OddsMonkey Matched Betting, established in 2011, was originally a software tools website that licensed the use of its tools out to other matched betting communities. But in 2016 they decided to branch out and became one of the leading communities in the industry in their own right.
OddsMonkey is now one of the most popular communities in the industry and has made a lot of people a substantial online second income through the popular process of matched betting.
How Does OddsMonkey Work?
The premise is the exact same as the other matched betting service communities out there.
As a provider, OddsMonkey teaches subscribers how to do this process through training videos and written guides. In the beginning, you will learn how to work through a string of the low-hanging fruit that is bookmaker sign-up offers from which you will make hundreds of pounds. After this, the OddsMonkey team will, on a daily basis, find and inform their members of the best value offers to be found so that you can keep profiting time and time again.
What Do I Get with OddsMonkey?
Subscribing to OddsMonkey gets you access to the full site which includes:
- Full matched betting training in the form of 100+ written guides and video examples
- Links and full instructions to over 50+ bookmaker sports sign-up bonuses (worth over £1,000) and 15+ casino sign-up offers
- New offers every day, displayed on the daily calendar
- Full forum access
- Full customer support along with the option to book one-on-one sessions through UberConference
- Access to 3 software tools to help you make consistent, long-term daily profits
What Ways Can I Use OddsMonkey?
I will split this section into 2 sections, ‘Getting Started’ and ‘Main Features’, as there is a lot on offer.
As soon as you subscribe to OddsMonkey you get access to the following which you should complete first. These will:
- Help you learn the process of matched betting
- Take you through the process of the sign-up offers which are the easiest to profit from
- Take you through Casino offers where big money can be made
- Teach you some other tricks and tips
The Start Here Guide
This covers 4 tutorials that will teach you the very basics of matched betting and get you doing your first few matched bets. This teaches you all you need to know about why it works, how it works and how to understand certain basic terminology used in the everyday process. These come with written instructions and most come with video examples or explanations.
At the end of this section there are two guides which will take you through your first two matched bets which will make you roughly £40-45. These come with video examples so it is quite hard to put a foot wrong. This will prepare you for taking on the next string of offer where you will make hundreds of pounds.
50+ Bookmaker Sports Sign-Up Offers
Once you’ve got to grips with the process you have a list of bookmaker sign-up offers that you can get stuck into. In the main, these are logically ordered with the smallest value offers building up to the larger offers. They are also grouped by difficulty level and offer type, so you won’t get confused by jumping from one offer to the next that has different terms and conditions.
It’s recommended that your initial profits are reinvested into your bankroll so that you can tackle the larger offers. The more money you have, the faster you can make money. Simple.
A lot of the listed offers have video examples – quite incredible really. This will be of great benefit to those who are completely new to the concept of matched betting as some hand holding is always appreciated in the early stages.
There’s also a complete set of guides to reload offers that will be available from time to time with the bookmakers you’ve signed up to.
Throughout, you can tick ‘completed’ boxes so that the tutorial/offer is removed from the list. This is a great way of tracking your progress.
If you’ve never signed up to any of the 50+ bookmakers listed on site then there is a potential risk free profit of £1,000 awaiting you.
15+ Casino Sign-Up Offers
Again, these come with full written instructions and are laid out strategically with the risk-free and lower risk offers to be completed first. There is also a casino guide to start you off so you can understand the basics of casino offers and why and how matched bettors can extract value from them. This is a written guide and with the other sites I’ve been a member of it would have been great if there was also a video explaining this as I think it would be easier for newbies to grasp. However, I’m sure this may be something the OddsMonkey team are working on.
There is a complete written guide to Bingo and 8 offers to take advantage of with full instructions. There are no videos in this section and I feel this would be a beneficial addition – even if it was just one example video.
Access to the Forum
With a thriving community, there is plenty of action on the website forum. Members and moderators post offers they’ve found and discuss all the details that go with it. You can ask any questions here. This is also a place where people motivate others by showing what they have achieved and what they have spent their extra money on. It’s a great place to get some inspiration… if you need any.
After you’ve completed the initial stages so that get you familiar with the concept, matched betting service providers offer a range of tools which will help you:
- Make long-term, consistent daily profit
- Learn to use new techniques and strategies which will boost your profits
- Ease you into more even more advanced methods
The features that OddsMonkey offer are:
I find that this is an important and necessary part of any service provider’s website as it allows you to truly keep a track of what reload offers you can take part in for the day and tick off which ones you have completed.
In the top right corner, members can filter what offers they’d like to see. If you wanted to only do the low-risk/guaranteed profit offers you could.
Clicking on an offer brings up instructions for how to complete it and make your profit. However, I do feel that OddsMonkey is missing a trick here with their software capabilities. On the Profit Maximiser calendar the offers have the oddsmatching software displayed underneath the instructions with the best odds relating to that specific event.
