Want to know what is Profit Squirrel? Can you really use their system to earn money online? Is it as simple as they claim?
Or is it just a blatant scam to add to our no-go list? Continue reading this Profit Squirrel review to learn more about the platform.
Lets dive in.
Profit Squirrel Review
Product Name: Profit Squirrel
Product Type: Online Betting
Creator: Chris Haill. Founded in 2015
Price: Free with monthly membership upgrades: Premium $24.99/month or $150/year.
Best For: Sports Bettors
Summary: Profit Squirrel is an interesting idea, and it’s really a smart marketing tactic to bring in more customers.
It’s definitely not a scam, but it comes with some negatives aspects like being exposed to excessive spam. For online income seekers, placing bets is an unstable way to earn income.
What is Profit Squirrel?
Profit Squirrel claims all you have to do is use their software to cash-out big time. Watch the videos, create an account, use the software, and earn cash.
Is it really that simple?
Here’s the thing:
Profit Squirrel is a betting system.
They have a database of video tutorials you can watch to become familiar with the concept.
The system is based on the idea of matched betting which is a technique of capitalizing on free bets to earn cash.
See, during sports events and other popular tournaments, there are companies that offer free bets as an incentive for people to join.
So Profit Squirrel is built around this idea; the idea of using free bets to earn money.
The good thing about this type of betting is it’s legal, but you do have to be over 18 to do it.
How Does Profit Squirrel Work?
Profit Squirrel teaches you how to place bets on both sides to even the odds, in order to increase chances of a win.
Once you go through the tutorials you are supposed to use their platform to start placing bets.
See, the Profit Squirrel links you to matched-betting companies that offer free sign-up bonuses.
And you use those bonuses to place bets.
The training teaches you how to use their odds calculator to put most of your cash on the side with the best odds.
You can bet on a ton of different stuff too, not only sporting events, but casino offers, and other techniques.
So it’s rather straightforward.
Is Profit Squirrel a Scam:
We don’t think Profit Squirrel is a scam, but here’s what we didn’t like about Profit Squirrel.
For starters, they claim you can earn a consistent 1,000 + a month placing bets.
It’s a little bit like a casino saying you can earn millions of dollars a month by playing slot machines.
Obviously you won’t be making anywhere near that much.
And you also need a lot of cash to get started.
Even though some of the bets are free, if you want to increase the earning pool you’ll need to add more from your pocket.
Another downside is most offers are only available locally. In other words, most of the offers are only available in the U.K.
So if you don’t live in the UK, the system will be quite limited.
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How Much Does Profit Squirrel Cost?
There are a few membership levels:
- Premium $24.99/month
- Premium $150/year
The reason you would want to upgrade is because the premium memberships offer more sites, thus more chances to earn.
They also offer free customer support, if you run into any issues.
With the yearly membership you are entitled to a free 30 minute call with a success coach.
Profit Squirrel Pros:
Besides those downsides, there are some positive points worth talking about:
We liked the design of the website, it’s very clean and modern.
The videos all load fast too, and it’s really easy to navigate to different pages inside the member’s area.
The videos themselves are quite interesting too, as they teach you all about matching betting and free bonus bets.
You can also create a free trial account, which is nice.
The free trial lets you watch the initial videos but you can’t visit any of the offers yet, until you upgrade. Actually that’s the only thing that you can do, all the offers are locked.
I also like the idea of matched betting since it’s not as risky as other types of bets.
Since you’re using free offers, there’s really nothing to lose. If you lose, it’s not your cash, so it doesn’t matter.
But of course you can’t make tons of cash with the free offers alone.
You’ll have to invest more of your own cash to increase the prize pool.
Final Thoughts On Profit Squirrel:
To sum it up, Profit Squirrel is an interesting idea, and it’s definitely not a scam.
But there are some issues we have with this method of earning money online.
For one, you have to sign up to a ton of different betting sites, since each one only offers one initial bonus.
And that means a ton of spam.
Most of these sites want your telephone number too, so that can lead to a lot of unwanted phone calls.
Besides that, placing bets is a rather unstable way to earn income.
But matched betting is relatively safe, so there’s not much too lose.
And it’s legal too.
Nevertheless, it’s often tempting to bet a ton of money to increase the winnings.
If you had problems with gambling this might not be the best platform for you to use.
You can easily burn through a lot of cash.
But matched betting is still much safer the binary options.
In short, we don’t recommend Profit Squirrel as a way to earn money online.
What Do We Recommend?
We recommend learning how to build your own online business, in a niche of your choice.
It’s easier than you might think, and once you get it rolling, it’s an incredible source of income.
You can make it earn as much as you want, it’s all based on how much you want to do.
So hopefully now you know what is Profit Squirrel.
Thanks for taking the time to read this review, leave a comment if you have any questions.