This is my OddsMonkey review – now updated (in serious detail!) for 2020!
It should hopefully cover every aspect of the company, their site and their tools.
I’m a member of their premium service, and I pay monthly.
OddsMonkey provides matched betting training and assistance, boasting years of experience in the industry.
Originally, they provided other matched betting sites with their revolutionary oddsmatching software (which tracks the odds on bookmakers and betting exchanges). They then moved on to offer their own full matched betting service in April 2016.
I decided to take the plunge and join their site almost as soon as the new service launched, taking advantage of their free trial and then subsequently their 30 day money back guarantee.
I opted for this site as it is cheaper than its main competitor and it seemed to offer more for the money too.
But how has my experience been so far?
Well, we’ll get to that…
What OddsMonkey Does
OddsMonkey provides you with all tools you need to be a successful matched bettor.
All of these tools are included in their subscription, with no extra cost – even when they release new ones!
So how much does the service cost?
Premium membership will set you back just £17.99 per month or £150 per year.
I would recommend taking advantage of their 30 day free trial, which is available via this link, this way you get a taste of what they offer and how good their service is without actually having to give them any money.
Even once you become a paying member, they will give you your money back if you notify them within the first 30 days – win, win!
For a girl like me who has never done any kind of betting before, matched betting seemed a bit (ok, massively!) confusing at the start.
However, I got the hang of it after watching their videos and tutorials. These are SO useful; I would say that anyone could learn matched betting from them.
The weekends seem to be prime time for money making as there is plenty to bet on – especially horse racing and football matches!
On their site, it says you can make up to £45 in the free trial.
I’m not sure if I did it slightly differently, but I made £28.90 from my first two bets.
Still, I was happy with the profit nonetheless.
I used my £28.90 to join so it was at no extra cost to me and I still had change leftover to keep reinvesting!
Click here to sign up to Oddsmonkey’s free trial.
You’ll never be charged if you don’t upgrade (but you should upgrade to earn thousands!).
OddsMonkey truly go above and beyond with the service they provide.
They care about their customers and offer all the help they can to make sure you feel comfortable in matched betting and that you’re making the most of their tools.
In turn, this makes sure you are maximising your profits.
Training & Tutorials
As I mentioned previously, the company has developed videos and tutorials to help newbies learn everything they need to know.
The videos and written guides will take you step-by-step through the matched betting process and will guide you into completing your first offer.
They will continually help you complete offers, from the easiest ones to the more complex.
The videos and tutorials show you exactly how to make a profit from each offer, no matter how complicated they appear to be at the start.
You can literally follow the guides step-by-step to complete each offer and you hardly need to put any thought in yourself – just be willing to read and concentrate on getting it right.
Their customer support team are always happy to help, whether you are stuck on an offer or have a few questions about membership. Nothing is too big or small for them.
You can choose to email them for support, or you can even book a 30-minute phone call to get 1-to-1 help.
I booked a 30-minute phone call as I was getting a little confused with a more complex sign-up offer, and Russell at OddsMonkey made sure I was fully prepared and capable of completing the offer.
So, not only do they have tutorials and guides, they have a helpful email team and offer a call service for a more personal touch.
They also have a range of staff members that monitor and assist on the forum.
Recently OddsMonkey have introduced Live Chat support for new customers too. So when you first sign up you have someone on hand if you need immediate answers to questions. I have recommended a lot of my friends to OddsMonkey now and a few have commented how much more laid back they felt knowing that there was someone online to help if they needed it.
OddsMonkey have a matched betting forum, full of daily and weekly offers for all to take advantage of and discuss.
Within the forum are a huge range of moderators, staff and community members who are all helpful and have useful tips. I’ve noticed that some of the more helpful members have even become employed by the company.
Everybody within this forum has the same motive – to make money!
Therefore, there is lots of information about bets, offers and competitions to get involved in.
Whilst the main focus of this forum is talk about making money and different offers to get involved with, there is also a great social aspect to the community.
