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Risk Free Profit has disappeared - More money left owing.

Posted by Aegist on October 18th, 2008

This is a topic which I unfortunately have some history with. Risk Free Profit created the software SureBetPro and distributed it through an MLM network - quite clever really because it really took advantage of peoples desire to make easy money on several different levels at once.

It was through the MLM approach to distributing their software that I, and many other people were introduced to the concept of arbitrage trading. SureBetPro (SBP) was the first arbitrage software I ever used, and if it wasn’t for Risk Free Profit (RFP), this website wouldn’t exist. In the beginning I defended RFP against numerous people who claimed they were a scam - the fact was that I was using SBP actively, and making money using it. The price they charged for the software was reasonable; $140 a month; no multi-thousand dollar bills like some of the modern scams, and the software did pretty much what it claimed to do (not brilliantly, but functionally all the same). So based on the fact that they had a reasonable product, being cleverly marketed, it seemed reasonable that they should be a legitimate company. Why rip people off and risk retribution, legal retaliation, and/or prison time when you can make legitimate profits? Well turns out that even the most reasonable looking situations can still result in way too many people being scammed out of their cash.

RFP ran a member only trading pool where members could invest $600 - $1000 for a limited period of time. Everything about this trading pool sounded perfect. It made no unreasonable promises; your profits were not promised, they were based on actual results. The amount you could invest was limited to a reasonable amount so that everyone could have a fair go. The investment was restricted to a specific time frame; no long term compounding issues. And there was even an incentive for the company to offer this - in order to claim any trading pool profits, you had to be a full time member of RFP - ie, you had to keep making your $140 USD payments every month without fail. So the pool looked like a clever tool to ensure their member base never shrunk…

But I was wrong. After a little over a year of running the trading pool the first round of payments started to be made. And they were made successfully. People happily posted their profits at various online forums, doing the usual HYIP fan-boy thing by cheering for RFP and proclaiming their faith in the goodness of RFP etc etc. Having the exact effect every Ponzi scheme could ever hope for - creating the illusion that this company is reliable and safe to invest in. More people surely invested significantly more money into the trading pool. Numerous people paid out in the first round undoubtedly put more money in for another turn. And it wasn’t long after this that RFP suddenly started having ‘Problems…’ with their payouts.

The list of reasons were bloody interesting actually. I think the first excuse was that their bank account froze their funds because of the massive movement of money out of international bookmakers - it flagged money laundering concerns. The bank supposedly froze their funds, and RFP had no option but to wait for the banks to resolve their concerns. Apparently the bank would hold the funds for 6 months before releasing them again. Yeah right, as if Banks have the right to just take money from their customers and hold them for arbitrary periods of time, just because they want to. Apparently RFP could do nothing about it, and had to swallow it - I mean, the members who were owed money had to swallow it.

Some time after that 6 month period passed, still no pool pay outs. I think it was at about this time that the US passed the safe ports act, and Neteller found itself in trouble with the USA. It was being investigated by the FBI, and it did actually have a lot of its funds frozen. RFP jumped straight onto this band wagon and started claiming that this was the new reason they couldn’t make payouts now - their money was trapped in Neteller by the US government. There was nothing they could do about it! Everyone would just have to keep on waiting. No mention was made of the previous ‘money frozen in bank accounts’ excuse of course…

At this stage over a year had passed since they had stopped making any sort of payment from their members only trading pool, and I had, like most other people no doubt, completely lost interest. I had stopped using SureBetPro many many months before hand (it had lost any competitive edge it may have once held, and I found other software better and cheaper on the market), and so RFP was of no interest to me. I’m sure there were a few other headline worthy excuses for why their members own trading pool money couldn’t be paid to those members - I wouldn’t be surprised if the current standing excuse was because the bank they had the money frozen in has just collapsed under the credit crunch and all of the money has been lost!

So anyway, for all of this time SBP has continued to be on the alert service listing page because it has continued to provide an arbitrage alert service. The dodgy operations of RFP have given me cause to warn people away from RFP and SBP for a couple of years now, but the alert service has continued working regardless - just without any sign of improvement, upgrade, or clearing of old junk (the damn software still has a filter in it for pointbet and several other LONG deceased bookmakers).

In the last couple of months though, it seems RFP has finally left us for good. A couple of people have contacted me letting me know that they can’t get on the RFP website. If you follow the link from the alert services it takes you to a default Apache page, and this has been the case with every other SBP link i can find online. However, if you go to http://www.riskfreeprofit.com, the website does still seem to be there. Historically, you can only register with RFP through a referral. Maybe RFP have simply cut off all of the old referral links but are still operating, but I’m not willing to try to register to find out

Whatever the actual case though, this is a long winding sad story of people losing money to a greedy company - like so many other stories on the internet.

