In the quiet corners of the internet, a community of thousands is doing something that sounds illegal, or at the very least, impossible: they are taking money from bookmakers, tax-free, without gambling a penny.
The vehicle for this financial alchemy is OddsMonkey, a service that packages the mathematical certainty of “matched betting” into a slick, subscription-based dashboard. But with a recent platform overhaul sparking debate and a monthly price tag that rivals premium streaming services, is the promise of “easy money” still valid in 2026?
The Algorithm That Beats the Bookies? Is OddsMonkey the Ultimate Tax-Free Side Hustle?
We looked into the data, user reviews, and official specs to see if OddsMonkey is a golden goose or just another subscription trap.
The OddsMonkey Promise: “Gambling in Reverse”
At its core, OddsMonkey sells a process called Matched Betting. Unlike traditional gambling, where you back a team and hope they win, matched betting involves covering all outcomes of a sporting event to unlock bookmaker bonuses.
The Math works like this:
- The Back Bet: You bet £10 on Team A to win at a bookmaker (unlocking a free bet offer).
- The Lay Bet: You use a betting exchange (like Smarkets or Betfair) to bet against Team A.
- The Result: One bet wins, the other loses. You break even (minus pennies), but you’ve unlocked a £30 free bet.
- The Profit: You repeat the process with the free bet to lock in guaranteed cash, regardless of the match score.
“If gambling is the best way of getting nothing for something, then matched betting is definitely the reverse,” says Lisa, a verified user who claims to have passed the £4,000 profit milestone just months after signing up.
The OddsMonkey Product: Inside the Machine
Visiting oddsmonkey.com, you aren’t met with flashing casino lights, but a dashboard that looks more like a stock trader’s terminal. The service has evolved from a simple calculator into a suite of sophisticated software tools.
Key Tools & Features
- The OddsMatcher: This is the engine room. It scans odds from over 90 bookmakers and compares them to betting exchanges in real-time, finding the “matches” where you lose the least amount of money to trigger a bonus.
- The Profit Tracker: A built-in ledger that replaces the messy spreadsheets of the past, tracking every penny earned.
- 0% Commission: Through partnerships with exchanges like Smarkets, OddsMonkey users often pay no commission on their lay bets – a perk that can save heavy users hundreds of pounds annually.
- Specialized Matchers: For the pros, tools like the 2UP Matcher (for early payout offers) and Extra Place Matcher (for horse racing) automate complex strategies that used to require a math degree to calculate manually.
The Cost of OddsMonkey: 2026 Pricing
OddsMonkey has structured its pricing into tiers, moving away from a “one-size-fits-all” model.
- Starter (£39.99/mo): The entry-level drug. It includes the basic matched betting tools and over £700 worth of sign-up offers.
- Advanced (£49.99/mo): The standard for serious side-hustlers. It adds casino offers (a higher risk/reward category) and advanced software like the BOG (Best Odds Guaranteed) Matcher.
- Pro (£149.00/mo): A significant jump. This tier is for “advantage players” focusing on EV (Expected Value) betting—essentially betting where the bookie’s odds are mathematically wrong, rather than just chasing bonuses.
- Elite (£3,000/yr): A rarely advertised tier found in deep-dive reviews, aimed at professional syndicates using tools like the “Steam Chaser.”
What Real Users Are Saying About OddsMonkey
The company, operated by Liquidity Trading Limited out of Gibraltar, boasts an “Excellent” rating on Trustpilot, but a forensic look at recent feedback reveals a split narrative.
The Good: The success stories are compelling. Users like Rob report paying off car loans entirely through profits. “I have been matched betting for two years now and it’s been one of the best things I have ever done,” he writes. The general consensus is that for beginners, the sign-up offers alone (worth roughly £700-£800) make the first few months of subscription a guaranteed ROI.
The Bad: Recent verified reviews highlight growing pains. A platform migration in late 2025 caused technical glitches, with some long-term users citing a “terrible new UI” and bugs in the profit tracker. Furthermore, some users have reported difficulties with cancellation, claiming they were charged after attempting to stop their subscription—a common pain point in the SaaS (Software as a Service) world.
The Ugly (The “Gubbing”): The elephant in the room is “gubbing”—the term used when a bookmaker restricts your account because you are winning too much or only taking bonuses. OddsMonkey cannot prevent this; they can only provide the tools until the bookies cut you off. This makes the income finite for many users.
Our OddsMonkey Analysis
Pros:
- Legitimate Income: The math is sound; this is not gambling.
- Hand-Holding: Video guides and support make a complex process accessible to total novices.
- Tax-Free: Under current UK law, betting winnings are not taxable.
Cons:
- Effort Required: This is not passive income. It requires time, organization, and data entry.
- Finite Lifespan: You will eventually run out of sign-up offers and may get account restricted.
- Pricey: At nearly £50/month for the full package, you need to be active to justify the cost.
Similar Tools
- Outplayed.com: OddsMonkey’s main rival. The software is virtually identical (they are owned by the same group), but some prefer Outplayed’s video tutorials.
- Profit Maximiser: A cheaper, uglier alternative that focuses heavily on high-risk/high-reward Casino loopholes.
- Team Profit: A great free resource for your first £500, but lacks the advanced software of the premium sites.
So, OddsMonkey remains the gold standard for matched betting software, offering a polished, data-rich experience that pays for itself – if you put in the work. For the casual user looking to make a quick £1,000 for a holiday, it is a no-brainer. For those looking for a long-term career, the path is harder, requiring the expensive “Pro” tools and a constant battle against bookmaker restrictions.
Disclaimer: This article is for informational purposes only. Matched betting involves financial transactions and, while mathematically low-risk, is not devoid of human error. Users must be 18+.