Andy, so there's only a smell? no visible smoke? If its only a smell, there are several reasons for this... Too much engine oil will increase your oil pressure and oil may be pushed in your combustion chamber, mix with gas, burn and out the exhaust... Another reason are some ingredients in your gasoline (like sulfur for example) that is supposed to be filtered by your catalytic converter inside the muffler... If the cat filtering is already poor... these compound will exit the exhaust and might smell like burnt oil... For me, if there is no visible smoke, there's nothing to worry about... What fuel are you using...