Oddsmonkey Review 2020: The Review Their Competition Don’t Want You to See
It seems that we sparked a little bit of excitement when we posted our review of Profit Accumulator…
Because of this, we thought it was only fair to review their biggest competitor…
As you should have come to expect with Beating Betting, you will find zero bullsh** in this Oddsmonkey review.
We don’t beat around the bush, only providing honest facts in order to help you make an informed opinion on the best matched betting site for you.
There are a number of fake review sites out there, spreading incorrect statements in an attempt to get attention and income.
You can always trust that we’re real people that have really used all products that we review in depth.
So, with that in mind, do you want to hear our honest review of Oddsmonkey?
Find out how we review the service, and how we made £1,403.50 (with photo evidence!) on just one low-risk offer in this post.
Table of Contents
Matched betting isn’t a new concept.
In fact, it had been around the fringes of mainstream exposure a few years before Oddsmonkey really started to make a huge impact.
Once they entered the move into the space, they certainly caused a lot of commotion in the industry.
Originally providing their oddsmatcher software to other matched betting sites, the company decided in April 2016 that they wanted to offer a complete matched betting service.
Not only this…
They wanted to try to do it better than anyone else.
Their aim was to provide the best value for their customers; offering a range of tools that were unique to the site and including them all for free with subscriptions.
Many matched betting sites charge significant extra fees for additional products that assist with matched betting.
Oddsmonkey’s total costs are an extremely competitive £17.99 per month or £150 per year.
At the time of writing this, the company also have the largest selection of sign-up offers on their site at 59 different bookmakers.
This means that new users will have the largest amount of quick and easy profit to make.
They also post a huge variety of reload offers for users to move onto after they’ve completed the basic sign-ups stage.
All tools and offered are included in each version of their premium membership.
|Free Trial Available||Yes, via this link|
|Money Back Guarantee||30 days|
|First Month Profit||£1,760|
|First Year Profit||£28,393|
|Forum||Thriving: fun & helpful|
How Does Oddsmonkey Work?
Oddsmonkey are a matched betting service that post bookmaker offers online every single day – collating each and every offer from over 100 different bookies.
Not only do they publish offers, but they post the exact method to guarantee a profit on almost every single one of them – meaning every member makes a profit week in, week out.
Many people, including ourselves, make four figure profits comfortably every single month by using their service.
They have several tools that we have reviewed below in more detail:
Tools & Services
As previously stated, the tools below are developed in-house by developers at the company – and they’re all included in their premium membership as standard:
Tutorials & Training
In terms of beginner training, you’ll be taken through the entire matched betting process from start to finish.
This includes videos and written guides to help you complete your very first offer, right through to completing more complex, high-earning offers.
Even the most simple offers can earn you a few hundred quid to complete, so they’re well worth doing.
You can actually earn a guaranteed £45 profit during their free trial, with no risk or any obligations to continue.
The oddsmatcher was the original Oddsmonkey product – the thing that kept many matched betting sites running smoothly…
It really threw a spanner in the works when they decided to start their own matched betting service.
Oddsmonkey’s oddsmatcher is best odds searcher there is in our opinion – it will find every bet you need to place to complete any type of basic offer.
One thing we’re regularly asked is “how do you know which games to bet on?”
We don’t – we just bet on what the oddsmatcher tells us to!
Betting Exchange Integration
A lot of people get confused with laying off bets, and when you’re new that’s more than understandable.
If you’re not confused by the process or already familiar with it, you’ll no doubt agree that inputting the figures into a calculator can be somewhat time-consuming across hundreds or thousands of bets.
The exchange integration that Oddsmonkey have introduced makes things not only much easier, but also much more efficient. You can lay bets on Smarkets or Betfair directly and automatically via the matcher.
This means that even if you do know how to calculate your lay stakes, well…you don’t really have much reason to anymore.
You don’t have to input any figures (well, except for changing your back stake) and you don’t even have to log in to your exchange account – it’s just one simple set up right at the start, and you’ll be good forever.
