Oddsmonkey is a highly rated subscription service that teaches you how to make money from bookmakers free bets and other daily special offer promotions.
In over 3 years I’ve made well over £30,000+ from Matched Betting (not gambling), the one side hustle anyone can do from home, even if they have no experience.
Whether you are totally new to Matched Betting or have tried out other services this review will let you know what OddsMonkey can offer you to boost your tax-free monthly profits further.
- What Is Oddsmonkey?
- OddsMonkey Free Trial (Make £32 profit)
- Premium Membership
- OddsMonkey Software
- Oddsmonkey V Profit Accumulator
- Make Extra Money Tips
- How to Cancel
What Is OddsMonkey?
Oddsmonkey is a Matched Betting subscription service.
If you don’t yet know what Matched Betting is, check out my Ultimate Matched Betting Guide with Profit Boosting Tips from the Start.
In short, Matched Betting is not gambling, it’s a totally valid and legit way to exploit tax-free profits primarily from bookmakers offers and promotions. To a lesser and more advanced degree, it also includes profiting from casino offers which have the odds in the player’s fav.
The crunch is, Matched Betting is one of the best ways to realistically make £300-£500+ a month tax-free (some people make a lot more, one month alone I made £4900+.
To assist in achieving a profit OddsMonkey provides detailed instructions on all the offers available across as many bookmakers and casinos as possible.
They also provide a wide range of tools and calculators which make completing the offers so easy. Albeit, some are easier than others. They are all certainly easier than when I started and had to use various confusing spreadsheets.
OddsMonkey is arguably one of the best services, one main competitor to which I compare it within this review.
All other services don’t come close in comparison in my opinion.
Is OddsMonkey A Scam Or Legit?
Some people may have come across mention of Matched Betting and wondered whether it’s a scam or legitimate way to make money.
This is totally acceptable as in may ways it does seem too good to be true and most things that are, turn out not to be.
I can clearly say OddsMonkey is totally legit in terms of offering a Premium Matched Betting service that will help you make real money.
Once you join, be sure to visit many areas of the community forum and join in with hundreds of like-minded members making money from the offers and tools.
If you have any doubts, they will soon be laid to rest.
Oddsmonkey Free Trial
One of the best things about Oddsmonkey is that you can take a totally free trial.
Just sign up and see for yourself whether Matched Betting and Oddsmonkey are as good as everyone says they are.
Make Your First £32 Profit From 2 Sign Up Offers
Within these 6 steps, you will learn the basic principles of Matched betting.
- Matched Betting Intro
- Betting Exchanges
- The OddsMatcher
- Understanding Liability
Matched Betting Intro
This tutorial explains the basics of Matched Betting, laying the foundation of knowledge.
This tutorial will guide you through signing up to 3 betting exchanges.
- Betfair (written and video instructions)
- Smarkets (written instructions)
- Betdaq (written instructions)
You’ll be able to take advantage of any or all of the betting exchange sign-up offers. These might be bonus sign up offers or 0% commission offers which increase your profits for every exchange lay bet you do.
The Oddsmatcher is the tool you will use to find close odds for matching your bookie bets and betting exchange lay bets.
You’ll also use it to find profit matches for your free bets.
Its use is limited under the free trial to the bookmakers under the trial.
Steps 5 and 6 – Bookmaker Offers
Each of these 2 steps is designated to a bookmaker.
Currently, they are Coral and SkyBet.
For both offers, you have full written guides and accompanying video showing you step by step how to complete the offers.
Once you have completed all 6 steps under the free trial it’s decision time.
Do you want to repeat these steps with typically over 60 sign-ups offer, or quit?
Most people who want to make tax free money take up the membership
OddsMonkey Premium Membership
Although you have to pay for the Premium membership, it’s possible to typically make the money back in just 1 or 2 offers each month.
See at a glance in this 3 min 8-second video. The first minute or so explains what Matched Betting is for complete newbies.
