Last Updated on May 13, 2019
Is Profit Squirrel a scam? If you are addicted to sports, you might have placed a bet on your favorite player or team once in your life. You might have won or might have lost. That’s just how sports betting works!
Well, what if I tell you that you can now start betting all you want without the risk? Say what? I know, right? How is this even possible?
Chris Haill introduces the concept of matched betting, which is betting minus the risk, in his new mindchild, Profit Squirrel.
However, does Chris Haill speak the truth? Or what if Chris Haill is just another liar, or worst, a scammer?
Lucky you! Today, in this Profit Squirrel review, I am going to tell you what Profit Squirrel is all about, what matched betting is, and most importantly, if this will really make you money.
If you are not interested in matched betting and you are looking for a real make money online opportunity, check out my number 1 recommendation!
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Profit Squirrel is an online website which gives you training courses and tools that will enable you to engage in matched betting without the risk.
Profit Squirrel will guide you step by step on how to make money by means of matched betting with the use of tutorials.
This company was founded by Chris Haill and he built it from the ground up in UK back in 2015. Ever since then, he has been helping people make money on every bet you place.
You can bet on tennis, soccer, football, or horse racing and still be making money off of your bets. How awesome is that?
I can’t talk to you about how Profit Squirrel works if you do not know what matched betting is all about. If you have no idea about matched betting, refer to the next section!
What is Matched Betting?
Matched betting is a betting technique that gives you profit by making money with the bonuses from online betting sites and casinos. This technique is risk free even though it is still technically betting. How is it risk free, you ask?
Well, online betting websites provide sign up bonuses for new members. Of course, for you to get that bonus, you will have to make some bets on their website.
What makes this different from sports betting is that you are going to lay bets for both teams. Like in soccer, you are going to bet for winning for both teams. This way, you are going to win whatever the outcome is.
However, of course, you are going to lose some money from your losing bet.
Once you have done a few bets, you can claim the sign up bonuses and other incentives the website offers. The incentives you will gain for signing up will cover up for that loss. Cool, right?
Plus, the incentives are not just for signing up. The incentives and bonuses the bookmakers offer per website differs. So, you can expect to receive a lot of spare cash.
You can just keep on repeating this cycle, and you’ll be earning money!
It is risk free because you are not gambling, but it’s because your losses will still be recovered.
Now, that’s how I like it!
Getting Started with Profit Squirrel
I’ll tell you something cool. Free membership fee. YES. You can be a member of Profit Squirrel for free!
So, what are the resources that are provided to you once you become a member?
Absolutely nothing! You read this right. The only thing you can do with a free membership is view some of the training modules. You might think that this would be okay since you’ll be getting a little bit free stuff.
In my perspective, this is completely useless. What’s the point of it if you won’t be able to fully utilize the training courses so that you will be successful in matched betting?
You’d be better of with the premium membership. Of course, you have to invest in this.
You would first have to make a deposit of £40 to £50. This is the minimum so that you could earn at least £20 in one bet.
Naturally, the higher your deposit is, the more money you can earn for each bet.
That’s not all though. This is not a one time fee.
If you want to keep on availing Profit Squirrel’s services, you’re going to have to pay for it monthly. How much will it cost you?
Per month, it costs £24.99. You also have the option to pay for it yearly which will cost £150.
How Does Profit Squirrel Work?
To know the answer to the question ‘Is Profit Squirrel a scam?’, we first have to know how it works.
You may want to see how Chris Haill explains how Profit Squirrel works.
When you subscribe to Profit Squirrel, you will be provided with different resources that will be useful to you once you start matched betting.
Profit Squirrel will not teach you the ropes on gambling. Rather, it will teach you the ins and outs of secure and risk-free betting. Plus, you will also be taught the skills you will need in your matched betting ventures.
The list below shows what you will be getting with Profit Squirrel.
PS Academy
Don’t worry if you’re new to the concept of matched betting. Profit Squirrel will train you step by step with the use videos and written texts. This will teach you the basics of matched betting and help you get started with it.
Matching Software
For matched betting to be completely risk free, you have to be able to see which matches are profitable. With the matching software, just within a few seconds, you will be able to capture the most profitable matches. Of course, you don’t want to waste money on lost matches.
Profit Tracker
The profit tracker obviously tracks how much profit you have gained over the course of your bets and it also indicates your performance.
One-Click Calculator
Curious about how much you’ll be earning on your bets? The one-click calculator will let you know exactly how much profit you are guaranteed to earn. You don’t have to play the guessing game anymore!
