Is Profit Accumulator a scam? or a legitimate way to earn extra cash from home with matched betting?
Matched Betting in the UK is one of the most reliable ways to earn extra cash from home. Not only it is legal, but the profit you make is 100% tax-free.
If you are like me, who has never made a bet in my life and has limited knowledge of sports, having a good matched betting service and tool is essential to your profit making success.
This is where Profit Accumulator comes in..
When I first started using Profit Accumulator to do matched betting, I was sceptical too – Is Profit Accumulator a scam?
In this Profit Accumulator review, I will be covering the following commonly asked questions based on my experience.
- What is Profit Accumulator?
- How does work?
- How much does it cost to start a profit accumulator?
- Profit Accumulator Pros and Cons?
- Is Profit Accumulator a scam?
Without further ado, let’s get to it..
Disclosure: Some of the links in the article contains affiliate links, which means that if you make a purchase through one of the links, I will receive a small commission at no extra cost to you.
What is Profit Accumulator?
Profit Accumulator is one of the leading matched betting sites in the UK. Founded in 2014 by Sam Stoffel, it is the biggest matched betting site in the UK, helping over 100,000 paid customers make extra cash from home online. Many of them even make a healthy full time income from it.
By paying a fixed monthly or annual fee, you have access to hundreds of signup offers (worth about £1500 profit), and reload offers. It provides a host of tools, and training videos. If you are a complete newbie, you will really benefit from its 7 days a week support and a helpful forum that you can learn tips and tricks from. Want to find out more?…
Who is it for?
Profit Accumulator is for anyone who is a resident in the UK or Ireland (over age of 18), wanting to make extra cash from home online.
Matched betting is completely legal, and the money you make is 100% tax-free. Don’t take my word for it, check out the HMRC official site for yourself.
When I started with Profit Accumulator, I had never placed a bet in my life, nor had any sports knowledge. Profit Accumulator walks you through each offer step by step.
Want to learn the lingo to have a head start? Here are 20 must know terminology for Matched Betting.
How does it work?
Once you signed up with Profit Accumulator, here’s what your dashboard will look like.
While you can customize the dashboard, there are 5 essential tools you will be using at a high frequency. I will cover each of them in more details here.
By click the “Start Here” button, it will take you to a “Matched Betting Basic Training” video. If you are a newbie like me, I highly recommend you watch the video before you start your first signup offer.
#1. Signup Offers:
There are a total of 203 offers that Profit Accumulator has step-by-step instructions on. This is worth over £1500 profit (on the conservative side).
The offers break down into:
- 88 Sports signup offers
- 63 Casino signup offers
- 52 Reload offers
Here is an example of a list of sports signup offers. For each of offer, it shows which bookmaker is it with (which I have blocked off), the value of the offer, the difficulty level (Easy, Medium or Hard), and the guaranteed profit you can make from this offer.
For the example that I am showing below, for this particular bookie, the free bet is at a value of £20. It’s an easy offer and it guarantees a profit of £15.
The website also helps you to track the status of your offer completion status by showing a separate list of completed, incomplete, and in-progress offers.
When starting out, I would recommend completing ALL sports signup offers first, which worth about £1000, before venturing to casino signup offers . This is where you get the best value for your time. Within the sports, signup offers, start with the low easy hanging fruit by filtering from the easy to more difficult offers.
#2. Casino Offers:
Not all sign up offers are created equally. This is the case for the Casino Signup Offers.
I want to be completely honest here, some of the Casino offers has very limited profit and sometimes is not guaranteed.
From the list of Casino signup offers showing below, notice that some of them have “NOT RISK FREE” showing. This means that there is a wagering requirement that needs to be met before you can withdraw the profit.
While Profit Accumulator only put up offers which do not have ridiculous wagering requirements or hit frequency, they are being transparent if there is a potential that you may not make a profit from the offer. When this is the case, you will also see the Yellow button showing the EXPECTED profit value, instead of a Green button showing as the guaranteed profit.
Keep in mind though, while “NOT RISK FREE” means the “PROFIT” is not guaranteed. It does NOT mean you will be loosing money. Remember, at the end of the day, matched betting in the UK is a risk free way to make extra cash from home.
#3. Reload Offers and Offers Calendar:
Now that you got a gist of different signup offers, you may wonder, what’s next?
Well, the next step is to work through the Reload Offers and check out the Offers Calendar.
The Reload Offers are offers from the bookie that you have already done the signup offers with. They offer these to keep you coming back.
Just to manage your expectations, the deal is not as sweet as the signup offers, and sometimes it is more difficult to do. But if you have done all the signup offers, you shouldn’t have any issues to complete these and they are still plenty of profit to be made.
So what is Offers Calendar? This is a great feature once you have completed the Signup and reload offers. The Offers Calendar shows you which bookie has what offer at what peroid, so you can take advantage of. This is your coupon book!
Here’s an example of the Offer Calendar:
It’s helpful to track down all the offers from different bookies, the real value of using Profit Accumulator is their tools. Oddsmatcher allows you to find a list of events that closely matched back and lay odds in order to balance the risks. The matches are rated to help you to minimize the risks from the qualifying bets and maximising the profit from the free bets.
This tool is the compass when it comes to matched betting. It allows you to search every bookmaker’s latest free bets, and sort the event that has closely back and lay odds. The closer the 2 odds are, the more profit you can make at the end.
Once you picked a closely matched event, you can click through the calulator button. A pop up Calculator appears to display the details of the event. I will discuss more in details in #5.
