Browsing Category: "arbitrage"
SportArbs keep trading but communication is sparse…
Anyone who regularly visits the SportArbs site will have noticed that earnings are posted daily at the top of the website. Their performance remains remarkably consistent and on the face of it this would be an investment that should be in everyone’s portfolio.
Unfortunately, the illusion of normality is somewhat misleading. For months now there has been no ability to withdraw funds and little to no information on when this situation will be resolved. For many people this is an ongoing source of frustration. On the other hand of course as they still continue trading this enforced block does mean that the only alternative anyone has when an investment matures is to re-invest.
Whilst not ideal it does mean that the returns being produced are building nicely. This should not detract from that fact however that many people are suffering because of this block on accessing their funds.
SportArbs did have a flourish earlier this year where they announced that debit cards were being made available to all members. Once again problems arose and this solution was dropped although an alternative was being pursued. It seems that this alternative is not faring any better as nothing new has been posted for a considerable time. The last bulletin was posted way back in April and nothing new has been heard since.
Hopefully, in the not too distant future some good news will surface and we can be assured that our funds will be available to enjoy. Meanwhile all we can do is re-invest and hope SportArbs sort things out.
Gold Nugget Invest break their silence…
A new newsletter from Gold Nugget Invest provides some interesting information for existing and potential members. The refund process is proceeding and as is often the case progress is being hampered by people submitting questions about the status of their refund.
This is clearly frustrating to the team doing all the work as they have to keep breaking off to answer these questions. They suggest that members refrain from making these types of enquiry and give them time to get on with it.
More interestingly for the future they have released preliminary details about the new offer they are making. It shouldn’t come as any surprise to hear that this new investment programme requires a minimum deposit of $1,000. Also, further deposits must be in multiples of $1,000 so they are clearly looking to keep a tight rein on who can take part.
I think this move was inevitable and whilst it might frustrate a lot of existing members it seems to me a wise move to make if they want to have greater control over their own destiny. Investors who are interested in taking part in this new programme are requested to submitted their details to http://gniforum.com/newgni. You have to provide your existing GNI user name and how much (in multiples of $1,000) you would be interested in depositing.
As yet there are no details of the return one would expect from this but I’d assume once they understand the level of interest it will give them a chance to establish what this might be.
I’m sure a lot of people will be wary and may also not be in a position to invest $1,000 so the numbers of people who join will probably reduce dramatically.
One thing it doesn’t address is anyone who is not already a member but I assume they would still be able to apply at http://gniforum.com/newgni to find out more details.
Gold Nugget Invest publish details to claim refunds…
As promised Gold Nugget Invest have published details of how members can claim any money due to them which returns at a maximum 101.5% of their invested amount.
The information was published in the latest newsletter and detailed instructions are included. They have set up a specific help desk to deal with submissions which opens on Monday 15 March. It will remain open until 15 May so there should be plenty of time to submit a claim.
They believe that they can make any needed payments within 30 days of May 15 although it is not clear whether payments for earlier requests will start before May 15.
Also in the newsletter the Admin commented on the poor response that some members had made to the closure announcement. He stated that he and his staff had been honest all along and had worked tirelessly to try and overcome these problems. I wouldn’t dispute that claim and hope that members act responsibly when submitting their claims.
If you think you are due a payment please take the time to understand the process and fill in the application carefully as this will help not only yourself but the team handling everything.
There was no further news on what might happen in the future so we will have to wait and see.
Gold Nugget Invest admit they could do better…
Hot off the presses is a new newsletter from Gold Nugget Invest (GNI). This has been eagerly awaited following the wholesale revamp of the programme in January.
During the week I visited the members forum and the tone was not 100% positive. Many people were airing their frustration at the time it is taking for payments that were requested in early January to be paid.
The GNI newsletter acknowledged that there is a problem and tried to reassure members that they are doing as much as possible to overcome the delays. Unfortunately some people only want their money and care little for the difficulties that GNI face.
To be fair to GNI they do have a sizeable chunk of funds held frozen in the Yesalda bank in North Cyprus. This has meat that normal operations have been severly constrained and has led to the slow payout rate.
