OddsMonkey Review 2020 – Can You Go Full Time?
Estimated Reading Time: 22 minutes
The “Show” box underneath displays Full Contents of OddsMonkey Review & Jump Links for your convenience.
- 1. OddsMonkey Review Key Summary
- 2. Oddsmonkey How does it work / how to use oddsmonkey
- 3. Interview with the Founder Paul King – Competitive Edge
- 4. OddsMonkey Review – 5 Key Competences
- 5. Oddsmonkey Review – Conclusions
OddsMonkey Review Key Summary
Oddsmonkey is a matched betting subscription service, founded in Aug 2011 by a software developer Paul King. Paul created Oddsmatcher software and originally provided it to other matched betting services but decided to start full-fledged package service on its own in April 2016.
OddsMonkey have helped way over 150’000 matched betting members on their individual profit journeys and claim;
We pride ourselves on providing best in class customer support and tools to make each and every member’s matched betting experience as valuable and profitable as possible with maximum efficiency.
Make a Living Oddsmonkey
“Can I go full time OddsMonkey?" is one of the most popular questions we receive. In Oddsmonkey forum, there is a poll about “Matched Betting Full Time Job". The result shows;
Although the sample size is not big but at least 100+, means statistically viable and 23% of the members are actually “make a living matched betting using OddsMonkey service".
We are personally not for this notion but suggest it be an Extra Income as explained in 3 Smart Ways To Make Fast Extra Money Online. However, for those who consider it, Oddsmonkey must be one of the right choices, so see our review or start a free trial.
The below table covers OddsMonkey key information;
|Is OddsMonkey Legit?||Yes, operated by Dotnetpages Ltd / Company number 07711804 / Companies House filing history|
|Main Services||Tutorial: Full training guides & videos / Offer: Daily offer calendar / Software: Matchers for Odds (Oddsmatcher), Dutch, Racing, Tennis, Each Way & Extra Place, Acca Finder & Acca Builder (4 types) / Tools: Profit tracker, 16 Calculators & 15 Spreadsheets|
|Casino & Bingo||Casino Hub: Low risk £500-600 new account & £100 reload offers constantly available / Bingo: Focus on guide|
|Forum||5000 unique visitors, 50+ new users reaching the forum daily, over 1,000 new posts a day, with around 50+ topics created.|
|Exchange 0% Commission||Teamed up SMarkets & Betdaq to constantly offer Zero commission.|
|Actual Earnings||£300 per month – full time student Connor / £650 per month – housewife Ailsa / £1,400 per month – full time job holder Gavin|
|Pricing||£17.99 a month or £150 for the year – see the latest.|
|Is Oddsmonkey safe?||Even you pay full annual fee of £150, you will recover it within a few days, so, pretty good risk & reward ratio.|
|Free Trial||Yes, register here – you can earn up to £45.|
|Money Back||You can cancel subscription at any time and get money back within the first 30 days (Refund T&C)|
|Alternatives to Oddsmonkey||See comparisons of 3 services to find their latest offers.|
*Since you have come to Oddsmonkey, I assume you understand matched betting though, just in case you don’t take a look at matched betting for dummies.
Oddsmonkey How does it work / how to use oddsmonkey
Probably, the below David’s story (self employment Oddsmonkey real user) will give you a good insight on how Oddsmonkey work as a second income;
Interview with the Founder Paul King – Competitive Edge
I communicated with Paul to get his opinion about OddsMonkey’s core strengths over the competitors as well as his overview on Matched Betting industry & oddsmonkey’s vision. Let’s start up with Competitive Edges as follows (I’ll introduce the other comments in the appropriate sections later), blue part is my question and green parts is Paul’s answer;
OddsMonkey vs Profit Accumulator vs Profit Maximiser
1) What would you think makes OddsMonkey standout in the matched betting industry?
Customer support – We are passionate about ensuring our customers receive an exceptional level of support and assistance when necessary. We have worked hard to build a team of industry experts that share my original ethos of always putting the customer first and ensuring that we make the process of learning and using our software as easy and pleasant as possible. You can see the current OddsMonkey team and read a little more about them here.
Amazing software – I developed the first OddsMatcher software, that made the process of matched betting quicker and easier, in 2009. Since we relaunched OddsMonkey as a full matched betting service in 2016, we have assembled an extremely talented in-house technical team that allows us to support the existing software and also to innovate by enhancing existing tools and developing new software and features to ensure that our customers have as many ways as possible to earn regular guaranteed profits every month. You can read more about how and why I created the original oddsmatcher on our blog here. The nature of working with so much 3rd party odds data means that there’ll always be the occasional technical issues that crop up, but by having our own in-house tech team, we’re able to respond quickly to any problems as soon as they arise.
