The struggle between bookies and punters is a tale as old as time. Bookies are constantly looking for ways to protect their profits, while punters are always looking for ways to stack up enough wins to gain financial freedom. With bookies carefully calculating their odds to stay ahead, it’s no surprise they’re tough to beat. And this is why strategies like matched betting have become popular among punters looking for a way to gain the upper hand.
However, for all the promise it holds, matched betting requires serious dedication and is time-consuming – you have to scan several bookies for the latest free bet offers, look for arbitrage opportunities on bookies and exchanges, and also track your bets. It all sounds so stressful, right? That’s where OddsMonkey comes in—offering tools, advice, and matched betting software to make the process even simpler. Curious to see if I could beat the bookies at their own game, I signed up with OddsMonkey and started my matched betting journey.
Here’s what I found out while using the platform.
OddsMonkey Ratings
- Overall Score: 4.86/5
- Bookie Coverage: 4.8/5
- Exchange Coverage: 5/5
- Matched Betting Features: 5/5
- Accuracy: 4.8/5
- Price/Value: 4.8/5
- Filters: 4.8/5
- Reliability: 4.7/5
- Customer Support: 5/5
Highlights
| Pros | Cons |
|---|---|
| Several tutorials and guides that are helpful to beginners | High risk of getting banned by multiple bookies |
| Interactive and helpful community forum | It takes longer to make a considerable profit if you’re starting with a lower budget |
| Excellent customer service | |
| Multiple matched betting tools | |
| Great free trial plan | |
| The site is easy to use |
Summary
OddsMonkey is run by a team of dedicated matched betting experts and this shows in the quality of service provided by the platform. The matched betting tutorials and guides explain the basics of matched betting pretty well, although I think more should be done to guide beginners on how to use tools like OddsMatcher.
The OddsMonkey site is user-friendly and tools like the profit tracker and offers calendar simplify what would usually be stressful activities. The OddsMonkey customer support is another strong point—I’ve had to reach out a few times, and they’ve always been quick to respond and resolve my issues.
OddsMonkey Introduction: What is it?
Matched betting is a clever strategy where you use free bets and bookie promos to cover all possible outcomes of a sports event, meaning you win no matter how things pan out. A typical matched bet has two parts – a back bet with a bookie using a promo offer, and a lay bet on a betting exchange to cover the opposite outcome. Sounds easy enough, right? But things can get tricky fast, especially if you’re combining and tracking multiple events. And this is where OddsMonkey comes in.
OddsMonkey matched betting strategies make it simpler for you. The software goes through top UK bookies to find the best free bet offers and provides suggestions on how you can place your back and lay wagers to profit from these promos.
Additionally, the platform provides several useful features, including betting calculators and a strong community forum where you can interact with other users to exchange bet ideas and share the best new offers at top bookies.
You don’t need to look for promos or spend hours researching new bookies in the UK. OddsMonkey promo code finder and the free bet locaters help you pick out offers, and then OddsMonkey matched betting shows you where to apply them, so you can unlock their potential.
Learn How OddsMonkey Works
OddsMonkey is simple to use – after registering, you use the platform’s offers hub to choose from the available free bet promos on top UK bookies to kickstart your matched betting strategy. You can choose from easy welcome offers, bet clubs, advanced welcome offers, guaranteed profit reloads, price boosts, 2UP Offers, and B.O.G Offers – it’s a long list of bookie offer categories, each designed to make you monthly profit. Each of these offers is well-detailed by OddsMonkey, and I found the intro videos for each offer type to be quite helpful.
OddsMonkey’s core offering is the OddsMatcher too, which provides the best odds for back and lay bets across several bookies and exchanges. OddsMonkey also has a partnership with Smarkets and Betfair, allowing you to directly lay bets on these exchanges with a click from the OddsMonkey website. If you’re a beginner who doesn’t understand the concept of matched betting, OddsMonkey has you covered with several comprehensive tutorials and guides that break down everything. You will be taught how to register with a bookie or exchange, provided with steps to claim bonuses, and tips on how much to lay and back on sports events. However, all this comes at a cost.
That said, OddsMonkey is a subscription-based service, so you must register and make a payment to get full access to their matched betting features and tools. You can either start with a limited free trial or jump straight into their premium service – I’ll provide more on this shortly.
OddsMonkey Services and Features – A Closer Look
OddsMonkey’s got so many matched betting features, and it got to a point where I was confused about which tools to use at the start! However, as I spent more time using the platform, a few key features started to stand out, and those quickly became my go-to options. Here are the top features I found myself using the most on OddsMonkey, which, to be fair, are all you need for matched betting success:
OddsMatcher
OddsMatcher is OddsMonkey’s primary software and does exactly as its name suggests – this tool pulls data from all the top UK bookies and betting exchanges, showing you the best odds for backing on a bookie and laying on an exchange. The idea behind the OddsMatcher is simple – OddsMonkey provides a list of sports events across different bookies, ranking them in order of offers that provide the best arbitrage opportunities. OddsMatcher summarises recommended bet types, the best available odds for backing and laying the bet across top bookies and betting exchanges, and the liquidity available for these events on an exchange.