This is where you can enter the info on:
- The type of bet – qualifying or free bet.
- How much the bet is.
- Check to ensure the back and lay odds are correct.
It then shows how much you need to lay in exchange, and how much liability you need to have in your exchange.
Finally, how much you would lose if it’s a qualifying bet (usually less than £1), and how much profit you can make if it’s a free bet. The total profit you make will be the profit you make from the free bet minus the small amount you lose for the qualifying bet.
The calculator also provides links to both bookie’s and exchange website that you can lay the bets with.
There are 19 more advanced Calculator tools within Profit Accumulator. As you are working through the signup offers, the tutorial will walk you through step by step on how to use these tools.
Customer support and Forum
This is the part that I am the most happy with Profit Accumulator. They operate 7 days a week during standard service hours. You can either contact them via email or phone. My most preferred way is finding help via the forum.
You can search the topic that you need help with. The chances are, that someone has asked the question in the past and the answers are already there.
If you can’t find the answer you are looking for, you can also post the question in the forum, someone from Profit Accumulator always responds within 5 min, if not immediately. They are very knowledgeable and friendly. No question is a stupid question… and trust me, I asked a lot of them when I first started =)
OlliePA is one of my favourite Admin. Just like any chat rooms, if they are online, they are showing as green. You can even tag one of them by typing @theusername, if you need immediate attention.
This is a bonus to make extra cash from home. Anyone who is willing to promote Profit Accumulator could make even more cash using Profit Accumulator’s affiliate program.
Anyone who uses your affiliate link to sign up with Profit Accumulator, it rewards you with a 50% commission from any profits made from customers.
How much does it cost to start a profit accumulator?
There are 3 types of membership: Free Trail, Platinum Monthly, and Platinum Annual.
I am a strong believer in “try before you buy” as a consumer. If a product allows us to try it for free, not only it allows us to form an opinion ourselves, but also shows the confidence the sellers have for their products and services.
With Profit Accumulator’s Free trail, not only you can try it for free, but it guarantees you to earn up to £45 from it.
Yep you heard me right.
You probably are wondering what is the kick here?
Sorry to disappoint you here my friend… For the free trail, you don’t even need to put in your payment card information. No commitment required, no strings attached!
I know it sounds too good to be true, but hey, if there’s nothing to loose, why not to give a go? – I did, and I made £43.27 in just a couple of hours.
Platinum Monthly & Platinum Annual:
What you get from these two memberships are exactly the same. The only difference is that Platinum Monthly is billed monthly, Platinum Annual is billed annually. If you have the money to pay for the full £150 for the year, this will save you nearly £70 comparing to if you paid £17.99/month for a year. This is the option I went with, and I made it back within the 1st month of matched betting.
I understand not everyone can afford the £150 all at once, or you may still be on the fence on the whole concept. In fact, the profit you made from the Free Trail is more than enough to cover the 1st month membership. This way, nothing is out of your own pocket and you get more time to decide on Profit Accumulator while making more profit.
Can you try before you buy?
Yes, with the Free Trail membership.
The Free trail consists of 2 sign up offers from the bookmakers, free of charge. With limited member area access and basic customer support, Profit Accumulator guarantees up to £45 profit from the free trail. I was well chuffed when I made £43.27 from it, especially for someone who was very skeptical about it at the start.
How do I cancel profit accumulator?
You can cancel at any time without much trouble with Profit Accumulator. Just go to “My Account” section under “Update Billing”, this will stop your next automated billing cycle. You will then later receive a confirmation email.
This is especially great for those of you who are on the monthly membership.
Profit Accumulator Pros and cons?
- Free trail with an opportunity to make up to £45 profit.
- Step by step training videos and instructions on signup offers. This is great for someone who has no previous betting and sports knowledge.
- Powerful tools like Oddsmatching and different Calculators that are very beginner friendly.
- Helpful and timely customer support and forums. I would really encourage taking advantage of this service. If ever in doubt, just search your question in the forum or ask.
- While you can get notifications from PA through Catapush app, there no Profit Accumulator mobile apps. However, the PA site is completely mobile device friendly. I have used my phone to complete some offers while on the go. It’s doable, but you do need to zoom in quite a lot.
- The forum can be better organized for navigation purposes. There are so many helpful topics within the forum, and everything is interlinked. After diving in to a topic for a while, it was difficult to find my way back to where I started.
Is Profit Accumulator a Scam?
By now you probably already know the answer to the question – Is Profit Accumulator a scam?
No, it is not a scam. Matched Betting in the UK using Profit Accumulator is completely legit and the profit you make is 100% tax-free.
It is rated 4.8 out of 5 starts by Trustpilot with 600 reviews.
Final Thought – Earn Extra Cash from Home with Matched Betting – Is Profit Accumulator a scam?
Matched Betting in the UK using Profit Accumulator is one of the most reliable ways to earn extra cash from home. I have proven this myself and made over £5000 profit. I want to spread the word so you can take advantage of it too.
Profit Accumulator is one of the leading tools and services in the UK for matched betting. Helping over 100,000 paid customers, it is the biggest matched betting site in the UK. I am sure there are other good ones out there, and they all have their own strengths and weaknesses.
The truth is, if there are that many people are using the site, the number speaks for itself. Rather than spending hours of researching and comparing small differences to its competitors with others opinion, why not take advantage of the free trial and form your own opinion?
Well, I hope I have answered your question – Is Profit Accumulator a scam? and covered everything else you need to know about the tool with an injection of my personal experience.
If there is anything else I can help you with, please leave your comments below.