January 13, 2012
Update:
Hi Art back now what a nightmare I have had! unfortunately I can’t get a signal where I live Bt been promising from Tuesday…
and
0 commentsHello everyone, I am finally back online!
just going to get access to the control for the site so I can add everyone
what a week, BT decided to come back at 3pm today!
Wednesday started no contact yesterday and back at 3pm today, after numerous calls!
January 13, 2012
STOP PRESS, we are in a trade at long last…….update to follow, 5 pips profit so far
0 commentsJanuary 13, 2012
It is deeply frustrating that there has been no service and little communication this week, Apparently Roz has suffered a major internet outage. There was a brief flurry of activity on Wednesday, so I hoped that things were back to normal, but there is still a lack of communication so I suspect not.
Consequentially there won’t be any updates this week.
I will be keeping a close eye on developments, or lack thereof. I do, however, believe that it is too early to draw any conclusions as to efficacy of the service, although it is understandable that some subscribers do have concerns about this. As some subscribers haven’t access to the skype group as yet, I will try to post any updates I receive. The last update in the skype room was on Wednesday and reads as follows:
Firstly apologies for lack of contact, after working till 1am Monday morning I have had some major problems my site admin page went down before I had finished updating site, which no matter what I did I couldn’t get back on, so I decided to get a couple hours sleep and got up at 5am to finish to find I had no Internet connection at all and a very crackly phone line, I really could of cried!
I have spent hours to BT (literally) trying to get sorted, my fix date is today [Wednesday; Art] and I have just seen someone working in a box (which I took some pics off, I will share) so I am pushing to get back on ASAP.
I have only just checked my emails since Sunday night and I obviously have a backlog, mainly trying to find out where I am I,m sure!
Full service will resume as soon as I am back online, I haven’t even looked at a chart this week, I have all ready to go though and we have a trad4xpro channel on join.me, as soon as I am clear I will get the link to everyone and I have a live Alpari MT4 account which I will place the trades on so anyone tuning into the channel will see the exact trade and where the stop and take profit is, obviously I wanted this to start Monday but this is out of my hands.
No one has been authorised to the site yet so if you have put in a request, that is fine as soon as I’m back on I will accept everyone .
I will finally get trading soon and get everyone to the same point, I did ask Dave to put a message out in the Skype room but I know some of you are not in the room yet, again I will get everyone in the room once I am back online, hopefully very soon.
Regards,
Roz
There is an object lesson to us all in all of this, whether trading ForEx or betting in sports markets. What would YOU do if your internet or power went down or your computer failed?
Once you have made a little profit: a backup laptop with an internet dongle, battery fully charged is probably enough. Remember you’ll have to check that it works from time-to-time. Also have the trading desk phone number of you broker/Betfair/bookie handy, so you can close any trades/bets if needs must. Remember to back up regularly and often and synchronise with the backup laptop.
6 commentsJanuary 12, 2012
Time for an update on this service.
A breakdown from the start of this season (August):
Average stake = 168 points
Avg profit per month = 138 points
Total Profit = 690 points
Now, bear in mind that whilst this sounds like a lot, the average stake is 168 points so if you convert that to 1 point per bet (which is what tells us how profitable a method is), that works out to be only 4.1 actual points profit this season and an average profit per month of 0.82 of a point.
I asked them about this and their response was as follows:
“I understand what your saying but starting with a 1000 point bank the profit is 690 points and I believe the ROI is around 5-6% which by professional gambling stakes would be very acceptable.
So in effect the bank has increased by 69% in 5 months which is not a bad state of affairs.
The service has always been this way and the fact is it makes profits and many systems betting to 1 point require very large banks to be succesfull, if you were betting 1 point per bet using my service you would need a bank of 10 points… given the cost of my service anyone can start with a small bank and over the course still make a good profit and start compounding after each month.”
That is actually a very good point. A 10 point starting bank is indeed very low and a 69% return in 5 months is very good by normal standards.
At present they charge £5.49 per month but what they are currently offering is a subscription for 5 months until the end of May for only £19.99.
I think for twenty quid and a ten point bank you really can’t go far wrong with this service.
You can join Betting Pros here:
http://www.cash-master.com/bettingpros.php
0 commentsJanuary 11, 2012
It’s time to wrap this trial up and give my final verdict.
The idea behind this system is to place two bets before kick off on two separate markets with one acting as an insurance policy if the other gets into trouble, you then close all open trades at half time. It’s a decent idea in theory but it does not live up to expectations in real life situations.
I made a comment not long into the trial and the results since then have confirmed my feelings at the time, the insurance bet costs you too much money when things go right and does not provide enough cover if they go wrong.
This is not a unique method. Not long after I started the trial, one of my fellow bloggers pointed out that he had an almost identical system that dates from several years before this one. I also had the feeling that I’d seen something similar before and on opening up an ancient file on an old P.C. I found I had a copy of the same method dated 2005. Both these older versions were better written and had more sensible get out strategies, although they did suffer from the same market failings as this one.
I do also have some issues of concern about the way this e-book is written. Other than an odds range, there’s no real match selection criteria given. The book is pretty much just a series of screenshots showing successful trades and makes many references to the fact that the profit figures shown are for just $30 stakes and just imagine how much you could make with $300 trades. The problem is that there’s relatively little liquidity in the insurance bet’s market. Even in the bigger leagues the pre-kick off matched figure is often around or below the £1000 mark.
It’s not all bad news. I did make a profit while using the system exactly as it’s written and it has prompted me to get my thinking cap on and come up with a twist on it that I can play around with and improve further.
So on the positive side we have the fact that I did actually make a profit using it exactly as it’s written, it’s pretty quick and simple to understand and it’s unlikely to totally blow your bank. On the negative side we have an old method, no real selection criteria, limited liquidity, the insurance leaves a shortfall if you run into trouble, a fairly high purchase price and no refunds offered.
I think a rating of NEUTRAL is about right for this system. The fact that I did make a profit even though I ran into trouble on a few bets is enough to save it from an outright Failed listing but there are significant negatives that mean it’s not close to Approved, the biggest gripe is that the purchase price is quite high and there is a no refunds policy which is a big problem if you buy this then find out that you already have the same method from a previous product.
You can get the Betfair Success Formula here:
http://www.cash-master.com/betfairsuccessformula.php
January 11, 2012
Just checked the overnight range and again no qualifying trend, so the good news is we are still in profit, the bad news is we cannot add to it. On to tomorrow!
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