How to Get Started with OddsMonkey for Matched Betting

Matched betting is one of the most effective and risk-free ways to earn extra income online. If you’re new to this concept, OddsMonkey is the best platform to begin your journey. This guide will walk you through exactly how to get started with OddsMonkey and begin profiting from bookmaker promotions today.

What Is Matched Betting?

Matched betting is a legal and tax-free method of making money by using free bets and promotions from bookmakers. The strategy involves placing two opposite bets — a “back” bet (on the bookmaker) and a “lay” bet (on a betting exchange) — to ensure you profit no matter the result.

Why Use OddsMonkey?

OddsMonkey is one of the most popular matched betting platforms in the UK, trusted by thousands of users. It offers:

A powerful OddsMatcher tool to find profitable bet matches

Step-by-step tutorials that even beginners can follow

A betting calculator that simplifies stake calculations

Access to daily free bet offers and reloads

A helpful community forum and support system

Step-by-Step: How to Get Started

Step 1: Sign Up for a Free OddsMonkey Account

Visit OddsMonkey’s website and create a free account. You’ll gain access to limited features, including beginner tutorials and a few matched betting tools.

Step 2: Learn the Basics

Go through the Beginner Training Guide on the dashboard. It explains core concepts like backing and laying, qualifying bets, and how free bets work.

Step 3: Place Your First Bet

Use the OddsMatcher tool to find a good qualifying bet. Then place your back bet on a bookmaker and your lay bet on a betting exchange (like Betfair or Smarkets). OddsMonkey’s calculator helps you with exact stakes.

Step 4: Claim Free Bets

After your qualifying bet settles, the bookmaker will credit you with a free bet. Use the Free Bet Calculator to place another matched bet — this time to lock in your first profit.

Step 5: Upgrade for Full Access

Once you're comfortable, consider upgrading to the Premium Plan for full access to:

All daily offers

Reload offers

Advanced calculators

Extra tools like Each Way Matcher and Racing Matcher

How Much Can You Make?

Most users earn £300 to £1,000+ per month depending on time invested and the number of offers used. The key is consistency and smart tracking using OddsMonkey’s tools.

Final Tips for Beginners

Always double-check odds before placing bets.Stick to major bookmakers for reliability.Join the OddsMonkey community forum to ask questions and learn from others.Keep a spreadsheet to track profits and offers. ConclusionIf you’re looking for a low-risk, beginner-friendly way to make money online, OddsMonkey matched betting is a fantastic option. With user-friendly tools, helpful guides, and a strong support system, you can start earning from bookmaker offers today.