Via the oddsmatcher, you click the little information ‘i’:
Then, on the pop-up that shows, you click ‘Show calculator’ (if you haven’t done so already).
On the calculator, you then input your back stake (the stake you bet at the bookmaker). The odds from the bookie and the exchange will already be present in the calculator, so you don’t need to manually enter them yourself.
All you have to do then is click ‘Lay the bet’!
It will automatically lay your bet based on the odds and stakes shown in the calculator. If the odds change, you will be alerted and it will ask if you want to still place the bet.
This is not only significantly more efficient for regular matched bettors, but it makes it so much easier for beginners, too.
Horse Racing Matcher
Lots of matched betting reload offers (these are offers that you start after you’ve completed the sign-up bonuses) take place on horse races.
Because there are so many horse races each day, it can be easy to lose track of which races have offers on them and which don’t.
The horse racing matcher was designed to filter out any race that didn’t have an offer on them, and filters out all of the bookmakers that aren’t running promotions on each race too.
This means you can find horse racing matches with ease – and this is where the real money is.
Each Way Matcher
Sticking with the same sport, Oddsmonkey also have an ‘extra place’ horse racing oddsmatcher.
This tool is without a doubt the biggest benefit of a subscription with the company.
‘Extra place’ races are when bookmakers offer you 5 places each way instead of 4. Sometimes, they’ll be more generous and offer you 6, or 7, or maybe even 8 places on events like the Grand National.
With matched betting, you can hit a huge payout on these races for minimal risk, if your horse lands in the additional or ‘extra’ place.
Thanks to the each way matcher, you can cover the entire field of horses – or close to it – to guarantee that a horse of yours lands in an additional place.
Additional places are often worth hundreds of pounds in profit each time one lands, and without this tool it can be extremely difficult to cover more than a couple of horses at most.
Each way races aren’t for matched betting newcomers, and come once you are fully comfortable with the matched betting process – probably one or two months after you start up and have built your bankroll to a good level.
Extra Place Matcher
In June 2017, Oddsmonkey introduced the Extra Place Matcher to further improve the ease and efficiency of profiting from extra place races (my biggest earner!).
With this tool, you’re able to easily see the amount of profit you will win if your horse lands in the extra place, you’ll see your qualifying loss too, and my favourite part…
You can tick off every horse that you’ve already backed.
If you’ve already covered a horse, you can tick it off so that it no longer shows up in the Extra Place Matcher for that day.
This means the previous tool – The Each Way Matcher – is now better for picking up each-way arbs on gubbed accounts for guaranteed profit.
Would you like to make a profit on every single accumulator you ever place?
It sounds unbelievable – believe me when I say I’ve been told it isn’t possible on more than one occasion!
However, with the acca matcher, you have multiple ways to make immediate and long-term profits on your accumulators.
Like extra places, acca offers aren’t for newcomers to matched betting – they are something that comes once you are fully comfortable with matched betting, reload offers and extracting maximum value from your free bets.
With the acca matcher, you have the option to:
Lock in a small profit from the start…
Risk a small qualifying loss for a bigger profit along the way, or…
Use their +EV ‘no lay’ accas that actually will earn you money long-term, even though you are essentially ‘gambling’. We weren’t sure about their no-lays at first, but after placing around 500 of them, we are comfortably in profit and can back them up.
Locking in a profit from the start is the most common and popular form of accumulator betting on OM – who wouldn’t want to earn a profit from every accumulator they ever place?!
Their Acca Matcher is split into two parts; Acca Finder and Acca Builder.
Acca Finder is much more beginner-friendly, and will easily find you accumulators for you to place. All accumulators in this section will abide by bookmaker T&Cs, so it really makes the whole thing easy.
Acca Builder is the older version of the tool, but still my personal preference.
In Acca Builder, there is a greater onus on manually including matches that you want.
Whilst this is certainly less efficient, it helps to ensure you’ll have unique accumulators when compared to other people – meaning we’re less likely to be spotted by the bookies!
Dutching is similar to backing and laying, but instead of placing your back and lay bet, you instead place multiple back bets at different bookmakers.
