How safe is matched betting and how secure are your details when you use a matched betting website like OddsMonkey? This post looks at some of the security concerns you might have.
How safe is matched betting?
– Is matched betting legal?
Absolutely! In the UK, as long as you’re 18+ and a registered UK citizen, you can matched bet. You won’t be breaking any laws and you won’t be doing anything wrong. It’s as simple as that, but read this post for more info.
– Are there any risks?
The very nature of matched betting means that by matching your bets, you’re protecting your money. The only real element of risk is human error. See exactly how matched betting works, by watching this video or downloading our guide below:
OddsMonkey Premium members
– Are my payment details safe?
First of all, OddsMonkey doesn’t store your payment card details. Actually, we never even see your card number. We use a trusted payment provider that processes your card payments in their secure PCI 3.1 compliant environment. If you’ve got any questions about your payment option or details, please email email@example.com.
– What account protection is in place?
‘Two Factor Authentication’ is an extra security feature, designed to help protect your account. It’s there in addition to your password.
If you enable Two Factor Authentication, you’ll need to enter a special security code each time you login to OddsMonkey. There are two ways to get this code:
Codes sent out via email are valid for just 15 minutes and can only be used once. If you’ve got the “Keep me logged in” box on the login page ticked, you won’t need this code the next time you visit the site from that device. If someone tries to access your OddsMonkey account, with the correct password, you will receive a code. However, without access to your email account too, they won’t be able to get into your OddsMonkey account.
Google Authenticator is an app which can be downloaded onto your apple or android device. Once you’ve enabled this method, all you need to do is open the app and enter the code displayed when you log into your OddsMonkey account. These codes run out in 15 seconds, but don’t worry if you miss it as a new one will be generated instantly. This method is even more secure than the email option as you need the authenticated device and your OddsMonkey login details.
Whilst 2FA is a second door of protection for your account, we’d recommend changing your OddsMonkey password on a regular basis, as per standard internet security advice.
Whichever method of 2FA you choose, you’ll need to enable/update your preferences in your OddsMonkey account settings. This video will show you how:
– What is Betfair Integration?
The Betfair Integration tool means that lay bets can be placed with the click of a button. Find out more about OddsMonkey’s integration with Betfair Exchange in this post.
– Does OddsMonkey store my Betfair details?
No. Your login details will only be used to authorise the Integration tool and won’t be stored in the OddsMonkey system. We never see your Betfair login details and only hold your password in an encrypted format used for authentication. Betfair simply send us a special token to confirm you’ve logged in and we use this link your account.
OddsMonkey staff members are never able to view your un-encrypted password.
– If I link my OddsMonkey and Betfair accounts, can I change my mind and un-link them later?
Yes, you can change your mind at any time. In fact, you can un-link or re-link your OddsMonkey and Betfair accounts as many times as you want. We know you won’t want to though, once you’ve seen how awesome it is.
Got any other security concerns? Let us know by leaving a comment in the box below.