Oddsmonkey Review 2019 – Full Inside Analysis Through The Founder Interview
Estimated Reading Time: 40 minutes
Our Fact Based Honest Oddsmonkey Review Will Enable You To Evaluate If Paying Subscription Fee Is Worthwhile For Pursuing Matched Betting. The agenda of the Oddsmonkey Review is;
- Oddsmonkey Review – Introduction
- Core Competences Over The Competitions – Testified By Paul, Founder
- 5 Core Competences Over The Competitions – Our Own Analysis
- 30 Days Free Trial Offer
- Oddsmonkey Review – Conclusions
- Appendix – New Matched Betting Player Option & Brief Comparison With Other Key Premium Services
- 1. Oddsmonkey Review Introduction
- 2. Oddsmonkey Review – Oddsmonkey’s Competitive Edge Over The Competitions; Answers by Paul, Founder & Chief Technical Officer
- 3. Oddsmonkey Review – 5 Core Competences Over The Competitions By Our Own Analysis
- 3.1. 1) The Lifetime Price Commitment – Solution For Saving Your Long-Term Expense
- 3.2. 2) The Highest Quality Oddsmatcher – Solution For Better Efficiency Thus Better Income
- 3.3. 3) The Widest Range Of Software – Solution For Better Time Efficiency
- 3.4. 4) Each Way Matcher – Solution For Long Term Sustainable Income
- 3.5. 5) Coverage Of Bookmakers & Dutching Search Software – Solution For International Players
- 4. Oddsmonkey Free Trial 30 Days Offer
- 5. Oddsmonkey Review – Conclusions
Oddsmonkey Review Introduction
Oddsmonkey Review – Latest News
Collaboration With 3 Betting Exchanges – 0% Commission
Average matched bettors bet around £3,000 at betting exchange (mainly lay bet) every month. Assuming the commission is 2% and your winning rate is 50%, then 0% commission saves you around £30 = £3,000 x 50% x 2%, which already compensates nearly 2 months subscription fee of Oddsmonkey. Let’s see the details;
Oddsmonkey are teaming up with 3 Betting Exchanges to offer 0% Commission since Feb 2018, as below;
- Betdaq – 0% Commission Extended up to until 30th Nov ’19
- Matchbook – 0% Commission Extended up to 31st Jan 2020
- SMarkets – 0% Commission Extended up to 30 Sept 2019
Yes, you read it right, as long as you subscribe Oddsmonkey premium package, you can use both SMarkets & Matchbook Free Commission on all sports markets including horse racing.
How To Get Free Commission of Both Exchanges – Process
For existing Oddsmonkey Premium Subscriber with already Betdaq account, you have until midnight on the 9th December 2018 to notify Oddsmonkey that you would like to take part in the 0% commission offer by clicking this link and filling in your information. From 10th Dec 2018, you can still open Betdaq account with 0% commission as long as you input “OM4DAQ” code when you sign-up (of course you need to be Oddsmonkey Premium Account subscriber before signing up Betdaq). In case you’re not familiar with Betdaq, see Bet Exchange – Ultimate Guide To Use Betfair & Competitions Most Profitably
For Existing Oddsmonkey Premium Subscriber – If you are currently signed up to the 0% commission, then no further action needs to be taken, Oddsmonkey will automatically extend this offer until 15th January 2019 as long as you place an integrated bet at least once every 30 days using the OddsMonkey Oddsmatcher. For Oddsmonkey Premium Subscriber But No SMarkets Account Or Not Started SMarkets 0 Commission – Firstly, make sure you open-up SMarkets Account. Follow the below step by step guide;Once you have a SMarkets account, link your Smarkets account to the integration (watch the below video for how to do it) & Place a bet through Smarkets integration and 0% commission is applied to your account immediately.
For existing Oddsmonkey member who already enjoy current Matchbook 0% commission, no need to do anything. For Oddsmonkey existing & newly become premium member who doesn’t have Matchbook account, open it via Oddsmonkey as shown below then 0% commission will apply.
For Non Oddsmonkey Members
Firstly, suggest you go through this Oddsmonkey review and understand how Oddsmonkey works for Matched Betting (in case you are completely new, take a look at Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real Money). Secondary, open Free Account and look around. Thirdly, use the 30 Days Risk-Free Trial – see the details later (just before “Oddsmonkey Review – Conclusion” section) BTW, if you need Betting Exchange information about who are the best players, how to use them, what is the smart tactics to use & the best sign-up offers etc, take a look at Everything About Bet Exchange.
Oddsmonkey Review – Brief 2017-2018 Updates
We have made a mini quick research among our 30 registered members who subscribe Oddsmonkey premium service. And, the below are a few key facts;
- 30 People Location: 25 UK / 3 Ireland / 2 Continental Europe
- Stopped Subscription: 1 out of 30 (the reason is relocated to South America)
- Matched Betting Income in 2017:
Over £/€20,000: 2 £/€15,000 – 19,999: 12 £/€10,000 – 14,999: 7 £/€ £/€5,000 – 9,999: 5 Up to £/€4,999: 3 Average: Not Available because we don’t have specific income for each member but just the income range.
