IMPORTANT: Profit Accumulator only accepts signups from UK residents. This post also contains affiliate links.
Want to make up to £2k A MONTH, TAX FREE, in your spare time, doing something rated by Martin Lewis, of Making Saving Expert, as a legitimate way to earn some side income?
Sounds too good to be true, right?
Well, according to matched betting website, Profit Accumulator, you can. But does Profit Accumulator really work or is Profit Accumulator a con?
Want the short answer?
Profit Accumulator works.
I consistently make over £500 each month, thanks to Profit Accumulator, for around just 30 minutes work, per day. Although it’s totally possible to make up to £2k if you have a bit more time on your hands.
Matched betting really does work as a legitimate way to generate extra cash for holidays or savings or even a F/T income. It’s totally legal, tax and risk free, as well as easy to do.
And you don’t need to just take my word for it either! Matched betting has also been featured as a legitimate way to make extra income online by:
Want to make your first £45 right now?
Then I recommend checking out the FREE Trial.
You’ll be guided, step by step, through a couple of beginner matched betting offers, where you can make up to £45, with no commitment to signing up.
The Free Trial tends to convince most people that matched betting really does work.
Or to get a fuller picture of how Profit Accumulator works, read my full review below or check out my video review on Youtube:
What is Profit Accumulator?
Set up by an English graduate, called Sam Stoffel, who has made a substantial income from matched betting for some time now, Profit Accumulator clearly teaches others how they can do the same.
And by ‘others’, I really do mean anyone – everyone from seasoned matched betters to students, mums and professionals looking for a side income.
I found the introductory Profit Accumulator video with Sam a great intro to the whole thing – he makes something, which sounds potentially complex, sound easy!
What is Matched Betting?
The process, which is based on the application of a mathematical formula, not chance or a random prediction is considered 100% risk-free, .
Matched Betting, however, can be a little complex, especially if you’re not familiar with it (I wasn’t!).
Finding the best free bets and bonuses can take up an awful lot of time, plus you need to know how to turn these free bets into a tidy profit.
This is where Profit Accumulator comes in.
In a nutshell, they do all the leg work for you, then tell you how to make the cash step by step, via simple, easy to follow videos or text instructions.
Broken down as simply as possible, 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 whole lot of time and massively reduces any risk of human error.
Once you’ve signed up to Profit Accumulator you’ll get all the tools you need in an easy to use interface – basically:
- a list of offers in different categories
- odds matching software to help you quickly find a suitable bet
- a super simple Profit Accumulator calculator to help you calculate the correct bets
You’ll also get emailed a Profit Accumulator Spreadsheet, which will help you easily keep track of your bets (this is really important so you can keep a tally of your profits and a record of any bets in process and not end up confused like I likely would!).
How Does Matched Betting Work?
The basic idea behind matched betting is really very simple. You:
- Sign up to a bookmaker (Betfred, Ladbrokes, Betfair, Bet365, William Hill, 888sport etc) to earn your free bet
- Place the appropriate bets to cover all possible outcomes
- Withdraw your profit proceed to the next offer.
Of course, in practice it can get a lot more complex, so that’s why Profit Accumulator really works – it makes it easy. Which is a winner for me!
Start Making Easy Profit With the Profit Accumulator Beginner Offers
If you’re still asking ‘does Profit Accumulator really work’ – this is where the Beginner’s Offers come into their own. 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 are EASY (if I can do it so can you!).
The Beginner Offers 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 fantastic way to see how Profit Accumulator works in action.
Profit Accumulator Advanced and Reload Offers
Once you’ve completed the Beginner Offers and found your matched betting feet, you move on to the Advanced Offers or have a go at the Casino or Bingo Offers (these are more down to lady luck but can be super profitable).
It should be said, not all Casino and Bingo Offers are totally risk free, but the risk level is always made crystal clear – so everything is under your control at all times.
Once you’ve worked your way through most of the Beginner and at least half of the Advanced Offers, you’ve then got the Reload Offers to take advantage of.
These are more free bets and offers – but this time churned out by bookmakers to people who are already customers.
Reload offers are loaded onto the Profit Accumulator site all the time, so offers never run out.
What does this mean?
Basically – you get to earn an ongoing profit of up to around £2k a month!
That’s a FT income for some people.
Others use it to finance their holidays or simply earn some extra cash.
Really, it depends on you and what you want to get out of it.
Are You Sure Profit Accumulator Isn’t a Con?
This is a common question.
In fact, when I stumbled across Profit Accumulator I asked the very same thing (remember, I researched this to death!).
But it’s important to understand that matched betting is not gambling.
It’s actually a totally legal process where you bet on all outcomes of a race or match to ensure, no matter what the outcome, profit is still guaranteed.
I suppose it’s a bit like ‘working the system’ – but in a way that is recognised by the gambling industry.
Bookies don’t have an issue with matched betting, since ultimately they still don’t lose out.
Matched betting is also tax free in the UK.
You can open your FREE Trial account here. (No CC required)
Is There ‘Really’ No Risk?
Not with matched betting itself, no.