Open and friendly Community – We pride ourselves on hosting a community forum that is friendly and helpful for beginners, advanced matched bettors, and everyone in between. We have dedicated staff that are available in the forum between the hours of 9am-9pm ready to help out with any specific questions from our customers. As well as our own staff, we are fortunate enough to have some extremely knowledgeable premium members who are on hand to help out other members, swap stories, share successes – it really is a great place to meet people that are interested in matched betting and discuss making money using our software. We do not prohibit the discussion of other matched betting websites as we welcome feedback if it can be used to improve our own service. Historically we have been advised that some customers preferred a way that a competitor’s tool worked (which was charged as a separate product at considerably more than our monthly fee) and we took this feedback on-board and used that feedback when designing a new version of that particular product. I’m pretty sure you can’t discuss OddsMonkey on our competitors’ forums. We feel this is a strong indication that we are dedicated to being the best at what we do, and are not interested in deleting genuine posts or comments just because they mention a competitor website.
OddsMonkey Review – 5 Key Competences
Now, we will list up & analyze the outstanding benefits of Oddsmonkey (OM) while quoting Paul’s comments as follows.
1) The Lifetime Price Commitment
Lifetime Price Guaranteed
Since I heard a lot of rumor about Oddmonkey’s lifetime price guarantee, I sent a below inquiry before making the further Q&A shown in the above; “I'm reviewing your service and will publish it in my site. As a part of listing your core strengths, I am very curious about your price commitment. I understand you have kept your old £5.00 per month to the customer who had started subscribing your original odds matcher even after you renewed your business & started providing the current full-packaging service, am I right? It’s based on your principle of rewarding to your loyal customers which will apply to the existing members. Means, you will not change the price but frozen the current price of £15 / month to the existing members even if you introduce any price hike in the future. Do I understand correctly? Please confirm, add your comments or amend my understanding if I’m wrong. I’ll copy & paste your whole answer in my review.“
The below is the immediate answer I received (in screenshot) from Paul;
I really like his commitment to the loyal customers. So, if you sign up while the price is £15.00 per month and they increase it at some point in the future, you’ll continue to pay £15.00 per month for the lifetime.
2) The Highest Quality Oddsmatcher – Better Profits
Efficiency is a key criterion for the paid service. Matched Betting is all about scalping profits by capturing good opportunities as many as possible. Oddsmatcher is the very basic tool but makes a significant difference in this regard. Although you can start Matched Betting even without oddsmatcher, and there are a few decent Free Software I used in my instruction documents, usually free software’s update is 20-30 minutes behind. This is critical especially short-lived odds such as horse racing.
Oddsmonkey Oddsmatcher is needless to say Real Time with almost No Bug or Technical Glitch. It actually supports Paul’s comment of;
How Efficient ? – Free Bet Extraction Rate
Let me put in this way. We generally assume 80% extraction from Free Bet, and yes it is average as long as you use Free Matcher. However, the paid service matcher will improve it to 85%, and Oddsmonkey’s oddsmatcher make me constantly achieve over 90%. Assuming you get £/€1,000 Free Bet per month, 10% extraction improvement is worth £/€100 additional income per month.
How Efficient ? – No Opportunity Loss
If what you’re looking for is currently not available, you can save your filter and set Alert e-mail. It’s very convenient for regular offer, say Bet365 Bore Draw. It’s every day offer thus you filter “Football" “Correct Score & HT/FT", and you may want to set Profit Requirement & Minimum Liquidity based on your preference. Then, you will receive e-mail when the opportunity arises.
There are many weekly loyalty free bet clubs that can be simultaneously pursued with other offers such as Red Card refund or Bore Draw refund. What I do is combining these 2 offers, means I place Football bets required by the weekly free bet club. If I hit Red Card or Bore Draw then get refund, even not I can fulfill the weekly free bet requirements. Since I want to minimize qualifying loss, I set match rating to 95% & set Alert. BTW, your bet that gets refund from other offer is not usually counted for the loyalty offer, just FYI.
It saves hours of scouring the sites and allows you to cover so many more events that you wouldn’t have done otherwise.
3) The Widest Range Of Software – Capture Every Opportunity
On top of the Oddsmatcher, Oddsmonkey provides you several advanced tools to capture earning opportunities in major type of offer or sports categories. Namely, ACCA Matcher / Finder (Football), Racing Matcher (Horse Racing), Each Way Matcher (see the next section for details) and Tennis Matcher;
Since Tennis Matcher is the tool provided by only Oddsmonkey, let’s take a look at how it works. It’s extremely useful in major tennis event such as grand slams. Many bookies conduct promotions intensively, and the below Betfair’s Profit Guaranteed Offer of “Place 5 Bets & Get A Free Bet" for French Open is one of them; Tennis Matcher displays all the major offers by bookie, and when you chose Betfair, the current best opportunity (the tightest odds match) is shown as below;
So, the above table gives you 2 arbing opportunity, means qualifying profit rather than loss. These software will greatly help you save your time to identify profitable opportunities when you have specific bookmaker’s offer in mind (or you will find the on-going offers in the matcher).
