Why using Oddsmonkey? Free Guidesĭuring your free trial, you have access to a few video tutorials. In this way, you can find the closest odds and you can minimize the risk and maximize your profit.īut how can you make a profit from that? That’s what we are going to explain to you in the following section. So what Oddsmonkey does, is, to search for the closest odds between a certain bookmaker and sports exchange. You need to place this bet at a sports exchange, such as Smarkets or Betfair. This means you bet that Liverpool, for example, doesn’t win (this includes both, a draw and that Liverpool loses). That’s the reason why we need to place a “Lay Bet”. But if there is a draw or Liverpool loses, then you lose your bet. This means you bet that FC Liverpool wins. You place a so-called “Back Bet” with a bookie of your choice. In this way, you cannot lose as all outcomes of the match are covered. An example: You bet that FC Liverpool wins and place also a bet that it doesn’t win. To eliminate the risk that comes naturally with an uncertain outcome at sports betting, you place bets for both possible outcomes. In order to get started with Oddsmonkey and Matched Betting in general, all you need is a small amount of money (you can start with as little as £50), a credit card and that’s it.īasically, you exploit sports betting offers from bookies in order to make a profit. So, how does Oddsmonkey and Matched Betting actually work? What do you have to do to get started? Also, you need to live in the UK.
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