SPORTS ARBITRAGE REVIEW

ALAN.SEYMOUR@SPORTSARBITRAGEREVIEW.CO.UK

A l a n S ey m o u r ’s

S por ts Ar b it r a g e G u i d e
ScamWatch!!

Although my overall Of late, there have been

experience with spor ts a large number of
arbitrage has been ver y companies, mostly from
positive and profitable, Australia, which have
there have been a number been selling spor ts
of companies I have arbitrage software for up-
dealt with which, front sums in excess of
frankly, conned me. $5,000.
Some losses have been There are numerous
small and just irritating, stories on the web about
whilst others have been how these operations are
substantial and quite cons – it’s actually so
painful to bear. bad that the Australian
Competition &
Ever ything here is an Consumer Commission
expression of my has released a war ning
personal opinions based which, unfor tunately,
on my personal seems to attack spor ts
experience, written not arbitrage itself as well as
out of rancour but just to the types of scam
act as a war ning to you described here.
to exercise caution.

COPYRIGHT 2001-2009 SEYMOUR ENTERPRISES www.sportsarbitragereview.co.uk

 SPORTS ARBITRAGE REVIEW ALAN.SEYMOUR@SPORTSARBITRAGEREVIEW.CO.UK

KNOWN
SCAMS
There are some basic things to keep in mind
Kirkberry Pty Ltd
to protect yourself from such a scam without
Draven Group
losing out on the oppor tunities that spor ts
SportsSureWin
arbitrage can give you:
ArbitrageUnion

ProActivtrader 1. If a company tells you that they will trade

STS with your money or your behalf, DO NOT
GoldNuggetInvest GIVE THEM YOUR MONEY. These
(GNI)
operations are Ponzi schemes, it’s as simple
DT Platform
as that. They will appeal to your greed by
MGM Sports
offering you impossibly large retur ns & they
GSI Global Sports
Investment
will suggest that you star t by investing a small
Global Success Trader
amount to give you confidence. Of course,
you will receive some interest back on this
XFT Sniper
initial investment because the end-game for
Baranstone
them is to get a large investment before they
TradeSmart
Technologies disappear with your money.
Global Arbtraders
Be careful; there are individuals who have
WTS
lost as much as $50,000 to these types of
Rhodes Peninsular
Investments scams.
Oz Future
2. If a company wants to sell you software for
Spectre Trading
a large upfront fee, and uses high-pressure
Spectre holdings
sales tactics to get you to make a decision,
Blue Point Trading
just back away. These companies make
Cohen Strachan
Investments CSI promises that are impossible to keep and they
AusSoft will make it sound as though they have
Globalsoft software that does things that no other can
Reevera
do. It’s all lies and that’s why they want your
St Gallens
money upfront in a big lump. If they were
Investments able to deliver what they promise, then they
Suncity Equities and would operate a subscription ser vice – it
Investments
would yield more for them over the long-term
Forbes International
Trading if they deliver and it would give their
Pro arb Traders customers the ability to cancel if they don’t.

COPYRIGHT 2001-2009 SEYMOUR ENTERPRISES www.sportsarbitragereview.co.uk

 SPORTS ARBITRAGE REVIEW ALAN.SEYMOUR@SPORTSARBITRAGEREVIEW.CO.UK

KNOWN
SCAMS
Recently a new ‘f lavour’ of spor ts arbitrage
Standford & Associates
scam has emerged: companies claiming to
Kinsealy Software
have robots that will execute your bets on
247-Web your behalf.
SORT Traders

X Software Solutions
Profit From Differences
‘Auto-trading’ Scams
Quarta Dimensio
Sportarbs
I know, it sounds silly when it’s put like that.
It’s hard, without laughing, to imagine robots
sitting at a desk placing bets. Although this
image is a parody, you’d do well to keep it in
mind when confronted with any person,
company or website that tells you they have
an automated betting solution…

The 2 most prominent outfits currently

operating this scam are called spor tarbs.com
and quar tadimensia.com

Both are classic Ponzi schemes.

In this case they are using the lure of spor ts

arbitrage with the idea of ‘automatic betting’
to create the dream of ‘automatic risk free
profits’. This appeals to people’s greed and
willingness to believe.

The simple fact is that bookmakers impose

limits on individual accounts; in the vast
majority of cases the largest bet any single
account can place will be $1000; given this,
how do you think they are able to place bets
for multiple users if they are using just one or
even a few in-house accounts?

COPYRIGHT 2001-2009 SEYMOUR ENTERPRISES www.sportsarbitragereview.co.uk

 SPORTS ARBITRAGE REVIEW
ALAN.SEYMOUR@SPORTSARBITRAGEREVIEW.CO.UK
THE
BOTTOM LINE
The bottom line is that
you can make a very good
income with sports
arbitrage ... BUT...
IF AND ONLY IF
you are prepared
to put the work in
yourself !!!
If you are seduced by
promises of easy money
& stupidly unrealistic
returns from people or
companies who say they
will trade on your
behalf ...
THEN YOU SHOULD
EXPECT TO LOSE
YOUR MONEY
COPYRIGHT 2001-2009 SEYMOUR ENTERPRISES www.sportsarbitragereview.co.uk
Think about the funds’ administration
issues..
If you invest $1000 then how do they allocate
this money amongst the bookmakers to ensure
that there are funds available for the trades
you wish to place? Indeed, once the $1000 has
been allocated across several accounts, it
becomes impossible for you to place a $1000
trade…
These are just a couple of glaring issues;
there are many more…
Think about why they need YOUR MONEY
if they have a robot that can place arbs all
day and night..
Why would they be happy with just a 25% or
30% share in the profits when they could have
100% ?
Why is your money, which costs them 70% or
75% of the profit, more attractive to them
than a bank loan which would cost them just
10% over a year?
The sites and their marketing is well-thought
out and I expect that it is quite convincing to
anyone who has little or no experience with
spor ts arbitrage. However, there is no doubt
that their tr ue business model is that of a
Ponzi scheme.