However, if you prefer to just hear about the latest offers without the jokes and general chit-chat, then there is a filter in which you can quickly find the bets and offers.
I personally enjoy the monthly competitions that are run – a shot at winning real cash prizes every month (for nothing!) appeals to me.
The nice thing about these forums is that they are not overcrowded, there is no spam and they are just straight to the point. The members seem to be happy to share tips too.
OddsMonkey’s Tools Reviewed
All of the tools are included in your premium Oddsmonkey membership.
Even when they release a new product it will still be included in your monthly fee of £17.99.
A lot of their products have been suggested by forum members – you want it, they make it!
Let’s take a look at everything they offer in detail:
This tool (pictured a little further up) is very handy! Especially for somebody like me that doesn’t know which matches or races to bet on.
I completely rely on this tool.
The matched betting oddsmatcher will search for the best odds for completing an offer on any sporting event.
It will allow you to complete every basic offer by finding you the bets you need to place.
My friends always ask me how I know what I’m betting on when I don’t even like sport very much – I don’t need to know! The oddsmatcher is my best friend.
It’s so accurate in giving you real-time data from online bookmakers and betting exchanges.
Another thing I like about the oddsmatcher is that it lets you filter the results into specific bookmakers, market or sports.
This tool is what got OddsMonkey started over five years ago, this is the original Oddsmonkey product, so needless to say they know how to make a good one.
The latest updates to the Oddsmatcher have made matched betting even easier with the introduction of integrated lay bets. Lay betting is one thing people can find difficult to get their heads around (it’s easy once you do) so now that you can place your lay bets without even leaving OddsMonkey makes the whole process so much easier.
Acca Matcher is split into two separate tools – Acca Finder and Acca Builder.
Both tools will allow you to make consistent profits from accumulator bets.
These aren’t for newbies and they seem very complicated at first, but it only took me two or three attempts before I’d mastered it.
What’s the difference between the two?
Acca Finder is a tool that allows you to choose from pre-built accumulators.
This saves you time, allowing you to maximise profit from accumulators that have already been tried and tested.
This is the newer product of the two, and it’s safe to say that it’s the more popular choice too – it was built by popular demand.
On the other hand, Acca Builder is designed to let you build and edit your own accumulators.
Be aware – there is a chance of making a mistake with AccaBuilder, you have to ensure to follow the acca insurance terms and conditions to prevent mistakes.
This tool can prove to be as effective as Acca Finder, just be sure to double check your accumulators.
Why would anyone use Acca Builder instead of Acca Finder?
Sure, Acca Finder is great!
Everybody finds it great because it does all the hard work for you. It is definitely the more efficient tool.
Matched bettors fear that bookmakers will notice suspicious betting patterns within their accounts – bookmakers have eagle eyes!
If a bookmaker spots these they can restrict the account, even stopping promotions for good. This is known as being ‘gubbed’.
If everybody starts placing bets on the same accumulators, which does happen with the more profitable accas on the more popular acca tools, it could possibly ring alarm bells for bookmakers.
I suggest that you use Acca Finder alongside using Acca Builder to help make your betting account look different from the crowd.
Each Way Matcher & Extra Place Matcher
I’m going to be honest here, the each way tools are not for newbies. Make sure you are completely comfortable with the matched betting process before using this.
However, once you build up your bankroll a bit and then overcome the difficulty, these tools open up a whole world of increased profitability.
OddMonkey’s Eachway Matcher allows you to make a consistent profit on each-way bets.
This is via arbritrage opportunities in the ‘place’ market on Betfair. For those who don’t understand what this means, all we are doing is exploiting mispriced bookmaker odds. With arbitrage – or arbing – we can guarantee a profit instantly (but the bookmakers HATE arbs!).
The main reason this tool is used is when bookmakers offer extra places on a horse race, although OddsMonkey have now released the Extra Place Matcher, which is far more suitable for that purpose.
The Each Way Matcher is now best for taking arbs on gubbed accounts in order to squeeze additional profitability out of them.
