OddsMonkey have introduced an outstanding new feature which makes matched betting less difficult, faster and doubtlessly more worthwhile.
As of today, OddsMonkey have released an upgrade to their software which allows customers to place bets on Betfair exchange from within their OddsMonkey account. This incredible new feature integrates customers’ current Betfair accounts with their OddsMonkey account permitting customers to place lay bets quicker and easier without having to go to Betfair at all.
One task in matched betting is putting your back and lay bets as fast as possible to ensure odds don’t change in the process. It’s sometimes frustrating switching between bookmaker and exchange tabs and can be time consuming. This upgrade eliminates all of those troubles and so we’re very excited to test this feature out and hope it works as described.
The benefits of this update
At the moment, the main advantage of linking your Betfair account to OddsMonkey is time saving and convenience. You’ll be able to place your lay bets from within the calculator so as to prevent opening Betfair, clicking on the odds, entering your stake and confirming your bets. It makes the process of matched betting that little bit simpler.
However, regardless of this being an awesome addition to OddsMonkey, the best is probably yet to come. At the moment, this feature is only included into the odds matcher and calculator but the OddsMonkey team are working on integrating it with all OddsMonkey tools. I feel that is where customers will see the maximum benefit as it would be a very beneficial feature when added to the each way matcher and accumulator tools.
There are some useful features included into this update such as:
1. When placing your lay bets from within your OddsMonkey account it won’t partial match your bets. It will only either completely match them or not lay them at all. Partially matched bets are a common trouble, particularly with beginners and when odds are changing fast.
- It will also automatically lay your bet at the best fee. for instance, if there’s only £5 available on an event at odds of 3.9 but £100 available at odds of 4.0, the software will lay the £5 at 3.9 earlier than laying the rest of your stake at 4.0.
- If the odds on Betfair change while you are placing your back bet the software will notify you. It will then automatically update the calculator with the new odds and the new lay stake. Once more, saving time, effort and calculations.
How to link your OddsMonkey and Betfair accounts
If you’re already a member of OddsMonkey the first step you will have to take is to link your OddsMonkey account with your Betfair exchange account. If you’re not a member at OddsMonkey yet, sign up for a free account and click on the icon to join Betfair.
Linking your accounts is easy and takes no more than a minute to do. From your OddsMonkey account, click on the ‘link your Betfair account button’ found at the bottom of your dashboard.
On the next page click on the ‘link to Betfair now’ button.
You’ll then be taken to Betfair where you’ll be asked to log in to your account.
Once logged in, click on the ‘Agree’ button to confirm you are satisfied with OddsMonkey to place bets for you.
Once you’ve finished those steps. It’s done! Your OddsMonkey and Betfair accounts should now be linked. This is a one-time requirement and you won’t need to link your accounts again. If you want to unlink your accounts, you can do so at any time from within the ‘Betfair settings’ section on your dashboard.
This is actually a step in the right path for OddsMonkey and matched betting in general. We’re looking forward to listening to the thoughts of OddsMonkey customers in the weeks to come once they had a chance to try it out and of course to test it out on the other OddsMonkey tools once that update is released.