In this article I will be running you through the Profit Accumulator platform and answering the question – is Profit Accumulator a scam? There has been a lot of scepticism and questions over the years about the system and whether or not it actually works.
If you have had any experience in the system then I would love to hear how you got on. Please leave any comments in the box below.
Profit Accumulator Review
Name: Profit Accumulator (UK ONLY)
Price: Platinum Monthly £17.99 or Platinum Annual £150. After one year it drops to £14.99/month or £125/year
Owners: Sam Stoffel
My Overall Rank: 4.8 / 5
Profit Accumulator Overview
Profit accumulator is the brainchild of Sam Stoffel who founded the company in 2014. Sam began matched betting when he was at college studying photography and wondered why more people were not taking advantage of a relatively easy money maker.
Sam began planning the website to encourage more people to take advantage of this incredible money making system and today he has over one hundred thousand subscribers to his site.
Not a bad effort for one so young!
What is Matched Betting?
Mаtched bеtting is a bеtting technique that is used to profit from the free bets and incentives offered by bookmakers. It is generally considered a risk-free bet as it is based on the application of a mathematical equation rather than chance.
In other words, if I was to bet on a team to win AND lose a game with very similar odds, in effect I both win and lose the bet so I gain nothing. If I place this same bet with a free bonus offer of say £20 with higher odds, then the difference between the two bets leaves me in profit.
Matched betting is nothing new and is practiced by a lot of people on a daily basis. It is a way of scalping money from bookmakers by taking advantage of free offers and bonuses.
There is nothing illegal with match betting and although bookmakers do not like people doing it, they are fully aware that it goes on. The Profit Accumulator platform teaches you how to avoid having your accounts suspended or Gubbed by adopting certain techniques.
What Is In The Platform?
The PA Platform has all the tools to get you making a profit almost immediately. Sam runs you through the first few training modules and will have you opening betting accounts with Coral and Betfair so that you can make your first few bets using the techniques he teaches.
The Platform comes with the odds matching software and calculator to help you make the right bets.
The whole point of this system and what makes it work is obtaining free bets from bookies. There are many incentives from the bookies to get you betting and they regularly give you offers of free bets. Most of these offers require you to deposit money and make a bet of a certain value before you qualify but once you have done this, they credit your betting account with your bonus and you are ready to make a profit.
The platform itself is very simple and self explanatory to use. There is a link to the profit calculator and odds matching software on every page so it can be accessed very quickly.
You get access to the profit accumulator forum where people are constantly asking questions and showing off their profits for the day. The site is managed by a group of successful matched betters that have been making regular profits since the site started and you can get their advice on all aspects of the program.
The training has been carried out really well by Sam and it is very easy to follow and understand.
When you first get started in this it is quite difficult to get your head around the process but with the help of the training modules and actually placing these bets for real, you soon get to know what is actually happening here and it then becomes second nature.
How Much Does This Cost?
You can trial the software for just £1 for the first 7 days before you upgrade to Platinum Membership. This allows you to make around £45 in profit using the system.
There are basically two options here. You can join as a platinum member for £17.99 each month or you can pay for the whole year for just £150 saving you £65.88
Sam also offers a full 100% 30 day money back guarantee if you are not completely happy.
The Good & the Bad
- Instant profits.
- Easy to understand tutorials.
- Money back guarantee.
- Good Support.
- No contracts.
- Works in the UK only.
- Hard to get your head around the concept initially.
- Limited monthly profits.
- Easy to get Gubbed by bookies.
- Maintaining good relations with bookies can be hard.
- Time consuming.
Who is Profit Accumulator For?
This product is for those that have a bit of spare time on their hands and are looking to make a little extra money a month. If you are already have some knowledge of bookies and the online betting process, then this will be an easy ride for you.
The profits are limited and there are some people that open multiple accounts using different names and addresses. Bear in mind that if you do get caught doing this you will be permanently banned from that account which puts a big hole in your overall profits.
My Final Opinion of Profit Accumulator
It’s 100% genuine. Having used the software myself for around six months I have no doubt that this is a genuine product with good training, run by genuine people. I made around £600 in the short time that I did it which was great although I did not take full advantage of what is on offer here, there is the potential to earn much more.
There are profits to be made without a doubt but it does take a lot of consistent effort and it does get harder the longer you do it.
Sam’s system takes the gambling out of the equation and you do not place any bet without knowing exactly how much you will gain.
The sites lists all the new offers form a multitude of bookies that you can take advantage of which is great but what I did notice is that all the easiest ones are listed at the beginning so you will find it very easy to start with and then everything starts to get quite complicated as some of the later offers require you to place more bets up front in order to qualify for them.
The good thing is there are no contracts here so you can pull out whenever you want which is what I did. I made enough money to buy myself a great laptop. Thanks Sam!
I had to stop using the platform because of my job commitments but I would highly recommend anyone looking to earn a bit of extra cash to have a look at this. It is well worth the money and you can easily cover the monthly subscription with your earnings. And it’s fun to do!
I hope you found this useful and remember I would really like to hear from you I you have had some experience with Profit Accumulator.
Good Luck and enjoy some easy money!