If you already have some idea and want to skip to see what’s in the Premium membership for beginners to experts alike skip to 1 min 20 seconds.
New Account Sign Up Offers
As a new member, you will start off working through the Bookmaker sign-ups.
These are very similar to the 2 you completed under the free trial, although they do vary.
Some offer much larger free bets so you’ll make even more profit.
At the time of writing, there are over 60+ sign-ups with full instructions on how to make a profit.
They also list bookies to avoid.
Once you have completed a large number of sign-ups or all the ones you want to do you move on to Reload offers.
Reload offers are offers and promotions for existing bookmaker customers.
There’s a huge range of offer types and this is where the different calculators and tools start coming into use.
Medium to long term, the bulk of Matched Betting profit comes from these types of reload offers.
Bingo and Casino New Account Sign Ups
Bingo and casino signs ups are another option for a profit.
At the time of writing, there were 50 offers.
Some individually may not seem that lucrative, maybe a few free spins.
However, the casino may well be one that goes through phases of sending free spins and similar offers to your email once you’re signed up.
If you’re not sure about casino offers at first, stick to risk-free offers where you can’t lose any money.
Definitely see my “make extra money tips” below for these as well as there’s usually more money to be made.
Oddsmonkey offers all the tools you could wish for.
If you are new to Matched Betting, many of these tools and calculators won’t make much sense to you.
Don’t be too concerned or overwhelmed.
If ever you need to use one you are taught how via tutorials. Some you may never use.
I’ve listed them below and just point out any extra features that might be worth being aware of if you use any other service.
You will use the OddsMatcher in the Oddsmonkey free trial, but limited the odds for the bookmakers in the trial.
The Premium OddMatcher features approximately 85 bookmakers you can profit from.
You can filter results and save them for use at any time.
Set varying commissions for the exchanges so the results are personally accurate for you.
Key Feature: One key feature is the OddsMatcher alert.
If you set a filter and there are currently no results you can take the option of having an email alert when a match does become available.
This is ideal for offers where you may want to get on as many close matches as possible, such as profiting from Bet 365 2Up refund offers.
It’s also ideal for arbing bookies for profit.
OddsMonkey has all the Matched Betting calculators you could possibly need.
These will help you easily tackle all kinds of various reload offers.
- Standard Calculator
- Dutching Calculator
- Early Payout Calculator
- Each Way Calculator
- Rule 4 Calculator
- Dead Heat Calculator
- Each Way Reverse Calculator
- Each Way Extra Place Calculator
- Unwanted Lay Calculator
- Sequential Lay Calculator
- Risk-Free Equal Profit Calculator
- Sporting Index Calculator
- Trigger Bet Calculator
- Estimated Value Calculator
- Win Bonus Calculator
Matched Betting Tools
These tools will assist you in completing a wide range of offer types as easily and simply as possible.
- Odds Matcher
- Racing Matcher
- Tennis Matcher
- Each Way Matcher
- Dutch Matcher
- Extra Place Matcher
- Acca Finder
- Acca Builder – No Lay
- Acca Builder – Lay At Start
- Acca Builder – Lay Sequential
- Acca Builder – Lay Sequential Lock-in
The Profit Tracker is a great tool to track your Matched Betting profits and keep you motivated to keep the momentum going to make more profits when you see your total rising and rising.
Profit amounts can be added directly from any of the OddsMonkey Tools or manually.
It also allows you to check your stats, see where you’re making money. Also to see actual profits compared to expected value profits from casino offers.
The Daily Calendar features all the daily reload offers that are sent to existing customers after the sign-ups.
You can use various filters to assist you in focusing on the most suitable offer types for you
If you’re early stages of your pot it’s wiser to focus on the guaranteed profit offers.
- New First
- Start Time
- Up Votes
- Down Votes
So as you can see, quite a range of filters which you can then sort accordingly.
Every offer has a link to a relevant forum thread, so if you’re unsure about anything or want to share your experience to help others you can.
