OddsMonkey Review

When it comes to matched betting, time is everything. Completing offers efficiently before moving on to the next one is essential to maximise your hourly profit. When considering a premium matched betting service, it’s about weighing up your time saved and extra profit against the additional cost of the service itself.

A premium matched betting service generally offers tools that a free site like mine cannot, such as scanning live odds to find the most profitable back and lay opportunities for specific offer types. These are necessary for some offers to be worthwhile.

If you’re new to matched betting, you will naturally start more slowly before building up confidence and speed. If this is you, my free Matched Betting Academy should be your first port of call. It allows you to profit from every available welcome offer in a structured, logical and staged approach. It introduces new concepts gradually, keeps you on track and won’t cost you a penny. Only once you hit a certain level of confidence will the time-saving tools of a premium service come into their own. That will vary for different people – some may know after their first few offers, and others may want to take their time and complete a good chunk of welcome offers first.

In this review, I’ll examine OddsMonkey, its features and benefits, and whether it’s worth some of your hard-earned profits.

What is OddsMonkey?

OddsMonkey is a subscription-based matched betting service that shows users how to profit from bookmaker, casino and bingo offers.

When OddsMonkey launched in August 2011, they were solely an odds-matching service. Their software was the first of its kind, enabling users to compare back and lay odds instantly and avoid much of the legwork in finding bets.

OddsMonkey went on to offer a complete matched betting package, launching a brand new site in April 2016.

Today, they offer a comprehensive set of tools. They have the original OddsMatcher, plus 2UP, Extra Place, Racing, Each Way, Dutch and BOG Matchers. There’s also an Acca Finder, Profit Tracker and over 15 calculators for specific offer types and scenarios. Some of the tools are worth the subscription fee on their own. The fact you get access to all of them sweetens the deal further.

On top of that, they boast a thriving community of like-minded matched bettors on their forum and Facebook groups, plus chat and email support if ever you get stuck.

Pricing

There are two main membership tiers on OddsMonkey: Starter and Advanced.

The Starter plan is £39.99 per month or £249.99 per year. You can access a wide range of matched betting content, tools, support and profit tracking.

As I said before, it’s a matter of weighing up how much more you can make against the subscription price. Once you’re confident with matched betting, some of their tools alone can be worth the subscription price.

Advanced is £49.99 per month or £349.99 for the year. It includes everything in Starter, plus access to the BOG Matcher and Price Boost Matcher – more on those shortly. You’ll also get full access to their casino content and tools. You can make a lot of profit from casino offers – just as you can from matched betting. It also dovetails nicely with your matched betting activities. I’ll go into more detail later, but it’s worth considering.

What tools do they have?

OddsMatcher

Their odds matcher was the original and is still an excellent tool. It compares the odds from over 80 bookmakers, with the best back and lay bets at the top of the pile. It helps you squeeze every penny out of the offers available.

Compared to other odds matchers, users have commented that they can find opportunities that don’t appear on rival services.

Just be careful when using an odds matcher that you avoid falling into the trap of always choosing the most profitable option every time. Constantly doing so or selecting events that are obscure to the casual bettor can result in a bookmaker flagging your account and placing restrictions on you. These can include being unable to claim offers or limiting your bet amount. Luckily, they have multiple filters to help you select appropriate bets.

2UP Matcher

The 2UP Matcher is a brand-new tool designed to take the effort out of profiting from 2UP offers.

It checks the odds at every bookmaker that runs 2UP offers and automatically pairs them with the closest lay bets at various exchanges. There are several filters, which notably include the ability to show only major football matches. That means you won’t get flagged as a matched bettor by betting on something obscure like the Japanese J1 League.

Just like all the other Matchers, it saves you time. You can use this time to complete more offers, increasing the income you generate without increasing the time you spend matched betting.

Extra Place Matcher

Extra place offers can be time-consuming unless you use a tool like the Extra Place Matcher.

Instead of looking up the eligible races, manually checking the bookmaker and exchange for close odds, and using calculators to work out your back and lay stakes, the Extra Place Matcher uses live odds to do it all for you.

It even links to the relevant bookmaker and exchange pages to place your bets. The Extra Place Matcher is one of OddsMonkey’s most popular tools.