The newsletter does provide a potential solution to those who can wait no longer. A specific area of the GNI forum will be set up such that existing members who want to leave can offer their investments for sale. Clearly, it goes without saying that if you wanted to go this way you would have to offer a substantial discount to a prospective buyer plus also stump up a 20% administration fee to GNI.
To me this option doesn’t look that attractive even for the buyer as they will be purchasing what is in effect a virtual sum of money in exchange for their own hard cash and even if the discount is good you would still be taking a significant risk given current circumstances.
I do feel somewhat guilty in perpetuating the rather negative tone that is currently being reported about GNI and I hope that things will improve over the medium term but online investors are fickle and if they sense a problem their tolerance drains away very quickly.
I’m leaving my investment where it is and will make a withdrawal request in the window that starts tomorrow but I’m not expecting to see the funds that quickly especially as they are still making payouts for January.
Somewhat reluctantly I wouldn’t recommend anyone make an investment to GNI at the moment. Better to wait things out and see where your funds could be more profitable.
Sportarbs enrol 1,000 new members in less than 3 weeks…
I guess I’m not the only one who thinks that Sport Arbitrage is a good source of investment. When I joined Sportarbs just under three weeks ago they had nearly 6,500 members. This number has now soared to approaching 8,000 which is a very respectable growth rate.
Based in Dubai Sportarbs offer a managed arbitrage investment where you can profit from the work they do betting on sports, although I should point out that their betting involves placing wagers such that whatever the outcome of the event they will return a profit. Done properly and with sufficient knowledge, expertise and funds this is an excellent way to make money.
Another great benefit is that they trade seven days a week so you can increase your returns without having to worry about breaking off at weekends and this can accelerate your income markedly.
The return you receive will depend on the level of investment you make. As this is a relatively new offering I’ve taken the decision to be relatively cautious with my investment and the return is based on the daily earnings as posted on the website daily. If I’d wanted to invest more then the return would have included not only the daily return but also a percentage bonus based on the amount invested.
For investments below $10,000 the plan runs for 42 days and you have the option for partial or full compounding. As of today the returns over the previous 42 days has been 88.1% (this excludes any applicable bonus).
For those wanting to invest $10,000 or more and willing to leave the funds tied up for 210 days the rate of return is even more attractive starting at 6% per day.
Currently payments can be made by Liberty Reserve, Perfect Money and Global Digital Pay. Other payment processors are also being lined up.
My experience so far is very positive and their performance is very respectable so if like me you think that Sports Arbitrage has a lot to offer then Sportarbs is well worth investigating.
Gold Nugget Invest working flawlessly…
Now that Gold Nugget Invest (GNI) have got their new website up and running I’m pleased to report that everything is running very smoothly. Just before they changed over there was a small hiccup with crediting earnings to accounts but this has now been resolved (which I can personally testify to).
I’ve already made two cash withdrawals and both went smoothly although I didn’t receive a formal notice that they had completed so I need to find out whether that is still to be implemented.
If you do your own checks I’m sure you will find that GNI get very positive feedback on all aspects of their business and the new website just adds to the professional approach they are taking.
If this is the first you’ve heard about GNI then I would encourage you to spend a little time finding out more as they provide the opportunity for you to profit from the arbitrage trading that they do as a full time occupation. You can earn up to 7.5% return per week which is a great return for basically very little effort on your part.
Investments can be made via Liberty Reserve, StrictPay, SolidTrust Pay and PerfectMoney so you should have plenty of options there.
I realise that I have posted about GNI quite a lot recently but I really do believe that it has a lot to offer and would urge readers to investigate for themselves as soon as possible.
Sports Arbitrage trading, one of my favourites…
If I had to choose just one way to make money online then I’d have to say Sports Arbitrage trading would be it. I love the idea of being able to make a trade on a sports event that will pay me out whatever the end result.
Alas, being successful is not easy on a personal level as I have found to my cost in the past. But of course with any profitable money making opportunity others will find a way to make it work. And so it is with Sports Arbitrage.
In this post I want to showcase Sport Arbs who provide a service whereby they trade using your funds and you sit back and earn good profits. I first came across them when I opened an account with Global Digital Pay as they are a company that have just signed up to accept the new payment processor.
If you look on the home page you’ll see that for the first week in November the returns have been a little over 2% per day. In fact they quote a return of 88.49% over the preceding 42 day period which is very respectable.