This form of matched betting software finds all the best value matched bets for you automatically. It pulls the odds from almost every bookie you can imagine, plus the odds from all the betting exchanges and finds which odds are the closest – this is a powerful tool for 3 reasons:
- The closer the odds match for your qualifying bets the lower your qualifying losses. This equals more profit in the long term.
- The closer the odds match for your free bet conversions then the higher amount you will be able to extract from the bonus. Again, this equals more profit long term.
- It saves you from trawling through every bookmaker site and betting exchange to find the best odds matches yourself. This is one hell of a timesaver and allows users to free up their time which can be spent making more money by doing more offers.
The software on OddsMonkey looks like this:
As you can see from the filter image the data can be filtered in a multitude of ways so you can find bets which fit your criteria. If you click the calculator icon to the left it’ll bring up a calculator where you can type in your stake at the bookmaker and it will fill in all the calculations for you.
As mentioned at the start OddsMonkey is the king of this kind of matched betting software as they created it and have licensed it out to a number of vendors.
August 2017 Update: OddsMonkey have now also introduced a game-changing feature called Betfair Integration. this means you can place your Betfair Exchange lay bets without even having to leave the OddsMonkey calculator – saving even more time! For more info check out their 1minute YouTube video about the new feature or read the blog on their website:
The Racing Matcher and The Tennis Matcher Software
My minor gripe about the calendar not displaying matches relating to the offer event is offset slightly by these two excellent pieces of kit.
This is pretty much the same as the Oddmatcher Software but filters by horse races for the current day only. With a lot of horse racing offers to be had on a daily basis this is a great time saver which finds the best odds matches for you throughout the day. This automatically updates for users.
The Eachway Matcher
This is essentially an arbing tool that is specific to Each Way bets on Horse Racing only. This is a great way to make some guaranteed profit as arbing on Each Way bets is not quite as frowned upon by the bookies as straight up arbing is.
Accumulator Matched Betting is another form and is slightly more advanced. With many bookmakers offering ‘Money Back if One Team Lets You Down’ style accumulators this has become a popular money making method.
I’ll not go into too much detail about the ins and outs of it as it’s pretty much a whole system on its own, but there are full instructions and training videos available to subscribers where you can learn this advanced form. I wouldn’t recommend it for beginners, though.
Advanced Calculators and Spreadsheets
There are a range of Advanced Matched Betting Calculators available for those who are familiar with some advanced methods. These include:
- EV (Expected Value/Equivalent Value) calculator
- Each Way Calculator
- Each Way Reverse Calculator
- Each Way – Extra Places
- Risk Free Equal Profit
Whilst some of these are slightly simplistic (such as the EV Calculator) it’s hard not to suggest that OddsMonkey may be gearing up to rival some other products in the industry which are targeting at a more advanced level of customer. However, this is just my own speculation.
Support and Training
Each section has detailed written instructions and a number of beginner videos to show varying examples of how each aspect of matched betting works. You shouldn’t go wrong here, but if you do, then help is always on hand through the forum where moderators and fellow members will help with any query.
If that isn’t enough you also have the option to email the team, visit a FAQ section or to even book a one to one session with the Customer Training staff. The one to one sessions are held through a video conferencing service called UberConference meaning that the two parties involved can screen share – this is a great way to help any customers with their queries.
OddsMonkey have the motto that ‘no question is a stupid question’ and this is an environment where everything is set up to help their customers succeed.
OddsMonkey was one of the first sites to engineer matched betting software that allowed service providers to cut out all the hard work involved in matched betting. As such it dramatically improved the industry and made it so much easier and quicker for people to make profits. Now, as a website that is a service provider in their own right, they have created a fantastic platform which means that anyone who signs up to the service will be able to profit straight from the off.
What if I’ve already signed up to a load of bookmaker accounts – will the sign up offers on the site be of any use to me?
Don’t worry, there are many more listed on OM that I doubt you’ll have even heard of – the gambling industry is just that competitive. At the time of writing OM has over 50+ with instructions to each. Plus, the long-term value comes from the reload offers that bookmaker’s send you once you’re signed up to them – OM will teach you how to turn these into cash.
What’s the customer service like?
It’s hard for me to comment on this as I’ve never used it but I’ve heard and seen mainly positive feedback. If you have any experience of the OM customer service then please drop a comment below with your opinion.
What if I work full time – would I have time to complete the offers?
The majority of the offers listed are not time specific. You often have a few days to get around to doing them. Many of the people that use sites like these work full time and use them as a hobby which makes them a tidy second income.
How much can I make?
There’s no simple answer to this one – it really depends on how much time you’re willing to put in. But many members on the forum comfortably make upwards of 10k a year.
Have you any tips or advice?
Yes, take your time. Learn each piece bit by bit and grow your knowledge – this is the way to reach your maximum profit potential.
I’m afraid to tackle casino type offers… why should I do them?
Trust in the maths and it will reward you with handsome profits. See the casino and slots offers as a longer-term investment. Start off with the risk-free or smaller offers to find your comfort levels. If you haven’t already, watch this YouTube video: