People say that betting is a game of chance. You lose and you win. Some people will bet on their team for fun, and winning will be a bonus for them.
Others will surely do it just for that “chance” to win. What if we told you that you don’t need to rely on that so-called chance to win a bet?
Profit Squirrel does betting without relying on chance but by mathematical equations and profitability.
But is Profit Squirrel a scam? Is it worth it? These are the questions most of us have especially if we want to earn money online.
Do not worry, I am here to help you out determine those questions for you. Although, I am not part of Profit Squirrel I will do my best to give you all the information you need to help you decide on the path you wanted to take.
As of the moment, I am happy with what I am using right now. An all in one platform that’s helping me generate my 4 digits monthly passive income, so I have no plans to sign up for Profit Squirrel.
But of course, I want to make sure you will succeed too if you are into betting.
So here is my Profit Squirrel Review!
What is Profit Squirrel?
Profit Squirrel is a UK based company started in 2015 that offers “Matched Betting” Services. They provide step by step training about how to succeed or earn with matched betting.
Matched betting occurs on sports like football, tennis, horse racing, etc. They have claimed that people in the UK are now generating €500 per month by participating in Matched Betting.
Profit Squirrel guarantees that everyone who learned from them will earn during the first 30 days or they will give €100 if you didn’t.
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. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.” – Wikipedia
The idea is to bet on the team that might win and placing another bet on the other team that might lose. So you bet on both sides with the same amount of money creating a match.
In this way, you won’t rely on chance to win the bet because you placed on both teams. However, it will look as if your earnings from the winning team will cover your loss from the bet that you lost.
Technically you won’t earn money. The earning will come from the bookmaker’s bonus offers and incentives.
The bonus and incentives that came from bookmakers are the profits you’re making as someone who does match betting. You use their bonus or incentives to bet to avoid loss. Only earnings.
Instead of gambling and relying on chance, matched betting is more of equation and analytics.
This can be a little confusing at first especially for those who do not bet, like me. But apparently, Profit Squirrel will be able to help you out on this.
If you are still confused with Matched Betting here’s a video for further info:
What’s inside Profit Squirrel?
Since the concept of matched betting is to not rely on chance to be able to earn, profit squirrel depends on their 6 main components. These components are like tools that you use to be wiser at betting.
This is for them to know which one to bet, how much to bet and other things to consider.
Here are the 6 components of Profit Squirrel:
PS Academy: This is where you’ll have a lot of step by step training with both videos and reading materials to help you with the basics so you can get started with matched betting
Matching Software: This is their software that you need to be able to see the most profitable Matches in seconds.
One – click Calculators: A calculator that will inform you of the amount of profit that you’ll be able to make.
Profit Tracker: For you to be able to track your profit and to know the trend of your performance
Event Calendar: Allows you to see exactly when opportunities of profit will occur weeks in advance.
Community Forum: Their own community to help you out whenever you have questions and to engage in discussions with a fellow member.
With these components, Profit Squirrel distinguish themselves from bookmakers. Since they don’t gamble to earn and they are doing it in a much-secured way. They fully trust these components as this makes their betting 100% risk-free.
Think of these as your guide, from knowing the basics to knowing when and how to bet. This uses analytics and forecasting, truly they do not bet by chance.
What’s the cost?
Profit Squirrel offers free membership. This will let you access their member’s area and can view training.
However, you will have limited access as a free member. This will be in terms of training, tools, and betting.
In order for you to get full access, you need to upgrade. Meaning you need to pay their subscription fee or membership fee.
They have two option for paid membership; monthly and yearly.
Monthly will cost you €24.99 and if you choose yearly it will be €150.
Aside from that, you’ll be required to have a deposit minimum of €40 to €50 to make sure you will at least earn €20 in a bet. This will still depend because the higher your deposit is the higher your earning is.
What I Like About Profit Squirrel…
Good Feedback and Ratings
They have a good rating and reviews making them trustworthy of their program. A lot of members are satisfied with how they are earning from Profit Squirrel thru Matched Betting.
Just take a look at their ratings here, where they got 92% Excellent rate.
Don’t forget to take a look at their comments about Profit Squirrel.
30 Day Profit Guarantee
As I have told you a while ago they are offering €100 for those who did not earn within 30 days, this is on top of refunding the money you paid.
Meaning if in some case you were not able to earn within 30 days, you can request for a refund. Once a refund is approved not only will you get your money back, you will also get €100!
You can check their Terms and Conditions here, it’s under 4.3 for Termination and Cancellation.
I highly suggest reading their refund policy first to make sure that you will be qualified for their 30 days money back.
This is self-explanatory and this applies in the UK apparently.
You don’t have to pay taxes for any earnings that you make from matched betting.
…What I don’t like about Profit Squirrel
Yes, you can earn from Profit Squirrel, especially if you love to bet. However, this is something that you can do to earn those extra dollars.
This won’t be your passive income. Instead, this can be your side hustle. You can use this from time to time so you can earn money for your other expenses so that you can save your earnings from your passive one.
Now if you wanted to have a passive income, you can take a look at my #1 recommendation for you to be able to earn you 4 digit passive monthly income like me.
Only in the UK
This is one of the reasons why not everyone can join matched betting and profit squirrel. Especially, Profit Squirrel.
They are only based in the UK. Meaning, only those who are in the UK can benefit from their program. The matches are also on the UK only.
Banned by Bookmakers
Your profit and earnings will come from Bookmaker’s Bonuses and incentives. Now they also wanted to earn thru those who are betting and gambling.
Since you do match betting, they won’t earn from you. So, if they found out that you are earning, they will ban you from getting a part of their bonuses and incentives.
Is Profit Squirrel a Scam?
No. Profit Squirrel is not a scam. It is a legit way to make money thru betting.
If you love betting and you are in the UK I will surely recommend this for you.
However, is it worth it?
Here’s the thing, if you are into betting this will definitely earn you money while doing what you enjoy to do.
But if you are not into betting I wouldn’t think this will be worth your time as you need to learn the basics of betting and the games that are involved.
Aside from that, this is not a passive income. If you are looking for something to earn you money online, this can be your side hustle, not your monthly income.
And if you know my story, I have been looking for something that will help me earn my passive monthly income. Profit Squirrel for me is not it.
So, if you are looking for that passive monthly income you can go for my #1 recommendation which will help you make that passive monthly income like me.
How I Make a Living Online…
I make money online thru Affiliate Marketing. With this website and my Quora account, I do honest reviews of products and get incentives whenever they earn because of me.
You don’t need to have a solid experience in affiliate marketing, nor do you need a degree for you to earn like me.
I am no longer chasing every paycheck. Now, aside from my day job, which I love, I have a stable passive income thanks to Wealthy Affiliate and you can be one too by clicking here.
Wishing you the best of luck with your HUSTLE!