and my 3 month test was a success. The fact that there is also a 7 day trial to test out the software is a big incentive.
Odds bandit
£70
Pros
- Fast
- Efficient
- Profitable
Cons
- Needs Soft Accounts