- Feel Value From Oddsmonkey Premium Service: Yes 30 (100% including the person who stopped)
- Intention To Renew Subscription: Yes 27 Not Yet Decided 1 (because too many bookmakers restricted the respondent’s accounts)
Cooperation with Bet Exchange
We separately got the answers regarding which services are the most beneficial for them. On top of the 5 core services we originally reviewed as you see from the next section, people appreciate Oddsmonkey’s continuous cooperation with betting exchanges such as Betfair;This was reduced commission to 2% from the standard 5% from Sept to End December 2017. As seen from the above updates of SMarkets, Matchbook & Betdaq 0% Commission, these commission deduction or free offer will bring huge savings for all matched bettors because every commission of betting exchange counts for your matched betting profit.
Oddsmonkey will increase price from 19th Feb 2018, but as shown below, they will maintain the current price for the existing customers;
We also re-confirmed that;
Oddsmonkey Review – Oddsmonkey’s Competitive Edge Over The Competitions; Answers by Paul, Founder & Chief Technical Officer
Let’s start Oddsmonkey review. 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 Competitive Edges
1) What would you think makes OddsMonkey standout in the matched betting industry (you don’t need to repeat your price commitment which we already know it as 1 of your outstanding advantages)?
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 Core Competences Over The Competitions By Our Own Analysis
Now, let us list up & analyze the outstanding advantages from our own perspective while verifying Paul’s comments as follows;
1) The Lifetime Price Commitment – Solution For Saving Your Long-Term Expense
Firstly, see the comparison of the price among 3 providers. which shows the monthly or & annual fee, the products included in the standard package & optional products requiring additional fee.
Price Comparison (with key features included in the standard package)
- No Monthly Fee but Only Annual Fee of £99 + VAT = £118.80 / Year
- Training Guides, Daily Offer Information, Matched Betting Calculators, Oddsmatcher, Forum (Face Book Private Forum with around 7,000 members)
- Add Features With Additional Fee – Bonus Bagging (for Newbie), Accumulator Generator (similar to ACCA Matcher & Fee £100 + VAT = £120 / Year), Each Way Sniper (similar to Each Way Matcher & Fee 1 time payment of £47 + VAT = £56.4 ), EV Maximiser (Slot EV Calculator & Fee 1 time payment of £49.99 + VAT = £59.99)
- £17.99 / Month or £150 / Year and £14.99 Month or £125 / Year for loyal user (from the 2nd year)
- Training Guides, Daily Offer Information, Matched Betting Calculators, Oddsmatcher, Forum (In-House Forum with around 20,000 members), Match Cacher (Horse Racing), ACCA Cacher, Each Way Matcher (Horse Racing) & Dutching Matcher
- £17.99 / Month or £150 / Year and Life Time Price Guaranteed
- Training Guides, Daily Offer Information, Matched Betting Calculators & Advanced Calculators, Oddsmatcher, Forum, Racing Matcher (Horse Racing Offer), Each Way Matcher (Horse Racing), Tennis Matcher, ACCA Finder & 4Types Of ACCA Matchers, Tennis Matcher, Dutch Search
When it comes to the price, there seems to be no significant difference among 3 competitions. Don’t forget, new subscriber can recover even the annual cost less than 1 week.
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. PA (Profit Accumulator) recently introduced £14.99 per month or £125 per year for loyal customers who stays over 1 year. Obviously it aims to stop switching from PA to OM. However, OM’s level of commitment to the loyal users looks far stronger than PA’s tactical action.
2) The Highest Quality Oddsmatcher – Solution For Better Efficiency Thus Better Income
I said Efficiency is the key criteria 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 (it already covers 2/3rd of the annual subscription fee).
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 offers that can be simultaneously pursued with other offers. For example, Mint Bet (never heard about it? It’s a new bookie I found in Oddsmonkey) offers Bet £10 x 10 Get £10 Free Bet every week. It also offers Red Card Refund for football match bet. What I do is combining these 2 offers, means I bet 10 Football Match Result market, if I hit Red Card match 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.
Overall, the quality of the oddsmatcher is the highest and other paid service matchers have the filters, but can’t be compared with the Oddsmonkey.
3) The Widest Range Of Software – Solution For Better Time Efficiency
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).
Oddsmatcher & other advanced software provides you with probably better efficiency than any other competitors with the highest quality supported by in-house technical staffs.
4) Each Way Matcher – Solution For Long Term Sustainable Income
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 / 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;
Oddsmonkey is the most advanced & value for money software tool in this category because other providers either ask for additional fee or still in the beta stage.
New Development – Extra Place Matcher
For this particular category, please see the below correspondence with Paul;
3) It will be great if you can share your strategic vision on your future business. You previously said “we have more software coming soon”, yes we understand you always strive for continuous improvement. Is there specific new features you can share now?
