If you have arrived on this post its likely that you are looking to start matched betting or have already begun. In this Oddsmonkey review we will answer all your questions and show you everything that the service offers.
Is Oddsmonkey a good service to use for a beginner?
Can Oddsmonkey increase your matched betting earnings?
(updated video review)
(Use the code “SST50” For 50% off your first month)
Matched betting is without doubt one of the quickest, most efficient way to make a tax free income online. It is a very simple process and once learnt you can make thousands of pounds in profit using this strategy.
So the question is with several matched betting services out there which software offers the best value?
Oddsmonkey vs Outplayed is a discussion that arises often between matched bettors. For me personally as someone that has been matched betting for many years on a large scale there is clearly one service that offers the most value.
In this article I will be reviewing the Oddsmonkey premium service which costs £29.99 a month. Along with their all access software which costs £49.99 a month. Discounts are available on both subscriptions on an annual basis.
OddsMonkey have been around for a long time and originally just offered their excellent odds matching software as a subscription. Seeing the success of other matched betting services.
Odds Monkey decided to offer there own service.
This is the service I will be reviewing.
The OddsMonkey premium service offers a huge amount of useful software and applications for matched betting and arbitrage.
OddsMonkey Review
Table of Contents
Matched Betting Tutorial
For those that are new to matched betting and want to learn the ropes. Oddsmonkey offer an excellent tutorial explaining everything you need to know about matched betting.
Even including a free membership which guides newcomers through a step by step process of a few sign up offers. Completing these offers can net you a profit of up to £39 in tax free profit.
Oddsmonkey Review – New Customer Sign Up Offers
Oddsmonkey lists and updates regularly all of the best bookmaker sign up offers available. From these bookmaker sign up offers alone it is possible to make over a £1000.
The premium service gives you the exact instructions on how to extract money from these offers.
You can then use the Oddsmatcher software included with Oddsmonkey to find the best possible odds for your free bets. A subscription to Oddsmonkey allows you to go through the whole process as efficiently as possible. Whilst also highlighting any new opportunities that arise.
This is easiest way to start making money from sports betting and great way to build up some capital before you move on to the next set of methods.
Oddsmonkey Review – Bingo and Casino Offers
Bookmaker offers are the not the only focus of the Oddsmonkey service.
Oddsmonkey all access membership also highlights the best opportunities available from bingo and casino companies. Again the instructions are laid out very simply and are easy to follow.
The image above shows four highest value offers currently available in the new sections sign up of the casino section. Oddsmonkey explains the mathematics behind why these offers are so profitable and instructions are for each offer is explained in well written guides.
Whilst new offers are added and existing offers are also being updated frequently.
Oddsmatcher software (odds matching software for arbitrage and matched betting)
One of the stand out features of the Oddsmonkey premium membership is the Oddsmatcher software. The Oddsmatcher software allows you to to filter the odds, bookmaker, date. sport, betting exchange that you want to see.
This allows finding qualifying bets and odds matches for your free bets extremely easy.
The Oddsmatcher is extremely straight forward. It is quick at processing the information you input. Whilst it can also be used to find arbitrage bets and value bets. Oddsmonkey have really created an excellent piece of software with the Oddsmatcher software. its a joy to use.
Racing Matcher
Racing Matcher is a piece of software created by Oddsmonkey to make profiting from horse racing offers as easy as possible. There are so many bookmaker promotions on horse racing and Oddsmonkey’s racing matcher can help you pinpoint the best opportunities.
It highlights the races for the day. Which offers are available for each race. What the qualifying condition for the race is e.g free bet if a faller.
Then it shows you the current odds available at both bookmaker and exchanges. Showing you the potential profit or loss for the qualifying bet.
Again its all about speed and efficiency with the Oddsmonkey software.
The racing matcher allows you to take advantage of horse racing offers in the quickest possible way.
Each Way Pro
How much more software is there?
Oddsmonkey really go all out to provide everything you need for matched betting. This is the real benefit of using a paid matched betting service over trying to do it all yourself. The software provided helps you maximise your returns.