The Extra Place Matcher has been designed to help maximise profits from extra place offers in horse racing and golf.
This tool really is impressive! My profits have risen greatly from this.
I personally like the feeling of now being able to see what profit I’ll make if my horse finishes in the extra place.
Previously, it was a little more difficult to calculate what your losses and profits would be – but not anymore!
The Extra Place Matcher also shows you all of the upcoming extra place events, giving you time to prepare.
The Racing Matcher gives you the opportunity to filter odds matches but only for races that have offers on. This is a much more streamlined process when compared to just using their Oddsmatcher.
Once you’ve completed the sign-up bonuses, you’ll start to get reload offers – this is where you use your existing accounts rather than creating new ones. You will find that you get a lot of reload offers for horse races.
The horse racing matcher was created to filter out the bookmakers that aren’t offering a promotion on each race, as well as filtering out any race that doesn’t have an offer on them.
Not only does it find you the races with refund offers, it helpfully states the maximum stake for each bonus.
OddMonkey’s dutching calculator finds close matches and arbitrage opportunities between different bookmakers, meaning there is no need to use a betting exchange.
When you don’t need to use an exchange (like Betfair), but instead use two or more bookmakers (for a football match, you’d use three), this is known as dutching.
Dutching is also useful for tennis because sometimes the betting exchanges don’t have the same rules as the bookmakers if a player retires.
Dutching also helps to keep funds moving through bookmaker accounts more frequently, which can make you look like a more regular gambler – as long as you’re not betting on obscure games or taking too many arbs.
The Tennis Matcher only runs when there is grand slam tournament on.
This is because the bulk of tennis offers come during these time periods.
The Tennis Matcher is essentially the same as the Racing Matcher, but for…well, you guessed it…tennis.
By easily filtering out the bookmakers and the odds for offers, it’s easy to make a profit during the grand slams.
How to Make the Most of OddsMonkey
Now you have read about the site’s services and tools, I will give you a few tips for how to make even more use of the site.
This tips could be worth hundreds or even thousands of pounds to you…
Risk Free Casino & Bingo Offers
There is so much potential with matched betting, but for those who like casino or bingo games, there is also a fun way to make extra cash!
Of course, OddsMonkey push matched betting offers on their site, but they also often post casino offers.
I take advantage of these because I find them fun! Casino offers tend to break my day up a bit.
It is important to note, there are many risk-free offers but there are also some low-risk offers. So if you’re not up for a little risk, it is best to stick to the risk-free ones.
Not only this, OddsMonkey offer an EV calculator. This allows you to work out if a casino offer is going to be profitable for you or not.
If this sounds confusing, don’t worry!
They post the average profit (or EV – Expected Value) that you should expect to make for the majority of casino offers that they post on the site.
As previously mentioned, reload offers are offers you complete once you’ve worked through the sign-up offers.
My tip would be to use the Daily Offer Calendar so you can easily see (and complete) all of the reload offers available on any day.
I visit the calendar every day and start working my way through the most profitable offers to get the easy money. Then if I have time I go for a few of the other offers to increase my daily profits even further.
Reload offers are essential for matched bettors to keep on earning money.
Don’t just assume once you have completed the sign-up offers that you’re not going to make much money.
In fact, I quickly learned that you can earn a lot more if you regularly complete the reload offers.
Take Any Profit You Can
At first, the thought of making £2 on a bet didn’t really appeal to me.
However, it’s these little bets that all add up – all of the £2 and £3 bets here and there quickly combine to a large total.
When I had a small bankroll, I found it was much more beneficial to ‘lock-in’ profits rather than hoping to hit a larger one. Again, if this sounds complicated then don’t worry – you’ll learn all about it.
Click here to sign up to Oddsmonkey’s free trial
You’ll never be charged if you don’t upgrade (but you should upgrade to earn thousands!).
How Much Money Have I Made?
I recommend creating a spreadsheet to keep track of all the bets you’ve placed, free bets due and profits made. This way you can stay on track and easily see the total profit made.
