NON UK RESIDENTS: please note that Profit Accumulator only accepts signups from UK residents. This post also contains affiliate links.
Profit Accumulator Full Review
Is Profit Accumulator worth it as a legitimate way to make extra money or is Profit Accumulator a scam?
If you want the short answer, Profit Accumulator is definitely not a scam – it’s a legitimate and legal tax free way to make extra income.
In fact, I 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.
What is Profit Accumulator?
It was started by a young English graduate, Sam Stoffel, who has been making significant income from matched betting for some time. Profit Accumulator shows you how to do the same.
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 Signup Offers
And by using Profit Accumulator, one of the huge benefits is that you get to start at your own pace with the Signup Offers, which show you the ropes and allow you to build up a tidy profit with matched betting in a very short time.
These Signup Offers are simple to learn and easy to carry out if you follow the steps closely.
The FREE Trial offers 2 signup offers which you can try for nothing. This is a great way to see how Profit Accumulator works in action.
Once you’ve worked your way through the Signup Offers (do as many as you can in the order they are shown), you can move on to the Reload Offers or try your hand at the Casino or Bingo Offers.
The Reload Offers are free bets and offers given out by bookmakers to people who are already customers
New reload offers are loaded onto the Profit Accumulator site every day, so you don’t ever need to worry about running out of offers.
Not all of the Casino and Bingo Offers are 100% risk free, but the risk level is always made totally transparent, so everything is always under your 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. I won £100 from a single free spin or more than one occasion.
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 gambling. It’s also completely legal.
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.
Although you can banned from a bookie if they think you are abusing the system, matched betting is recognised by the gambling industry, who don’t really have an issue with it, since ultimately they still don’t lose out.
Matched betting is also tax free.
Whilst it isn’t technically gambling (because there’s is no risk), profits from matched betting still fall under the category of winnings from gambling activities. These are not currently taxed in the UK.
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 go far wrong, 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.
At some point, there is also a risk of ‘gubbing’, with some of the bookmakers, if they deem you a customer who they’re not making profit from.
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. Some bookies are also more prone to gubbing than others.
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 to help you keep your accounts open.
Do Profit Accumulator Offer Any Support?
As a full member, you benefit from access to an active online forum where you can ask a host of experienced 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.
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 service to use.
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 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 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, so anything I made going forward was 100% profit for the next year. Pretty amazing value really.
How Much Money Do I Need To Start Matched Betting?
You’ll need at least £50 of your own cash to use upfront for the initial Signup Offers.
£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.
Remember, you don’t lose this initial money that you start with, it’s simply cash you need upfront to start making bets.
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 one of the leading matched betting sites in the UK.
Profit Accumulator know their system works and the free trial demonstrates that if you’re unsure.
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.
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.
Profit Accumulator is easy to use as well. The website is intuitive and really easy to use.
Still Not Convinced Matched Betting Might Be For You?
If you’re still not sure about matched betting, check out this video, which uncovers some common misconceptions about matched betting:
Matched betting has also been covered in these publications:
You’ll even find loads of glowing reviews on Mumsnet, from many women who are making extra money from matched betting…
Disclaimer: Whilst Matched Betting is a legitimate and legal way to make money in the UK, anyone who decides to try matched betting or Profit Accumulator also does so at their own discretion.