Underlaying Matched Bets
OddsMonkey Blog
by James OddsMonkey
4h ago
When it comes to matched betting techniques, underlaying and overlaying are useful and advanced techniques that every matched bettor should have in their arsenal. This technique is used when you don’t want to lose any money if your back bet wins. If the whole process is new to you however, we here at OddsMonkey will look at what underlaying is, how it can be used in matched betting, and how to utilise it strategically.  What Is Underlaying? Underlaying is used when you don’t want to lose any money if your back bet selection wins. This is usually done after receiving a special promo or of ..read more
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Understanding Liability
OddsMonkey Blog
by James OddsMonkey
4h ago
Liability can be confusing to start with, yet it is an important part of matched betting that is crucial to take note of. Understanding liability is key to managing your risk and maximizing your potential returns in matched betting. Here at OddsMonkey, we will have a look at what liability actually is, how it links to the matched betting strategy, and why it is important to understand in order to get the most out of your matched betting journey! What is Liability? In the simplest of terms, liability is the amount of money that you could lose from a bet you have made. For example, placing a £1 ..read more
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Overlaying Matched Bets
OddsMonkey Blog
by James OddsMonkey
4h ago
When it comes to matched betting, underlaying and overlaying are powerful tools that could significantly elevate your betting strategy if applied effectively. Overlaying, in particular, is a tactic that allows you to minimise your losses, potentially resulting in no losses at all if executed correctly. At OddsMonkey, we delve into the concept of overlaying, how to effectively implement it, and most importantly, how it can empower you to make the most of your bets or promotions you may have at hand. What Is Overlaying? Overlaying bets is essentially the opposite of underlaying. When we overlay ..read more
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Bookmaker Place Terms
OddsMonkey Blog
by James OddsMonkey
4h ago
When an each-way bet is placed, the bookmaker will have terms and conditions regarding which places will offer returns and what odds are on offer. With some races being handicapped and some not featuring a handicap, this can affect the place’s prices. Here at OddsMonkey, we will look at some of the terms and conditions that bookmakers use and how they can affect your bets in each way to ensure that you are fully aware of all the intracises surrounding place bets.  Each way bets are the most common in horse racing. These could potentially see returns be made even if the horse does not win ..read more
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Why Does Risk-Free Bet Show a Loss In Profit Tracker
OddsMonkey Blog
by James OddsMonkey
4h ago
When placing a risk-free bet, by following the strategy you have been recommended and filling in all the necessary details, the calculator can show that you are expecting an equal profit no matter the outcome. However, if using a profit tracker simultaneously, this will show it as a loss! Whilst this can be confusing, we will go through why the profit tracker does this and if the profit tracker affects how you should be matched betting. Here at OddsMonkey, we will explain in more depth why this is going on and why you should always settle your profit tracker bets in cases where there are poss ..read more
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Bookmakers Levels Of Funds Protection
OddsMonkey Blog
by James OddsMonkey
4h ago
Understanding the levels of funds protection provided by bookmakers is crucial for bettors. As betting involves real funds, the protection of these funds in betting accounts is paramount. Bookmakers, regulated by the Gambling Commission, have specific obligations to safeguard player funds in certain events. At OddsMonkey, we delve into how your funds are protected, and the varying levels of protection bookmakers must adhere to in different scenarios. This knowledge empowers you to make the best decisions when it comes to your accounts. Levels Of Funds Protection Bookmakers must follow differe ..read more
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Cancel an Unwanted Lay Bet
OddsMonkey Blog
by James OddsMonkey
4h ago
Placing bets involves extensive research, with odds and statistics being meticulously analysed by many matched bettors to maximise their chances of locking in a profit. However, even the most careful bettors can make mistakes. If you’ve inadvertently placed an unwanted lay bet, whether it’s on the wrong selection or at the wrong odds, you might be worried about the potential risk of having an unmatched bet. At OddsMonkey, we’re here to guide you on how to cancel a lay bet using our tools, helping you avoid unnecessary losses. How to Cancel a Lay Bet Understanding lay bets is crucial in the wo ..read more
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Implied Odds
OddsMonkey Blog
by James OddsMonkey
4h ago
As a matched bettor or as a casual betting fan, it is always important for us to have the correct odds and to know what these odds mean. That way when we create a bet, we know how much we could expect in return with this also indicating how likely the bookmaker thinks the event will happen. If an outcome has higher odds, this means the bookmaker thinks it is less likely to happen. However, you may have heard of implied odds, which could throw a spanner into the works if you don’t know what they are. Here at OddsMonkey, we will explain in detail what implied odds are, how they are useful and h ..read more
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What Are Deposit Bonuses?
OddsMonkey Blog
by James OddsMonkey
4h ago
Deposit bonuses, a common offering from bookmakers, hold potential betting opportunities for first-time users. These bonuses, often presented as sign-up incentives, are designed to attract new players to betting sites and bookmakers. These could be presented in a manner of different ways however. Therefore, we will delve into the various forms of these deposit bonuses and how you could potentially leverage tools at Oddsmonkey to use these in a strategic way that can see margins of profit secured.  Deposit Bonuses Explained  A deposit bonus is when a bookmaker gives customers a free ..read more
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What Are No Deposit Bonuses?
OddsMonkey Blog
by James OddsMonkey
1M ago
No Deposit bonuses can be based on free bets and sign-up offers. Bookmakers can give customers a free bet for meeting certain requirements, typically upon signing up to a site for the first time, however, they can also be given out for already existing customers too surrounding popular events. Typically, many sportsbook and casino promotions require you to deposit cash into the account before bettors can actually receive any free bets or bonus funds. On the contrary, no deposit bonuses do not require you to deposit funds into the account first or make any initial qualifying bets, hence these ..read more
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