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Is profit squirrel a scam or is it true that you can easily make £500 a month?

Is profit squirrel a scam

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.

Try Profit Squirrel Here!

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?

Mаtched bеtting (also known as back bet matching, lay bet matching or double bеtting) is a bеtting technique used by individuals to profit from the free bets and incentives offered by bookmakers.

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?

Is profit squirrel a scam

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
  • Tutorials
  • 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.

Is profit squirrel a scam

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.

Is profit squirrel a scam

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.

Start Making Profits in 20 Minutes!

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.

Push Notifications

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.

Is profit squirrel a scam

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:

Is profit squirrel a scam

 

Is profit squirrel a scam

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.

Try Profit Squirrel Here!

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.

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8 Comments

  • Reply Dave April 26, 2018 at 12:40 pm

    Hallo there,

    I have to say that Profit Squirrel seems to be a very good opportunity especially knowing that the money you invest into it will pay itself back, but I think I am going to go with building my own online business with the second alternative you have offered at the end of the post.

    It seems fun to work on it and is also very promising for a person like me. Thanks for the info.

    • Reply Shan April 26, 2018 at 8:41 pm

      Hi Dave

      Yes, it is indeed rare to find an opportunity online that is actually profitable and no risk.

      That’s awesome, yes I actually prefer to building my own online business, it feed a different sort of creativity and there is no limit to your income earning ability 🙂

  • Reply Karen Noone April 30, 2018 at 4:04 pm

    I came across this review by accident but the title intrigued me.
    I come from a whole family of gamblers, one of them professional. They all always seem to make money but I’m afraid it all goes over my head. They try to explain but all I hear is blah blah blah !
    I am no gambler, I bet a whole dollar in Vegas in 3 days. Lol.
    However I might just give this a try and hopefully learn how to bet properly. It does sound very intriguing.
    Can you cancel after your first month if it is not working for me ?

    • Reply Shan April 30, 2018 at 9:41 pm

      Hi Karen

      Oh gosh, I personally wouldn’t recommend gambling though. Matched betting is a method that doesn’t involve any gambling. It is a systematic and risk free way of utilising the bonuses offers by bookmakers to make money.

      I do not believe there is a minimum contract period, so you should be able to cancel anytime. I would suggest going for the free trial first and see its your cup of tea 🙂

  • Reply Furkan May 6, 2018 at 3:52 pm

    This is the first time I hear about this and gaming the system is quite interesting and I definitely want to learn more about it. However I have a question about the support. Are there enough people to help everyone and can I get a reply to my question in a short time?

    • Reply Shan May 6, 2018 at 9:00 pm

      Hi Furkan

      Thanks for stopping by.

      Users have reported that Profit Squirrel’s customer service support is very responsive to their questions and helpful in helping them make money with their system.

      I do find that Profit Squirrel’s community isn’t as active as OddsMonkey, which has been around for a longer time. That being said the support at both Profit Squirrel and OddsMonkey are pretty top-notch.

  • Reply Andrew May 13, 2018 at 5:52 am

    Hi there! I just finished reading your review of the Profit Squirrel system and I thought I would just drop you a quick comment to say thanks.

    I have learned a few new things here today. In the past I have looked at something similar to this. Like yourself I found myself wondering if this could be legal. I’m pleased that it is.

    $500 is a good enough amount for me to give this a try. I think this seems like a great deal, considering the value that you appear to get from the site.

    Thanks for introducing me to this site. I’m going to take a closer look at this one.

    • Reply Shan May 13, 2018 at 8:26 am

      Hi Andrew

      Yes isn’t it nice when you finally find something online that is legit. They are certainly few and far between!

      I would suggest checking out the free trial and seeing if you like it before jumping in. There is also a competitor, OddsMonkey that also offers a free trial that you might want to check out too.

      Thanks for stopping by!

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