OddsMonkey Review
Let’s dive into our updated review of OddsMonkey, a service we first looked at back in March 2016 when it was primarily an odds matching tool.
Fast forward to today, and the platform has evolved into a comprehensive matched betting service with a suite of tools designed to maximize your betting profits.
After spending a month testing all the new features, here’s how it stacks up.
| Profit/loss: | +£1045 |
| Bank Growth: | 105% |
| Cost: | £15 per month or £150 per year |
| ROI: | N/A |
| Average number of bets: | Up to 30 per day |
| VERDICT: | PASSED |
| Rating: |
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So, What Does OddsMonkey Offer Now?
If you remember OddsMonkey as just an odds matching tool, you’ll be amazed at how much it has expanded.
It’s now a full-fledged matched betting package, similar to what Outplayed offers.
The real beauty here is that you get everything in one place, whether you’re a newbie or a seasoned pro.
When you sign up to OddsMonkey, you will get all of the following included:
- List of New Account Offers
- List of Existing Account Offers
- Odds Matcher
- Betting Calculator
- Racing Matcher
- Each Way Matcher
- Acca Matcher
- Dutching Tool
- Tennis Matcher
Let’s break down what each of these tools brings to the table.
Free Bet Offers for New Accounts
As a subscriber, you’ll get full access to an extensive list of free bets and offers for opening new accounts with various bookmakers.
Right now, there are 38 offers available, all neatly categorized into sections like “bet x get x,” “risk-free bet,” and “rollover bonus.”
Each offer comes with a detailed guide on how to claim it, making the process straightforward even for beginners.
You can easily track which offers you’ve completed by ticking them off the list. The clear layout and helpful guides make this a breeze.
Free Bet Offers for Existing Bookmaker Accounts
Already have accounts with various bookies? OddsMonkey has you covered.
They provide a daily offer calendar that lists all the current promotions, along with details and direct links to the bookmaker’s site.
This feature is a goldmine if you’re regularly involved in matched betting.
You’ll also find offers for casinos, games, and bingo, ensuring there’s always something to take advantage of.
The Odds Matcher
The Odds Matcher tool is a game-changer.
It compares odds between bookies and betting exchanges like Betfair, making it easy to find the best value bets.
This tool saves you hours of manual work by showing you the top opportunities in a simple table format.
When you’re matched betting, finding close odds between the bookies and exchanges is crucial.
The Odds Matcher helps you do just that, maximizing your profit from free bets and bonuses.
Below is a look at the live table for using the Odds Matcher and setting up your matched bets.
In the table above you can see the date and time of the event, the sport, the race or match time and the selection.
Then in red you have the rating, which tells you how much value there is in the bet. The you have the relevant bookmaker and betting exchange and the odds, which you can click through to.
Where the rating is above 100, this means the betting exchange odds are above the bookies’ odds for that selection.
The Betting Calculator
The Betting Calculator is another handy tool that takes the guesswork out of matched betting.
It tells you exactly how much to bet and how much you’ll make, ensuring you get the most out of every opportunity.
Racing Matcher
For horse racing enthusiasts, the Racing Matcher is a fantastic tool. It identifies the best odds matches for upcoming races and highlights available offers.
So for example below, you have the 12.45 at Southwell, with three offers available – £50 free with Bet365, £25 free with Betfred and £25 free with Totesport.
Then you click on one of the offers and it opens up the odds matcher with the best odds available with the exchanges to execute the offer.
This is a nice way of working your way through the racecard in an afternoon and taking advantage of lots of free bet offers.
The Eachway Matcher
The Each Way Matcher is perfect for those looking to place value each-way bets in a risk-free manner.
This tool helps you identify bets where the place odds are favorable enough to guarantee a profit, regardless of the outcome.
You can typically make £5-£10 per bet, with multiple opportunities daily. Just be cautious—bookies don’t like this strategy and may limit your account if you overdo it.
The Acca Matcher
Football fans will love the Acca Matcher, which helps you profit from accumulator offers.
By backing an accumulator with a bookie and laying each leg on an exchange, you can lock in a profit—usually around £10 per offer, with several available during the football season.
Dutching Tool
The Dutching Tool allows you to back all possible outcomes of an event across different bookies, guaranteeing a profit no matter what.
While this sounds great, be aware that bookies don’t take kindly to this strategy, and it could lead to account closures.
Tennis Matcher
Finally, the Tennis Matcher is designed to help you find value in tennis betting offers.
While there aren’t as many offers for tennis as there are for racing or football, this tool can still be useful during major tournaments like the US Open.
Premium Membership versus All Access Membership
For just £29.99 per month, the Premium Membership gives you access to all these features for bookmaker offers, which is a very good deal considering the potential profits.
