The top destination highlight of the OddsMonkey service is their Oddsmatcher. In order to make the most from free bets, and minimise the loss made on bets qualifying for offers, bettors need to find back and lay odds that are as close to one another as possible. Naturally, scanning every bookmaker and comparing against an exchange is nigh-on impossible to do manually.
The tech match-finding solution at the heart of OddsMonkey
Thankfully, the OddsMatcher is your cheerful automated holiday rep when using the site, well-informed, up-to-date, and saving you a huge amount of effort. The matcher scans all of the available markets within stipulated criteria and shows you the closest matches.
During our OddsMonkey review, we’re pleased to say that we found that the matcher works like a charm: sure, if odds are moving quickly then you might see some discrepancies between OddsMonkey odds and the actual odds at the bookmaker or exchange pop-up, but that’s largely to be expected with this kind of software.
We did encounter the occasional glitch with the results of a search, but these were isolated incidents: nothing that would make us think the matcher is inherently flawed. In fact, the opposite is true: throughout the course of our OddsMonkey review, we found ourselves continually impressed by how the tool performed, even as we became accustomed to it. The matcher is a cornerstone of what OddsMonkey offer, so we were pleased to discover it met our expectations with ease.
Off the beaten track
In addition to the OddsMatcher, OddsMonkey have ensured the suitcase of their users is brimming to burst with options. The dutching calculator works well, the racing matcher is ideal for those focused on horse-racing offers, and calculators for specific offers — such as Early Payouts — can take awhile to get to grips with, but nevertheless perform their core function flawlessly.
We won’t deny that there’s a learning process involved with all of these tools, but we must also praise OddsMonkey for the fact they’ve really provided a range of guides and tutorials to help people on their matched betting journey. If you’re willing to do your research, then the tools won’t let you down.
The software aside, our OddsMonkey review found that there’s still plenty to like about the overall service from the company. The Daily Offer wall provides at-a-glance access to the latest offers for both sports betting and casino, and there’s even step-by-step guides through your first few matched bets to guide you on your way. We particularly liked that the service provides a rundown of all of the available sign-up offers — often the most lucrative part of matched betting — along with the ability to tick them off when complete, as well as the profit tracker which keeps a running total of how much you’ve been able to make during your time using the site.
Assessing the rival resorts
We’re not going to pretend that the company have particularly broken the mould with their service. Highlighting the best offers and providing an oddsmatcher are all fairly standard fare for matching betting sites, and options such as an occasional OddsMonkey promo code are also fairly routine in this world. However, what we can say is that OddsMonkey’s tools and guides really have perfected the wheel: they might not be hugely innovative, but they work, and they work consistently — and you can’t ask for much more than that.
How does OddsMonkey compare to manual matched betting?
Manual matched betting is a backpacking holiday you take in your early 20s. It’s rough around the edges, everything takes longer than it should, you’ll probably make more than a few mistakes along the way, and while it might seem worth it to an extent, it’ll always feel like there’s an asterisk — a sense that there’s probably a better way to travel and get to where you want to be.
In comparison, matched betting using OddsMonkey is a trip to a seven-star resort. Everything is as simple as it can be, the experience just flows from one pleasant opportunity to another, and you’ll be able to make the most of your every delight you encounter along the way. That’s not to say there won’t be the occasional hiccup on the way, but overall, the comparison to dragging a backpack around the sites is impossible to make, as the winner is clear every time.
The all-important cost consideration
However, there is a reason people set off on backpacking trips: cost, which is also a factor in the manual vs assisted matched betting debate. Manual matched betting is free, whereas OddsMonkey charges a subscription, so it may initially seem that on a cost analysis there’s only one winner. We, however, would disagree: manual matched betting is incredibly expensive in terms of time, potentially leading to hours lost every day for a meagre profit that may not even translate to minimum wage when time spent hunting odds and deals is factored in.
Given that most people using OddsMonkey can make their subscription costs back from the greater profits the site allows them to access, our OddsMonkey review led us to believe that the service should realistically more than pay for itself over time and with careful, considered, well-researched use. What’s more, if you can find an OddsMonkey promo code that reduces the price of a subscription in some way, then the cost-to-benefit analysis is tipped even further in OddsMonkey’s favour when compared to attempting to engage in matched betting without it.
Traveller beware: important cautions
We don’t want to pretend that the core activity of matched betting is easy, because it isn’t. It’s tough; there’s a lot to learn; and while technically risk-free, the possibility of mistakes is always a matter for concern. OddsMonkey cannot remove these risks entirely. It can make them less likely — for example, by automatically calculating your stake and allowing you to lay a bet through the OddsMatcher rather than having to go to the exchange — but it can’t defeat every obstacle matched bettors face.
Nor can OddsMonkey offer to protect you against the greatest issue matched bettors face: gubbing (offers being removed from a bookmaker account) or stake restrictions. Talk of being gubbed is rife on the forums, and even features in the guides on the site.
However, all of the aforementioned risks apply to matched betting in general; you’ll find the same warnings in our Profit Accumulator review and thus our OddsMonkey review doesn’t lay the blame at the company’s door. In fact, we’d go as far to argue that the site does all it realistically can to guard against the potential downsides of matched betting, and there’s a healthy tone of caution that permeates the entire site.
The overseas problem
An additional caution we have to note is the issues that you may face when trying to use an OddsMonkey offer or the main service from countries outside of the United Kingdom. OddsMonkey is a UK site, predominantly aimed at the UK market. There are international bookmakers featured on the site, but you might want to sample the service with a free trial or discounted introductory offer if available just to see if there is enough coverage of bookmakers in your region to help you decide whether you can answer the question, “is OddsMonkey worth it?” affirmatively.