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Arbitrage Scam Websites Targetted in Australian Crackdown

Posted by Aegist on September 23rd, 2008

The Sydney Morning Herald ran a story today (below) about the investigation being conducted by the Australian Competition and Consumer Commission (ACCC) into Australian websites making ‘too good to be true’ claims. Arbitrage Betting investment schemes, and the over-promising over-priced Arbitrage software companies were mentioned in the investigation, alongside other regular scams like anti-ageing rip offs, other get rich quick schemes, expensive ‘free’ mobile phone services, and genealogy rip offs.

No companies being investigated will be named until after the ACCC finds the company is in breach of trade practices - I look forward to seeing numerous companies which we have discovered and posted about here on SAG being named by the ACCC.

The full SMH article can be read here:

http://www.smh.com.au/news/biztech/watchdog-eyes-140-scam-websites/2008/09/23/1221935618431.html

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Alert Super Comparison - SBP, SP, NV, JT, AE

Posted by Aegist on February 9th, 2007

It is very hard to do anything else when you have 5 different alert services running at once, and very few if any filters on any of them. Just for the record.

Particularly when the Friday night NBA and NCAA games are all about to start. I get 3 or 4 alerts a minute. As great as that sounds, remember, I have no filters on, so it is only great if I have money in all of those bookmakers…which of course I don’t.

But regardless of this, the objective here is to simply compare many services at once. I have Nickel Vacuum, Sports Punter, ArbExpert, SureBetPro and Juice Trading all running at once, and I am just trying to get a feel for how each performs. And a few things stick out. Of the new services, ArbExpert is the only one which is really performing at this time. In fact, I dare say that it is even out performing the two longstanding arb services (SportsPunter and SBP). SBP seems to consistently have the longest list of arbs, with ArbExpert and Sports Punter on pretty even ground for second. Nicke Vacuum continues to only ever have one or two arbs at a time, usually low returns and more often than not with BetFair. Juice Trading did manage to find one arb during the basketball peak hour amongst the few bookmakers I used with them (they only have 9 to select from, and I don’t use all of them. If youdon’t have an account with the bookmaker, then Juice Trading can’t collect the odds for that bookmaker), but until they fix that european and american odds mismatch, their service is very very limited in its application.

Meanwhile, the usage of each alert service is very distinctive and most worthy of mention. ArbExpert and SportsPunter stand out as the best options in this regard too. What both of these services do which most don’t, is they clearly display the extra details which are often important to know with an arb. That is, you can see at a glance 1. The age of the arb, 2. How long until the arb is played out. Every alert service displays the Arb percentage, and they all with varying degrees of accuracy display the sport, country, and league the event is taking place in (although again, ArbExpert displays this most clearly because it displays the actual location for EACH bookmaker, not simply one single general heading). SBP has always irritated me in this regard. They have the most awkward display, everyone who uses it has surely thought exactly the same thing, and I have no idea why they haven’t fixed it…they make it actually difficult to figure out where the sport is being played and what league or tournament it is in. This is the sort of information you NEED to know in order to place your arb quickly!

With all of that said, I know for a fact that both Juice Trading and Nickel Vacuum are targetting their service at beginners at this stage. They are both focussing on simple sports, simple bet types, and focus on arbs which are in essence very hard to make a mistake on. And also, they are starting small and building up, hence the fewer arbs. It is definitely something worth noting about alert services, and something which I probably need to incorporate into the basic summary of each alert service on SAG; a rating system to indicate arbitrage experience required to safely use a system. SportsPunter is currently right up my list of favourite services, but the truth is, you wouldn’t want to start out with SportsPunter if you are just starting in arbitrage. They often find error arbs which you need experience to identify, and they find confusing bet type arbs, for instance they find “Home asian - Away - Draw” arbs (try doing the maths on them!!). ArbExpert seems to be much more reliable than SportsPunter in this regard, so again I guess that means ArbExpert is right up there. As usual, it looks like you need to pay for the highest quality.

ArbExpert - £100/month
SportsPunter - $75/month
SureBetPro - $139/month
Nickel Vacuum - $50/month
Juice Trading - $99 Once Off

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News from RFP on Nov.05.2006

Posted by Aegist on November 5th, 2006

Hi Friends

Our support team has done a tremendous job to get the new call-back registration process implemented as fast as possible and once again has put in the extra hours needed to make sure that RFP has the required services available as soon as possible.

 

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Network
news from the field!

To help with the verification process, some of our leaders have taken on the responsibility of having their own private verification pages for known members of their group. This has been working very successfully with some tremendous growth again in the network this last week.
ATM/Debit Cards

We hear that most of the members who have sent in their ATM card registration papers have now received their card. Those who have not yet received it, please make sure that your registration papers have been sent and received by IGX. The IGX mailbox should be big enough to handle the big wave of applications but if you have waited a long time, it wont hurt to make sure that it has been accepted.

