Frequently Asked Questions

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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.

General FAQs

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.
Learn more about what matched betting is: click here to find out more

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!
Learn more about how matched betting works: click here to find out more

Can I withdraw My Profits Right Away?

You can withdraw profits any time you wish. Withdrawals normally take 3-5 days, however, you can sign up to an e-wallet called SKRILL and start moving your money within minutes.
Learn more about how matched betting is legitimate: click here to find out more

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.
Learn more about how our customer support team can help: click here to find out more

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.
Learn more about why matched betting is so popular: click here to find out more

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.
Learn more about whether matched betting is worth it: click here to find out more

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.
Learn more about what bookmakers think of matched betting: click here to find out more

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.
Learn more about how to make money as an existing customer of bookmakers: click here to find out more

When Are The Daily Offers Available?

Daily offers are uploaded throughout the day, most of which are added in your member's area by 12 pm.
Learn more about how to make money daily: click here to find out more

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.
Learn more about the fastest way to make money online: click here to find out more

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).
Learn more about doing matched betting abroad: click here to find out more

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.
Learn more about whether this is all for real: click here to find out more

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Matched Betting FAQs

How is Matched Betting Risk-free?

The answer is really quite simple. Let's say a bookmaker is offering a £30 free bet once you deposit and spend £10 with them. You bet on Team A to win (known as a Back bet) AND we bet on the Team A NOT to win (known as a Lay bet). Therefore whatever the result, you have covered all the outcomes so you break even. Now you have broke-even and qualified for the free £30. It's as easy as that!
Learn more about whether matched betting is safe: click here to find out more

Can I Lose?

Once you've learned 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 a learning experience and simply 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.
Learn more about the 3 simple steps to matched betting: click here to find out more

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 guaranteed cash that we can withdraw. The majority of the free bets will be calculated as Stake Not Returned "SNR" in the odds calculator.
Learn more about the odds calculators you'll have access to: click here to find out more

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.
Learn more about how to make money without offers: click here to find out more

Where Do 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.

What Is A Back Bet?

This is a bet placed at a Bookmaker where you want a particular result to occur. For example, Team A vs Team B. If you back "Team A to win", the result 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 specific result "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 member's 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 a particular result not to occur. For example, Team A vs Team B. If you lay "Team A to win", the result you are betting on is actually "Team A not to win". If the event ends with Team B winning or a draw, this lay bet will actually win. Why? Well because the specific result "Team A to win" did not happen. Again, don't worry if you didn't understand, we walk you through it all with our easy to learn visuals in our video tutorials.

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 lay a particular team or individual to win, then if the outcome is a draw, you will win your lay bet. However, if you lay 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. It's much easier to explain this with pictures and diagrams, our video tutorials will walk you through this step-by-step.

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.

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.
Learn more about how betting odds work: click here to find out more

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 does Liability mean in a Betting Exchange?

Liability in a betting exchange is the amount of money you need to float a lay bet. It's the potential amount you could lose if your lay bet loses. So if you ever place a lay bet at a betting exhange like Betfair or Smarkets, then they will require you to have at least the liability amount in your account in order to place the lay bet. Remember with a lay bet, your essentially acting like a bookmaker.
Learn more about liability in betting exchanges: click here to find out more

What is a Rule 4 deduction in Horse Racing?

This happens on the very rare occasion a horse falls out of the race before it begins and you've already placed a bet on a different horse in the same race. This could be for a number of reasons, but the main thing you need to know is that if it does happen, you'll need to calculate the new odds price of the horse you placed your bet on, as it will no longer be what you originally placed. Exactly what it will be will depend on the rule 4 deduction amount for that particular race. It may seem complicated at first but we have software which figures this out for you automatically and will tell you exactly what actions you need to take.
Learn more about rule 4 deductions in horse racing: click here to find out more

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 rating 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. 
Learn more about arbitrage betting: click here to find out more

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