Potential profit:

Oddsmonkey Review 2017 – Matched Betting Software

In this article I’ll review Oddsmonkey matched betting software to see how useful it is to matched bettors, look at whether it is good value and compare it to it’s competition.

If you don’t know what matched betting is, take a look at my introductory Matched Betting Guide.

Oddsmonkey have long been involved in matched betting. Originally offering an odds matching tool to help you profit from free bets.

The current offering from Oddsmonkey is a £15 a month subscription membership website. This one-stop-shop gives you easy access to training, tutorials and all the tools you need for matched betting. It includes:

– 170 Training Guides in Total

– 67 New Account Offer Tutorials

– 41 Video Guides

– The Oddsmatcher Software

– A Calendar of Reload Offers Updated Daily

– A Thriving forum with over 500,000 posts

The Website

Oddsmonkey - Website Overview

It has a wealth of features but the website is organised well, with a very clean and straight forward layout.

It is worth spending some time to familiarize yourself with the layout and menus. I found it intuitive to use and I was able to find stuff I needed very quickly.

How good are the offer Tutorials?

Oddsmonkey breaks things down with very in-depth, step by step guides for the first 5 offers.

More succinct and summarised guides are used for the other 62 offers. This works well because you gain confidence in what you are doing and no longer need every minute detail contained in the beginner tutorials.

The screenshot below of the 188Bet Sign-Up Offer is an example of a typical tutorial.

This tutorial has a video guide as well. So if you do want to follow every click of how to complete an offer you can.

Oddsmonkey - Tutorial

The Best Features

Oddsmonkey offer a good all-round and comprehensive range of tools, features and offers for new matched bettors.

These sign-up offers are great when you are doing them for the first time. But there comes a time for all matched bettors when you have all your accounts.

And this is when the Daily Offer Calendar feature comes into its own. It brings all reload offers into one place for any day along with strategy on how to do them.

Oddsmonkey - Daily Offer Calculator

Would I Recommend Oddsmonkey?

Oddsmonkey service is top notch and at a cost of only £15 a month, it is an easy recommendation to make with its website packed with features and its potential to earn you many many times more in return.

It makes matched betting a seamless experience and allows you to make the most amount of money in the shortest time – which is what matched betting is about!

If you’re still unsure you can get a free trial subscription. Then if you upgrade, OddsMonkey guarantees complete satisfaction with your experience so if within 30 days of your first purchase you don’t like it they will refund your first payment, no questions asked.

 

Potential profit:

Matched Betting Explained

Bookmakers offer free bets to encourage people onto their sites during particular sporting events or to attract new customers. We are using Back and Lay betting to take advantage of these free bets, and make risk free cash.

Lets explain what these two types of bets are:

A Back Bet

A Back Bet is the type of bet we place at a Bookmaker.
For example, if we bet on Barcelona to Win a game – it is called a Back Bet because we are backing them to win.

A Lay Bet

We then place a Lay bet at a betting exchange (Betfair). This, for example, is a bet on Barcelona not to win the game. It covers the opposition team winning or the game being drawn. Back/Lay matching transforms any bet into a simple two way choice and greatly simplifies the process. This means we have all outcomes covered in the football match.

So our Back Bet and our Lay Bet cancel each other out. The point of this bet is that no matter what happens, we do not win any money and we do not lose any money. These bets we have just placed Qualify us for the Free Bet.

The Free Bet

This is where things get interesting and we start to make our profit. So the Bookmaker has awarded us with a Free Bet. We repeat the same process we used before – placing another Back Bet and another Lay Bet.

Once again our Back Bet and our Lay Bet cancel each other out. However, since we are using Free Bet money this time, instead of our own money – it guarantees us profit from our bets!