- Short-Term Earning Potential
- Value For Money
- Training Quality
- Long-Term Earning Potential
Profit Squad is a matched betting service that teaches you how to cash out the online bookmakers’ free bets to make a profit with minimal risk.
No prior betting experience is required as full training is provided.
Profit Squad have merged with Matched Bets to give you complete access to their software tools such as the standard odds-matcher, advanced accumulator matcher, profit tracker, and each-way Dutching tool (in beta).
There’s currently no each-way arbitrage software included.
Profit Squad carry the advanced casino offers for long-term profits.
If you’re from the UK and over 18 you can make money with Profit Squad.
- £1 trial available.
- No previous betting experience required.
- Excellent value for money.
- Good training and support.
- Includes advanced casino offers;
- Discord chat-group for getting help quickly.
- Merged with Matched Bets for more features.
- UK only.
- No each-way arbing tool.
I first joined Profit Squad in early 2016.
And I have personally been using the low-risk strategies that Profit Squad teach to help me generate a secondary, tax-free income since as far back as 2012.
So, in this Profit Squad review, I’ll be explaining how Profit Squad can make you money online from home in the UK.
And helping you decide if the Profit Squad service is right for you.
What is Profit Squad?
Profit Squad is a matched betting service.
Profit Squad teaches you how to make money by exploiting legal loopholes in the UK betting markets using the tried and tested strategy of matched betting.
Matched betting allows you to convert the online bookmakers’ free bets into real cash without gambling.
For example, here William Hill are offering to give you £30 in free bets when you first bet £10 of your own money:
Clearly, under normal circumstances – this would be pretty risky.
Because you could lose your £10 and there’s no guarantee that the free bet will win either.
Profit Squad shows you how to remove this risk by using a betting exchange.
And then lock in a profit from the free bets using the matched betting calculator.
You can find out how to do this by going to the ‘New Customer Offers’ section of your Profit Squad member’s area, clicking on ‘William Hill’ and following the instructions:
Whilst matched betting has been around since the early 2000’s, it wasn’t until around 2010 that dedicated matched betting services and products started popping up.
Matched betting’s popularity really began to soar in around 2014 after some mainstream media coverage and the launch of multiple matched betting sites.
Profit Squad and Matched Bets are the Same Company
Profit Squad was originally formed by Ben Perchard and Joe Hawes in August of 2015.
However, the company has since joined forces with Matched Bets – another matched betting service.
Both entities are now owned by the same company – David Archer’s ABC Betting Ltd.
Yet despite this unification, both brands have opted to retain their own individual websites.
This means that you’ll get full access to both sites regardless of which portal you sign up via.
Is Profit Squad Legit or a Scam?
As I said, I can personally vouch for the effectiveness of the techniques taught by Profit Squad.
I have made £1,000s upon £1,000s over the years using matched betting techniques to cash out the bookmakers’ free bets for minimal risk.
For example, in recent months I’ve banked around £1,700 by cashing out the free bets that the bookmakers give you after you’ve opened an account with them:
Can Profit Squad Help You Make Money Online?
The service is primarily aimed at complete novices who’ve never placed a bet in their life.
Pretty much anyone who’s from the UK and over 18 can make money with Profit Squad.
But that’s not all.
Even if you already have some matched betting experience under your belt.
There’s scope to continue earning money using the advanced matched betting strategies taught by Profit Squad.
For example, Profit Squad are one of the few matched betting platforms that actually provide the tools and instructions for exploiting the ‘advanced casino’ offers.
Personally, I’ve cleared just over £4,000 using these ‘higher EV’ techniques in the past few months:
Does it Matter if You Don’t Know About Gambling?
Obviously, matched betting would be easier to pick up if you knew a bit about odds and betting exchanges.
But you’ll be taught everything from the ground up in the training resources.
Can Money Be Lost?
Although matched betting is basically ‘risk-free’ if you do it right.
There’s always room for human error.
That’s why it’s better to follow Profit Squad’s training than trying to figure out matched betting by yourself.
It’s also worth noting that the advanced casino strategies are not risk-free.
But you’ll make money over the long-run because the maths are in your favour.
However, you can still make low-risk profits with Profit Squad without ever touching a single casino offer if you don’t want to.
I’d recommend sticking with the basic matched betting stuff until you’ve built up your bankroll and confidence.
What’s the Catch?
Apart from making mistakes or getting drawn into recreational gambling.
The only sting in the tail is that eventually, the bookmakers will stop giving you free bets once you’ve claimed too much value.
