Is Profit Squirrel legit or is it just another scam? Of course, it says right on the Profit Squirrel website, “it certainly isn’t too good to be true.” Nevertheless, when you’re looking into opportunities designed to help you make money fast online, it’s definitely important to review a variety of different sources to figure out if it’s legit or not.
Profit Squirrel Uses Matched Betting
Profit Squirrel is a UK-based online tool for matched betting. Matched betting is designed to take advantage of the “free bets” that betting companies offer. For example, you might see a promotion to sign up for a new betting site. The promotion might say, “we will give you a free $50 bet after you bet your first $50.” Matched betting is a way to take advantage of those free bets to make money.
There’s a mathematical approach to matched betting that you can learn more about it if you’re interested in those details. Basically, though, it’s a betting approach in which you can place all possible bets. Therefore, you’ll win something back no matter what. Since you’re working with free bet money, it’s supposed to result in no risk at worst and a profit at best. Since it’s risk-free, it’s not considered true betting, which makes it legal in many places.
How Does Profit Squirrel Work?
Profit Squirrel teaches you the basics of matched betting through video tutorials. Then you use their computer software to make matched bets. The company says that each tutorial takes about twenty minutes to complete. You have to live in the UK and be at least 18 years of age to use this tool.
The company reports that many people are earning £500 per month using their system. That’s not an outrageous claim. So if you’re asking, “is Profit Squirrel legit?” it certainly already looks a lot better than some online sites. After all, many sites say you can earn money like that in a single day.
Even though matched betting isn’t considered gambling, the money is paid out through gambling sites. The UK doesn’t tax gambling winnings, so if you do make money from Profit Squirrel, it’s tax-free money. The company claims that since you’re earning tax-free income that’s risk-free, you’re guaranteed a profit. But is Profit Squirrel legit?
Profit Squirrel Costs Money
You have to sign up with bookmakers yourself to place your matched bets. Technically, you could learn matched betting on your own and do this without Profit Squirrel. However, the company is offering you the education and software to learn how to make money with matched betting quickly. Of course, they aren’t just giving that away for free. In fact, it costs £24.99 per month or £150 per year. If you aren’t sure whether or not you can afford to pay that to engage in matched betting, it might not be the right tool for you to make money online. That said, they do offer a free trial, so there’s no harm in giving it a try.
So, Is Profit Squirrel Legit?
Matched betting is legal. It has the potential to be one way to make some extra money online. Profit Squirrel teaches you how to do that. So yes, Profit Squirrel is legit. However, it’s costly. It costs more than other similar matched betting tools. Reports online don’t indicate that their platform is any better than those other platforms. Therefore, even though it’s legit, it may not be the best way to go. If you’re interested in matched betting, then review all of your options and determine whether or not Profit Squirrel is the right one for you.