Overview:
In this OddsMonkey review, I intend to give you a full, completely honest overview of how OddsMonkey works, what features and tools are great and you will make full use of, and ultimately, whether or not OddsMonkey is worth your money each month!
I am just a normal guy that was looking to make money online when I came across OddsMonkey. They claimed that I would be able to make risk free, tax free money online using Matched Betting.
This is my review of the tools and features that OddsMonkey provide along with how much money I was able to make online in my first year using OddsMonkey.
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What is OddsMonkey?
OddsMonkey is regarded by many as the number 1 name in the UK when it comes to Matched Betting.
Founded almost a decade ago in 2011, OddsMonkey has been helping people make risk free, tax free money from bookmakers on a daily basis.
OddsMonkey has members from all different walks of life, ranging from avid football fans who are sick of losing money gambling every weekend, to stay at home mums who have no interest in any sports whatsoever and are just looking to make some extra money online. If you are new to the Matched Betting concept in general, it’s important to note that Matched Betting is strictly and ONLY a make money online system, it is not a gambling strategy.
This Matched Betting service promotes making money online, and anybody looking to do so can sign up for a free trial with our special link below!
How Does OddsMonkey Work?
OddsMonkey works by providing its members with many different tools and assets to help its users who are Matched Betting make as much money online as quickly and efficiently as possible. I will discuss the features that you are likely to make the most use of further into this OddsMonkey review.
Users are also provided with a daily list of bookmaker offers that are accompanied by super simple instructions on how you can use them to make easy profits.
When you first join OddsMonkey for free, you will be able to sign up to each of the current online bookmakers and take advantage of their highly lucrative welcome offers. Completing each of these offers will guarantee that you pocket just under £1000!
After working your way through each of the bookmaker welcome offers, the fun doesn’t stop there, in fact, it only just begins, as the bookies that you signed up with will now email you with further offers which you can take full advantage of and make further profits.
Along with these personal offers that you will continually receive via email, bookmakers also dish out offers that are readily available for anyone that is registered with them to take advantage of. You can work your way through each of these offers using the daily offer calendar.
Ultimately, OddsMonkey is a tool that people use to make money. Predominantly, profits are made from using free bets and bonuses that the bookmakers give away, using these freebies will help you lock in guaranteed money each time you complete an offer.
What is Matched Betting?
If you are not already aware, Matched Betting is a system that anyone can use to take advantage of online bookmaker promotional free bets that are given away on a daily basis.
The system is very simple and requires no sporting knowledge or interest whatsoever, this is because the sporting events have absolutely nothing to do with how a Matched Bettor makes their profits.
This sounds kind of strange, with the name containing the word “betting” but there is no aspect of gambling to Matched Betting whatsoever, therefore it can be enjoyed by anyone looking to make some extra cash online as a secondary income.
Matched Betting has been around for a long time, dating back to the early days of betting exchanges. Initially, there wasn’t really a name for Matched Betting and generally was just referred to as a form of arbitrage by people that used it to beat the bookies.
Over the years as Matched Betting became more refined, many companies developed high quality tools to make Matched Betting accessible to literally anybody looking to make some extra money online.
OddsMonkey Tools & Assets
Should you decide to give OddsMonkey a try, they will provide you with access to their features and allow you to make your first £63 for free.
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In all honesty, you will not need to use all of these features to make significant tax free money online each month, in fact, to this day there are still some tools that I am yet to really dive into as they aren’t beneficial in helping me make as much money as possible online using OddsMonkey.
The tools that you will use and will be of the highest value to you, I have listed below:
OddsMatcher
The OddsMatcher is worth the weight in gold! An amazing feature which dives into bookmaker websites and betting exchanges finding the best matches between back odds and lays odds.
Essentially doing most of the work for you, the OddsMatcher works by finding the criteria that you are looking for, all that remains for you to do is click a couple of buttons to place your bets, and bam your profit is locked in!
Exchange Integration
Betting exchanges such as Betfair and Smarkets have teamed up with OddsMonkey, meaning that you will be able to integrate your betting exchange accounts to the OddsMatcher and place your lay bets at the click of a button (as shown in the image below).
On top of this, becoming an OddsMonkey member will ensure that you are given a 0% commission with any bets that you place using Smarkets. You will be amazed by the extra amount of money that you can earn each month, just by paying 0% commission with your betting exchange!
Profit Tracker
There is a profit tracker available should you decide you wish to use it. You can make this as in-depth as you like by ticking off any unsettled bets as complete each time that they are settled.
Or, you can keep it super simple, which is what I choose to do by manually adding entries with the amount of money that I make each week.
