BetConnect isn’t as well known as many other betting exchanges, so it’s quite understandable that some matched bettors might be hesitant about signing up.
If you’ve already got a couple of exchange accounts that permit you to make money through matched betting, why go to the hassle of signing up for another?
In short, because a BetConnect account not only improves your profits from your existing matched betting, but makes it possible to profit in ways that simply don’t work without one.
In this article, we’ll explain exactly how BetConnect works and what makes it so useful for matched betting, as well as throwing in a few tips to help you make the most of your account.
What Is BetConnect?
BetConnect is a betting exchange, and in many ways it works similarly to other exchanges, such as Smarkets, Matchbook or Betfair.
However, there are a few key differences. BetConnect has separate layouts for backing and laying bets, making the whole experience more user-friendly, as each mode caters specifically to the type of bet you’re placing.
On the back side, the website looks a lot like a normal bookie’s, making it comfortable and familiar for regular sports bettors used to traditional bookmakers.
On the lay side, meanwhile, the site is streamlined to show you currently available bets, which you can filter based on sport, maximum odds, type of bet, and bookmaker.
BetConnect offers back bets at the best prices available with any bookie, meaning that a regular punter shouldn’t ever be disappointed by the odds available to them.
When back bets are placed, these are then sent over to the lay side of things to be matched by lay bettors, at the same price that can be found with the bookmaker.
This does mean that the availability of lay bets can sometimes be more restricted than with other exchanges, and it isn’t always possible to make exactly the bet you might be looking for, especially for more niche sports.
However, if you’re using the OddsMonkey Oddsmatcher, you’ll only see matches with liquidity at the exchange. You can also improve the variety of available bets by betting at peak hours, which are typically 10am – 2.30pm for horse racing.
What Are The Benefits Of Using BetConnect?
One of the chief benefits of BetConnect is that its model works brilliantly for matched betting.
BetConnect offers a dedicated matched betting Pro service, which OddsMonkey members can access at no cost. You’ll be able to integrate your two accounts, which makes the process of placing your lay bet with BetConnect as simple as clicking a single button from within the Oddsmatcher.
You’ll also enjoy 0% commission on lay bets – and as the odds you lay at are available from bookies, you’ll generally be able to find 100% matches, meaning that you eliminate losses on your qualifying bets.
BetConnect offers a ‘lay bet timer’ that allows you to lock in your lay bet for 60 seconds before you actually place it. Experienced matched bettors will know all too well the feeling of placing your back bet, only to find the lay odds have vanished by the time you’re ready to place your lay bet.
This locking feature removes that problem, allowing you to double check everything and place both sides of your bet without the risk of losing out on the lay odds.
Finally, OddsMonkey members can benefit from the You Lay We Pay promotion. This rewards our members for laying with BetConnect – for every £1000 you lay on BetConnect through the Oddsmatcher, you earn £5. You can claim up to a maximum of £30 per month (laying £6000 per month).
That might sound like quite a large sum to lay, but if you’re a regular matched bettor there’s a good chance you’re laying at least £1000 a month anyway, especially if you often lay at high odds.
In essence, You Lay We Pay rewards you with free money just for matched betting as usual – what’s not to love about that?
How To Integrate Your BetConnect Account With Your OddsMonkey Account
It’s quick and easy to integrate your BetConnect account with OddsMonkey – just follow the steps below.
- First of all, sign up to BetConnect.
- Sign in to your OddsMonkey account, and navigate to the ‘Exchanges’ tab within the My Account section.
- Click the ‘BetConnect Integration’ tab, and then click the ‘Link to BetConnect now’ button.
- Enter your BetConnect sign in details on the next screen, and click ‘sign in’.
- That’s it! Your accounts are now linked, and you’ll be able to lay with BetConnect directly from the Oddsmatcher.
Tips To Get The Most Out Of Your BetConnect Account
- Integrate with your OddsMonkey account, and use the Oddsmatcher. This ensures that your lay bets contribute to You Lay We Pay, earning you £5 for every £1000 you lay with BetConnect.
- Focus on horse racing. Especially in the summer months, BetConnect really comes into its own when you’re betting on horse racing, with exceptionally competitive odds. Use BetConnect in conjunction with racing offers to maximise your profits.
- Time your betting right. You’ll find the best liquidity between 10am and 2.30pm, so try to make sure you do the bulk of your betting in the middle of the day.
- Use the lock feature. Mistakes are most likely to occur when you’re rushing things, and knowing that liquidity at your preferred odds might not last is therefore a common cause of errors for matched bettors. Make use of the lay bet timer to lock in your odds for 60 seconds, giving you time to double check your back bet and place it without running the risk of losing out on your lay odds in the meantime.
- Use the BOG Matcher. OddsMonkey’s BOG Matcher is the perfect example of how useful a BetConnect account can be. Thanks to the especially good lay odds offered by BetConnect, you can find horse racing matches with zero qualifying losses – meaning that if a winning bet benefits from an odds increase under Best Odds Guaranteed, you make an immediate profit, with no qualifying loss to detract from it.
BetConnect FAQs
Is BetConnect different from other betting exchanges?
Yes! BetConnect works a bit differently, in that its aim is to give bettors access to the odds offered by major bookmakers, without having to have an account with every single one.
Regular sports bettors place their back bets by requesting bookmaker odds, and these back bets are then sent over to the lay side of the platform, where lay bettors can decide what they want to bet on.
How does BetConnect make money?
Given that OddsMonkey members don’t pay any commission on lay bets, and can even earn money through You Lay We Pay, you might be wondering how exactly BetConnect manages to turn a profit.
Well, BetConnect does charge 2% commission on back bets, and that’s where they make their money. To help to encourage plenty of regular sports bettors to place back bets, it’s therefore worth BetConnect’s while to reward OddsMonkey members for laying bets.
Is Matched Betting accepted by BetConnect?
It is indeed. Don’t worry about being stake restricted or gubbed by BetConnect – matched bettors are actively encouraged to bet with them. Refreshingly, there’s no need to try to disguise your intentions when you’re lay betting through BetConnect.
I’ve already got accounts with Matchbook/Smarkets/Betfair – why should I bother with BetConnect?
You’d probably cope without a BetConnect account for matched betting if you’ve already got other exchange accounts – but you’d be missing out on all the benefits of BetConnect that we’ve covered in this article.
To sum up: you’re likely to encounter better odds, allowing you to reduce your qualifying losses to nothing, you’ll enjoy 0% commission and even earn money through You Pay We Lay. Frankly, it’s hard to see why anyone wouldn’t want to take five minutes to sign up!
