NON UK RESIDENTS: please note that Profit Accumulator only accepts signups from UK residents.
Profit Accumulator Full Review
Want to earn up to £2k A MONTH for around 2 hours work per day?
That’s what Profit Accumulator are claiming you can do via their matched betting website.
But is Profit Accumulator worth it as a legitimate way to make extra money or is Profit Accumulator a scam?
In this Profit Accumulator review we’ll find out.
I’ll Kick Off By Giving You 3 Reasons NOT to Join Up To Profit Accumulator:
- If you DON’T want to earn up to £2k a month, completely RISK FREE
- If you DON’T want to earn cash from within the UK, that is 100% TAX FREE
- If you DON’T want to learn how to do this from the comfort of your own home with easy to follow step-by-step instructions from a pro
I know, I’ve blatantly used reverse psychology there, but hopefully it makes the point!
So if you want the short answer, Profit Accumulator is definitely not a scam – but rather a legitimate and totally legal tax free way to make up to £2k a month extra income. In fact, I’ve made thousands of pounds in only a few months.
Profit Accumulator Free Trial: Make Up To £45 For Free
The quickest way to see the real potential of matched betting & Profit Accumulator for yourself is to check out the Profit Accumulator FREE Trial.
You’ll be guided step by step through a couple of beginner offers, which allow you to make up to £45 profit with no obligation to join the full paid monthly service.
Matched betting works, but many people think it sounds too good to be true, so these 2 free offers tend to immediately convince most people that matched betting really does work, as a legitimate way to start generating extra cash right away.
My Full Profit Accumulator Review
If you’d prefer to find out more (I did when I first started!), read on for my full, in depth Profit Accumulator review.
Or, alternatively, you might prefer to watch my Profit Accumulator video review on Yotube:
What is Profit Accumulator?
The brainchild of a young English graduate, called Sam Stoffel, who has been making significant income from matched betting for some time now, Profit Accumulator shows others how they can do exactly the same.
And by ‘others’, I mean anyone – everyone from seasoned matched betters to people who have never even stepped foot in a bookmakers.
You can watch a brief introductory Profit Accumulator video with Sam on the website.
What is Matched Betting?
Matched betting is a betting technique that takes advantage of the free bets and incentives offered by bookmakers, such as Coral, Betfred or Stan James, in order to turn them into profit. Wikipedia offer a good description of matched betting if you want a fuller explanation or alternatively have a read of my article on ‘What is Matched Betting‘.
The process is considered 100% risk-free, as it’s based on the application of a mathematical formula, not chance or a random prediction.
Matched Betting, however, can be pretty complex, especially if you are not familiar with betting.
Finding the best free bets and bonuses generally takes a lot of time, plus you need to know what strategy to use in order to turn these free bets into profit and this is not always easy, especially if you are not familiar with the process or aren’t great with numbers. Using a dedicated matched betting calculator will save you a lot of time as well as reduce the risk of human error.
This is where Profit Accumulator comes in.
Basically, they do the leg work for you.
They show you all the most profitable bookie offers available and walk you through the entire matched bet process for any given offer, step by step, via simple, easy to follow videos or text instructions.
Put simply, you:
- Pick an offer
- Watch the video/Read the text instructions
- Place the bet
- Cash in the profit.
Bam! It really is that simple.
What’s great about Profit Accumulator is that they provide you with everything you need to carry out matched betting – all in one place. This saves you a lot of time and massively reduces any risk of human error.
On their website you’ll find Profit Accumulator odds matching software to help you quickly find a suitable bet, an easy to use Profit Accumulator calculator to help you calculate the correct bets, as well as a Profit Accumulator Spreadsheet, which will help you easily keep track of your bets (this is really important to keep an accurate tally of your profits and a record of any bets in process).
How Does Matched Betting Work?
The basic concept of matched betting is very straightforward. You:
- Sign up to the bookmaker (Betfred, Coral, Betfair, Totesport Stan James, 888sport etc) to earn your free bet
- Place the right bets to cover all possible outcomes
- Withdraw your profit and move onto the next offer.
There’s a bit more to it of course if you get into it in depth, but for all intents and purposes, that’s the general concept. Check out my article on ‘How Does Matched Betting Work?’ for a step by step example of a matched bet.
Getting Started With Profit Accumulator Beginner Offers
And by using Profit Accumulator, one of the huge benefits is that you get to start at your own pace with the Beginner’s Offers, which show you the ropes and allow you to build up a tidy profit with matched betting in a very short time.
These Beginner offers are simple to learn and easy to carry out if you follow the steps closely.
The FREE Trial offers 2 beginners offers which you can try for nothing. This is a great way to see how Profit Accumulator works in action.
