LAST UPDATED 14th August, 2017
The growth in popularity of matched betting has inspired a host of services to pop up but there are two main players in the industry. Here’s my OddsMonkey v Profit Accumulator comparison.
Profit Accumulator is by far the biggest of the matched betting sites, leading the way as a registered business as 2014.
OddsMonkey began life simply as a matched betting software provider but has since set up a more complete matched betting service in an effort to rival Profit Accumulator.
Profit Accumulator v OddsMonkey comparison
OddsMonkey have become Profit Accumulator’s main rivals but, in recent months, PA has responded by making some impressive changes to meet the challenge.
When we compare matched betting sites a few main factors need to be taken into consideration.
First of all, we’ll start with the cost – OddsMonkey is £15 a month or £150 for the year.
Until recently, this made OddsMonkey quite a lot more attractive than Profit Accumulator, but PA have now reduced their monthly subscription to £17.99 – and the annual subscription is the same at £150.
PA now also include all of their advanced tools such as Match Catcher and Acca Catcher to make sure customers get the same level of service.
Just like Profit Accumulator, the OddsMonkey free trial includes offers from two bookmakers and should make you about £45
Just like with most matched betting services, OddsMonkey recommend new members work their way through the bookie sign-up offers to help learn the ropes and build up bankroll.
Unfortunately, the list of sign-up offers is by no means comprehensive – they have just over 40 new account offers, compared with Profit Accumulator’s 54.prog
That’s a lot of potential profit to be missing out on.
They also tend to have fewer existing customer offers (or reload offers, as they’re called on PA). They are not updated as readily, which is a problem if you’re hoping to make a decent sustainable income from matched betting.
This is one of the main reasons you might struggle to make as much from OddsMonkey as you do from Profit Accumulator and, in my view, justifies the extra monthly cost at PA.
Forum and support
One of the standout differences when looking at OddsMonkey v Profit Accumulator is the forum.
I’ve written in the past about the matched betting forum at Profit Accumulator.
OddsMonkey have not been full-on matched betting site for as long as Profit Accumulator, so their forum is not as big or busy.
The lack of activity on the forum is a real disadvantage. A lot of PA customers swear by the forum because there is a lot of knowledge there and you can get a lot of help and advice.
Both sites offer customer support seven days a week, though OddsMonkey does not have offer customer support over the phone.
This is a disadvantage particularly to new matched bettors who might need urgent help if they have made a mistake with a matched bet.
Instructions and videos
OddsMonkey has step-by-step instructions for all of their offers but not all have a video tutorials.
The offers have a star rating to let you know how difficult each one is to do but they are not ranked by difficulty and there is no way of sorting the results.
A big part of Profit Accumulator’s early success was built on the strength of the instructions and, in particular, the videos and they’ve continued this. The instructions for each offer are clear and specific to the promotion and there are far more video tutorials to guide users through offers, how to use the software and how to complete advanced matched betting methods.
When looking at OddsMonkey v Profit Accumulator, you realise that by far the best feature at OddsMonkey is the software. They have a great selection of oddsmatching software and calculators that is a real strength.
OddsMonkey began life as a software provider for the likes of Profit Accumulator before deciding to move to offer a full-matched betting service.
So it makes sense that the matched betting software is OddsMonkey’s real selling point. Profit Accumulator have since developed their own version of the software and they are continually adding new features and looking to improve their existing tools. No matter which service you choose, OddsMonkey deserve a lot of credit for that.
JUNE 2017 UPDATE:
There’s little doubt that the emergence of OddsMonkey has kept Profit Accumulator on their toes and you could argue that this has been good for customers. Not only has it forced PA to think again on their prices, it’s meant they are continuing to improve the product.
In the first half of 2017, PA have regularly added some new tools.
This includes Profit Tracker – a bit of software that helps you keep an eye on your progress without the need for a separate spreadsheet.
There’s also some new additions to the offers page, including a gubbing filter, notifications when offers are changed, added or removed and the ability to pin your favourite offers to the top of the list.
AUGUST 2017 UPDATE:
One of the great things about competition is that is usually benefits the consumer. The emergence of OddsMonkey as a proper rival has inspired Profit Accumulator to keep improving and OddsMonkey are at it again.
In July, OddsMonkey announced Betfair integration to their main oddsmatching tool, meaning users can place their exchange bet from there, without having to open an new tab or leave the page.
It makes the process just that big quicker and is a nice feature. It will be interesting to see how Profit Accumulator respond – whether they will add something similar.
How much can be made from matched betting
Both services say they can help you make more than £1,000 per month and it’s certainly possible.
The PA forum has a really thread that show you exactly which offers to do each day if you’re aiming for £1,000. There’s also one for those who have less time to spare to show you how to make £300.
With any matched betting service, the amount you can make is up to you and how much time you can spare – and how many accounts you have active.
Given all the factors, though, I would suggest you will find it easier and have more chance of making a bigger profit every month with Profit Accumulator than any other service.
Oddsmonkey v Profit Accumulator conclusion
OddsMonkey have done an admirable job of putting themselves near the head of the pack when it comes to matched betting services. Its emergence and ideas certainly gave Profit Accumulator something to think about – particularly on pricing and with the tools on offer.
But, in 2017, Profit Accumulator made a number of significant changes to respond to this challenge – not least cutting the monthly price – and there are now few reasons to choose OddsMonkey over PA.
All details are correct to the best of my knowledge at the time of publishing.