4) Each Way & Extra Place Matcher – Sustainable Long-Term Income
Each Way Matcher
All the matched bettors are aware that the biggest obstacle to achieve sustainable long-term profit is Bookies’ Account Restriction a.k.a. Gubbing.
Each Way Betting is just a standard way of betting that is not related with bonus or offer. Therefore you can keep placing each way bet after your account is gubbed. Each Way Arbing (in case you’re not familiar with it, find it more in Each Way Arbing – The Way To Guarantee Profit Even In Your Restricted Account ) is the way you can completely exploit your gubbed account. As remarked in my document, one of the hardest issue is finding the opportunity. This Each Way Matcher will constantly provide you with the Arbing Opportunity as below;
Like all the other software, when you click Open Calculator, the specific instruction, namely how much stake you can stake in which bookmaker at what odds as follows;
Extra Place Matcher
When it comes to Extra Place Opportunity, we have Spreadsheet in How To Make Profits from Extra Place Offers EVEN in Your Gubbed Account With Lay Calculator. However, Oddsmonkey’s software is far more efficient. The software is like below; The image speaks volume. For every race where bookmaker(s) offer extra place, the software list the highest profitable horse with specific stakes (back, lay win & place) in which bookie & exchange(s). The top row info indicates, you will incur £1.33 qualifying loss but if “Havre De Paix" finishes the extra place of 5th your profit will be £91.17. The effective odds is 69.5, which is absolutely worth pursuing. The Extra Matcher always provides you with such juicy opportunities. That’s the value of OddsMonkey paid service. Try Free.
5) Coverage of Bookies & Dutching Software – International Players
Many sites introducing matched betting says matched betting is for UK/Ireland only. Therefore most of the players outside UK/Ireland seem to give up, which shouldn’t happen.
Please see my question & answer from Paul as follows;
4) What about your view on the overseas market. Nearly half of my GEM’s registered members are from outside UK. So far, the matched betting is pretty much UK/Ireland opportunity, but there are many bookies that offer attractive promotions, even in the absence of Exchange, arbitrage or Dutching method can be applied. Would you have any chance to expand your service to the prospective customers outside UK/Ireland as a next stage, if so how?
Importantly, Oddsmonkey’s oddsmatcher trace around 130 Bookmakers that is by far the largest coverage in the industry. It includes many outside UK/Ireland bookies such as Australian (William Hill au, Ladbrokes au, Bookmaker au etc), Asian (SBO) & Caribbean (Betonline & Bookmaker.eu etc).
So, on top of the European members Paul mentioned, it paves the road for many other international players. Actually outside UK/Ireland, there are several excellent bookies that don’t gubb you, which you will find the details in List of 20 World Best Online Bookies That Never Restrict Your Account and World 11 Best Offshore Betting Sites Offers that list their latest offers.
Needless to say Oddsmatcher finds every opportunities for those bookies. Even in the areas where the betting exchange is not available, the Dutch Search constantly finds you the opportunities of matched betting when the bookies offer any promotions or arbing as follows;
Oddsmonkey’s bookies coverage is the largest including outside UK/Ireland. Coupled with available tools, they can provide the international bettors with decent matched betting opportunity.
Oddsmonkey Review – Conclusions
Judging from all the above competitive edges analysis, OddsMonkey is obviously worth the money as probably the top matched betting service. And I would personally feel it could last for long time as long as they have Customer First Culture with Open Mind, which are reflected on their forum policy & the way of continuous improvement.
Let me quote Paul’s comment again for these particular aspects;
Lastly, let me show you Paul’s comments regarding the Matched Betting Industry Forecast as below;
2) Could you share your view on how the matched betting industry will evolve for long term? You may want to include possible threat & opportunity such as bookies business model change (from heavy reliance on promotional activities to Pinnacle approach?) or Law Enforcement on Banning Gub etc?
I agree with Paul. As I said in my Beat The Bookies By Knowing How Your Enemy Makes Money – Secret Of Odds, given the success of promotion driven model, it’s quite unlikely that the bookies will cease the offers. Means the matched betting industry will have large chances to keep growing. Oddsmonkey have alternative methods to keep making money even if the bookies change their business model to Pinnacle Model.
So, whatever the way you utilize Oddsmonkey, you will surely make an additional income with basically risk free, start a free trial.
Please don’t hesitate to contact us if you have any questions. I as a live subscriber to their service will make my best to answer your concerns.
Joshua Walker (bio)
Editor – Global Extra Money (GEM)