#oddsmonkey

Matched betting is a smart, low-risk strategy that allows you to profit from the free bet offers provided by bookmakers. If you’re new to matched betting or looking to improve your results, OddsMonkey is one of the best tools available to help you succeed. In this guide, we’ll walk you through how to use OddsMonkey effectively for successful matched betting.

What Is OddsMonkey?

OddsMonkey is a comprehensive matched betting platform that provides users with essential tools, calculators, tutorials, and a community to maximize profits from bookmaker promotions. It helps users find the best offers, compare odds, and execute matched bets with confidence and accuracy.

Step 1: Create an OddsMonkey Account

First things first, sign up for an account on OddsMonkey. They offer a free trial period for you to explore the platform and see if it fits your matched betting needs. After the trial, a subscription unlocks full access to all features, which is well worth the investment if you want to consistently make profits.

Step 2: Understand the Basics of Matched Betting

Before diving in, make sure you understand the core principles of matched betting:

Back bet: A bet placed with a bookmaker on an outcome to happen.

Lay bet: A bet placed on a betting exchange against the same outcome.

Free bet: A promotional bet from bookmakers that you use to generate risk-free profit.

OddsMonkey provides easy-to-follow tutorials and videos explaining these terms and the matched betting process, perfect for beginners.

Step 3: Use the Odds Matching Tool

One of OddsMonkey’s most powerful features is the Odds Matching Tool. This tool scans hundreds of bookmakers and betting exchanges to find the closest matches for your back and lay bets. Matching odds accurately reduces your liability and ensures a guaranteed profit.

Simply select the sport and event.

OddsMonkey will display a list of the best odds to back and lay.

Use this information to place your bets on the bookmaker and exchange.

This tool saves time and eliminates guesswork, increasing your matched betting success.

Step 4: Use the Matched Betting Calculators

OddsMonkey offers several calculators designed for different types of bets:

Qualifying Bet Calculator: Helps you calculate stakes for the initial qualifying bets where you usually risk your own money.

Free Bet Calculator: Calculates how much to lay on the betting exchange to maximize profit from your free bets.

Each-Way Calculator: Useful if you are placing each-way bets.

These calculators ensure you place the correct stakes and lock in profits without manual errors.

Step 5: Follow Step-by-Step Offers and Tutorials

OddsMonkey regularly updates their platform with current bookmaker offers. Each offer comes with a step-by-step guide explaining:

How to register or qualify for the offer.

How to place qualifying bets.

How to use the free bet.

When to cash out and calculate profits.

Following these detailed guides minimizes mistakes and increases your chances of success.

Step 6: Track Your Progress with the Profit Tracker

A standout feature of OddsMonkey is the Profit Tracker, which allows you to monitor all your bets and profits in one place. You can:

Log every qualifying and free bet.

See your overall profit in real time.

Analyze your betting patterns.

This helps you stay organized, motivated, and ensures you don’t miss any opportunities.

Step 7: Engage with the Community

OddsMonkey has a thriving community forum where users share tips, strategies, and support. Engaging with other matched bettors can provide valuable insights and keep you updated on the latest offers or changes in bookmaker terms.

Tips for Maximizing Success with OddsMonkey

Be consistent: Regularly check for new offers and complete them promptly.

Double-check your bets: Use the calculators and tools to avoid mistakes.

Keep records: Use the profit tracker and maintain your own notes.

Stay informed: Read community forums and updates from OddsMonkey.

Practice responsible betting: Only stake what you can afford and understand the process.

Conclusion

Sports betting can be a good way to make some extra cash provided you have luck on your side by betting on the teams which always win or the selections that win. However, the world of sports betting is very volatile and anything can really happen which makes it all the more difficult to actually make a profit from normal sports betting where you are gambling. Thankfully there is a system out there where you can make a profit from sports betting every time you place a bet. This system is called matched betting. Matched betting allows you to make risk free profits from the expense of the bookmakers offering you free bets and bonuses. Instead of gambling with these bonuses and free bets offered to us by the bookies, we can actually convert them into rewarding profits no matter what happens in the final result of the game. With a bit of use of maths and knowledge of betting, you can do this today, it really is that easy to do. 