Daily Offer Calendar
The daily offer calendar is very likely to become a big part of your daily Matched Betting routine.
This calendar is updated by the staff, not just each day as the name would suggest, but every single time a new offer is added by a bookmaker (which, generally is very often).
You will be able to filter the daily offer calendar by both guaranteed profit offers and potential profit offers. After filtering, you can then work your way through any of the offers that you like using the basic instructions OddsMonkey presents you with on each offer.
Racing Matcher
Each day in the UK, there are so many horse races run, bookmakers have lots of different offers on most of these races. You will be able to use the racing matcher to combine various different bookmaker offers on the same race, this is great for combining liability and locking in as much profit as possible from racing offers!
This matcher will only show races where bookmakers are running offers, any bookies that are not running any racing offers are simply not displayed on the racing matcher.
Extra Place Matcher
The extra place matcher is an advanced tool which you are likely to use when you get familiar with Matched Betting. It involves placing 3 different bets on the same horse in a race, covering the win, each way and extra place market. Running extra place offers, which are positive in EV will ensure that you lock in HUGE profits when a horse lands in the extra place the bookmaker is paying out on.
Your profits will range from anywhere between £50-£200+ each time this offer hits and your horse lands in the extra place.
The extra place matcher will keep things nice and simple and allows you to be able to easily keep track of your bets.
Calculators
Once signed up you are provided with 16 different calculators! Now, although this is slightly overkill and you almost certainly won’t need to use anywhere even close to all of the calculators, the ones in which you will use will be highly valuable to you.
The calculators that you are likely to make use of will significantly contribute to helping you earn your Matched Betting profits each week.
Top Calculators Provided By OddsMonkey:
- Standard Calculator
- EV Calculator
- Risk Free Equal Profits Calculator
- Early Payout Calculator
Matched Betting Spreadsheets
Spreadsheets are available for download with your OddsMonkey subscription should you choose to use them. There are many different types and variations of sheets, some more useful than others.
Useful Spreadsheets Include:
- Profit Tracker
- Dutching Extra Places
- Accumulator Lay Sheets (all 4 methods)
Training Guides
OddsMonkey has various guides on each of the different tools on its platform. Along with this, they have general Matched Betting and casino guides to help get you started when you are a complete newbie.
Community Forum
The forum is a great way to get in contact with like minded people also making money online Matched Betting.
Feel completely free to ask any question or query that you have on the forum. All members of the forum such as the staff along with fellow OddsMonkey members are really kind and polite and are almost always willing to solve a problem that you may have.
Price Boost Forum Thread
There is a thread within the forum which is continually updated with Price Boosts each time bookmakers post them to their website. Perfect for looking at and subsequently backing and laying the boost for a guaranteed profit!
Boosts get added literally every day without fail, some will lock in smaller profits such as £1.20, and some larger profits as big as £10!
Smashing boosts each week, every time that they become available is a great way to keep your profits as large as possible each month.
Support
OddsMonkey has amazing customer support available and has always been willing to go out of their way to help me with any issues that I have had in the past.
Along with the option to send an email with any problems that you have, OddsMonkey also provides its members with the option to set up a 1-1 conversation with one of their highly experienced staff members.
It’s safe to say that their customer support is nothing short of fantastic!
Tennis Matcher
Very similar to the racing matcher discussed earlier. The tennis matcher is great for any offers that you may have relating to tennis. This matcher isn’t likely to be a tool that you will use very often, however, it can be very beneficial to your productivity should any tennis offers arise.
Tennis offers generally become more common in spells when there are big competitions, such as Wimbledon, US Open and Australian Open.
Acca Matcher
Slightly old fashioned in 2020 but still available should you need to use it, the acca matcher is a great software that can be found online for laying off accumulators.
Provided with this matcher are guides that explain not only how accumulators work, but also the 4 different lay methods you can use to lay off your accas and lock in some nice profits.
Lay methods include: lay sequentially, lay at the start, sequential lock in and no lay.
Dutching Matcher
Dutching is a less commonly used style of Matched Betting, which is surprising with how much profit is still attainable from dutching various different sporting events such as football matches.
Dutching relies on not placing a lay bet, instead, placing 3 different back bets on different bookmaker websites to lock in a profit!
Casino Hub
Not only can you make money with OddsMonkey from Matched Betting, but you can also use casino offers that the bookmakers give out to make even more guaranteed profits!
The casino hub was introduced to OddsMonkey in the early part of 2020 and is great for anyone looking to boost their profits even further. Expect to make an additional £500-£1000+ each month from casino offers. Casino hub provides you with everything you need to get started making money from casino offers. Work your way through all the new account welcome offers, then smash in the daily reloads and watch your profits continue to rise.