Lets take a look at Each Way Pro.
Each way betting involves backing horse in both the win and place market. Due to the way bookmakers calculate an each way bet it can be open to exploitation.
You can exploit these situations by guaranteeing a profit from backing at a bookmaker and laying with an exchange.
The Each Way Pro matcher highlights these profitable opportunities.
Calculates the stakes you need to make a profit and updates every 30 seconds. Meaning that any new matches will appear as the odds create a profitable eachway bet.
Extra Place Matcher
Often when there is a big horse racing festival. Bookmakers will offer a special promotion paying out extra places.
This then creates situations where you can back and lay a horse. Should they finish in that extra place spot for example 5th.
You can win both the back bet and the lay bet.
These opportunities can be extremely profitable. Oddsmonkey created the extra place matcher to take advantage of these scenario’s.
Highlighting the best extra place opportunities and doing all the calculations for you.
Matched Betting Calculators
Alongside all of the software mentioned above.
Oddsmonkey also provide 12 different matched betting calculators. Which cover pretty much every situation you find yourself in.
1.EV calculator
2. Each way calculator
3.Each way reverse calculator
4. Each way extra place calculator
5. Risk free equal profit calculator
6. Trigger bet calculator
7. Rule 4 calculator
8. Early payout calculator
9. Sporting Index calcultor
10. Dutching calculator
11. Unwanted lay calcultor
12. Win bonus calculator
Matched Betting Spreadsheets
Once you start matched betting and see how profitable it is. It’s likely that you going to start hitting hundreds of offers each month.
Keeping track of all these offers and your profit can be quite hard work.
Luckily Oddsmonkey provide 14 different ready to use spreadsheets formatted in Excel.
Simplicity, speed and efficiency for matched betting is the ethos behind Oddsmonkey. These spreadsheets again are an emphasis for this.
Acca Matcher (accumulator software that profits from bookmaker promotions)
Do you want to learn how to make money from accumulator offers?
The Acca matcher will show you exactly how to do that.
Whether you wish to take a value betting approach and let your accumulator bets run. Perhaps you prefer lay each bet sequentially to guarantee a profit.
Maybe you want to mix your approach and let your initial bets run and lay the last two.
Oddsmonkey’s Acca matcher does all the hard calculations for you.
Highlighting the most profitable opportunities available at the time.
Matched Betting Forum
The popularity of Oddsmonkey has grown and grown over the last few years. As this has happened so has the community. Oddsmonkey now has a very active forum with lots of helpful individuals giving out advice.
There are threads for beginners, threads pointing out profitable odds boosts, discussions on how to make the most of matched betting.
For those that want to become part of an educated matched betting community.
The Oddsmonkey forums are a great place to be.
Daily Offer Calendar
Recurring offers are pretty prevalent among bookmakers and casino’s.
The daily offer calendar captures all of these recurring offers. It then presents you with instructions on how to complete the offers. Along with an estimated profit upon completion of the offer.
Oddsmonkey Results 2024
Oddsmonkey has been a staple of my matched betting betting and value betting strategies for a very long time. Over the last 81 months I have been recording my monthly profit and loss.
Over that 81 month period a tax free profit of £183,663 has been made, however not all of that profit came from Oddsmonkey. As time has gone on other strategies have been adopted, in the first two years the majority of that profit was from using Oddsmonkey for matched betting and arbitrage. Adding casino offers and value betting after that.
Here are my results over the course of one year when I first started using matched betting and arbitrage.
April – £787
May – £91 (Made a mistake which cost me £300)
June – £548
July – £380
August – £1261
September – £892
October – £1139
November – £643
December – £578
January – £1113
February – £956
March – £1295
Even now in 2024 I still use Oddsmonkey to take advantage of any matched betting opportunities that come up.
Along with value betting opportunities that occur from boosts and each way bets.
Oddsmonkey Free Trial
Oddsmonkey do offer a free currently. This trial will show you how to earn up £39 for free.