This is called being ‘gubbed’.
There are a lot of myths about why bookmakers ban accounts – check out my Guide to Account Restrictions to learn the truth.
However, there’s still plenty of money to be made before you get gubbed.
And there are ways to continue making money thereafter.
So, I wouldn’t let this put you off.
Do You Need to Invest Any Money to Get Started?
You’ll need around £50 – £100 of your own money to place the initial ‘matched’ bets.
This money will be split between the online bookmakers and betting exchange websites.
All of the profit that you’ll make from the free bets will be added to this amount.
So, you’ll not have to redeposit.
If you’re still not sure about the idea of matched betting, then check out this matched betting explainer video by Joe from Profit Squad:
Can You Withdraw Your Money at Any Time?
You can deposit to and withdraw from the online betting sites as you please.
It’s important to note, however, that you’ll typically have to send pictures of your ID (passport or driving licence and proof of address) to the bookmakers before they will let you withdraw your money.
This really worried me at first.
But I’ve never had any security issues in all the years that I’ve been matched betting.
The only other time that you’d be unable to get your money is if your funds were tied up in an open bet.
What’s the Best Way to Make Deposits and Withdrawals?
Use a bank card to start with.
Most of the bookmakers will only give you the initial free bet if you deposit via a card.
After that, I advise using Skrill if it’s on the list of allowed deposit methods for the ongoing bookmaker and casino offers.
Because your withdrawals will be processed faster than if you were using a bank card.
NEVER Use PayPal
Paypal is notorious for closing the accounts of people who deposit to betting websites for reasons that are unclear.
Conversely, Skrill have no problem with such transactions.
Plus you can use Skrill’s 2-Factor Authentication to add an additional layer of security to your account and protect your bankroll.
(It’s a good idea to keep your matched betting money separate from your personal cash).
How Much Money Can Be Made Realistically With Profit Squad?
If you’re 100% new to matched betting then you can make up to £1,000 by cashing out the bookmakers’ initial offers alone.
Although the value of these ‘new customer offers’ (NCOs) tends to fluctuate over time.
It would be really hard to NOT make at least £250 – £500 from the most basic NCOs.
Things tend to slow down a bit after that.
But up to £500 each month is entirely possible if you focus on the high-value sports offers.
You could potentially earn even more if you make use of Profit Squad’s advanced strategies and software tools.
For example, here you can see that James made +£8,910 in ONE MONTH by doing the advanced casino offers:
How Much Does it Cost to Join Profit Squad?
You can get unrestricted access to both the Profit Squad AND the Matched Bets platforms for ONE monthly payment of £18.
You can cancel any time.
And if you click the button below.
You can trial Profit Squad for 14-days for just £1.
How to Make Money With Profit Squad in 7 Steps
Here’s how to get started with Profit Squad and make your first bit of cash.
Once you’ve signed up, go to your ‘Dashboard’.
Then click on the ‘Getting Started’ button.
Here, you’ll be told exactly what you need to do to start making money with Profit Squad.
I’ll walk you through the key points below to help you get up and running.
Step 1: Cash Out the Bookmakers’ Welcome Offers
Your next step is to work your way through the first block of the ‘Training’ page.
Once you know how to use a betting exchange and the matched betting calculator.
You can start making money by going to the ‘Offers’ > ‘New Customer Offers’ > ‘Sports’ section of the website.
By working your way through the list, you’ll be able to build yourself a nice bankroll.
Make sure that you follow the instructions carefully and ask for help if you are unclear on something.
Step 2: Profit From the Bookmakers’ Reloads
Once you’ve cashed out the main NCOs you’ll be fluent in the basic matched betting process.
The next step is to learn how to exploit the bookmakers’ ‘reload’ sports offers.
Go back to the ‘Training’ page.
Read everything under the ‘Reload Sports Offers’ and ‘Price Boost’ sections.
Don’t get involved with the Accas, Dutching, casino, or bingo stuff just yet.
Step 3: Hit the Daily Calendar (Every Day!)
You’ll now have the bankroll and the knowledge to profit from the bookmakers’ daily ongoing offers.
With the NCOs out of the way, you should go to the ‘Calendar’ section located on the main menu.
And work your way through the sports offers sequentially.
Do this every day until you feel that you’re ready to move on to the more advanced money-making strategies.
Step 4: Join the Discord Group
If you need assistance at any point.
You can get help via email or on the forums from 8am – 8pm weekdays and 10am – 6pm at weekends.
The response time is around 5 minutes.