One thing I loved was the direct links to these events on bookies and exchanges, which saved me from having to look around for markets on these platforms. Plus, OddsMatcher’s filters let me display specific sports, markets, or bookies. If you want, you can even adjust for market ratings and odds ranges.
While using OddsMatcher, I discovered that the closer the odds for a back and lay bet on an event, the higher the rating for such an event. And no worries if you’re unsure about the maths — OddsMatcher has a handy calculator tool that computes your estimated profit or loss – all you need to do is enter how much you wish to bet on the bookie, and this calculator automatically generates the optimal amount for you to lay, based on your personal betting strategy.
Other Matchers
You’d be forgiven for thinking OddsMatcher is the only matching software on OddsMonkey. However, as I quickly discovered, the platform is stacked with matched betting tools for all sorts of bets. There’s dutching matching software, tools for matched betting on horse racing, and even a shiny new tennis matcher. Here are my top picks from the lot of OddsMonkey matchers:
- Acca Matcher: If you’re not keen on picking out selections for your acca bet yourself, OddsMonkey’s Acca Finder is a brilliant tool. It automatically generates acca bets by comparing bookie and exchange odds across various sites, so you can just choose from a ready-made list.
I prefer a bit more control, so I tend to use the No Lay Acca Builder to calculate my acca’s expected value. With this, I can customise my bets by setting minimum or maximum odds, indicate whether my acca is two, three, four, or five-fold, and enter how long the acca will run. OddsMonkey also has Acca Builders that you can use to lay at the start, lay sequentially, or lay sequentially and then lock in profits.
- Racing Matcher: This tool lists horse races with free bet promos where you need to make an initial qualifying stake and then provides the best lay odds available across top exchanges. In most cases, the bookie’s free bet promo already specifies the back stake, so Racing Matcher simply recommends a lay stake that ensures you either avoid a qualifying loss or keep it to an absolute minimum.
- Extra Place Matcher: Similar to the racing matcher, OddsMonkey’s Extra Place Matcher lists horse racing events that have extra place promos on bookies. With this matcher, you can tell at a glance the best bookie to place a back bet and how much to lay on an exchange. What I liked is how it displays your liability for each lay option, so you know exactly how much you’re risking. Plus, the extra place profit is right there as well, showing you how much you could potentially bag if you win both the lay and back bets.
Betting Calculators
I’ve got to hand it to OddsMonkey, their range of betting calculators is top-notch, although it feels overboard considering you might not need most of them. The platform has a whopping 46 calculators – from arbitrage and dutching to early payout, multi-lay bets, and even cancelling out a lay bet you placed by mistake, they’ve got tools for pretty much everything! The best part about OddsMonkey’s calculators is that they are all free to use and not hidden behind registration walls – for instance, I didn’t need to sign up for the free trial or premium service to use the platform’s acca and each way bet calculators.
Since OddsMonkey is primarily about matched betting, I tried out their matched betting calculator and was impressed with how well this tool broke down the results from my inputs. You’ve got four bet types to choose from – normal, free with stake returned, free without stake returned, risk-free – and you can choose whether to calculate in simple or advanced mode. In simple mode, the calculator provided me with suggestions on how much to lay and my potential liability. But the advanced mode took things a step further with tips for underlay, standard, and overlay betting options.
Profit Tracker
It is easy to lose track of how many bets you have open and how much you’re making or losing from matched betting, which is what makes OddsMonkey’s profit tracker a lifesaver. Instead of having to manually input your entries every time, you can log your bets directly from OddsMatcher or any of the other matchers with the click of a button. From here, you can track the statuses of these bets and whether you have made a profit or loss once a bet is settled. The profit tracker also has a dashboard that allows you to see how much you’ve made or lost in the past three months and on any particular day at a glance.
Daily Offers Calendar
The Daily Offers Calendar is your one-stop shop for new and ongoing promotions that you can use for matched betting on UK betting sites and exchanges. Although offers are seldom updated daily as the name suggests, OddsMonkey staff continuously scour top UK bookies to update the calendar with new promos immediately they become available. The calendar itself is super easy to use, and with filters for offer types, skill levels, profit type (whether guaranteed or potential), and offer status (complete or incomplete), I didn’t have to waste ages scrolling through a long list of bonuses.
OddsMonkey Free and Premium Plans
OddsMonkey offers a free trial that allows you to take advantage of the platform’s matched betting services without paying an initial fee. Depending on your experience level, you can use the free trial as a beginner, intermediate, or advanced-level match bettor. I started as a beginner on the free trial plan and got access to tutorial videos explaining how matched betting works, and detailed steps to claim two signup offers worth £29 from Coral and Betfair.