Sport Arbs show that they are based in Dubai and they are open to being contacted if potential investors would like more details about the opportunity. Interestingly they have determined that the optimum amount of funding to have for arbitrage is $3M. I’m not sure how they arrived at that figure but they do say they will be striving to reach that sum by raising capital from private sources.
Probably as no surprise the returns on offer are dependent on the success of the arbitrage traders so it is not possible to predict exactly how much you can earn each day.
The investment plans on offer provide a good range of options and are primarily based on the level of investment you make. Firstly, there is the 42 day plan where you can invest at 3 levels, up to $999 you receive the variable daily profit, from $1000 to $4999 you receive the variable daily profit plus 3% bonus and from $5000 to $9999 you receive the variable daily profit plus 5% bonus.
The second set of plans run for 210 days and return the following: for between $10000 and $29999 you will get the daily variable rate plus 0.2% daily plus a 6% bonus. For investments from $30000 to $49999 you receive the daily variable rate plus 0.4% daily plus an 8% bonus and finally for $50000 to $100000 you receive the daily variable rate plus 0.5% daily plus a 10% bonus.
As they say on the site the second plan is the more profitable but for most people I’m guessing that the level of investment required would be something of a stretch so plan one would be more appropriate.
Sport Arbs currently accept Global Digital Pay, Perfect Money and Liberty Reserve. They are working to accept StrictPay, SolidTrustPay and AlertPay shortly.
I’ve made an investment as I believe that this is a reliable source of earning and I’d encourage you to take a look for yourself to see if it would suit your own investment strategy.
What Really Makes Money…First Impressions
In a previous post I mentioned that I had sent off for details of Business Opportunities (What Really Makes Money) from Nick Laight. The package arrived just before I left for my week’s break in Spain so I took the opportunity to review all the material whilst lying by the pool.
The package consisted of a manual that contains 8 business ideas that Nick suggests can be started with little capital but have the potential for good earnings. Also included was a CD with a further 11 business ideas. Finally there were copies of the last three newsletter editions, so all in all quite a comprehensive package.
There were several ideas that caught my eye and two specifically that I’d like to cover in this post. The first was a report on the CD that provided some information about one of my favoured money making methods, namely sports arbitrage trading. I have written about this on several occasions and whilst I don’t trade heavily in this area I am always keen to learn new ways of exploiting this business. The report provided information about the Odds Exchange website which is a portal that provides a whole raft of information about sports betting. This is a very useful site as it provides access to many online betting sites and associated services. In relation to sports arbitrage trading there is one section of the site that is dedicated to identifying arbitrage opportunities.
At the time of writing the arbitrages identified related to soccer and tennis. Assuming you could place the requisite trades returns were between 1.5% and 3.2%. There weren’t a large number identified and one that I looked at in detail used an Hungarian bookmaker for part of one trade. As I couldn’t find an English translation for the site it’s clear that not all opportunities would be available (unless you can work out the Hungarian equivalents of course). Also, as with any arbitrage opportunity you need to be quick to place the trade as they don’t always last that long.
If you register at Odds Exchange you can request the arbitrage trades be emailed to you so this could be a very useful service. In the report on the CD they highlighted examples of trades where profits would be above 30%. Whilst a very tempting profit it is always worth double-checking everything when profits like this are presented, however a good spot by Nick Laight and the WRMM team.
The second scheme that caught my eye was in the May edition of the newsletter and was an investment recommendation for woodland. A few years ago I did some basic research in investments in timber, primarily in Panama but never followed it up fully. The report in the newsletter focused on investing in woodland in the UK. As Nick explained the green movement has made this a very tempting area to get involved with as the European Union provide a whole host of subsidies and grants to encourage woodland development. The newsletter report gave some clear guidance on how to proceed, useful websites that gave even more information and a theoretical example of what profits could be achieved.
All in all this was highly attractive and I am considering following this up further when I return from holiday with a few ideas that I think could make this even more profitable.
Whilst I’ve only identified two business ideas from the wealth of information I received I am sure that many of the others provided have real potential so if you were considering a subscription to What Really Makes Money from Nick Laight at Canonbury Publishing then all I can say is go ahead as I don’t think you will be disappointed.