There’s so much value in the forum I recommend everyone member spend some time in their daily to learn something new or directly make extra profits.
Members are really friendly and helpful and the more value everyone shares the more everyone can earn.
At times as offers change, it can really give you a sense of which is the current best money making offers and a guide of where you should be maybe prioritizing your efforts.
You can also set alerts up to posts for key threads you are interested in.
For example for time-sensitive price boosts or free casino offers etc.
As a companion to your premium membership, OddsMonkey has launched a new app available on both Google Play and the Apple App Store.
The app features:
- 6 Betting Calculators
- Daily Offers Calendar
- Community Forum
- Beginner Guide
- Training Guides
OddsMonkey V Profit Accumulator
When it comes down to it these are both 5 star ***** Matched Betting Services.
No other service comes even close to these 2.
My personal preference is Profit Accumulator. For me, the forum played a huge role in my boosting my profits. It was far more active than Oddsmonkey. I’ve highlighted some of the key forum threads I follow in my Profit Accumulator review.
A lot more members post price boosts and free spins as well as arbs and close matches for major offers in the forum. As well as many other areas. However, activity seems to be increasing at OddsMonkey.
Membership Price (OddsMonkey v Profit Accumulator)
Profit Accumulator offers an annual loyalty rate renewal at £125, so £10.41 a month (I’m in my 4th year so quite an added saving).
OddsMatcher (OddsMonkey v Profit Accumulator)
Both improve their software all the time, so these may change.
Profit Accumulator Oddsmatcher refreshes, so you can leave it open on your laptop and it’s easier to spot opportunities.
OddsMonkey Oddsmatcher has an email alert function.
Community (OddsMonkey v Profit Accumulator)
I’ve made a lot of my profit from advice and opportunities posted in the Profit Accumulator forums.
Profit Accumulator has been open longer than OddsMonkey and seemed o have more experienced Matched Bettors in the forum sharing their experience and opportunities they found.
Customer Support (OddsMonkey v Profit Accumulator)
Both have excellent and speedy customer support whether you contact them direct or communicate with admin and support in the forums.
Which is the best?
I’ll let you decide, feel free to let me know in the blog comments.
Often what it comes down to is a personal choice.
I would try both under the free trials and stick with the one you prefer.
They are both 5-star services
Ignoring my personal long term membership bias for Profit Accumulator, they are both worthy.
Option – Try Both?
One option is to try them both out under the free trial and see what format is most suitable for you.
If you are a total newbie you can profit from the different offers under the free trials.
Ultimately that’s what I think it comes down to, personal choices of 2 quality services.
Sometimes as you become more advanced or are maybe Matched Betting almost full time there are times when it can pay to be a member of both.
Make Extra Money Tips:
If you are just starting out with OddsMonkey sign-ups to bookmakers and later casinos, in many cases you can also combine profiting from the OddsMonkey instructions and get cashback.
I’ve made hundreds of extra pounds doing this and know of people making a lot more if they keep a regular eye out for them.
I’ve covered examples in my full TopCashback review.
If you are not yet a member, both these cashback sites are well worth joining
Refer A Friend
When you start making money every month you may want to share the opportunity with your friends or social following.
At the time of writing, OddsMonkey pays £15 for every friend you recommend who takes up the Premium Service.
OddsMonkey also has an affiliates program that is more suitable for anyone who has a website. It’s what I use for links on this page.
How To Cancel
If for whatever reason you choose to cancel any form of membership it’s always good to know it’s easy to do so.
Al you need to do is click on your profile number or profit avatar in the top right-hand corner of the page.
This will take you to the “Account Details” page.
On the right-hand side, under OddsMonkey Premium, you’ll see the bill payment card symbols.
At the base of these is “Would you like to cancel your subscription”.
Have you taken advantage of the free trial? How did it work out?
If you are already a member, what’s been your experience, how much money have you made?
Please share in the comments I’d love to hear.
Also, if you have any questions, please ask too.