But if you’d prefer to talk to someone in real-time, you should join the Discord chatroom.
Where you’ll be able to interact with the Profit Squad staff and other members instantly.
To do this, you’ll need to connect your account to the servers by going to the ‘Dashboard’ page, scrolling down to ‘Community’ and clicking the ‘Connect to Discord’ button.
You can then start chatting.
Step 5: Make Use of the Advanced Software and Tools
As a Profit Squad member, you’ll also have access to all of the software tools provided by Matched Bets.
You can access these features directly from your Profit Squad members area by going to ‘Tools’ on the main menu.
The Odds Matcher should be the first thing that you get to grips with.
Because it will help you make more money from the free bets in less time.
Once you’re ready for the advanced strategies, you’ll be able to make use of the Acca Backers tool and the Racing Matcher.
Step 6: Track Your Profits
On your dashboard, you can keep track of how much money you’re making versus what’s possible.
This is great for motivation.
And taking consistent action is what’s going to get you results with Profit Squad.
Step 7: Consider the Advanced Casino Offers
The advanced casino offers probably offer the most long-term value for making money.
The only downside is that these offers are not risk-free and thus require strict bankroll management protocols to handle the variance.
To be honest, unless you’re joining Profit Squad with a lot of prior matched betting experience.
I’d give it at least 6-12 months before you even think about progressing to the advanced casino offers.
In the meantime, there are plenty of zero-risk and lower-risk casino offers that you can use to boost your matched betting profits.
You can access these by going to ‘Offers’ > ‘New Customer Offers’ > ‘Casino’.
My Thoughts On Profit Squad
I’ve had plenty of time to use the Profit Squad platform.
And here’s what I think.
What I Like About Profit Squad
I’ve reviewed just about all of the major matched betting brands over the years.
And I’d put the ‘Profit Squad – Matched Bets’ combo near the top.
The reality is that you’re getting terrific value for money.
Because some of the other matched betting services will charge you extra for the accumulator tool and the other odds matchers that come as standard with Profit Squad.
Furthermore, £18 per month is a steal when you think about the £100s that’s on the table each month.
For example, just looking at the Daily Calendar tells me that there’s £75 in guaranteed cash to be made today, a further £60 tomorrow and £52 on Saturday:
That’s £187 that I can make over the next 3 days.
Plus another £236 in expected profit from the casino, bingo, and bookmaker trigger refunds.
And not all of the offers have been released yet!
Here’s Where I Think Profit Squad Could Be Improved
The only thing that lets Profit Squad down, in my opinion, is the lack of an ‘Each-Way Arbing’ tool.
I view this as essential for making money without free bets once you’ve been gubbed.
There’s a video that explains how to find each-way arbs manually but this isn’t really practical because the odds move so fast.
Given that there’s already a lot of software on offer – I reckon that they might release an EW tool in the near future.
The only other thing is that the content is a bit chaotic in places.
I’d often end up with multiple tabs open at the same time to complete one task.
My only advice here is to anchor yourself with the sections under the main headings and work from there.
Oh, and don’t rush!
What Makes Profit Squad Different?
Aside from the excellent value for money?
It’s the advanced casino offers.
Most of the other matched betting sites shy away from these because they aren’t the best fit for novice matched bettors.
But advanced casino offers are my biggest earners by far these days.
So, I’m glad that Profit Squad include them.
- £1 trial available;
- No prior betting knowledge required;
- Perfect for beginners;
- Excellent value for money;
- A legitimate way to make money online;
- Very low risk if done correctly;
- Includes advanced casino offers;
- Good training and support;
- Discord group for getting help quickly.
- No each-way arbing tool.
- UK customers only.
Profit Squad Testimonials
Of the other Profit Squad reviews that I’ve read, the overall impression seems to be a good one.
There are quite a few user testimonials on the Profit Squad sign-up page.
Here’s one from Trustpilot:
Image source: https://www.trustpilot.com/review/www.profitsquad.co.uk
Conclusion: Is Profit Squad Right For You?
The bottom line is that if you’re a resident of the UK or Ireland and over 18.
You can make money with Profit Squad.
If you’re a student, stay at home parent, or a shift-worker I think Profit Squad would be ideal for you.
Because a few £100s extra each month in tax-free profits could really be a massive help.
And that’s exactly what Profit Squad has helped me achieve.
Even if you work full-time, you can still do matched betting in the evenings or mornings because the online bookmakers are open 24/7.
Click the button below to get instant access to Profit Squad for just £1.