If you follow the step by step instructions on Profit Accumulator, 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.
Bear in mind as well, the reason bookies churn out free bets and bonuses to customers is to get punters to spend more money.
So always stick to the free bets or you’re basically be gambling, which is obviously NOT risk free. Gambling itself is absolutely not something I would advocate to anyone.
How Much Does Profit Accumulator Cost?
This lets you take advantage of a really informative initial training video on matched betting, plus make up to £45 with no commitment to sign up to the subscription based service.
Following the Free Trial, you can sign up for a monthly subscription (£17.99 as of April 2017) or jump straight to the annual Platinum membership (at £150 this is significantly cheaper and you’ll likely make this back in a couple of weeks or so).
It’s amazing value really.
What some reviews don’t make that clear is that you’ll also also need at least £50 or so of your own cash to use upfront for the initial bets (you get this back of course + profit).
£100 plus is easier to get going with, but people have certainly done it on £50 – things will just be a bit slower at the start, whilst you wait for bets to settle and money to be credited back to your account.
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 (plus some!).
If you’r still 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 make yourself £45 with very little work.
The Bottom Line – Does Profit Accumulator Really Work or Is it a Con?
My own experience of Profit Accumulator shows it works.
It’s a professional (and friendly) platform from which to take full advantage of matched betting.
Put in the work (about 2 hours a day is the estimate) and Profit Accumulator could help you make up to £2k a month, tax free. I was making hundreds of pounds in my first month and consistently made £500-£600 a month with around 30-40 minutes work a day.
Remember though, you do need to be a UK resident.
Still got some questions?
Sam Stoffel (the founder of Profit Accumulator) offers some common misconceptions about matched betting in the video below:
My 5 Practical Tips To Help Profit Accumulator Work For You
If you decide to take the leap into the world of tax free profits, I’ve shared my Top 5 Profit Accumulator Tips below.
As a recent newbie to matched betting, I would have found these tips really useful when I started out.
1 – Watch the matched betting intro video a few times before placing a bet.
If you are a newbie like I was, do make sure you watch the introduction to Matched Betting Instructional video a few times to make sure you have grasped the principles.
It can feel a little bit overwhelming and too good to be true at first, especially if you have never heard of matched betting before (yep me!). But stick with it, watch the video a few times and you’ll be good to go in no time.
If I can do it, you can too.
2- Keep a tally of your bets with the Profit Accumulator spreadsheet.
This should include a tally of your losses (any losses are very small and sometimes a necessary part of the process in order to get free bets and bonuses), your profits and any withdrawals that are in process with the bookies. Sam sends you a Google doc Profit Accumulator spreadsheet, to use for these very purposes, in the first week of joining.
I would recommend using this (or designing your own based on his, like I did) religiously.
Some people don’t and Profit Accumulator themselves say it’s up to you, but number one, I’m a Virgo (slightly OCD) and number two, things can get confusing if you don’t.
You’ll of course still be making a profit without a spreadsheet but it’s very difficult to keep a tally of exactly how much without one one.
3 – Bank your profits.
When you move onto the more Advanced Offers you’ll need more cash to bet on the offers, so you need to make sure you have sufficient funds available in your bank account.
It’s oh so tempting to see the profits mount up in the first few weeks and go out and spend it or use it to pay bills. Sam himself recommends you don’t do this or you risk not having enough profit to do the more Advanced Offers, which will in turn lead to higher profits.
A dedicated bank account is also a good idea, as it’s far easier to keep a tally on Profit Accumulator related activity than it is if you’re faffing around trying to spot credits from bookies amongst your mobile phone and gas bills!
4 – Only use the FREE bets and bonuses.
I.e. don’t get lured into making non risk free bets in the hope of making a ‘quick win’ or you could find yourself getting lured into the real world of gambling. Even if you do get emailed a free bet that looks totally legit, it’s best to ask in the forums if it’s ok to use, as sometimes the Ts&Cs associated with the free bet make them not worth doing.
Once you’ve been doing things for a while, it can be a good idea to make a few bets that lose or play a couple of online slot machines, but this will all get covered as you progress through the Profit Accumulator offers.
5 – Have fun and enjoy your profits.
Like most things, if it becomes a chore or you find yourself getting a bit ‘obsessed’, with matched betting, it’s probably time to stop.
Profit Accumulator can be a fun way to earn cash for a holiday or top up your spending money, or for some, it even seems to be a way to earn a liveable income. But be responsible and realistic with it too. This will not make you a millionaire. But it can make you an decent income that far outweighs the Profit Accumulator subscription costs. They even have a Profit Accumulator affiliate programme if you want to share the matched betting love.
I hope you found this review on ‘Does Profit Accumulator Really Work’ helpful.
Disclaimer: Whilst Matched Betting is a legitimate & legal way to make money in the UK & I have had a very positive experience with the process via Profit Accumulator (as have tens of thousands of others), I am not promoting gambling. Remember, matched betting is not technically gambling, as there is no risk involved. Anyone who does decide to try Profit Accumulator does so at their own discretion.