The All-Access membership, at £49.99 per month, includes everything that comes with Premium Membership but also includes casino offers as well as those from bookmakers.
The Free Trial, on the other hand, is more of a taster, offering limited access to a few offers and guides.
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Overall Verdict
OddsMonkey is a top-notch resource for matched bettors, offering a wide array of tools and guides to help you maximize your profits.
If you’re looking for a comprehensive matched betting service, it’s hard to go wrong with OddsMonkey.
That said, if you’re already using a similar service like Outplayed, there’s no need to switch since they offer similar features.
Also, if you’re outside the UK and Ireland, OddsMonkey might not be as valuable due to the limited availability of free bets and bonuses.
Overall, OddsMonkey is an excellent choice, and we’re happy to give it a full 5 out of 5 stars.
So, why not give it a try? After all, they offer a free trial, so you’ve got nothing to lose and potentially a lot to gain!
Rating: 5 out of 5
FAQs about OddsMonkey
1. What is OddsMonkey?
Odds Monkey is a comprehensive matched betting service that provides tools and resources to help users maximize profits from free bets and bonuses offered by bookmakers.
It started as an odds matching tool but has since expanded to include a wide range of features designed for both novice and professional matched bettors.
2. How does OddsMonkey help with matched betting?
OddsMonkey offers various tools like the Odds Matcher, Betting Calculator, Racing Matcher, Each Way Matcher, Acca Matcher, Dutching Tool, and Tennis Matcher.
These tools simplify the process of finding and placing value bets, ensuring you can lock in profits from bookmaker offers.
3. How much can I earn with OddsMonkey?
The amount you can earn depends on the time you invest. During our month-long trial, we made just over £1,000.
However, results can vary based on the number of offers available and how actively you participate.
4. How much does OddsMonkey cost?
OddsMonkey offers a Premium Membership for £29.99 per month which includes bookie offers and a All-Access Membership for £49.99 per month which includes bookie+casino offers.
5. Is there a free trial available?
Yes, Odds Monkey offers a free trial so you can explore the platform and its features before committing to a paid subscription.
6. What types of offers are included in OddsMonkey?
Odds Monkey provides lists of free bet offers for both new and existing bookmaker accounts.
These include “bet x get x” offers, risk-free bets, rollover bonuses, and more.
Additionally, it covers casino, games, and bingo offers.
7. How does the Odds Matcher tool work?
The Odds Matcher tool compares the odds offered by bookmakers and betting exchanges like Betfair.
It helps you find the best matched betting opportunities, where the odds are close enough to guarantee a profit from free bets and bonuses.
8. What is the Racing Matcher?
The Racing Matcher is a tool that identifies the best odds matches for upcoming horse races.
It highlights available offers and helps you place matched bets to take full advantage of these promotions.
9. Can I use OddsMonkey outside the UK and Ireland?
While you can use some features of Odds Monkey from outside the UK and Ireland, the availability of free bets and bonuses can be limited in other regions.
Therefore, the service is most beneficial to users within the UK and Ireland. If you are outside these regions, it is best to check the availability of free bets and bonuses in your region before signing up to a package like OddsMonkey.
10. Is OddsMonkey better than Outplayed?
OddsMonkey and Outplayed offer similar tools and services.
If you’re already a member of Outplayed, there’s no significant benefit to switching to Odds Monkey. Both platforms are highly regarded in the matched betting community.
11. Are there any risks with using OddsMonkey?
Matched betting is generally considered low-risk, but there are some considerations.
For example, if you are doing EV (expected value) betting rather than matched betting, you can still experience losing bets and losing runs. So ensuring you have a sufficient betting bank is important for EV betting.
Equally, using strategies like Dutching or Each Way Matcher excessively can lead to bookmaker account restrictions or closures.
It’s important to use these tools wisely and not draw too much attention to your betting patterns.
12. What is EV (Expected Value) Betting in Matched Betting?
EV (Expected Value) betting in matched betting refers to the process of evaluating the potential profitability of a bet over the long term.
It calculates the average amount you can expect to win or lose if you were to place a similar bet multiple times.
In matched betting, understanding EV helps you assess whether a free bet or promotion is worth pursuing, as it quantifies the likely profit from the offer, guiding your decision-making towards consistently profitable bets.
13. Can I cancel my subscription at any time?
Yes, you can cancel your OddsMonkey subscription at any time. However, it’s recommended to use the free trial first to see if the service meets your needs before committing to a subscription.
Have used OddsMonkey in the past, it’s very intuitive and easy to use. Highly recommended for matched betting.
If it’s not an Ads, looks very promising. 30 predictions per day and +100% to deposit is a very, very good result. Must to check and try this service.
If it’s now no longer an Ads, seems very promising. 30 predictions in keeping with day and +100% to deposit is a very, excellent result. Must to test and do this service.