Extra Place Matcher Update
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 new development 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 Oddsmonkeyy paid service.
The Latest New Development – Betfair Integration
This is a newly launched cutting edge system based on the cooperation with Betfair. In a word, this will further improve your efficiency especially for your laying speed. Visit the guide, I’ll attach the explanation video as below for your convenience; Oddsmonkey’s continuous improvement is very impressive and I like it.
5) Coverage Of Bookmakers & Dutching Search Software – Solution For 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. It’s true that earning potential may be limited but definitely there are decent opportunities.
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?
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, which is not observed in the other providers.
For your convenience, access to Odds Monkey You Tube Library;, where you find a series of video instructions about how Oddsmonkey works.
Oddsmonkey Free Trial 30 Days Offer
The link will automatically give you the OddsMonkey 30 day trial. No oddsmonkey promotion code required, just upgrade to premium account at £17.99, get full Oddsmonkey benefits. If you don’t value it, just send refund request to firstname.lastname@example.org Then, you will get full £17.99 money back within 2 days with no strings attached (you are not required to provide any reasons).
Oddsmonkey Review – Conclusions
Judging from all the above competitive edges analysis, I would say OddsMonkey is the clear winner among the big 3 matched betting premium service providers at this moment in time. Or 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;
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 has alternative way to keep making money even if the bookies change their business model to Pinnacle Model. In their forum, there is a thread of Full Time Matched Betting; I am personally not for the notion but suggest it be an Extra Income as explained in 3 Smart Ways To Make Fast Extra Money Online & Why We Need Extra Income. However, for those who consider it, Oddsmonkey must be the most appropriate service.
Therefore, I can’t see any reasons not to take the advantage of my free services as a starter. However, once you reach certain level you may want More Efficiency. The key factors to enhance efficiency are 2 folds of;
- Daily Update of Tens of bookies’ Offers
- Instant Identification Of The Best Opportunities
The edge of My site & program is a Comprehensive Instruction & Spreadsheet on every type of offers, which allow you to lock-in profit on many of them. Many of my readers say the step by step instruction by using the real example may exceed the quality of the paid service ones. However, the shortfall is that due to my limited resources, I can’t update every offers of the bookies all the time. But the paid services give you full update even up to the level you may not be able to absorb. The another point is a software. We identify the matched betting opportunities by using free software. However, the paid services provide you with sophisticated software to identify the chances without even a minute delay which gives you great efficiency especially for the advanced categories. So, who needs More Efficiency? I would say you can easily earn £500 – 1,000 / month from my free program. If you already earn this level and search the way to increase it rapidly, you may want to read this document further. Otherwise, suggest go Amazing Free Program.
Who Are Major Players in the Matched Betting Premium Services? & Who Is The Best?
Currently, there are 2 established matched betting premium service providers in addition to Oddsmonkey. In fact Oddsmonkey is the newest major player as a full service provider although they have a long history as an oddsmatching software provider. Let me briefly talk about the 2 contenders. The first one is Profit Maximiser (PM) run by Mike Cruickshank. Mike is actually a forerunner to turn the bookies offer into the organized system. His Bonus Bagging is one of the first movers that commercialized the service, which contributed to the rapid popularity of the matched betting in UK / Ireland. Please see my full review of Profit Maximiser – The Engineer Of Matched Betting Success, Is It Still Good?; Then, Profit Accumulator (PA) came in by largely copying Profit Maximiser’s service structure. PA have become the most popular service initially by aggressive marketing strategies but actually provided high quality services. Please also see my full review of Profit Accumulator Review – Should We Believe 20,000 Members’ Earning Claim?; These 2 services were the best & most popular matched betting full package services until Oddsmonkey renewed its service in April 2016.
Brief Wrap Up – Who Is The Best?
Profit Accumulator is by far the biggest provider in the industry. Their site is tidy, user friendly and the level of collective wisdom in its forum looks great at least in quantity (20,000 members are there).
Profit Maximiser may have lost competitiveness against Profit Accumulator in almost every aspect. The only edge Mike seems to have is Casino area. Especially, EV Maximiser is a useful tool to pursue Slot Opportunities although Mike charges additional fee for that.
Oddsmonkey relaunched with more matched betting tools (software) with a lower price in April 2016. It has created a lot of buzz in various public places such as moneysavingexpert or reddit etc. A lot of Profit Accumulator customers switched to Oddsmonkey. Profit Accumulator as a market leader have made several counter-measures to recover their ground such as price down & adding the optional tools into the standard package. So, Oddsmonkey vs Profit Accumulator, well, I personally feel Oddsmonkey’s customer centered business approach coupled with experts resources are able to stay ahead of the pack. Means, at this moment in time, Oddsmonkey seems to provide the best value among all the competitions for long-term. So, whatever questions you have in your mind, don’t hesitate to contact us – Click the Face Icon on the right. I as a live subscriber to their service will make my best to answer your concerns. Good Luck. Joshua Walker