Giving you access to the introduction guide which will show you step by step how make money from matched betting.
0% Commission Deals With Oddsmonkey
A huge benefit of joining Oddsmonkey in 2024 is their exclusive 0% commission deals that they offer. Currently if you want to get 0% commission with Smarkets or Betconnect they are exclusive to Oddsmonkey.
Smarkets is my preferred betting exchange and over the years I have saved thousands of pound sin profit by utilizing this 0% commission deal with pays for the subscription in itself.
Oddsmonkey Review – Still The Best Matched Betting Service In 2024?
Whenever I do a review, I like to highlight any negatives I find within a service.
But truth be told Oddsmonkey is really an exceptional service.
You get your value for money with OddsMonkey. It is really the complete package offering anything you need for matched betting.
There is a huge amount of content and useful software included in your membership. The website is very well put together and easy to navigate. For the new or advanced matched bettor. Oddsmonkey have really made it easy for you to find what you need very quickly.
Really what stands out about OddsMonkey is how sleek, efficient and easy to navigate everything is.
They have packed so much software and content into the service yet I was familiar with it all within a few minutes.
OddsMonkey have really done an excellent of providing the best aspects of what Profit Maximiser have done. Then added as much value as they can on top of that.
There isn’t anything bad about this service for £29.99 a month it is exceptional value.
Oddsmonkey Review
Final Verdict
Overall the service is excellent and I would highly recommend it to anyone that was looking to start matched betting it is the complete package.
For those that are experienced matched bettors the tools and software that come as part of the OddsMonkey package make life very easy.
This is without doubt the best matched betting service that I have used.
You should easily be able make much more then the subscription price of £29.99 a month using the Oddsmonkey Service
I look at it as an investment that offers a great return.
You can be making profits of over a £1000 a month using this software.
It gets top marks for me its a five star product and is highly recommended.
(This article features affiliate links. This means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I use or have used any product I review. If I recommend them it is because I believe they are helpful, useful and offer value to their customers. Please do not spend any money on these products unless you feel they will give you value or that they will help you achieve your goals.)
Oddsmonkey Premium
29.99
Pros
- Excellent value
- Matched betting software provided
- Suitable for beginners and experienced matched bettors
How long do accounts last for when matched betting
I have only had boylessport close my account the others will just remove your promotions.
Do you think matched betting will still be profitable next year. Lots of people saying it’s slowing down?
Its true that offers have slowed down in the last year or so.
Still plenty of money to be made though even if you just did offers at the weekend.
How much can I realistically make a month if I only do matched betting at weekends?
I think you would be able to make a few hundred a month. Depends how much time your willing to spend?
Good product but don’t expect the monthly earnings to last long. Your accounts drop like flies! I use Profit Maximiser focusing on casino systems only
Is there a Profit Max review on this site? Searched high & low but could not see it. TY & sorry for the duplicate post.
Hi Nick,
I do use Profit Maximiser so will put up a review soon.
I have been matched betting for a long time and although some accounts are limited quickly (Boylesport) others I had for years and am still eligible for bonuses.
I want to to thank you for this very good read!!
I absolutely loved every bit of it. I have you saved as a favorite to look at new things you post…
I was matched betting for a good 8 months, and then all of a sudden account were getting dubbed left right and centre to the point where I can’t get promo’s worth a damn with the main bookies that are used.
I’ve been stake restricted on pretty much all apart from Wills to the point that it’s not even with putting a 23p bet on anything.
I wasn’t even able to make anywhere near what others have made. I probably got £3200 out of it in the 8 months before it all went pear shaped.
That’s tough.
I have had some accounts that lasted years before eventually getting gubbed.
If you have the bankroll I would suggest moving on to casino offers.
Is oddsmonkey available in India?
Is it provide matched betting options for Football as well?
I don’t think it is
is there any apps like oddsmonky that are avaulable in India?
As I am from India, can I login to betting sites outside India and do the betting?