For all those are a little savvy out there, you will know of course that Matched Betting is a great income if you put the hours into it. But, the main problem with matched betting is in finding the offers, odds which won't lose too much for qualifying losses and more. This is where both Profit Accumulator and Oddsmonkey come into place. Both websites Offer services to make match betting much easier, enabling many people to earn around £500-£1000 a month. However, which matched betting website should you go for? After using both for a good few months at minimum, here is an objective review of both matched betting services, going into the every detail each website offers and at what cost. Here is Profit Accumulator vs OddsMonkey.
I will do a like-for-like comparison of both matched betting websites at the bottom of this article. Below is a little bit about the main pros and cons to each website after using both of them.
Related Articles
This article was created on the 5th July 2016 - all information in this article is true of that date.
Profit Accumulator
Click here to sign up with Profit Accumulator.
Profit Accumulator (or 'PA' as members refer to it as) was my first experience of matched betting since someone referred me to using them. PA offers many features all at two prices:
- FREE - You can become introduced to matched betting with two offers that can earn you up to £45. The idea with this is to get users suckered into purchasing a PA subscription.
- £22.99 a month - This will give you all the access PA has on offer (tutorials, reload offers, forum, Oddsmatching software and matched betting calculator) except Match Catcher. It is a rolling monthly contract.
- £150 a year - For a cheaper price per year, you can have all the access PA has on offer except Match Catcher.
- Match Catcher: a rapidly updating horse odds matcher, is £9.99 or £115 per year with the promise to have free accumulator software when finished as part of the yearly subscription.
PA Pros
Profit Accumulator has many benefits which a lot of people will like and use them for:
- The structure and look of the website - I really like the way offers are displayed, with images of the betting companies next to the offer. This makes it really easy to see the offers and is very effective when it comes to scanning through what offers you want to/can do.
- The offers instructions - The instructions for each offer is in great detail, which makes it very easy to do the offer with confidence.
- The forum - PA has the most amount of members for a matched betting website. This makes the forum very good at talking to others in the same boat as you and getting details about offers etc.
- Weekly emails - Another great feature, PA will send out weekly emails to tell you of all the reload offers there are to do for the week, so you don't even have to find them yourself.
PA Cons
Poor Odds Matching Software
Profit Accumulator developed their own odds matching software which, at first, seemed to compete against OddsMonkey's. However, after using it, it still has bugs in it such as wrong commission amounts for the exchanges and odds which are now the same in the bookie and exchange as to what the software states
I will do a comparison of the two odds matching software (PA and OddsMonkey) at the bottom of this article in a table.
Refusal for a Valid Refund
I first paid monthly but then moved to £150 a year. However, it is important to note that the terms and conditions state that they do not give refunds: for anything. Profit Accumulator had been using OddsMonkey's Oddsmatcher software until around February/March 2016 time until PA cancelled their use of it with a 30 days notice (in such a case, I'm surprised they did not develop their new software first instead of having no Oddsmatching software at all for some time). At this time, PA developed their own Oddsmatching software which disrupted many users since the new software was down for around a week and had many glitches and bugs in it which made it extremely difficult to use. I contacted PA about this saying I wanted a refund and they refused - it took around a week of emails back and forth for them to refund me the time (10 days worth of subscription) the Oddsmatching software was down. Below are a few excerpts of the conversation.
| Profit Accumulator first refused a refund based on their refund policy |
| My reply to the above email |
| I had heard no reply to my above email so sent another email days later |
| Profit Accumulator finally give me a partial refund for the software being down |
Cost
With the match catcher, the total price for PA per month rolling is £32.98 - this can seem very expensive especially when OddsMonkey is 56% cheaper than this with more features.
'Profit Exaggerator'
Many people on the forum refer to PA as 'Profit Exaggerator' after some of the reloads seem to be exaggerated as amazing offers when they are not that profitable at all. For example, there is an offer where PA have teamed up with MatchBook to give PA members a refund on commission. PA advertised this as a five star offer that everyone should do. However, the forum did not see this that profitable and looked at it as if PA were exaggerating the offer, hence 'Profit Exaggerator' - as it turned out, one forum member worked out you would have to use MatchBook every day betting £238 a day for 10 days to get a refund of £50.
OddsMonkey
OddsMonkey originally created an Oddsmatcher software for which I believe they rented out to Profit Accumulator. When PA cancelled their use for the software, Oddsmonkey looked to create their own website to compete against PA. Here are their following subscription packages:
- FREE - You can become introduced to matched betting with two offers that can earn you up to £45. The idea with this is to get users suckered into purchasing an OddsMonkey subscription.
- Usually £19.99 a month (but limited time only it is £15/month), you can have full access to all of OddsMonkey's services, which includes tutorials, Oddsmatcher tool, dutching tool, racing matcher, daily offer calendar (reloads), forum, each way matcher, tennis matcher, EV calculator, each way calculator, each way reverse calculator and a matched betting calculator (and breathe...).
- Usually £239.98 a year but for a limited time £150/year, you can have all the above access but on a cheaper yearly subscription.
