Frequently Asked Questions

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Profit Squirrel Ltd

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Please read below to find answers to the most frequently asked questions before joining Profit Squirrel, along with some matched betting knowledge.

 

Can Anyone Join Profit Squirrel?
To be a member you will need to be over the age of 18 and prove to have residency in the United Kingdom (UK). If you are currently living outside the UK then unfortunately you may not qualify for the majority of our tutorials and daily income offers.

How Much time Does It Take To Earn £500 Per Month?
The more matches you create the more opportunity you have to unlock risk-free profits. As you work through the tutorials you will build up the right level of skills and experience required to make £500+ every single month. The average time it takes to complete a tutorial is 20 minutes. Can you spare 20 minutes to unlock a profit from each of our tutorials? Then this is great for you, let's get started!

Do I have to complete Every Tutorial To Know How To Make £500 Per Month?
Although every tutorial is created in a way to teach you something new each time and make you money whilst doing so, it is not compulsory to complete all of them. However, it is useful to read the coaching guides as you'll learn everything you'll need to know about making £500+ every single month.

Is This Similar To Learning How To Trade Forex Or Binary Options?
Unlike learning to trade in forex markets or binary options, matched betting is 100% risk-free and does not require a significant amount of money to start. With matched betting you will make profits instantly and will never face losses like you do in forex or options trading. Matched betting is also completely focused on the sports market which is quite exciting as most people have a greater interest in sports than currency exchanges and options trading - though you don't need to be interested in sports to make money with matched betting either. 

How Much Money Do I Need To Deposit To Get Started?
All you need to get started is £40-50, this is enough to make you around £20 in guaranteed profit in just your first tutorial. If you would like to make money even faster you can deposit more. However, if you're starting Profit Squirrel with a small amount of money that's perfectly fine too, we're going to help you build your bank anyway, it just might be a bit of a slower process at first.

Do I Have To Sign Up To Bookmakers Myself?
That's correct, but don't worry we'll walk you through each one and make sure with our video tutorials that it's really simple. The more bookmakers you sign up with the more profits you will unlock as you'll be able to take advantage of even more offers.

I Already Have A Few Bookmaker Accounts, Will I Still Be Able To Make £500 Each Month?
Absolutely. Our tutorials cover all the bookmaker sign-up offers and our daily offers section is populated with all the latest bookmaker offers for existing customers with step-by-step instructions on how to make your profits from each one, of which there are many.

When Are The Daily Offers Available?
Daily offers are uploaded throughout the day, most of which are added in your member's area by 12pm.

Do I Need To Invest More Money Than My Membership Fee To Make Money?
You will need to deposit money in bookmakers to unlock your risk-free profits but you can withdraw your money once you have completed the offer.

Can I Use Profit Squirrel Outside Of The UK?
You can use our services and continue to place bets outside the UK so long as you're connected to a VPN (Virtual Private Network).

How Does The Money Back Guarantee Work?
It's simple, if you follow the tutorials and fail to make a profit in the first 30 days Profit Squirrel will refund your money and provide you with £100 cash. To see if you are eligible for a full refund please read our terms of service.

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Matched Betting FAQ's

What Is A Back Bet? – This is a bet placed on a bookmaker where you want an outcome to happen. For example, Team A vs Team B. If you back "Team A to win", the outcome you are betting on is "Team A to win". If the event ends with Team B winning or a draw, this back bet will lose. Why? Well because the outcome "Team A to win" did not happen. If you didn't understand this don't worry, we walk you through it with video tutorials in your members area where it will be much easier to understand.

What Is A Lay Bet? – This is a bet placed on a betting exchange where you want an outcome to not happen. For example, Team A vs Team B. If you lay "Team A to win", the outcome you are betting on is actually "Team A to not win". If the event ends with Team B winning or a draw, this lay bet will win. Why? Well because the outcome "Team A to win" did not happen. 

In A Lay Bet What Will Happen If The Event Ends In A Draw? – This depends on what outcome you placed your lay bet on. If you layed a particular team or individual to win, then if the outcome is a draw, you will win your lay bet. However, if you layed the teams or individuals to draw, then if the outcome is a draw, you will lose your lay bet. Remember, if you lay an outcome, you're betting that the outcome will not happen. So, if you lay Team A to win and the event ends in a draw, this counts as Team A not winning, meaning your lay bet will win. However, if you lay both teams to draw and the the event ends in a draw, this does not count as a draw not happening because it in actual fact did happen, meaning your lay bet will lose. 

Can I lose? - Once you've learnt how to use our software and make a match it's almost impossible to lose. You'll have our tutorials to guide you through every offer step-by-step, we'll hold your hand and show you how. The only way you can lose money is if you make a human error like typing in the wrong number accidently or something along those lines. You may make a small mistake like this along the way but that's fine, treat it as learning and move on. This is exactly why we have built out our tutorials, software, tools and support to help you, so that making money with matched betting is much easier, faster and way more productive than trying it alone.

What Is A Qualifying Bet? – This is a bet you place in a bookmaker to qualify for their offer, be it a free bet or some other bonus. Most qualifying bets will make a tiny loss and are calculated with our Odds Calculator using bet type "Normal". This tiny loss of typically less than £1 will be outweighed by the big profit you will make on the bonus or free bet of course.

What Is A free bet? – Free bets are used to make risk-free profits from. On most betting sites this is given in the form of a credit (token) and not physical cash; however, by matching the free bet we turn free bets into a guaranteed profit. Majority of the free bets will be calculated as Stake Not Returned "SNR" in the odds calculator.

How To Switch From Fractional Odds To Decimal Odds - All betting sites will give you the option to switch from fractional to decimal prices (odds). It's quite easy to learn the conversion too. Simply divide the first number by the second number and add 1. For example, the fractional odds 6 / 1 as decimal odds is 7.0 because ( 6 ÷ 1 ) + 1 = 7.

Can I Make £500 Every Month After Completing Tutorials / Sign-up Offers? - Absolutely, once you've learned how to create a match, dive into the Daily Offers section in the member's area where you can get involved with the latest offers that are promoted to existing customers. These offers never end, so you will never run out of opportunities to make risk-free cash. We'll show you exactly how to do so step-by-step.

Where Does Most Of The Profits Come From? Football and Horse Racing events will create the most profit, largely because there are several events occurring in these sports every single day.

Why Do We Always Lay AFTER We Back? Lay odds can change and actually sometimes improve a lot closer to the event start time, normally from an hour of start time. This means we can get a closer match between the back and lay odds which will result in even bigger profits. Furthermore, betting exchanges will build up more availability (liquidity) as the event approaches too.

Best practice for laying bets (In an ideal world)
Football events: within 1 hour building up to the event start time.
Horse racing events: within 30 minutes building up to the event start time.
Greyhound racing events: within 5-10 minutes before the event start time as there's generally really low liquidity in exchanges before then.

What Does 1 X 2 Format Mean? – This is another way some bookmakers interpret 'Home Draw Away.' For example, for Team A vs Team B: "1" = You're backing Team A to win, "X" = You're backing a draw and "2" = You're backing Team B to win.

What Is An Arbitrage bet?
An arb (or arbitrage bet) is when you spot the back odds being greater than the lay odds for an event. Arb opportunities are easily found on our matching software, under the ratings column. Wherever you see a rating of 100% or greater, this is an arb (all of these events have greater back odds than the lay odds). Arbing will unlock risk-free profits without a free bet or bonus offer being involved. For example, if you find an event with a match rating of 110% you will usually profit 10% of your stake value, if the rating is 105% then your return is usually 5% etc. 

 

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