BOG Matcher

‘BOG’ stands for Best Odds Guaranteed, an offer type whereby a bookmaker will pay out at the starting price odds if they are higher than the odds at which you placed your bet. For example, if you back a horse at odds of 5/1, and the odds have increased to 10/1 by the start of the race, the bookmaker would pay winning bets out at 10/1 instead of the 5/1 you placed your bet at.

To profit from these offers, you need to place bets for zero qualifying loss, which you do by finding selections with identical bookmaker back odds and exchange lay odds. It’s then a case of hoping you hit some Best Odds Guaranteed payouts.

Finding such opportunities manually would take too much time and effort to make it profitable. But with a tool doing the hard work for you, it’s another excellent opportunity to make money.

This Matcher is only available at OddsMonkey on their All Access tier. No other matched betting site offers this.

Racing Matcher

Horse racing offers are available every single day, making The Racing Matcher another handy tool to have around.

The Racing Matcher will list any races that have an available offer. Select the race or offer you’re interested in, and the tool will list the runners in order of lowest qualifying loss. You can judge whether the qualifying bet is worth placing based on the effective odds.

Each Way Matcher

Each way arbing is the process of backing a horse each way and laying the individual win and place parts to make a fixed profit regardless of the outcome. The Each Way Matcher scans the markets and identifies the races and horses presenting a profitable opportunity.

The calculator option on the right-hand side of the tool will tell you how much you need to lay on both the win and place parts of your each way bet.

I wouldn’t recommend each way arbing on your healthy accounts, but it’s a great way of squeezing profit out of any gubbed accounts you may have.

OddsMonkey also offer a ‘Pro’ version on their All Access plan. This version filters out ‘bad’ each way races – ones that are likely to get your account flagged by a bookmaker. It also allows you to place your ‘Win’ and ‘Place’ parts as a single lay bet via OddsMonkey’s exclusive exchange – BetConnect – saving you even more time and effort.

Dutch Matcher

Dutching can be another means of profiting from your gubbed accounts. The Dutch Matcher is also great for placing qualifying and free bets on select sports.

Dutching covers all outcomes at different bookmakers rather than using a betting exchange. A tennis match is an excellent example, as retirement rules sometimes differ between bookmakers and exchanges. Instead of using a betting exchange, you can back Player A at one bookmaker and Player B at a different bookmaker, provided they share the same rules.

Acca Finder

The Acca Finder is another excellent tool for the more experienced matched bettor.

With over 20 bookmakers, The Acca Finder compares bookmaker and exchange odds to give you the best value accumulator bets. The expected value of each accumulator is displayed, and it’s straightforward to amend the accumulator by simply swapping selections as you wish.

There are also many ways to tailor your accumulator. You can select different sizes of accumulators (number of legs), specify minimum and maximum odds and specify how long you would like the accumulator to last (in days).

It’s a useful time-saving feature for users who regularly place accumulator bets.

Calculators for every situation

I’ve listed all the major time-saving Matchers that OddsMonkey offer, but they also have a range of simple calculators.

Aside from the ones you’d expect to see for all the major offer types, they have calculators for when you find yourself in unexpected or unwanted situations. These include things like if your horse is involved in a dead heat, rule 4 deduction, or you’ve made an unwanted lay bet.

When you find yourself in a situation like this, you’ll be glad to have the means to sort it out.

Profit Tracker

Knowing what bets you’ve got open and where they are is a concern for all matched bettors. The traditional way to do this is by manually tracking things in spreadsheets. OddsMonkey takes some of this pain away by allowing you to record your bets directly from their tools. Just click a button, and it adds the selected back and lay bets to your records.

You can also manually add bets to the Tracker, so everything is still in one place, even if it’s a bet placed outside of their tools.

Conclusion

OddsMonkey has been helping matched bettors profit from bookmaker offers for well over a decade and remains one of the most established services in the industry.

Its biggest strength is the sheer range of tools available. Whether you’re interested in traditional matched betting, 2UP offers, extra places, racing offers or casino promotions, there’s a tool designed to save time and simplify the process.

Of course, whether a subscription represents good value will depend on how actively you use the service. New matched bettors may prefer to start with free resources before progressing to a premium service, whilst more experienced users are likely to get the most value from the time-saving tools.

Overall, OddsMonkey continues to offer a comprehensive matched betting package and remains a popular choice amongst matched bettors.