March 23, 2011

Zero Risk Bets

ONE-OFF REVIEW

I had intended to trial this system/service over a few weeks. However, for reasons which should become obvious, I have decided to go for a one-off review. A lot of what I write in this review is opinion. I will leave it to you to decide whether my opinions are valid.

It was not until I had committed myself (or would have if I’d been a customer and not a reviewer) that it eventually transpired that what is on sale is an arbitrage alerts service. This was not immediately obvious – I’m sure the profits claimed do not come anywhere close to what an experienced arber would expect. This in turn had me wondering if what was on offer could be something other than arbitrage – it wasn’t. For anyone not familiar with what is involved, googling “sports arbitrage” should bring up some good explanations.

I thought the sales page was one of the most attrocious it has ever been my misfortune to experience – I cringed as I listened to what sounded like a failed B movie actor auditioning for a part as an East End (street) market trader! Putting that to one side I shall begin with some of the alarm bells that were set off.

The first thing that caught my eye is that there are only 36 copies left. Strange thing, I could have sworn that weeks ago, when I first visited the sales page as a result of a bombardment from the “usual suspects” (purveyors of usually dodgy systems) there were only 36 copies left. Six weeks, or more, and not a copy sold?

Second, the purveyors of this service claim profits in excess of £52,000 in 21 days. I suppose that this is theoretically possible – barely. Whether it is feasible is another matter entirely. They claim that bet #1 produced a profit of almost £5,000. If the arb produced 10% profit, a bank of £50,000 would be required – just for one bet. As arbs are frequently below 5% £100,000 or more would be needed. Just for one bet! This assumes of course that all bookies involved are going to accept, just like that, a bet running into tens of thousands and that all parts of the bet get matched. I think that is about as likely as the Pope converting to Islam! Oh, bet #2 produced a profit of over £14,000 – I won’t even begin to get into the maths!!

Second, while its possible that the “proof” (my term not theirs) in the form of screenshots of bank and bookie statements is genuine, none of my online bank statements look anything like theirs. I’m referring to what actually comes up on my screen when I am logged into my bank, not to the size of the credit balance! Somewhere, I have a Betfair statement showing that on the 31st February 2020 I won over £1 million from a single bet, genuine of course. In my experience, “proof” in the form of screenshots is not hard to manufacture.

Third, I had the strong impression reading the sales page that I would be parting with $37. In fact, anyone who did not run screaming from the sales page and ended up purchasing would be paying £37 per month. $37 one off, against £37 per month, surely this was not intentionally misleading?

Apparently, or so it is claimed on the sales page, 99.9999% (I think I have the right number of decimal places) of punters lose. That means only one in a million make a profit. I bet the bookies will be pleased to learn this!!

My pet hate also featured large on this page (which I’m sure the purveyors would claim I am maligning). Apparently what is on offer is the real deal and just about everything else is a scam. I hate that approach! However, I was reassured to find that I could get started with a bank of just £5. I’m not sure how long it would take to build that to a reasonable size – I should live so long!

Eventually, and after some hassle, I started receiving the email alerts. The arbs appear genuine enough. However, they use the arbitrage standard size bet of £1000, split over all outcomes of an event. Some arbs were over 5%, but the majority have been closer to 2% – £20 from tying up £1000, sometimes for a number of days before the bets are settled. This does not take into account that money also has to be moved around and this can take time. So, in order to make decent regular profits, considerably more than £1000 has to be readily available.

I have not been placing any bets, because arbitrage is not my thing and I’m not going to test this using £1000s. However, there have been at least five arbs that I have seen for F1 and these won’t be settled until the end of the season. Two or three of these are at odds where, quite literally, the money would earn around the same left on deposit with a high street bank.

My “purchase” also included two ebook downloads. Strangely, though what is offered for sale is zero risk betting the ebooks are about horse racing and there is not one mention that I can find of zero risk betting or arbitrage

If I had made a purchase I would probably have set a record for the speed with which I contacted Clickbank to ask for my money back.

I heartily recommend that this service is filed firmly under Failed. The recommendation is not made on the basis that the service doesn’t work, but on the basis that the potential profits, how much is needed to get started and what is being offered are (in my humble opinion, of course) grossly misleading. Words like, “plague”, “like the” and “avoid” spring readily to mind.

If you are insane you can subscribe to Zero Risk Bets here:

http://www.cash-master.com/zeroriskbets.php

Filed under General by Michael

4 comments

{ 4 comments }

nick May 16, 2011 at 9:06 am

I do not use this service and like you was completely put off by the website so I can accept quite readily most of what you say.
However, I think it is harsh to put it into the failed category. I think your own dislike of arbs has persuaded you (in addition to the ridiculous website and “proof”) to fail this service.

Realistically, the service does appear to work and £37 per month is a small amount for an arb service, when that amount can be returned in a day given a reasonable sized bank. For example, using just a £100 bank I made a £15 profit yesterday and this was one arb.

I arb constantly and due to bookie limitations I only operate with a £2k bank. Personally, I wouldn’t pay £37 per month for this service as I am quite happy with the services I use already but I am always interested in looking at other services to see if something comes along to blow the others out of the water. Zero Risk Profits doesn’t do that and their sales pitch is, as you say, ludicrous but…there is nothing wrong with what they seem to be offering.

Graham May 16, 2011 at 9:31 am

Thanks for your comment Nick and you do make a fair point. Yes, the service will make a profit but I think the reason we failed this is because of the grossly misleading sales copy that suggests you can make tens of thousands of pounds and you can start with a £50 betting bank. Clearly ridiculous. They also show a winning bet of £1000+ but don’t mention this is just one half of an arb, and that most of that money would have been spent covering the other postion. A Neutral rating may well be more appropriate but my bloggers are free to decide for themselves how to rate a service.

john August 2, 2012 at 8:49 am

Hi thanks for a honest review, i have been looking for that last couple of days before buying, now i know what do to. dont buy it you saved me some money- thanks!

john

Graeme August 3, 2012 at 9:48 am

Many thanks for your insight to what i consider a SCAM. Nowhere in the blurb do you hear that it is indeed ARBS. From what I researched some arbs only last for a few minutes anyway so you have to be lightning fast to get on.

STAY AWAY FROM THIS JUNK EVERYONE, SERIOUSLY. Do the math and consider how much you need to keep moving from one bookie to another to keep doing these types of bet. IMO you would need a PhD in Money Management. I am a Binary Options trader and only “work” for few minutes per day and on successful trades I “earn” up to 85% ROI. I only trade with £10 per trade and then stop when I get my pre-determined profit. For me to earn what I do by ARBING!!! even I can’t do the math on that one

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