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New Arbitrage Spreadsheet Available for Download, and Aegist AFK

Posted by Aegist on June 12th, 2009

Thanks to someone enquiring about the old spreadsheet which I had made available for download several years ago in the downloads section of SAG, I have decided I should update that spreadsheet to my own more current version. So if you go to the downloads page now, you will find the old version, and the newer improved version.

The more recent version has two tabs to it. The first tab is to track your bookmaker balances. A list of bookmakers are already present - these are not meant to be recommendations or anything like that. They are just bookmakers which I have had there for one reason or another over the years. Some of them have their tennis rules indication in the far left column (check to make sure this is still current before assuming it is correct!), and some of them have mirror URL’s indicated (so if the website is down, you have an alternative to try).

The second tab is for the arbs themselves. There are some examples up the top to give you an idea of how it should roughly work. You only need to fill in the Bookmaker, the odds and the bet on each side (and the draw if required), and it will calculate the rest for you. The final outcome is determined when you enter U, F, D, B, N, etc in the second column from the left. What each of these mean are explained in ‘Comments’ in the top section (just hover over the cells with red triangles in them).

This spreadsheet is far from optimal. There are a lot of things with it which I would like to improve myself, and I am sure there are far better designs out there. This just does the job for me, and that is all I offer. So if you don’t like it, don’t use it

The thread which inspired me to upgrade this spreadsheet can be found on ArbForum in the Newbie Questions section - Excel Spreadsheet for Logging Arbs. If you have any questions about how to work this new spreadsheet, pls just post your questions there (or in the comments section of this blog if you prefer).

Download New Arbitrage Trading Log Spreadsheet here.

Aegist AFK

In other news, I will not be around until September. I will be going to Madagascar for 2.5 months to go trekking through the Jungle. Some of my readers may be familiar with one of my other websites, TDMSKP.com. I will be trekking through Madagascar taking photos and notes of my journey, and when I get back, you better believe there will be photos, videos and new track notes for interesting things to do in Madagascar!

So apologies in advance for not being contactable for the next almost 3 months, but they don’t have much internet connectivity in Madagascar at all, let alone in the national Parks!

So, as usual, Good Luck with your arbing adventures - I’ll see you later

Shane

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Gold Nuggest Invest and Pegasus Group Australasia

Posted by Aegist on May 17th, 2009

Just another post about two more companies which have recently come to my attention - GoldNuggetInvest and Pegasus Group Australasia. Gold Nuggest Invest is actually a typical HYIP, and it’s connection to arbitage is probably only in claim. What they offer is clearly absurd, and only possible in the realm of Ponzi - they promise a risk free 6% return per WEEK. Yeah right. This sort of investment scheme is common in the world of ‘HYIP’s and anyone reading this who finds themselves considering ‘investing’ in such a scheme, then please spend some time reading about what HYIP’s are and their history. You will quickly find that there is a long history of getting people in only to disappear with all of their money. Most important thing to know about HYIP’s, is that every single one of them has had a loud cheersquad proclaiming how great their HYIP is and how they have been paid and how much money they have made etc. This in no way means that the HYIP is not a ponzi - in fact it is the one thing common between all Ponzis, because without new investors, there is no way for the ponzi to continue paying out the old investors.

Someone emailed me about GoldNuggetInvest to ask me if I thought what they claimed was possible, and in that email they indicated that their investigation had not found any negative information on them.  I know how easy it is to research someone and only find positive feedback and good news about them - but this information is not helpful. This is why whenever I start researching a company or investment scheme, the first thing I do is google the companies name with the word Scam or Rip Off after it. I find this tends to very quickly and easily highlight any complaints about the company you are investigating. Don’t just trust the good news, and the links provided by the promoters of the company - go looking for the dirt directly. I will have to write an article on this topic alone I think…

I have also been recently contacted about Pegasus Group Australasia. This company operates out of Brisbane QLD, and sells arbitrage software for $16,000. I have not seen the software myself, but the person who I spoke with about it said that they company offered to discount the package to the low low price of $9200, and even better than that, offered to accept only $2300 upfront and have the rest paid off from their trading profits.

