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OddsMonkey Challenge: £1,500 in 4 Weeks? Preview - SportsTradingTools.co.uk

OddsMonkey Challenge: £1,500 in 4 Weeks? Preview

Matched Betting
OddsMonkey £1,500 Challenge

Hi guys! Neal here.

So, I decided to set myself a challenge to earn £1,500 in 4 weeks from Matched Betting with OddsMonkey – a matched betting service I’ve been using for just over a couple of months now.

I’ve used another matched betting service provider since I started, but after using OddsMonkey for my review I genuinely believe it is the best one out there for anybody new to matched betting because of its:

  • Low monthly and yearly subscription cost
  • The amount of awesome matched betting tools it offers means it is great value for money
  • They are a very reliable and reputable service having been in the matched betting industry since 2011

If you want to follow along on my challenge you can sign up for a free trial with OddsMonkey, by clicking the button below:

What’s My Background in Matched Betting?

I started matched betting around May 2014 so I’ve been at it a fair while and have made a lot of money from it. It has honestly been one of the most life-changing experiences i‘ve ever had. However, in June 2016 I started focusing my efforts on learning Sports Trading, and as the months went on I found myself less and less inclined to do any matched betting as I became obsessed with learning Sports Trading. (I’m a man and find it very hard to multitask, haha).

This meant that between pretty much November 2016 and now (Sept 2017) I stopped doing matched betting altogether. But now I have a reason to get back into it!

Why Am I Doing This Matched Betting Challenge?

I’m heading away to New Zealand in November and have a need to add to my savings before I land in the country. Whilst I know sports trading is going to take a while longer for me to become consistently profitable I thought I’d go back to matched betting for 4 weeks to make as much money as I can before I head off as it’s where I’m pretty much guaranteed consistent profits.

My Strategy

To be able to achieve £1,500 in the space of just 4 weeks (especially with so many sign ups already done and plenty of gubbings already handed to me) I’m going to have to have a strategy as to how to achieve this.

Here it is in all its (basic) glory:

My Bankroll

First up, I wanted to talk about my bank. I’ve settled on the idea that a £500 bank will be fine. Although this makes me a bit nervous as I’m used to having a much larger bankroll! This is why i‘ve outlined a weekly strategy that can be seen below because, quite simply, I’m going to have to put this bankroll to good use and use it in a strategic manner.

My Tactics and Weekly Strategies

For this challenge, I’ll be using Smarkets for their 2% commission. This will help me make a few pounds extra profit towards my £1,500 target due to the money saved in the 3% difference in commission between Betfair and Smarkets. Every little helps, right?

I’ve already signed up to Smarkets so their offer won’t be including in my sign-up profits, but if you’d like to follow along you can sign up to them and get £10 risk free, here:

Week 1: Bank Building – A Focus on Sign Ups

Target – £250 Profit

I’ve been at Matched Betting for over 3 years now and I’ve signed up to quite a few bookies. But there was a tonne I never done because I took advantage of the repeatedly good value in reload offers provided by the main ones like William Hill, Paddy Power, Bet365 and such.

Because of this I got lazy with doing sign ups, so I still have a load that I can do. I’ve estimated that the ones I have left are worth about £600 – so that still leaves me with £900 to make….

In the first couple of weeks I will be focusing on the smaller sign-up offers such as 188Bet’s Bet £10 get £20 in Free Bets, and 888Sport’s Bet £10, get £30 in Free bets as these will suit my bankroll. For example, I have never done 10Bet’s £200 Sign Up Bonus, but there’s no way I could tackle it in the first week with a £500 bank. I’ll have to wait until late in Week 3 to even think about attempting it as I’ll have to be confident I’ll have enough money in the bankroll to cover the potentially huge rollover.

You can see a full list of the sign ups I’ve already done at the bottom of this post. I’ve also provided a list of the bookies I’m already gubbed by and won’t be able to use for sports offers (although some still allow me to do casino offers).

Week 2 – More Bank Building Through Sign Ups and Introduction of Casino Reload Offers

Target – £350 Profit

This will be more of the same as the first week – doing more sign ups. However, I may start introducing Casino reload offers if any come my way either through being sent promotional emails or if I spot any on the OddsMonkey daily calendar.

Throughout this challenge, I will only be focusing on low-risk and medium-risk offers as this is not the time or place to be trying to ride out the huge variance that comes with high-risk casino offers in a 4-week challenge.

Week 3 – Continued Bank Building, Introduction of Casino Sign Up Offers and Bingo Sign Up Offers, Plus Continuation of Casino Reload Offers

Target – £450 Profit

By this time, I’ll be able to take on some of the larger value sign ups that I have left to do, plus the ones which are a little more difficult due to the rollover wagering requirements stipulated in their T&C’s (for example, Royal Panda’s £100 sign up offer of which the OddsMonkey instructions for can be seen below).

Royal Panda £100 Deposit Bonus
Royal Panda £100 Deposit Bonus

Week 4 – Completion of Big Value Sign Ups, Continuation of Casino and Bingo Reload Offers and Introduction of Acca Offers

Target – £450 Profit

By this stage, this is where compounding will have hopefully worked its magic and my bankroll should be around the £1500 mark (Consisting of the £500 bankroll and the roughly £1,000 profit I’ll have hopefully have made).

This would allow me to take on the high value sign up offers such as 10Bet’s £200 deposit bonus. I will also continue doing the casino and bingo reload offers whilst also tackling a few Acca Offers (of which I’ve never done too much of before!)

The Rules

Finally, I want to lay down some rules as to what I’m allowed to and not allowed to do. I want to make it clear that I will not be doing offers multiple times through what is known as multi-accounting/gnoming. Because if I was, and I had a large enough bank I’d probably be able to make £1,500 in just over a week.

  • The challenge will run from today (Friday 8th of September until Sunday 8th of October)
  • £500 Bankroll where I cannot overstretch my liability (I have a way of being able to ensure I can make the most of this and I’ll be sharing this tip with you in Week 1’s post)
  • Can only use offers that I find on OddsMonkey’s website or forum
  • No Skrill
  • Must include a variety of offers – Accas, Casino, Sign Ups and Bingo
  • Finally, NO MULTI-ACCOUNTING/GNOMING. I will not be doing any offer more than ONE time with any bookmaker

Bookies I’ve Already Signed Up To:

  • Coral
  • Betfred
  • Ladbrokes
  • Pokerstars/Betstars
  • Skybet
  • Stan James
  • Sun Bets
  • William Hill
  • Genting
  • Paddy Power
  • Bet365
  • Bwin
  • Grosvenor
  • Smarkets
  • Betdaq
  • Virgin
  • Gala Casino
  • Betway
  • Betsafe
  • BetVictor

Bookies I’m Gubbed By:

  • Ladbrokes (Just sports)
  • Skybet (Fully gubbed)
  • William Hill (Just sports)
  • Betfair (Just sports)
  • Bet365 (Just sports..I think, rarely used their casino stuff)
  • BetVictor (Fully gubbed)
  • Stan James (Just sports)
  • Paddy Power (Just sports)
Matched Bettor of 3+ years. Loves helping others find their path to what they really want to do in life. Started my Sports and Cryptocurrency Trading journey in June 2016. Bitcoiner.

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