OddsMonkey & Betfair Exchange Integration

OddsMonkey & Betfair Exchange Integration

OddsMonkey have announced an impressive new feature which makes matched betting easier, quicker and potentially more profitable.

As of today (27th July 2017), OddsMonkey have released an upgrade to their software which allows users to place bets on Betfair exchange from within their OddsMonkey account. This impressive new feature integrates users’ existing Betfair accounts with their OddsMonkey account allowing users to place lay bets faster and easier without having to visit Betfair at all.

One challenge in matched betting is placing your back and lay bets as quickly as possible to ensure odds don’t change in the process. It’s also time consuming and sometimes frustrating switching between bookmaker and exchange tabs. This upgrade eliminates all of those problems and so we’re very excited to test this feature out and hope it works as described.

 

The benefits of this update

Presently, the main benefit 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 which will save you opening Betfair, clicking on the odds, entering your stake and confirming your bets. It makes the process of matched betting that little bit easier.

However, despite this being a great addition to OddsMonkey, the best is probably yet to come. At the moment, this feature is only integrated into the odds matcher and calculator but the OddsMonkey team are working on integrating it with all OddsMonkey tools. I feel this is where users will see the most benefit as it would be a very useful feature when added to the each way matcher and accumulator tools.

There are some helpful features integrated 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 fully match them or not lay them at all. Partially matched bets are a common problem, especially with beginners and when odds are changing fast.

2. It will also automatically lay your bet at the best price. For example, if there is 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 before laying the rest of your stake at 4.0.

3. 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. Again, saving time, effort and calculations.

The video below explains what Betfair integration is and will walk you though how it works from within your OddsMonkey account.

 

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, click here to sign up for a free account and click here to join Betfair.
link oddmonkey to betfairLinking your accounts is easy and takes no more than a minute to do. From within your OddsMonkey account, simply click on the ‘Link your Betfair account button’ located 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 the ‘Agree’ button to confirm you are happy for OddsMonkey to place bets on your behalf.

Once you’ve completed those steps. It’s done! You’re OddsMonkey and Betfair accounts should now be linked. This is a one-time requirement and you won’t need to link your accounts again. Should you wish to unlink your accounts, you can do so at any time from within the ‘Betfair settings’ section on your dashboard.

 

Conclusion

This is certainly a step in the right direction for OddsMonkey and matched betting in general. We’re looking forward to hearing the thoughts of OddsMonkey users 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.

Have you used the Betfair integration feature in OddsMonkey yet? If so, leave a comment below and let us know your thoughts.

 

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Tags assigned to this article:
betfairbetfair exchangeoddsmonkey

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