>>Subscribe via Email<<

Week Ending 25th June 2006, Week 11

Posted by Aegist on June 30th, 2006

Opening Balance = $3,033.97
Bookmakers funded = 7
Bookmakers Used = 4
Number of Trades = 2
Profit = $9.23, 0.30%
Closing Balance = $3,043.20
Logged Time = <20 hours

I was very busy, lazy, and sick this week. So the complete lack of action is mostly my own fault, althought the time I did have SBP running, there didn't seem to be anything happening. Astute watchers will probably also notice that I am posting this report almost a week late...thats also part of the busy/lazy thing... Sorry about that, but sometime you just can't stay on top of everything, and sometimes you just really want to walk away from a task you know you have to do. Admittedly, that is one of the attractions with Arb Trading I guess... You aren't being controlled by anyone else...

See ya in a day or two with this weeks results.

Shane

Further Stats:
Favourites won 0 of 2 arbs
Average arb percentage = 0.88%
Average Profit actually taken = 1.19%
Average Trade amount = $417.64

%Profit Per week average = 1.68%
Profit per week average = $46.33

2 Comments »

---

Week Ending 18th June 2006, Week 10

Posted by Aegist on June 19th, 2006

Opening Balance = $2,950.01
Bookmakers funded = 8
Bookmakers Used = 7
Number of Trades = 14 (1 cancelled, 1 pending)
Profit = $83.96, 2.85%
Closing Balance = $3,033.97
Logged Time = 60 hours

This started out as great week with our first trade being $40 in profit, and it continued on as a great week until I managed to miss the second set of odds on a trade and ended up losing $7 on a trade So we would have had $90 profit this week if it wasn’t for that, which is a bit of a shame.

Similar to previous weeks I got nearly all tennis arbs (12 of 14) with the first big arb being Baseball and the last arb on World Cup. Strangely enough nearly all of the arbs came on the first few days of the week with virtually no arbs over the weekend again. I used to think that the arbs were supposed to come on the weekend and not in the early days of the week, so these results are obviously challenging my previous ideas…

This week saw a big milestone too btw….incase you didn’t notice. We broke $3,000 in our bankroll. Woo Hoo. I want to get to $4,000 in 12 weeks. So there is the goal: $4000 by week 22. It’s a big goal…. It is going to be a stretch and require some luck, but hopefully having the goal will help it come together!

See you all next week…

Shane

Further Stats:
Favourites won 10 of 12 arbs
Average arb percentage = 1.5%
Average Profit actually taken = 1.68%
Average Trade amount = $386.34

%Profit Per week average = 1.82%
Profit per week average = $50.05

No Comments »

---

More Improvements on the Sports Arbitrage Guide Website

Posted by Aegist on June 14th, 2006

I have been actually putting some time into FINALLY making the website a bit more guide-like. I have been busily writing up the tutorial for setting up to start arbitrage trading, and am now starting on the learning process tutorial. As soon as that is done I will write a tutorial for ‘how to trade’ directly.

I am also trying to start updating the website design a little and actually optimise it for Search Engines a little, but this won’t affect the content at all nor should it detract from the easy reading. I will try to get this happening quickly from now on, I will stop wasting time in that stupid scam.com thread. No point bashing your head against a wall….apparently.

The new updates are taking place in the ‘advanced‘ section of the website which may be being renamed as soon as I have a few things finallised and reorganised. I am trying to make everything very user friendly and intuitive, but it isn’t always easy….

Shane

No Comments »

---

Week Ending 11th June 2006, Week 9

Posted by Aegist on June 11th, 2006

Opening Balance = $2,897.17
Bookmakers funded = 9
Bookmakers Used = 9
Number of Trades = 3 (1 cancelled)
Profit = $52.84, 1.82%
Closing Balance = $2,950.01
Logged Time = 40 hours

Ewwww… A terrible week this week. Three arbs traded, one of them was a cancelled game. Most of the profit actually came from bonus money of depositing into a new bookmaker. I am seriously considering taking much greater advantage of bonus money now. I think that bonus money should be incorporated into the whole processes  much more. This brings a lot more considerations into the process, but it will clearly reap benefits in the way of larger profits.
Looking forward to the world cup…..

Further Stats:
Favourites won 2 of 2 arbs
Average arb percentage = 0.75%
Average Profit actually taken = 0.78%
Average Trade amount = $598.98

%Profit Per week average = 1.71%
Profit per week average = $46.28

No Comments »

---

RiskFreeProfit: Aegist vs Scam.com

Posted by Aegist on June 10th, 2006

Scam.com. A forum-based website where people can go to discuss whether online businesses, offers, websites, claims are scams or not. Great idea right? I thought so. I think it is important to have places online where you can find out if you are about to be ripped off or not. I have used the services available at Scam.com several times myself. When I found www.MoreThanTraffic.com I thought “This sounds way too good to betrue” so I googled it, found this thread: http://www.scam.com/showthread.php?t=11412&page=1&pp=40&highlight=MoreThanTraffic and participated. You may notice if you cared to look that I only participated for about the first 3 or 4 pages, because everything after that seemed like overkill, and it is still going. I also made a thread about SportsArbitrageInvestor there because no one else had and it needed to be exposed thoroughly.

So conceptually, I love Scam.com. In practice though, I have found it to be populated by overzealous scamsayers who are so  quick to accuse anything online as a scam, that rational discussion and evidence have nothing to do with it. I have seen this time and time again in these forums, and it concerns me that when a website sets itself up as the internet scam police, there is no one around to police the police. Who do they have to answer to? How visible are the posters on this forum? They aren’t, and they care little of the consequences of their actions and do whatever they want. This distresses me a little, but not overly because I am well protected: I am aware of its existence and I know how to argue (I’m a major in Philosophy and history and philosophy of science amongst other things). So I look forward to the chance to defend my actions, my website, and what I do publicly. Bring it on. So when I found a thread asking whether RiskFreePool was a scam or not, I just had to particpiate didn’t I?

First of all, RiskFreePool is a member only benefit of RiskFreeProfit. Members are allowed to buy units in the pool which is a large fund being traded by a number of professional traders. At the moment members can buy up to $1000 worth of units, and the investment term is for 1 year (no exceptions). There are some very draconian rules with this investment pool and if you break them or want to withdraw before the year, it will cost you. I think the rules are probably one of the best indicators for the non-scam status of this investment, but I am not here right now to defend it so much as paint the picture for everyone who doesn’t know what the RFPool is. The most important fact about RFPool which gives me confidence in it, is the fact that RFP never guarantees any returns. If they actually were to lose money somehow from the pool, then thats what they will report. Unlike all of the scam HYIPs out there which guarantee you will make 10% a day and BS like that, RFP offers a high yield investment program which returns whatever their traders can make minus commisions. Simple as that.

And with that ever so basic understanding of the Pool, welcome to the joke that is the RFPool thread at Scam.com.

Shane

PS: please leave comments here, or post in our forums (or in the scam thread if you wish) if you think I have said the right thing, or the wrong thing, or you want to argue one way or the other. As I stated in that thread, I am interested in the truth of this matter. It’s just unfortunate that the scamsayer present had no ‘ammunition’ himself.

No Comments »

---

« Previous Entries

Enter your email address: Delivered by FeedBurner