Frequently Asked Questions – Top Questions
If Matched Betting is new to you, no doubt you’ve got some questions. We’ve tried to address some of the most common questions below – if you don’t find the answers you’re looking for, just drop us an email at [email protected] and we’ll be happy to assist.
Matched betting is where you place opposing bets on the same race, match, game or event so that you win, regardless of the outcome. OddsMonkey will show you how to use the welcome offers and free bets offered to new and existing customers to maximise your profit. You can learn more in our What Is Matched Betting guide.
Yes, matched betting is 100% legal. Still not sure? Graham Sharpe of William Hill says, “There’s no illegal element. It’s a free bet and you can do what you like.” – The Telegraph
This depends on how much time you spend on matched betting. Many of OddsMonkey’s members are consistently earning up to £1500 every single month, with some of our more advanced members earning much more.
Because you are covering all outcomes by backing and laying your bets, you are effectively eliminating the risks that are associated with traditional betting. The only real risk is human error, such as not checking for the latest odds or entering a wrong bet.
We would recommend setting aside around £100 to get you up and running, but the more you can put in the quicker you can complete the offers.
Not at all, many of our members have never even placed a bet before joining OddsMonkey. We’ve created over 100 step-by-step guides and video tutorials to ensure that you know exactly what you’re doing.
You can read more about the legal side of things on our blog post Is matched betting legal
It costs you absolutely nothing to start with our free trial, where we’ll show you the ropes and guide you to your first matched betting profits. Then, if you would like to go Premium, it costs either £24.99 a month or £180 for an Annual subscription.
Bookmakers offer a ton of offers to existing customers too, especially when major sporting events like Cheltenham and the World Cup get underway. We’ll show you how to use these offers to continue to make tax free, risk free profits long after you’ve finished all the welcome offers..
It can take up as much or as little time as you like, but the more time you invest the more money you can potentially make. Some of our members have decided to make matched betting a full time career but you can spend as little as 30 minutes a day doing a couple of offers and still make a nice profit every month.
No, it has no affect on your credit score in the same way any other bank transaction would. Some bookmakers will do credit checks when you sign up but it is not an in depth check that’ll affect your credit rating.