OddsMonkey Pros
The main reason I went to OddsMonkey was because of the poor service I had received from PA with the Oddsmatching software down for so long. It was also tempting to try the alternate to PA which was much cheaper and with many more features.
The Features
There are so many features OddsMonkey has which PA does not such as The Each Way Matcher, The Tennis Matcher, Dutch search and a better odds matching software. I will go into detail the features they have and compare them to PA at the bottom of the article.
A great example of a feature is in the Oddsmatcher software. Once the user has found a matched bet with a bookie and exchange, they can click on the logos of the bookie and exchange. From doing so:
A great example of a feature is in the Oddsmatcher software. Once the user has found a matched bet with a bookie and exchange, they can click on the logos of the bookie and exchange. From doing so:
- The bet will be added to a bet slip in the bookie using a safe URL (so it cannot be tracked from where it originated), so that all you have to do is login, specify a stake and bet.
- The exchange will open from a safe URL to the correct page to lay the bet.
Much Cheaper
Compared to the rolling price of £32.98 for all of the features of PA, the equivalent cost for OddsMonkey's features plus more is £15/month.
Better Features too
Even when compared to PA's existing features such as their Oddsmatching tool and Match Catcher for horse racing, OddsMonkey still beats them as their tools are much easier to use and have next to none in bugs/glitches and more features implemented into them.
OddsMonkey Cons
Forum not as large a community
The community is not as large on OddsMonkey as it is on PA. However, as time passes, this will increase. It only makes a big difference if you are likely to use the forum. (for which I don't - only if I wanted to see what everyone else was saying about a certain offer).
Daily Offer Calendar
The daily offer calendar which contains all of the reload offers is nowhere near as nice to use as the Reloads section on PA. The instructions are not as detailed and the lack of bet company logos makes it more difficult to sift through the offers. However, I have been told by OddsMonkey that they are going to introduce a feature to the section: to remove bookie offers from appearing at your choice so that you do not see offers from gubbed bookies - a useful feature to help sift through offers.
Profit Accumulator vs OddsMonkey Table
Below is a table which goes through every feature of Profit Accumulator and OddsMonkey, using a numbering system to rate each out of ten (the website with the higher rating, the better).
Feature | Profit Accumulator | OddsMonkey | Who wins? |
Odds Matching Software - to find good matches to bet for and against an event with a bookie and exchange. | (Oddsmatching) PA has a nicer looking software and contains 43 betting companies and 5 exchanges. However, it has bugs (to the point there is a dedicated forum post to go through all of the bugs in the software) and it was found that the odds displayed by the software would not always correlate to the odds by the bookie and exchange, resulting in the user having to manually change the odds. | (Oddsmatcher). Has a very useful feature - upon finding a match, clicking on both the betting company and exchange logo images will guide the user to that bookie with the bet in the betslip and the correct page on the exchange (this makes it very quick to find a match and bet on it). Has many more embedded features such as sound alerts, currency change, and a percentage to show the percentage of stake that would be returned from a free bet (SnR). It contains 71 betting companies and 5 exchanges - 24 more bookies than PA. | OddsMonkey. PA’s Oddsmatching software is very young since they had to develop it themselves. The features of Oddsmatcher by OddsMonkey, such as clicking on the bet company and exchange link to be fed to the right page for that bet or adding a bet to a bet slip is a great feature (PA sends the user to the homepage only so you will still have to manually find the bets). The SnR percentage is also great for free bets and contain many more betting companies than PA. |
Matched betting calculator - to calculate the qualifying loss or profit made from betting in a bookie and exchange on an event. | PA and OddsMonkey both have very similar styled calculators with the same features. | PA and OddsMonkey both have very similar styled calculators with the same features. | Draw. The features of each calculator is the same. |
Horse racing matcher - to provide matched bets with low qualifying losses to make the user applicable to potential horse racing refunds (such as FB if 2nd, beaten by a head or less etc.). Rapidly updates as liquidity of horse racing is low. | (Match Catcher) A rapidly updating racing matcher for which the web user can select what races it can update too and use sound alerts when a good match appears. Adopts same theming as the Oddsmatching software. | (The Racing Matcher) A rapidly updating racing matcher. The page shows the races of the day and the bookies with offers associated to them races. When clicking on the bookie, the best matches appear, with a description to the user of what the bookie offer is (such as FB if comes 2nd etc.). Upon clicking on links, horse is added to bet slip on bookie website or pointed to the exchange page to lay the horse. | OddsMonkey. It is an absolute dream to use The Racing Matcher. It beats Match Catcher hands down and is also included in the £15/month price for OddsMonkey: unlike PA which charge members an additional £9.99 a month. This is not just a win: it is a slaughter. |