However, OddsMonkey’s Premium Plan takes things up a notch. For £29.99 a month or £20.84 monthly if you opt for the annual plan, you get access to all of the platform’s matched betting tools, over 50 signup offers valued at £750+, weekly bonuses, and 0% commission deals from Smarkets. But that’s not all. The Premium Plan comes with 7 days of dedicated support from OddsMonkey’s betting experts, which is a step up from the basic customer support I got on the free trial. There’s also an All-Access premium plan, which costs £49.99 monthly or £349.99 yearly. All Access includes everything in regular premium plus several casino matched betting tools and bonuses.
One interesting fact about OddsMonkey’s premium plan is that the cost to renew your subscription continues at whatever the price was when you made your first payment – this means that if you subscribe to OddsMonkey’s £29.99 monthly plan today, you would continue to pay £29.99 monthly, regardless of any future price increases. However, this only applies if you don’t pause payments at any point.
Is OddsMonkey Worth the Cost?
From my experience using the platform, OddsMonkey is worth the cost, especially as it does all the heavy lifting needed to make matched betting simpler. As I quickly realised, the membership fee pays for itself when you start making profits. And when you think about it, the time you save by using OddsMonkey makes the £20-plus monthly fee a bargain.
OddsMatcher and the platform’s several other matchers saved me from the stress of having to manually compare odds across bookies and exchanges. And by sticking with top-rated events on the OddsMonkey matchers, which often provided profitable arbitrage betting opportunities, I was able to keep my losses to the bare minimum.
Instead of juggling spreadsheets to stay on top of my bets, the OddsMonkey profit tracker laid it out neatly for me, ensuring that I could devote more time to finding bonuses. Did I mention finding bonuses? OddsMonkey’s offers calendar collects all the relevant offers in one place, so I didn’t even need to go far to find free bets.
Who Can Use OddsMonkey?
OddsMonkey was primarily created for use by those of legal betting age in the United Kingdom and Ireland, which is why most of the offers on the site are from UK bookies and exchanges. But don’t worry, you can still access and use all of OddsMonkey’s calculators and tools even if you’re outside the UK.
However, the catch is that you’ll have to put in the work to find free bet offers from your local bookies, as you won’t be able to register with UK bookies and exchanges or benefit from their integration with OddsMonkey.
User Reviews and Testimonials
Curious about what others had to say about OddsMonkey, I had a little nosy around online reviews, and the feedback was overwhelmingly positive. OddsMonkey boasts an impressive average rating of 4.7+ out of 5 stars from hundreds of OddsMonkey TrustPilot reviews, which is a clear sign of the platform’s exceptional matched betting service.
Several users on TrustPilot praised OddsMonkey’s brilliant customer support, how easy it is for beginners to get started on the platform, and the range of betting tools available. The active OddsMonkey community also got plenty of love. There were a few grumbles, though—some users mentioned the OddsMatcher hyperlinks occasionally sending them to the wrong markets on the bookies. There were also a few complaints about OddsMonkey failing to cancel subscriptions and users getting charges as a result, but I have to give props to OddsMonkey’s customer service on TrustPilot for being quick to respond.
To double-check OddsMonkey’s rep, I also went through several Reddit threads, and most comments confirmed you can make decent money using the platform. That said, quite a few pointed out that it’s getting trickier to make money from matched betting with bookies cutting back on their bonuses, and I’ve got to agree with them on that.
OddsMonkey Community and Forum
OddsMonkey has built up a significant user base over the years, and this has grown into a highly interactive forum that’s exclusive to premium users. I must say, the OddsMonkey forum has become one of my favourite spots to hang out, with plenty of banter and chat going around. But it’s more than just laughs.
The community forum is packed with knowledgeable members and super helpful staff, all ready to answer any questions you’ve got about matched betting. There are loads of threads for beginners to help you get started on matched betting, sections for new and existing customer offers at UK bookies, and even a dedicated space for non-UK users to discuss bookie offers.
Can You Really Win Money Using OddsMonkey?
Matched betting is a tried-and-true method for making risk-free profits from bookie promos, and OddsMonkey takes the hassle out of it, letting you rake in the cash without breaking a sweat. I had my reservations when initially signing up with OddsMonkey, especially with the platform promising profits worth thousands of pounds – it sounded too good to be true. However, when I started getting the hang of placing back and lay bets with the platform’s tips, the profits started adding up. In no time, I recouped my monthly subscription fee and made extra on top.
That being said, to make decent money with OddsMonkey, it helps to have a bit of starting capital for your lay and back bets. You can also start small, but just bear in mind that it might take a bit longer to see bigger returns. Matched betting isn’t a get-rich-quick scheme, but if you’re consistent and use the resources on OddsMonkey, you will win money in the long run.