I don’t know how good the software is, it could be the best on the market (they all claim to be, this one might as well claim it too), and my basic complaint will remain the same as it always has. An alert software is a SERVICE. It is an ongoing commitment of resources. It requires continual adjustments, upgrades and attention to detail. Bookmakers change, betting markets change, sports change…everything is in flux. In order for there to be an incentive for a company to continue to provide assistance, support, and continual upgrades and improvement to their software to get through all of these changes, there simply MUST be an ongoing service fee associated with the software - single upfront fees are not viable business models.

If the company offering the software is a good company, then you should feel absolutely no pressure and no rush, because they should be around for a long time. If they are not, then you have saved yourself a lot of lost money, and if they are, then you don’t need to rush into purchasing their software. If they claim to be only taking in a few customers before closing their doors, then you should be skeptical of that claim, because they are basically saying that they are going to stop all of their cashflow! What will keep them in business after they stop taking new customers???? What incentive do they then have to maintain the software for their old customers???

Singe upfront payments for arbitrage alert software simply don’t make fiscal sense.

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RebelBetting Alert Service Beta Release

Posted by Aegist on April 17th, 2009

RebelBetting has opened up their new arbitrage alert software to beta testing. You can download and use their alert service software free for a limited time while they collect user feedback, fix any bugs, and try to generally improve the service according to user demand.

Simon, the creator of RebelBetting, has created a thread on ArbForum for discussion of the Beta release, and feedback from the users. You can also provide feedback to them directly through a form on the RebelBetting website.

Find out more about the beta release and download it yoruself  on their website: http://rebelbetting.com/

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ArbSeek Uncontactable

Posted by Aegist on April 10th, 2009

A really quick post this time. ArbSeek has been uncontactable for over a month now. I have personally been unable to contact them, while there have been a couple of comments on ArbForum complaining about being able to activate their accounts after making payments.

So please do not make any payments to ArbSeek at this time until they are definitely shown to still be active. I will be moving them to the extinct alert service list in the near future if things do not change.

More news will follow on this subject as I get it. In the meantime, the final pages have been added to the Arbitrage Trading section of SAG, and there are plans to make a few other changes to the alert service listing, a few improvements to the accessories and downloads pages in the Components section, and then eventually a complete renew of all of the content on SAG (no significant change, just a bit of a proof reading and improvement to overall layout and readability

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WTS (World Trade Systems) Arrests Made

Posted by Aegist on March 9th, 2009

Finally, some ‘good’ news on the Arbitrage investment scam scene. Police have arrested the director of WTS and investigated 4 of their staff members. It is also suggested that more arrests are going to be made in other scam operations in the gold coast.

This is a great result for the members ripped off who have invested so much time into lodging complaints with ASIC and the police and doing everything they could to bring about justice to the scammers. However, even with this great result for justice, it still seems unlikely that anyone will be getting their money back.

WTS was first heavily discussed on ArbForum back at the end of 2007 - strong warnings against investing were given there at that time: WTS On the gold coast again. This shortly followed the article I wrote offering general advice to steer clear of any such operations : Investing in a Sports Arbitrage4 Investment Fund - Some advice. I simply point this out in case there are any other new scams operating, and people are investigating them now, and wondering whether - ‘maybe this one is different…?’. It isn’t. The general warning I wrote in August 2007 is just as true now as it was then - read it, and heed its advice. Avoid arbitrage investment scams. If they worked, they wouldn’t be asking for your money.

The current discussion on ArbForum is surrounding the arrests: WTS arrests finally - others to come. You can also find a link to the news article published in the Sunday Mail in the second post on that thread.

And lastly, I don’t think I have linked to this site before, so don’t forget to check out Sports Arbitrage Scams if you are investigating your own little scam…

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