Matched betting is only possible thanks to betting exchanges which exist out there on the internet because not only can you back a selection to win, but you can also lay a bet to win. So if you back a team to win at the bookmakers and then lay the same team to win at the betting exchange, you have covered all possible outcomes which means you will make a profit no matter what happens during the game and once settled you will see the profits appear in your balance. This is a fun way to make money from betting too as it guarantees you a profit every time you click “bet” on your screen. So instead of relying on luck to make money from your sports betting activities, you can start matched betting and make a profit on your very first bet. This is much better than leaving it to chance and potentially gambling with your hard earned money. Plus when you consider you are also spending your time to place the bets, surely you want to be paid for your time otherwise you are losing money and wasting your time also. 

Matched betting is a great way to make money from the internet whilst being in the comfort of your own home. First of all though, you will need to learn how to correctly and successfully make money from matched betting as it is not a straight forward process from the beginning. As the world of matched betting has grown in popularity over the past 3 years, so has the popularity of matched betting services. A matched betting service provides all the information, tutorials and software around matched betting so that its users can learn how to make money from matched betting as well as use their great software to make money from. One great service I use is called Oddsmonkey.

Oddsmonkey are a great service and have been around since 2011. They offer their customers excellent customer support and have a packed community forum where all matched bettors discuss offers and techniques in how to extract good profits from the bookmakers. Without Oddsmonkey, I don’t think I would have made quite as much money from matched betting over the years and I certainly don’t think I would have learned how to do all the matched betting methods without using their service. Another great thing about Oddsmonkey and matched betting, the fee to join Oddsmonkey is £15 a month or £150 a year which is nothing in comparison to the amount of money you can make from using their service. I pay the same £15 a month fee and I know that each month it will make me back 100 times my £15 at least which is an excellent return. I will happily pay the same £15 fee knowing that it for me to actually make a lot more money. Imagine all the people who are working, they have to pay for their own travel to get to and from work each day. Their outgoings are going to be a lot more than £15 a month aren’t they? With increasing fuel prices, their outgoings on fuel along will be more than £15 a week realistically. When you first sign up to Oddsmonkey, the fee you pay will never change. There are some Oddsmonkey customers who still only pay £5 a month to use their service because Oddsmonkey will not change the fees while ever a customer stays with them. This loyalty is something many other matched betting services don’t offer their customers which is incredible value.

Risk always comes from not knowing what you are doing. If you are currently doing matched betting on your own, you could be leaving yourself open to more risk by doing things incorrectly. There are several matched betting services out there currently which provide their customers with the correct information to learn how to do the different techniques involved with matched betting so that their risk is minimised if not completely removed compared to those people who do matched betting on their own. It may be a few years since you last used a matched betting service and the game of matched betting has come on a lot since then. You now no longer have to rely on just free bets to make money from matched betting and there are different types of bets where you can now make a profit from matched betting. Instead of the usual free bets offers, you can now make money via accumulators for example which is something that was no easily possible back in 2014. Nowadays these services have the software installed so that you can do the accumulators online rather than long complicated spreadsheets.

The best matched betting service

Using a matched betting service when you are doing matched betting can enhance your profits significantly. This can be the single difference between making a few hundred quid a month to over a grand a month easily! The software that you will be able to use when using a matched betting service will give your profits a big boost as opposed to doing matched betting on your own. Not only is it just the software that will help but it is also the support, community forum and tips that will help you earn the extra money each month.

The good thing about these services is that they aren’t expensive at all. Instead you can pay a very small fee each month to be able to gain access to the software and other features a matched betting service provides. Think of it like paying fuel in your car to get to work. Paying the small monthly fee is exactly the same; you pay a small fee which enables you to earn your money. But if you made £600 tax free extra each month from just a £15 spend each month, it is a pretty good return on your money I’m sure you’ll agree. £180 a year to earn a five figure sum again is a great bit of business so you should get in on the action today and see what a matched betting service can offer you.