The dutching software makes it incredibly easy to find two or three bookies with close odds to guarantee a profit or tiny qualifying loss when completing reload offers.
Many people ask us for help regarding setting up a matched betting spreadsheet, but with features like the profit tracker, you can track all of your bets much more easily.
You can log your unsettled bets, tick them off as complete once they’re done, calculate your profits automatically and – for the analytical folks out there – you can run reports based on your profits in certain timeframes to compare your progress and success.
When you first open the Profit Tracker, you’ll have the option to add your previous matched betting profits, so if you want it to track how much you’ve made overall (if you started before using the tracker) then you can simply add it in that way.
We don’t use the tracker ourselves as we prefer to use our own private sheets through habit, but we can definitely appreciate that it’s a useful tool, although many of the matched betting sites out there also offer this functionality now too.
Casino & Bingo Offers
That’s right, you can even exploit casino and bingo offers!
Whilst Oddsmonkey tend to focus on the matched betting offers and give them much more of a push on the site, they do still have casino offers regularly posted.
They also offer an EV calculator which helps you to work out if a casino offer is profitable or not.
There are many low-risk offers in this section. In fact…
Here’s a nice little win we had on an offer recently:
The best part…if we didn’t win, we were due a 100% cash refund on that promotion!
We praised the forum on PA for being thriving, but our Oddsmonkey forum review would have to be this: simple, efficient, effective.
They have loads of staff, moderators and helpful community members who post daily/weekly offers for everyone to jump on board with.
There is lots of social chatter too, although the primary focus for everyone is making money.
There is also the daily offer calendar meaning that if you’re in a rush, you can easily filter out the noise.
This means if you’re tight for time of an evening or weekend, you can quickly find the offers, place your bets and log out.
They also run free-to-enter competitions each month with real cash prizes.
We see some review sites claiming that other forums are busier on the sole basis that they have more members.
Old Trafford is the largest football stadium in the Premier League…it’s certainly not the noisiest!
In the real money making forum discussions – which we class as the daily football and horse racing offers – Oddsmonkey has had the been the most active (in terms of both total comments and unique commenters) compared to the largest competitor in the market on 26 of the 30 days that we checked.
It just goes to show that quality of members is more important than quantity of members – OM seem to be incredibly good at attracting the right type of customer; knowledgeable, helpful and engaged.
We don’t say this lightly…
Oddsmonkey give us the best customer service we’ve ever received from a company. Ever.
And this isn’t a one-off either, they regularly exceed our customer service expectations whenever we’re in contact with them.
Their email staff were so helpful, and when we had some initial fears we had a phone conversation that answered all of our questions.
We’ve never looked back since – and their service, along with their amazing value product, is what stands them apart from their competitors.
If you ever get stuck for any reason – whether that be with an offer, with your membership or anything else – they are more than willing to lend a hand.
All customers are also able to make use of a 1-to-1 phonecall with a matched betting expert from the team in order to overcome any new member nerves.
There are absolutely thousands of Oddsmonkey success stories, but we decided to ask members of the site themselves what their own success story was.
We’ve cherry picked a few of the best ones to include here…
This guy managed to use the company to fund a business startup:
Keeping things closer to home, one forum member had managed to save £5,000 towards a house deposit:
There were plenty of stories from people that have bought cars, paid for holidays and weddings – and even some that have wasted a lot of money enjoying themselves too!
And there was a touching story which we’re sure will resonate with a number of readers, and it was a big hit with other forum users on the site:
We give Oddsmonkey a full 5 out of 5 stars, our highest rated site for matched betting on the sports side.
We absolutely recommend the company for your matched betting, and can comfortably say that we believe they offer the best value premium matched betting membership in the entire industry, with significantly cheaper subscription fees than some of their biggest rivals.
Next, we hope they introduce some other new tools (perhaps on the casino side) to continue shaking up the industry!
Sign up for their free trial through this link and try them out for yourself.
About the Author
This post was written by Luke Jordan. Luke founded Beating Betting at the start of 2016 and ran the site until February 2020. He is passionate about entrepreneurship, marketing and video creation.