Sports Arbitrage Trading News and Articles » » CSI Arbitrage’s CarbonA and Finding Arbs

Sections

Introduction
Components
Arbitrage Trading
More

This Section

You are located:

Section: More
Page: News and Articles

CSI Arbitrage’s CarbonA and Finding Arbs

Posted by Aegist on September 16th, 2007

Update to this article:

Since posting this article CSI have spoken to me again, and assure me that they do in fact have their own arbs feed. How CarbonA works, I am told, is that it can be interfaced with any other alert service, so that those arbs are displayed in CarbonA. As such, their clients are all provided with their own default feed, plus the option to supplement their feed with any other service they want. CSI then subscribes to that service as a user on behalf of the client and that clients CarbonA will now have arbs supplied from those alerts. So the fact that SportsPunter arbs was being used in CarbonA does not mean that it doesn’t have its own feed, but simply that it was only getting SportsPunter arbs at that time.

Original article follows:

Incredibly disappointed I am.

After a couple of weeks of quite thoroughly investing my time into this matter it seems like nothing is ever as it seems in the world of arbitrage. Shortly after writing an article about Cohen Strachan Investment’s CarbonA, where I basically say that having spoken to numerous people that work there for several hours that I think everyone seems completely sincere, I find out that there was one ’small fact’ which was never revealed to me, which I think would be quite obviously worth mentioning.

CarbonA doesn’t find it’s own arbs, it takes data from other arb services and uses them.

So when you buy CarbonA from CSI for $16,000, you are actually getting a software add-on to one of the other more commonly available alert services. It was taking arbs from SportsPunter, but when SportsPunter found out about this, they closed down all of the CSI associated accounts and stopped taking new membership for a brief period of time. Last I have heard, CSI are now looking at using a commercial licensing available from Tip-Ex. That is, they will pay Tip-Ex a larger than normal fee to gain the right to re-sell Tip-Ex’s arbs. SportsPunter costs $75 USD a month or $510 USD a year, while Tip-Ex costs €120 a month or €1000 a year.

In light of another article I recently wrote warning about the risks of paying for non-subscription based services, I think this perfectly highlights risk #3 in that article. That is, the risk that the arb feed suddenly and mysteriously stops. If CSI stop paying Tip Ex’s commercial license fee (or whatever arbs data feed they end up settling on), then what happens to the expensive CarbonA? It becomes a useless husk of a program.

Boy I hope that never happens, for the sake of all of their clients.

8 Comments »

Comment by AJRacer01

All I can say is that ever since software has been made I have never seen software that costs $16,000.00 and I would like to know how much of that does the salesmen get in commission all the way from the boss, ceo, GM down to the initial phone qualifier that contacted you first my bet is that the software really costs less than $1000, and how long does it take to break even.

No one could justify me paying out $16,000 for any software for any reason even Microsoft doesn’t charge that for all their software. smells of a rip off.

That’s all.
AJracer01

Posted on December 11, 2007 at 6:05 am

Comment by Shandil69

I bought Carbon A in September 2007.A salesperson using the name Bruce Bishoprang me & told me he could show me a risk free way of making money & that there was no catch. He sent me a brochure in the mail, but I didn’t respond thinking there must be a catch somewhere along the line. He called me back in about 2 weeks & said he could show his software on my computer while talking to him on the phone.A time was set & over the phone he took me to a screen (Carbon A) that showed some arbs with Bookmakers names beside them.He told me that those arbs were always current & definately existed and that it was just the matter of having accounts with these bookmakers and using what ever amount of money from those accounts to place wagers with them.I asked him several times whether those arbs showing on the Carbon A were current, he assured me that if they were not current they wouldn’t be on Carbon A.I was gullible enough to part with $16,000 + gst ($17,600) on 07/09/07. I opened accounts with 40+ bookmakers & spent a lot of time in front of the computer. I havn’t found any arbs that Carbon A shows that actually exist. When you go to those bookmakers site to place a wager for a particular arb, at least one of them will not be accepting wagers for that particular event at that time or their odds will have changed.Carbon A costs $17,000 and wastes alot of your time and money.I would like some advise on what channels to go through to take action against the distributor of Carbon A (Cohen Strachan Investment). Thanks

Posted on February 7, 2008 at 7:39 am

Comment by Aegist

Hi Shandil. Thanks for posting your experience. I am not well experienced with dealing with these sorts of problems, but what I would do if I was in your position would be to go to consumer affairs… as I just have and found this page: http://www.consumer.gov.au/html/faqs.htm#consumers

I would work through that advice first of all. It pretty much points you in the best direction.

Please post here again when you have some news and/or feedback from how those first steps go.

Posted on February 7, 2008 at 7:53 am

Comment by afc

hi shandil69.

i am looking at buying this program from CSI and it looks very impresive. can u b more specific what problems u had with them?

Posted on March 3, 2008 at 8:19 pm

Comment by mystic_saurabh

Guys,

I have been burnt by a company who said there was profit in following the “smart money” through Horse racing. Long story short, I was a fool to purchase their product for such a huge cost. Learnt a gr8 lesson for life.

How is this linked to CSI Arbitrage?
That company also had their office premises address as “BOND University Campus”…..Now I don’t even like to hear that name…

I don’t know whether all of these people are together and operating such “get rich quick” things from one office but I thought I would share what I have noticed….Both operate from “Bond Uni Campus”.

Beware coz its your hard earned money.

Posted on May 4, 2008 at 3:04 am

Comment by Kray

Hi,
Sorry, but I know this Shandil69 guy. His realname is Praveen and he does the same thing to many reputable companies.
He buys the software and then threatens to defame them if he is not refunded. Then he keeps the software. Indian shyster looks to blackmail companies. I believe that people are looking for him now..so hard to find. Do not deal with this guy under any circumstances.

Posted on May 30, 2008 at 10:03 pm

Comment by kanoh

HI afc
did you end up buying the software? or has anyone else bought the software?

Posted on June 11, 2008 at 12:36 am

Comment by Shandil69

Sorry I havn’t been on this site for a while as I have been really busy and didn’t realise there was a bit of activity going on.
To afc, from my experience what I was showed & told was different to what I was sold.Almost all arbs I saw on the programme were not current-they didn’t exist.
Response to Kray, I was always wondering how CSI had my phone number and other details to contact me in the first place.Some time before I bought the ‘Carbon A’,I bought a horse tipping programme from a company from the same area and soon after they had my money their phone line got disconnected.
Soon afterwards CSI appeared and contacted me several times -smell a rat ? I should have then.
I wonder how many scams like this is this person involved in running ?
I’m not hard to find Kray, you have my phone number, my address, my solicitors details & soon you will have my barristers details too.

Posted on July 16, 2008 at 6:30 am

RSS feed for comments on this post. TrackBack URI

You must be logged in to post a comment.