In my first month of matched betting, I made £347. I started with just £80.
The more offers I did, the easier it got. Don’t be afraid to ask for help on the forum if you need it.
In my second month, I was making an average of around £150 a week – still working through the sign-up offers. The general opinion on the forum is that you should make around £1,000 profit from the sign-ups.
There are some quiet periods, but these can change instantly.
I was having a quiet week but then it got a bit crazy with some nice offers on the FA cup final. I made a nice amount of money there!
The French Open was consistent for me, I made a steady £5 – £15 a day from that which over the course of a couple of weeks really adds up.
Moving on to my fourth month matched betting, Euro 2016 was on.
What a month that was!
July was a month that was incredible for offers and free bets. I found that when England played I was bombarded with offers! There was also a £50 free bet from Bet365, this earned me £35 profit each time.
Not forgetting that, Wimbledon was on! I made a good amount of money from that, the Tennis Matcher was a massive help in saving me time and making me profit.
I tallied up my progress from mid April to the end of July, and in just three and a half months I made over £2000 from my starting bankroll of £80.
Obviously, I thought this was awesome!
The best part was that it didn’t take me long to get a hang of this, let’s not forget I was not familiar with betting nor did I enjoy sports.
After seeing my total profit, and seeing that others on the forum were making even bigger amounts of profit – some claim to be making over £3,000-a-month, I decided to start taking things more seriously.
Since starting in April 2016 I have now made over £15,500 tax-free!
In 2017, I made over £2,500 in the month of Cheltenham and this level of earnings has been fairly consistent since then.
This is all through the use of OddsMonkey and their tools.
OddsMonkey have provided the services to allow people to make a living from matched betting.
Again, if you want to check out their free trial then you can do so here.
2020 update on earnings: I have now made over £45,000 from matched betting with Oddsmonkey. Needless to say, this is a life-changing amount of money.
Problems I Have Faced & My Tips For You
In the beginning, the main problems I faced were…
Using Just My Phone
I tried to get my head around a lot of it by just using my iPhone when I was on the train. It’s OK to just browse the forum but stick to a laptop/iPad/tablet when you’re actually placing the bets.
Nothing worse than losing signal on your phone!
Get Skrill and Paypal
Next, I would make sure you have an account with Skrill. Some sites don’t have Paypal and if you don’t get a Skrill account (it’s like Paypal) then you have to use your debit card.
This is fine (using your debit card) but sometimes it takes all week for the bookmakers to send you back the money when you withdraw it!
When you only have a small bankroll (which most people will when they start out) it can seem like an eternity when you’re waiting for a withdrawal.
Use Google Chrome or Firefox
I was using Internet Explorer on my laptop (which is a bit old now) and it kept crashing. I hadn’t really used it for much other than Facebook but now I know why people keep telling me to use Chrome.
Looking back, I can’t believe I was using IE for so long…I feel like such an idiot! Chrome is so much faster than IE!
My Final Honest Thoughts
For me, OddsMonkey is well deserving of the full 10 out of 10 rating that I have given them.
I honestly can’t praise them enough. Without them, I would never have made so much money.
I can see why many people describe them as the best-matched betting site.
The tools and services they offer are just incredible. I would never have thought that there’d be systems that would allow me to make money on sports…especially for £17.99…but, there are!
They offer all of the support and guidance you need.
I find that they are a great value for money, and there are no hidden costs.
I just really like the way they operate, everything seems so open, honest and friendly. I’ve heard rumours of things not being the same at some of the competition, although I can’t verify that.
My advice would be to sign-up to the free trial and see what you think. Remember you should make up to £45 profit in this free trial alone. Also remember to check out our OddsMonkey promo code page to grab yourself a bargain.
You don’t have to put any credit card information in or anything like that either – I absolutely hate it when you have to sign up for a free trial with a card and then cancel!
Please leave me a comment if you have any thoughts or questions on the service or on my Oddsmonkey review.
I would love to hear from you all!