Community Forum
You don’t have to be alone. Profit Squirrel has a community in which you can talk and interact with other members. You can ask questions, get help and support from them.
Event Calendar
There are fruitful seasons, while there are also seasons in which you wish the next season would come already. Just like in matched betting, there are times when there will be profitable opportunities.
Of course, as an intellectual, you know that you should take advantage of that. That’s why Profit Squirrel introduced to you the concept of the event calendar.
The event calendar tells you weeks in advance when the profitable opportunities will come to you so that you can utilize your bets in the best way possible.
Profit Squirrel also offers you a dedicated support team so that you have people to rely on whenever you have concerns you can’t solve by yourself.
How Much Can You Earn With Profit Squirrel?
There’s no need for you to crunch up numbers on your calculator to know how much you will be earning with Profit Squirrel. I already did that for you.
You can earn up to £1,500 just through the bonuses and incentives the bookmakers give to you when you sign up on their website.
Plus, when you think of regular earnings, you are going to make £500 per month.
Take note that matched betting will not take up most of your time. Gaining £500 per month is not that bad. So, you could think of it as an extra source of cash.
Plus, matched betting is tax free in the UK. You can maximize what you’re earning without having to take into account the taxes which can get expensive.
Is Profit Squirrel a scam? If you want to know the answer to that, you might want to see the cons of Profit Squirrel that I have listed for you down below.
Cons of Using Profit Squirrel
Just for Extra Cash
This is not a sustainable source of income. Let’s get that out of the way.
Sure, this will earn you some extra cash if you have applied what you have learned in the training. But even if you do earn extra money, that’s really just about it.
Betting has never been considered a source of secure money since it is very risky in the first place.
Just because you are given the option to bet in a secure and risk-free manner doesn’t mean that it is a sustainable way of making money.
You can bet and earn but your money will just be circulating in a cycle. And when you’re out of money to place on your bets, that’s when you’re doomed.
Restrictions
I am not saying this is a bad thing. Since it is technically still called betting, of course, there should be restrictions.
If you are not aged 18 or above, you may just continue drinking your milk. Also, if you are not from the UK, you can start looking elsewhere.
I Got Banned
The people behind Profit Squirrel will tell you they just have the intention of helping you make money from matched betting. However, this is still a business.
If the administrators of the website notice that your account is making too much money, they will think of this as if you’re taking a lot of money from them.
As a result, they will eventually ban you from the website.
Don’t worry though, there are a lot of matched betting websites out there. You won’t run out of options!
Not so Free at All
The free membership is useless. You are only given access to view some of the training modules but I think with these, you won’t be able to utilize Profit Squirrel properly to be successful in your matched betting ventures.
I think this is just an attempt for you to be forced into upgrading to the premium membership. This membership is where all the good stuff are.
Pros of Using Profit Squirrel
No Taxes! Yes!
Taxes can get really expensive, and thankfully in the UK, you don’t have to pay taxes for matched betting.
30 Day Profit Guarantee
Profit Squirrel claims that you can make a profit within just 30 days. This speaks true to itself because matched betting will definitely bring returns to you.
And if you don’t make a profit within 30 days, they promise that they will not only refund you the money but they will also compensate you with an additional £100. How crazy is that?
Risk Free
It is risk free because you are making the smart move of placing bets for both sides. Whatever the outcome is, you’ll be making money. Also, if you claim the bonuses and incentives, you can cover up your loss.
It is not a gamble, but it is still betting in a smarter and secure way.
It’s Legal
In the UK and most other countries, matched betting is totally legal. So you don’t have to worry that the government and authorities will knock on your door and take you to jail.
Trusted by The Public
When you scroll through the reviews section of Profit Squirrel in Trust Pilot, you will mostly see positive reviews and ratings. There are little to nothing complaints. That must be a good sign!
My Final Thoughts! Is Profit Squirrel a Scam?
Profit Squirrel is not a scam. It is a legit way of making money by matched betting.
You are not just given fish, but you are taught how to fish. You will learn how to fully utilize matched betting so that you will have return in profits and you can achieve success in your bets.
Plus, matched betting is legal and it is risk free. Although it is still betting, it is a smarter and more efficient way of making money.
However, this is not a sustainable source of income. Sure, you can earn up to £1,500 from the incentives and £500 monthly, but that is not going to cut it. You can treat matched betting more of as a leisure and just an extra source of minimal cash.
If you are looking for a real make money online opportunity, check out my number 1 recommendation!
Just keep one thing in mind, this won’t happen overnight! But if you are a type of fella that can follow a blueprint, if you are willing to take action, then you can turn your passion into a thriving online business!
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