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Odds Monkey Review

Odds Monkey is a database that informs users of possible arbitrage opportunities based on bookmakers and betting exchanges.

What does the product offer?

Odds Monkey is available on a free or premium basis, both of which fundamentally offer the same service (albeit with the premium version being much improved over the free version). Odds Monkey essentially provides a list of various bets and the best odds that are available through online bookmakers and then highlights the same bets with the best laying odds. Users can then use this to their advantage. As well as this Odds Monkey also list a number of free bet offers that various online casinos currently have on offer. Finally Odds Monkey offer a forum for users to discuss betting strategies etc. with one another.

How does the product work?

Essentially Odds Monkey highlights arbitrage opportunities that you can then take advantage of. This is also where the difference between the regular and premium versions differ. If you are a free member of Odds Monkey then the odds are updated every 30 minutes whereas if you are a premium member then the odds are updated in real time (i.e. as Odds Monkey receive the latest odds).

What is the initial investment?

Access to Odds Monkey costs £88 per year or you can alternatively pay £8 per month for the service. There is no mention of any money back guarantee which given the nature of Odds Monkey is reasonable enough.

What is the rate of return?

Trying to guess a rate of return for Odds Monkey is a difficult thing as really this is dependent on the opportunities etc. Personally I would look on Odds Monkey as a tool rather than as a direct money making product.

Conclusion

There is a lot to like about Odds Monkey and for the casual bettor who wants to take advantage of arbitrage betting it presents an ideal solution. There are downsides however such as the fact that you have to be at your computer to grab the opportunities when they arise. There are other little niggles such as getting the right free bets in order to maximise your profit. I think that the biggest downside of Odds Monkey though lies in the fact that there are robots available that can do this for you via a betting exchange that ultimately don’t require you to be at your desk waiting.

These do however tend to be rather costly so if you want a cheaper way of trying your hand at arbitrage betting Odds Monkey is a decent enough bet.

 

 

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From: Simon Roberts