Matched betting alone can be a lonely process and keeping motivated can be difficult but with the forum a matched betting service can provide is invaluable. It is full of like minded individuals who are all keen to make extra money each month from home via matched betting. Not only will you benefit from the forum and community spirit but the money you will make from a service will be a lot higher than if you were doing matched betting on your own. It would simply take too long for you to do all the manual searches on your own and time is money. The software on a service will do all the hard work for you, so you can just focus on making profits rather than doing all the manual labour of searching for good matches to do all day long.

Many people in the UK are seeking ways to earn extra cash. Some people look to sell their unwanted items on eBay or buying items and selling them on for a profit. Others also look to sell other stuff on gumtree and offer their time in the evenings and weekends in a second job to make a few extra pennies. However working two jobs is a very time consuming process and will quickly see your quality of life suffer as you won’t have any time to unwind, relax and enjoy yourself. Imagine if there was a way out there to make money from the comfort of your own home without any hassle or stresses involved in a traditional job. Well, I am pleased to say there is a way and that way is a process called matched betting.

You may think matched betting is gambling and following a tipster or doing illegal bets that are fixed. These perceptions are wrong and it is nothing like any of these dodgy ways of making money from betting. Instead, matched betting involves removing all the possible risk from betting using maths and a betting exchange to ensure the user is making a profit across all outcomes. The several free bets and bonuses from bookmakers can be used to extract profit by placing back bets at the bookies and lay bets at the betting exchange. Also using a matched betting calculator will ensure the correct lay stakes are used so that your profit is consistent no matter what happens in the end.

You could do matched betting on a football game for example and you will be covered if team A or B win or even if the football game finishes in a draw. You could even bet on a horse race with 20 horses in the field and still make a profit no matter which horse wins! So whether a favourite wins or an underdog, you will make a profit by the time the sporting event has finished.

You don’t need to spend hours upon hours glued to your laptop or computer each day either. An hour each day is sufficient enough to make £500 each month comfortably without any difficulty. You don’t need to listen to a boss’s demands either! You are literally your own boss and you decide when you want to make money from matched betting. Many people take up matched betting from all different backgrounds. So if you’re a student, stay at home mum, employee or business owner you can make money from matched betting. Making £40 an hour in your spare time is a great way to pay off debts, save up, invest or even pay for nice luxuries in life. What makes matched betting even more lucrative is there is no tax to pay! So not only is it risk free, it is also tax-free which means the profits are very impressive. 

Matched betting is a great way to make additional funds for those who live in the UK only. It is only really available to those in the UK because this is where many of the online bookmakers allow customers to come from and the gambling laws in the UK are a lot more relaxed than anywhere else in the world.

Matched betting is a risk free strategy at locking in a profit no matter what the final result is in the sports event as all outcomes are covered and the stakes are adjusted accordingly to ensure a profit is achieved no matter the final outcome. The profit figure is then the same across all outcomes so that you will guarantee a profit no matter what happens.

Thanks to a site called a betting exchange, you are able to take position of the bookmakers and bet on outcomes not happening rather than being only able to bet on outcomes to happen at the bookmakers. These exchanges that exist out there on the internet are the reason matched betting is possible to do and to make money from. Exchanges or betting exchanges have been in existence since the early noughties and the first one came on to the scene back in the year 2000. Since then the bookmakers online have introduced signup offers for new and existing customers to take advantage of and to encourage them to bet with them to increase the business the bookie receives.

The free bets and promotions offered by bookmakers has become very competitive over the years and more people than ever are now taking full advantage of these lucrative bookmaker offers. It also enables people to guarantee money by using a series of mathematical formulas to ensure profits are made whether a football team wins, loses or draws. Matched betting is possible on any sporting event that is possible to bet on. So it can be horse racing, football games, tennis matches and just about any sport that has betting opportunities on. You can use paid for services like Oddsmonkey to increase your matched betting profits, try this Oddsmonkey review I read the other day.

There are also many bookmakers you can bet with now and each one of them offers a signup offer for you to take advantage of, so you can be sure you can make money from just about every bookmaker that is out there. As long as you have an account with a betting exchange and awareness of how matched betting works, you can be sure you will make money with matched betting.