Advanced, Casino, Bingo and Reload Offers
Once you’ve worked your way through the Beginner Offers (do as many as you can in the order they are shown), you can move on to the more Advanced Offers or try your hand at the Casino or Bingo Offers.
Not all the Casino and Bingo Offers are 100% risk free, but the risk level is always made totally transparent, so everything is always in your absolute control.
Playing a few free slots or having a go at Bingo can sometimes result in some very easy big wins, plus it can be a bit of fun too.
Once you’ve completed most of the Beginner and at least half of the Advanced Offers, you’ll be ready to move onto the Reload Offers.
These are simply free bets and offers given out by bookmakers to people who are already customers
New reload offers are loaded onto the Profit Accumulator site all the time and checked by Profit Accumulator staff too, so you don’t ever need to worry about running out of offers.
Reload Offers allow you the opportunity to generate an ongoing tidy profit month after month.
Some people earn a FT income via Profit Accumulator, by generating up to £1800-£2000 a month, whilst others use it to finance their holidays or simply earn some extra cash. It all depends on you really and what you want to get out of it.
It All Sounds A Bit Too Good to be True. Is Matched Betting Legal?
When I stumbled across Profit Accumulator I asked the very same questions.
But it’s important to understand that matched betting is not actually gambling.
Rather, it’s a rare (and totally legal) example of a process where you place a back bet (to win) and a lay bet (to lose) on the same race, match (or whatever you are betting on) using free bets provided by the bookies, which they regularly offer to encourage new customers.
Bookmakers such as Betfair, Ladbrokes, Totesport, Skybet or 888sport give away huge sums of cash every month to generate new customers and keep them betting. Matched betting (and Profit Accumulator) simply takes advantage of these offers to cash out bonuses and profits at no risk.
You simply bet on all outcomes to ensure, no matter what the outcome, profit is still guaranteed.
At the end of the day matched betting is kind of like ‘working the system’, but it’s totally recognised by the gambling industry, who don’t have an issue with it, since ultimately they still don’t lose out.
Want to know the best bit?
Matched betting is tax free.
Whilst it isn’t technically gambling (as there is no risk), profits from matched betting also hold the huge benefit of still falling under the category of winnings from gambling activities, which are not currently taxed in the UK.
So, is it too good to be true? No. And is it legal? Yes. 100%.
You can open your FREE Trial account here. (No CC required)
Wait. Is There ‘Seriously’ No Risk?
No. There really isn’t.
Not with matched betting itself.
If you follow the step by step instructions on Profit Accumulator and take your time, you can’t lose, as matched betting leaves nothing to chance. It’s a proven system using a mathematical formula.
Keep it mind however, there is always the risk of human error, so whilst the process of matched betting is risk free and based on a proven formula, you do need to follow the steps in Profit Accumulator properly and not rush ahead blinkered by the prospect of tax free profits. Especially if you are not familiar with the process.
At some point, there is also a risk of ‘gubbing’ with some of the bookmakers if they deem you as a customer who they are not making any profit from. Some bookies are more prone to rubbing than others. Whilst matched betting is 100% recognised and accepted by the bookmakers, persistent winners obviously don’t make them nearly as much money as those who lose. At the end of the day bookies are out to make money, so you can see why they do it.
Gubbing could manifest as reduced or no bonuses or limiting your bets to the extent that your account is fairly useless.
Profit Accumulator covers all this though and advises what sensible precautions to make once you’ve been matched betting for a little while to ensure your accounts remain open as long as possible.
Keep in mind as well, the sole reason bookies throw out free bets and bonuses is to get you to spend more money and place more bets. Stick to the free bets or you could find yourself getting sucked into the world of gambling, which is obviously NOT risk free. What people do with their money is their choice of course, but this site is not about advocating gambling as a way to earn extra cash.
Follow the step by step processes in Profit Accumulator, however, and it’s almost impossible to go wrong.
Do Profit Accumulator Offer Any Support if I Get Stuck or Confused?
As a full member, you benefit from access to an active online forum where you can ask a host of seasoned (and newbie!) matched betters for help. Or simply ask the Support Desk via phone or email – I got a very helpful response via email within a couple of hours. There’s also access to the Profit Accumulator matched betting blog.
Once you join as a member, you also receive a series of very helpful intro emails, which don’t overwhelm, but rather hold your hand through the first few days and weeks.
So you don’t simply join up and hope for the best. There is support all the way. I’ve found Profit Accumulator to be nothing but an easy to use, professional and highly accessible outfit.
Please note: Profit Accumulator is ONLY open to residents of the UK.
What Does Profit Accumulator Cost?
You can open a Profit Accumulator account for FREE and take advantage of a really informative initial basic training video on matched betting.
This is what I did and you can make up to around £45 initial profit this way.
But what does it cost after that and is it worth it?
