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BetRiskFree Using UCantLose Arbs?

Posted by Aegist on September 18th, 2006

Anyone who regularly reads any of my reviews or posts in general will know that I tend to avoid saying anything bad about anyone or any program. So it comes with great distress for me to make this post, but there are only so many chances someone can be given before the truth needs to be known in order to stop others being hurt.

So, as a preliminary post on the matter, I am going to report a number of problems that I have found with BetRiskFree which have dissappointed me greatly.

Firstly there was the Personal Experiences Thread for BetRiskFree in our forums at DTM: http://www.dreamteammoney.com/index.php?showtopic=3101&st=0 where several uses reported problems. I attempted to help out and defender BRF because I had spoken with alexander, the owner of BRF a number of times via email. I have always found that simply being able to talk to someone instills much greater confidence in me for that program. So I was a little shocked to hear negatives on this thread, but there they are.

Far worse than that is the fact that Khalak tried out the one month trial for £1. about 5 days before the end of the trial he cancelled their service via their web form (avoiding the monthly £10 recurring fee). Only to find that at the end of the month he was charged anyway and the alerts kept coming. He thought maybe he made a mistake on the form so resubmitted another cancellation form, but nonetheless the arbs kept coming and he was charged for another months subscription. He Used the form AGAIN, EMAILED BRF on the 16th of August and told them that he has already tried to cancel three times previously and that he doesn’t want any more, and nonetheless on the 30th of August he was charged yet again and the alerts kept coming.

When I found out about this, I emailed alexander myself on the 6th of September, expecting to be able to get a response from him. I have not heard back from him since then (two weeks now). The arbs are still coming and Khalak is about to put a blockage on all charges from BRF at his bank account since no amount of requesting to BRF seems to stop them charging him.

Thirdly there is the issue of where BRF’s alerts are coming from. Another SAG user mentioned in one of our emails that BRF’s alerts seem all be identical to UCantLose’s alerts only a minute or two later. He made the comment flipantly, but when I looked at one of the email alerts from BRF it is blatently apparent that they are using UCantLose’s alerts. How was it apparent? The links BRF provided to the bookmakers actually used the affiliate links from UCantLose!

http://www.sportsarbitrageguide.com/picts/BRFUCL.jpg

I asked Carl from UCantLose about this and he said he would investigate because the UCantLose alerts were provided by their own software which no one else has access to, and hence are unique. I haven’t heard back from Carl yet.

And now?

That is all of the information I have at the moment. I am waiting for some sort of reply from alexander at BRF still and awaiting word from Carl at UCantLose. In the meantime I recommend everyone avoid BetRiskFree until more information becomes available.

Shane

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Monthly Sports Arbitrage Trading Log, August

Posted by Aegist on September 7th, 2006

August, Month 6
Opening Balance = $3,186.93
Bookmakers funded = 9
Bookmakers Used = 8
Number of Trades = 12
Profit = $181.74, 5.70%
Closing Balance = $3,368.67
Logged Time = Very Minimal

As a first installment for the “Monthly” summaries, this is clearly a low percentage. The reason for the low return is the 20 days or so of not trading due to internet upgrading and sorting out network issues. So looking at our trading log, we have a trade on 3 August, then the next trade is on the 20th August, clearly not  a normal month. Virtually all of the profit this month came from the last 10 days of the month. One of the arbs was actually cancelled, so in the end there were only 11 profitable trades.

Further Stats:
Favourites won 9 of 11 arbs
Average arb percentage = 1.62%
Average Profit actually taken = 1.80%
Average Trade amount = $504
%Profit Per month average = 5.70%
Profit per month average = $181.74

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Latest SBP Newsletter… almost.

Posted by Aegist on September 3rd, 2006

From this weeks riskfreeprofit members newsletter:

“We would like to remind members that mention of the members trading pool in ANY public forum is in breach of our policy. This includes public presentations, websites, forums and advertisements. It also includes publication of this newsletter, which is for members only. People in breach of this rule run the risk of termination and loss of pool profits. If you are a culprit, please remove the information immediately.”

Oops. OK, so I won’t be posting any more newsletter here. I know I am not the only member who didn’t know this, newsletters have been posted in forums for quite some time now, and it seemed to many of us a good way of showing people the sort of dedication that RFP has to its members. They clearly put a lot of effort into running RFP and keeping everyone up to date.

So, unfortunately non-members won’t be able to see the newsletter publicly anymore. Of course, if anyone is interested in staying informed, they can always email a member and ask for the latest one. That is still allowed, just no more public postings.

Shane

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