OddsMonkey 1 Pound Offer: A Beginner's Guide to Matched betting
Introduction:
OddsMonkey is a popular matched betting service that offers new users a 1 pound welcome offer to get started with matched betting. Matched betting is a legal way to profit from bookmaker offers by placing bets on both sides of an event to eliminate the risk of losing money.
Eligibility and Terms:
To qualify for OddsMonkey's 1 pound offer, you must be a new customer over the age of 18 who has not previously registered with OddsMonkey. You'll also need to have a funded betting account with at least £1 available.
How the Offer Works:
Once you've registered with OddsMonkey and deposited £1, you'll be given a free bet token of £1. You can then use this token to place a qualifying bet on a specific event recommended by OddsMonkey.
Matched Betting Process:
To complete the matched betting process, you'll need to place a back bet on the event with a bookmaker and a lay bet on the same event with a betting exchange. The lay bet covers the outcome you don't want to happen, ensuring that regardless of the result, you will make a profit.
Example:
Suppose OddsMonkey recommends a free bet on Arsenal to win against Manchester City. You would then place a back bet of £1 on Arsenal to win at a bookmaker with odds of 2.00. You would then place a lay bet of £1.09 (including a 5% exchange commission) on Arsenal to win at a betting exchange with odds of 1.91.
Calculating Expected Profit:
The expected profit from the matched bet can be calculated using the following formula:
Profit = (Back Bet Amount * (Decimal Odds - 1)) - Lay Bet AmountIn this example, the expected profit would be:
Profit = (1 * (2.00 - 1)) - 1.09
= 0.91Additional Features of OddsMonkey:
In addition to the 1 pound offer, OddsMonkey offers a range of features to help you with matched betting, including:
- Automated odds matching tools
- A dedicated support team
- Advanced strategies to increase profits
Conclusion:
OddsMonkey's 1 pound offer is an excellent opportunity for beginners to get started with matched betting and potentially make a small profit. By following the steps outlined above, you can minimize your risk and maximize your earnings.## Oddsmonkey 1 Pound Offer Gambling
Executive Summary
The Oddsmonkey 1 Pound Offer is a promotion for new customers that allows them to bet £1 on any sports event and get a £30 bonus if their bet wins. This offer is a great way for new customers to try out Oddsmonkey's sportsbook and potentially win some money.
Introduction
Oddsmonkey is a leading provider of sports betting information and odds comparison. They offer a wide range of odds from bookmakers around the world, as well as expert analysis and tips. Oddsmonkey's 1 Pound Offer is a great way for new customers to try out their services and potentially win some money.
Subtopics
1. How to Claim the Oddsmonkey 1 Pound Offer
- Visit the Oddsmonkey website and click the “Join Now” button
- Create a new account and enter the promo code 1POUND
- Deposit £1 into your account
- Bet £1 on any sports event
- Win £30 if your bet wins
2. Terms and Conditions
- The Oddsmonkey 1 Pound Offer is only available to new customers who have not previously registered an account with Oddsmonkey.
- The minimum deposit required to claim the offer is £1.
- The maximum bonus that can be won from the offer is £30.
- The bonus will be credited to your account within 24 hours of your bet being settled.
- The bonus must be wagered 3 times before it can be withdrawn.
3. Eligible Sports Events
- All major sporting events, including football, horse racing, tennis, and cricket
- Smaller sporting events, such as darts, snooker, and e-sports
4. Wagering Requirements
- The bonus must be wagered 3 times before it can be withdrawn.
- Bets must be placed on odds of 2.0 (1/1) or greater.
- Bets must be settled within 30 days of being placed.
5. Withdrawals
- Once the wagering requirements have been met, the bonus can be withdrawn in full.
- The minimum withdrawal amount is £10.
- Withdrawals are processed within 24 hours.
Conclusion
The Oddsmonkey 1 Pound Offer is a great way for new customers to try out their services and potentially win some money. The offer is easy to claim and the terms and conditions are fair. With a wide range of sports events to bet on and a generous bonus, the Oddsmonkey 1 Pound Offer is a great opportunity for new customers to get started with sports betting.