Following the Free Trial, you then have the option to join monthly or go straight to the annual Platinum membership. Monthly membership is currently £17.99 (April 2017) and the annual Platinum Membership £150.
This makes the annual Platinum Membership much better value and the fact I made a profit with the free offers was enough to convince me personally to go straight to yearly in a couple of days. (A saving of over £125 if you paid monthly over 12 months). I made this £150 membership back in a very short time and so anything I make going forward is 100% profit for the next year. Pretty amazing value in my view!
Keep in mind, Profit Accumulator also state they will not leave the current membership open forever. This means prices could go up at any time (they last hiked them up a bit around September 2015, although it’s still exceptional value). They also need to ensure they do not flood the bookies with new members, as it makes things look unnatural.
Don’t worry about this last bit though, there is nothing remotely dodgy about Matched Betting, bookies are all 100% fine with it as they still end up making a profit, so everyone wins.
You will also need at least £50 or so of your own cash to use upfront for initial bets, so you can take advantage of bookie signup offers that generate free bets and allow you to start making a profit.
£100 plus is easier to work with, but people have done it on £50. If you start with around £50, your profit margins will just be a bit slower, since you will have to wait for bets to settle and any profit withdrawals to appear back in your bank account, before you can move on to the next bet. (Some bookies are quicker than others, but profit withdrawals can take 3 days to get credited back into your account).
Personally, I started with just £50, as I was still a bit dubious, even with all the positive reviews online. I found this initial £50 to be fine though.
Saying that, I did up it to £100 once I saw that the process really worked, as I didn’t always want to wait for profits to be credited back into my bank account before moving onto the next offer. This is all up to you at the end of the day though – how quickly or slowly you move through the offers and how much cash you use upfront is completely up to you and totally within your control.
Remember, you don’t lose this initial money that you start with, it’s simply cash you need upfront to start making bets. It’s a bit like a kitty really, except, unlike the pub, you get all the money back (and more!).
If you are unsure whether to take the leap, I’d recommend you check out the FREE Trial starter bet offers and go from there. Even if you take it no further, you could bag yourself £45 with very little work.
The Bottom Line – Is Profit Accumulator a Scam and is it Worth it?
Is Profit Accumulator a scam? In a word, no.
Profit Accumulator is run by a seasoned match better, who has made considerable profit from the process of matched betting for a number of years.
Set up to show others how they could do the same, Profit Accumulator is an excellent platform from which to take full advantage of matched betting – a legitimate (and rare) opportunity for anyone resident in the UK to make some serious tax free profits.
Profit Accumulator know their system works and the free trial demonstrates that if you are unsure. In my view, the best way to find out is to Try It For Yourself and see what you think. No credit card is required to sign up for the trial and you could make up to £45 for very little effort.
So is Profit Accumulator worth it? In my opinion, yes. Absolutely.
If you have a few hours a week to spare and wish to earn some extra tax free cash, Profit Accumulator could really work for you.
I probably do a max of one hour a day right now, tops, and am easily set to make pushing £500 this month. People that put in 2 hours or so a day seem to be easily making up to £2000 once they get the gist of the process. I’ve even heard claims that people have made treble that on occasion, but between £1k and £2k month is a more usual and realistic for most.
Plus, if you signup and decide it’s not for you, Profit Accumulator also offer a 30 day Money Back Guarantee if you don’t make a profit (follow the steps and you will though).
Profit Accumulator is easy to use as well. What I liked about their website (as well as the profits!) is its simplicity and straightforward approach. The website is intuitive, easy to use, clean and completely uncluttered.
What you get as a member is what you need to make a profit, nothing else. Things are kept simple and it’s very easy to navigate between the main menu items you’ll need, which are the offers, oddsmatching software and Profit Accumulator matched betting calculator (which is super easy to use).
Still Not Convinced Matched Betting Might Be For You?
Initially, I also wondered ‘is Profit Accumulator a scam’ and carried out quite a bit of research before signing up. If you have any doubts I absolutely suggest you do the same. Don’t just take my word for it.
First, why not check out this Sam Stoffel (from Profit Accumulator) video on some common misconceptions about matched betting:
Trusted finance guru, Martin Lewis of Money Making Expert, also wrote a popular article on matched betting, plus you can try these sources for more information:
You’ll even find a plethora of glowing reviews on Mumsnet too, from many women who are making a serious killing from matched betting 🙂
Why not give it a go?
Disclaimer: Whilst Matched Betting is a legitimate and legal way to make money in the UK and I have had a very positive experience with the process via Profit Accumulator, as have tens of thousands of others, I am not promoting betting per se or advocating gambling as a way of life. Remember, matched betting is not technically gambling as there is no risk involved. Anyone who decides to try Profit Accumulator also does so, of course, at their own discretion.