Profit Squirrel promises to give you the opportunity make £500 a month from a completely risk-free strategy.
When I first read that, I was immediately skeptical.
Sounded like one of those nasty binary scams.
But little did I know, before I did my research, matched betting is become increasingly popular in recent years as a legitimate way to make money online.
So if you were considering this opportunity or looking for a way to make some extra money online, then take 5 minutes to read my review. I’ll give you the lowdown on matched betting and Profit Squirrel so you can decide for yourself whether Profit Squirrel is a scam or great money making opportunity.
What is Profit Squirrel?
Profit Squirrel was developed in 2015 by founder Chris Haill after learning matched betting and a keen matched bettor himself.
Chris designed Profit Squirrel to be ‘the best at teaching people how to match bet’. Profit Squirrel promises that once you complete the step-by-step video tutorials you will be equipped with the skills to make risk-free profits in the sports betting markets. And you don’t have to know anything about sports.
Sounds too good to be true? That’s what I thought too.
Let’s take a step back and talk about what “Matched Betting” is because I had no idea before I did my research for this post.
What is Matched Betting?
For example, bookmakers often offer sign up bonuses for new members if they make a few bets on their site.
So what you then do is make a few bets on opposing sides for a tennis match. So obviously, either A or B will win the match so you will lose one of your bets.
Let’s say you lose £10 per bet which totals £30 for three bets. But making those bets means you have now unlocked a £100 sign on bonus.
That results in a £70 profit.
You then rinse & repeat on other sites.
I do note that sign up bonuses aren’t the only kinds of bonuses and sites like Profit Squirrel:
- Gather information from various Bookmaker’s sites,
- Determine the best available offers
- Shows them to you and teach you how to ‘take advantage’ of these different kinds of bonuses to make money.
Is Matched Betting Legal?
That was my first thought. Surely, you can’t profit from a system like this.
But yes, it is legal.
And it is completely legal in the UK where Profit Squirrel is based and most other countries. In fact, a spokesperson for one of the biggest betting sites, William Hill, stated that the betting industry does not have a problem with the use of free bets.
And why don’t they have an issue with matched betting?
Well because most people who take on these bonuses, don’t do matched betting and end up spending a whole lot more than the bonus offered. And as long as the Bookmaker’s pockets remain full, they aren’t too worried about a small portion of people who have literally learnt to game the system.
So is this similar to learning how to trade Forex or Binary Options?
Unlike learning to trade in forex markets or binary options, matched betting is 100% risk-free and does not require a significant amount of money to start.
You will also not be exposed to the possibility of huge losses like you do in forex or options trading.
Matched betting is focused on the sports market, which is more familiar and more accessible to people than currency exchanges and options trading.
So how do you get started with Profit Squirrel?
To qualify, you do need to be over 18 and prove residency in the United Kingdom (UK). The methods taught in Profit Squirrel and daily income offers are only available to resident of the UK.
If you meet these criteria, you will need to sign up as a member for Profit Squirrel. It costs £24.99 for the monthly option and £198.99 for the annual option.
After that, you will need £40-50 to get started. This is enough to make you about £20 in guaranteed profit in just your first tutorial.
They always say if you play big then you win big. But I’m a bit more conservative I always like to test the waters out first. Even if they do say its 100% risk free.
What do you get for your Profit Squirrel membership?
For your Profit Squirrel membership you will get:
- Step-by-step training videos
- Dedicated support team
- Matched Betting software
Step-by step training videos and tutorials
Their first video is about 20 minutes long and walks through their platform and explains how you make money with Matched Betting.
After that, most of their tutorial videos are about 5 minutes or less.
I do note that the tutorials come in both written and video formats to suit your preferred way of learning.
Matched Betting Tools
Profit Squirrel provides tools like the “Odds Calculator” and “Oddsmatcher”.
The Odds Calculator is a tool that will help you to calculate your profit and earnings while the Oddsmatcher will help you find the odds you want on betting websites.
The step-by-step tutorial do take teach you everything you need to know to use these tools.
Profit Squirrel does have over a hundred offers at any given time so you will make quite a decent amount of money just by going through their offers.
The profit tracker tool while not necessary, as you can do this on an excel spread sheet, is a great feature when you are a beginner. That means you can concentrate on learning the tools and not have to bother with the admin side of things like tracking.
Profit Squirrel offers an easy-to-use profit-tracking functionality on their site.
This is a great feature and ensures that you do not miss out on offers.
The push notification features gives you real-time notifications straight to your device or computer. The only downside is that there is no way of filtering the notifications by profit, so you get notified of everything even if the offer is for a small amount of money.
What are people saying about Profit Squirrel
After having a dig around online, it looks like Profit Squirrel is generally rated extremely positive reviews by its users.
Being someone who is constantly on the lookout for great ways to make money online, I am mostly disappointed by what I find. And certainly the reviews from users for other products are not nearly as rosy.
Let’s have a look:
For example, on TrustPilot Profit Squirrel has been rated the best possible rating which is 5 stars by 90 users.
And the average rating based on 90 reviews is 9.1 out of 10. I couldn’t believe how positive the reviews were!
Here are a few:
How Much Can You Earn with Profit Squirrel?
If you are new to matched betting, you can earn about £1,500 just from calming all your welcome bonuses by signing up to all the different Bookmakers.
After that it is possible to make about £500 per month. I don’t know about you, but £500 a month goes a long way in our household and matched betting doesn’t require too much time.
And the best bit was that all the earnings from the matched betting are completely tax-free.
That means you get to keep the whole £500 which would make your hourly salary from matched betting is much higher than the average hourly salary in the UK.
Once you put in the work and learn the process, the process of matched betting doesn’t take long. You just rinse and repeat the process.
Is Profit Squirrel worth it?
The cost of the membership will pay itself back very quickly with typical earnings of £500 per month.
If you are in this for the long haul, you will only get better and better and can make more and more each month.
While you aren’t going to become a millionaire from matched betting, you can definitely make a decent monthly income from this opportunity.
Take a look at my #1 recommendation to learn how you can build a real online business where there are no income limits.