Reload section - to find all the new offers bookies are offering continually | (Reload offers) An easy to read area with all of the latest offers from bookies, with clear instructions and the ability to remove the offer once completed. Instructions are clear and the larger forum makes it easy to troubleshoot difficult offers. Each offer has a star rating based on how profitable the offer is, from 1-5. | (Daily Offer Calendar) An area to view all of the latest offers from bookies, with the ability to remove the offer once completed. Each offer is highlighted as either a ‘Potential Profit’ or ‘Guaranteed Profit’ with a value of what profit you are guaranteed to make. As well as this, they categorise the offers into easy, medium and hard so you can choose what offers appear for what difficulty. | Profit Accumulator. The reload sections is clearer to view and goes into more depth in each instruction. OddsMonkey does the same job. However, the instructions are not as clear (such as when the free bet is credited etc.). However, in the future, this may change if OddsMonkey allows users to remove gubbed offers from the area and PA offers star rating is exaggerated, as members have suggested in their forum. |
Tennis matcher - to find the best matched bets on tennis to become applicable for teenis refunds (such as free bet if your player loses the first set but goes on to win) | No such feature in Profit Accumulator – you would have to use a filter to only show tennis matches in the Oddsmatching software. | (The Tennis Matcher) Adopted the same structure as The Racing Matcher, it shows the offers available by bookmakers every day and upon clicking on the bookie, a description of the offer appears with the latest odds in the bookie and exchange for all the tennis matches of the day (with the ability to one click add the bet into a bet slip and view the tennis match in the exchange). | OddsMonkey. They are offering an additional useful feature which PA does not at no extra cost to the membership price. |
Dutch search - inside of backing an event and laying it in an exchange, a dutch search backs all possible outcomes with different bookies, so an exchange is not needed - good for arbing. | No such feature in Profit Accumulator. The only matched bets you can do in PA involves a bookie and an exchange. | (Dutch Search) This feature finds bookies to bet for all the possible outcomes so that instead of backing and laying (say a win-draw-win), you back a win, back a draw and back a win with three different bookies all at different stakes, calculated by the Dutch Search. A great tool for arbing that can make £100s/month. | OddsMonkey. A clear winner. This tool is extremely useful as it does not rely on an exchange and can be used on gubbed accounts without promotion. It includes many filters and settings similar to OddsMonkey's Oddsmatcher tool. |
Each Way Matcher | No such feature in Profit Accumulator. | (The Each Way Matcher) Automatically updates with bookie and exchange odds to find matches so that you bet each way on a horse in the bookie, lay off in the exchange and make a guaranteed profit. A very very useful tool that can make £100s/month on gubbed accounts. | OddsMonkey. Another clear winner. What sets this unique tool apart is the fact you can bet each way on horse racing on gubbed accounts. Since each way is calculated by fractions in the bookies and by probability in the exchange, it is often very easy to make at least a 5-10% profit on any stake amount multiple times a day. |
Advanced Calculators | Profit Accumulator created spreadsheets to help such as with making a guaranteed profit on bet365 horse racing offers and accumulators. | OddsMonkey has an EV (Estimated Value) calculator to calculate how profitable casino offers can be, an Each Way calculator and an Each Way Reverse calculator. They also have spreadsheets for accumulators too. | OddsMonkey. The spreadsheets from PA are accessible without a PA membership with other websites creating similar styled spreadsheets. The casino EV calculator is particularly useful by OddsMonkey. |
Forum | PA has a forum. | OddsMonkey has a forum. | Profit Accumulator. Although some of the forum is now with disgruntled people referring to PA as ‘Profit Exaggerator’, it has more people communication in them making them a more useful place to be. |
Training Material | (Offers section) PA has a range of articles to help rookies with understanding matched betting. | (Training) OddsMonkey has a dedicated area of articles to help rookie and expert matched betters. | OddsMonkey. Since OddsMonkey has more features, the training material is far larger than PA. |
Support | PA is contactable by email and reply very quickly. | OddsMonkey is contactable by raising a support ticket and they reply very quickly. | Draw. In terms of getting an answer, both are very good. |
The Future | Profit Accumulator looks to be going down the route of making users pay an additional fee for additional features, such as Match Catcher. | When OddsMonkey bring out a new feature, they give it to new and existing users for free, all for the same price per month. | OddsMonkey. It feels as if PA are trying to squeeze people for money whereas OddsMonkey are trying to satisfy their users more. For example, since signing up with OddsMonkey, they have introduced The Tennis Matcher and The Each Way Matcher for free whereas PA has introduce the Match Catcher for an additional fee. |
Value for money | PA is £22.99 a month rolling or £150 a year. Match Catcher will set you back an additional £9.99 a month or £115 a year. Lowest price per month (yearly) = £12.50/month Max price (rolling membership and match catcher rolling) = £32.98 | OddsMonkey is currently £15/month or £150 a year. It is impossible to compare OddsMonkey with Profit Accumulator as they offer everything PA offers, plus more, for a cheaper price PA currently is at. | OddsMonkey. It’s a no brainer. In terms of value for money, OddsMonkey slaughters PA. |
OddsMonkey wins 9-2 from this table.
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This post first appeared on Helping Bloggers, Helping Students - Ask Will Onli, please read the originial post: here