Am I making Money?…
In my post The Ups and Downs of 2006 I reviewed where I was in relation to the investments that I was actively trading at that time. Now, at the end of the first quarter of 2007 I thought I’d do another quick review to see what progress, if any, has been made in the past three months.
I’ve not really done any more with my Sports Arbitrage trading at Risk Free Profit as I’ve maintained my focus for active trading on Fixed Odds Trading using the recommendations from Matt Shaw and more recently the Market Excellence service from Martin Corkish. Overall results have been mixed as many of Matt’s recommendations took a dive in the early part of the year. Things have started to improve but I am still using a fairly conservative approach where his recommendations are concerned so that I limit the risk even more. I’ve explained previously that Martin uses a very conservative trading strategy so whilst his recommendations have traded well the returns are fairly modest.
As a way to increase the returns from Market Excellence I also joined the trading club where Steve Hoven makes trades on FOREX. Unfortunately as soon as I joined the results dived and March has been a fairly disastrous month. The one good thing is that I am guaranteed to make a profit before any more fees are paid so I am hopeful that April will start to turn things round.
My account at FXIG has now been moved to Sharndor and it has taken some considerable time for funds to migrate across. The trader has resolved to expend all his efforts on bringing the trading back to profit as soon as possible but there is always a threat that impatient investors may scupper his plans. Luckily I was able to recoup more than my original investment so I’m now using profits when and if trading resumes. Again time has been somewhat unkind to Divinius Opulentis as progress was expected before now but fortunately some good news right at the end of March should see things accelerate in the very near future.
One of the shining lights in the last quarter has been CEP Coast and the whole CEP family of programs. CEP Coast continues to pay out at 2%+ a day and as I reported in mid-February they are now in a position where the returns are guaranteed. If I was starting out in online investment I would make sure that CEP Coast was the first program I joined.
Whilst I’ve been happy with Fantastic Pay as an investment they have encountered problems and are currently working through the resolution of these. This is not a major area of concern as I’m positive that they will come through and be stronger for it. Investors are still waiting for the first bonus cheques to arrive from Shop Right so performance here is somewhat below expectations. Having said that the organisation is still marketing strongly and provides a very positive outlook.
Since the New Year I’ve also started to invest in gold by way of Bullion Vault and GoldClaim although the offerings from both are different. With Bullion Vault you can purchase gold directly and it will be held in the vault of your choice in London, Zurich or New York. I make a monthly payment so that over time I hope to have a reasonable portion of my investment here. On the other hand GoldClaim use the money you invest for projects that they are involved with. At the the end of a defined period the aim is to return your funds and profit so that you can then buy gold coins. Recently the Admin advised that payments were being suspended for 120 days due to problems with banks so I would caution anyone thinking about investing in GoldClaim to hold fire for the time being.
Another worth an honourable mention is Global Pension Plan as is it fast approaching 50,000 members and the forecast is that the 100,000 target will be reached in September this year.
So, what’s the verdict for the past three months? Well whilst some programs have performed well others have under-performed so I would say that I haven’t advanced as much as I’d hoped. This doesn’t mean to say that all is lost, mine is a long term strategy and I can see very positive signs in many areas. Let’s see what the next three months brings.
Juicy Arbs?…
When I first started writing this blog I was focusing much of my attention on Sports Arbitrage Trading with Risk Free Profit as I saw that as one way to build up a good second income. As you can read in my post for the 2006 roundup I discontinued using their service on a regular basis because of problems with my bookmaker accounts being restricted (and no, I wasn’t trading $’000′s at a time).
Having said that I still like to keep an eye on what is happening in the sports arbitrage world and recently I came across a new offering from Juice Trading. They are a new venture that started towards the end of 2006. Their strategy is somewhat different to other providers in that they sell you the software directly rather than charge a monthly fee. The basic package is $99, a professional version is due out later but there is no information about the price as yet.
Whilst I was doing some research I came across a very good review of the software at the Sports Arbitrage Guide which I think gives a very balanced view of both the positives and negatives of the software. In summary it says that the package is a good starting point for those who want to venture into the world of arbitrage. As they work with a limited number of bookmakers there will always be a trade-off against more expensive services but it certainly means that for beginners there is now a very economical starting point.