Tools Overview
As you can tell, there are lots of tools that you can use when your Matched Betting, far too many to list in this OddsMonkey review. The tools that I have listed are the main, most commonly used tools available on OddsMonkey. These tools will be more than enough for you to ensure that your able to comfortably make money every day Matched Betting.
The OddsMatcher is likely to be your most used asset which you will be able to use to find the highest value back and lay bets to use on your trigger bets and free bets.
The daily offer calendar is also something that I commonly use on a daily basis, each time a bookie adds an offer, staff immediately add it straight into the daily offer calendar.
I consider it to be a money calendar, it’s super easy to work your way through each offer and make a profit. You can then complete that offer and OddsMonkey will remove it from your calendar, super simple but a nice touch what feels great!
Is OddsMonkey Worth The Money?
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So, is OddsMonkey worth your £20 a month? I would imagine this is ultimately why you are reading my OddsMonkey review after all! Personally, I use OddsMonkey each day for around 1 hour or so. I have a real, full time job so I need to find the time to fit it in my Matched Betting around that.
Even with the fact that I only spend around 7-10 hours a week Matched Betting (which also includes doing casino offers) I was still able to earn £9687 in my first year alone from Matched Betting. £9687 divided by 12 works out at £807.25 each month. All of this money is of course 100% tax free, so my only outgoing was the £20 subscription fee to OddsMonkey each month. After the deduction, this still left me with just over £787 of extra money in my bank account every month!
I would consider the £10,000 mark to be around the average amount of earnings a Matched Bettor will make using OddsMonkey during their first year. It is possible to make much more money than this, but this is dependent on the time that you are able or willing to invest in Matched Betting.
So for me, OddsMonkey is more than worth the £20 a month subscription as you will make that money back in absolutely no time whatsoever, just from completing a couple of offers. On top of that, you will also be able to earn much more money each month to spend as you wish, maybe on a nice holiday, or perhaps to put straight into your ISA and eventually use to put down on a house deposit.
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Matched Betting FAQ
Is Matched Betting Legal
Matched Betting is completely legal, and this is why it is enjoyed by countless people that live in the UK. There are various companies (OddsMonkey being the best) which provide tools that help people be as efficient as possible when Matched Betting. In general, Matched Betting has been positively featured in various mainstream newspapers, such as The Guardian, The Telegraph and Save The Student.
Is OddsMonkey And Matched Betting Worth It?
When Matched Betting, it is totally up to you how much time you choose to invest. There are members on each end of the spectrum. You get some people who chose to take it nice and easy and just invest just 30mins – 1 hour of their time each day to Matched Betting and make a comfortable £75-150 each week.
Conversely, you also get the people who smash in 20+ hours of Matched Betting every week and earn over £1000 each month! So yes, OddsMonkey is well worth the investment as it is almost a certainty that you will earn much more from you’re Matched Betting than you will lose investing in your OddsMonkey subscription each month.
Do Matched Bettors Pay Tax?
As OddsMonkey members make their money using Matched Betting they pay no tax whatsoever! The reason for this is due to the fact that Matched Bettors earn their money from online bookmakers, and any winnings from an online bookmaker are tax free. Perfect, when you already know that you are going to win beforehand!
Are There Any Downsides To Matched Betting
The short answer is no. You are able to make guaranteed money from bookmakers posing as a typical gambler on their website, it’s totally legal and there isn’t a great deal that they can do to stop you. On occasion, a bookmaker can ban you from any further bonuses and free bets with them, should this ever happen to you, any earnings that you have earned with them are yours to keep!
Conclusion
So my rating for OddsMonkey is 5/5. The service that they provide is second to none, in my opinion. I have tried various other Matched Betting platforms in the past and they pale in comparison to OddsMonkey.
If you are looking to start making some extra money online, my advice would be to take advantage of our OddsMonkey free trial and see if the service provided is for you. If you’re happy with the tools and features provided and you enjoyed the process of unlocking your first £63 quid, you then have the option to upgrade to premium and scale your profits to the next level with full access to all the required features and tools!
Whatever level of interest that you have in sports is irrelevant when it comes to making money online with OddsMonkey, as Matched Betting is a very basic system that can be done by absolutely anybody looking to earn guaranteed, risk free money online every single day. So it’s important not to be put off by the fact that you will make your money using bookmakers who deal predominantly in sports betting.
Thanks for reading my OddsMonkey review, I hope I was able to give you a better insight into OddsMonkey and the value it provides with its tools.
Feel free to sign up using our special discount below and start earning money online from today with OddsMonkey.