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SureBetPro

We suggest you run the SureBetPro software for a few hours one day soon. NBA, the national Basketball season kicked in fully this week and resulted in an explosion in available arbitrages. There were more than 800 arbitrages at the same time and quite a few of them were up to 7%.

 

So, if you have not started trading yet, download and study our comprehensive user manual, go to the live training sessions and get into action. This profession is extremely profitable and when you consider the long-term effects of compounding your profits, it is close to magic! You can make an extremely good income if you are patient and grow your portfolio step-by-step.
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Sports

Tennis - the main tennis season is nearing its end but quite a few smaller tournaments (a.k.a challenger) will still be played weekly.
 

American Football - is in full activity now and is producing a steady flow of good arbitrages.
 

Hockey - is rocking again and makes a good supplement to our existing arb providers.
 

Soccer - keeps on surprising with a very good arb production.
 

Basketball - has started and is in full production but it might be a little up and down while our tech team are fine tuning the sport in the software.  
 

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Success Stories

Thanks for a fantastic program with great earning potential! I am looking into sports arbitrage as a very interesting profession. Who could think of this - it’s a billion dollar market that actually has been there in front of us for decades and we didn’t know it even existed! Amazing! I am really looking forward to it!

Regards
Karl
Norway
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In Closing!

Many members have asked us how long we will be around as they are so used to fly-by-night companies that disappear almost as soon as they appear? What makes RFP different from those companies?

When we started RFP, close to a million dollars was invested into doing the research, system development, programming and endless quality control and upgrades. We also went through 3 phases before we collected payments for the software. We made sure that the software worked 100% before we actually started the �leasing agreement.

We have experienced challenges with payment gateways, banks, server facilities as well as numerous other challenges. However, we have always come through these set-backs stronger than before.

Business online is not too different from business offline, even though the banks and payment issues are a little more complicated online, especially since US started their crusade towards online business. There are ups and downs in any kind of business and it takes a strong back to handle the setbacks, which we have done and also learned a lot in the process. This has made us become stronger and stronger and we are ready to meet new challenges should they arise, although we hope they don’t.

We trust this answers the question. We did not invest all that money and time or survive the rough times to become another statistic. We have a phenomenal product that we are constantly enhancing and with your assistance, we are offering it to the world. We are very proud to say that we have a wonderful group of leaders who have stuck with us and although they are reaping some great rewards now, these are nothing to what is to come in the future. Share our wonderful concept with everyone who wants a better life than they have now. The world is your oyster - the rewards are very real.

Choose to be a WINNER with RFP!

Best Regards
RFP Management Team

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RFP NEWS - 22.10.2006,Volume 85

Posted by Aegist on October 22nd, 2006

keeping you up-to-date on what’s going on in all departments of RFP. Keep yourself ahead of the game!

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Hi Friends

A new hectic week has passed, where we have streamlined the support function and call centre and we are growing well, despite some initial teething problems with it. This new feature should start working 24/7 from next week onwards. It is a little extra step for your new member to take. However, it is a big insurance measure that we have taken in order to prevent more fraudulent loss of funds and consequent hassle with the banks.

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Network news from the field!

We know that our lucrative kick start bonus was a magnet for the fraudulent activity and yet we didn’t want to remove it altogether, as it really rewards those who are doing the sponsoring. The combination of splitting this bonus into 3 separate payments and the step for new members to verify their credit cards, should make the fraudsters think twice. One wonders why they wouldn’t put their ingenuity into building a legitimate business that can give them huge long-term residual income Debit Cards We know that many of you have your new cards already and we have asked IGX to treat the rest of you who are due to receive your cards as very high priority. We know that a batch of 1000 cards were sent out the last week and more are on the way.

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SureBetPro

We are in a very good period with a lot of activity in the arb market. All interesting sports are in full activity and we have a very steady flow of very good arbitrages available mostly 24/7 in American Football, Soccer, Baseball and Tennis. From next week on, we will upgrade with Hockey, which will be NHL first but soon we also expect to deliver European Hockey.

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Sports

Tennis. 6 tournaments should provide a very high production of tennis arbs this coming week.

American Football. This is one of the best arb sources now in full swing.

Baseball. Soon closing in for the season but keeps delivering to the end.

Soccer. Now in full steam all over Europe and will keep delivering mostly towards the weekends.

Hockey NHL. Should be a very interesting addition and is known to be a very good arb provider.

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Success Stories

As a relative newcomer to this fascinating world of sports arbitrage, I greatly appreciate learning from experienced players such as Nick and Kevin. I have tried a lot of different ways to make a living online but this is the first time I have literally been able to look over somebody shoulder that was actually doing the business and learn from them. With a lot of programs, once you join, it is up to you to figure it out and should you have questions you have no place to turn. Granted, there is a lot of great information in the RFP back office but there is a difference between book learning and the real world. Nick and Kevin have been there and done that in this industry. Whenever I have questions I know were to turn. I have yet to ask a question that they did not have an answer to.

Thanks, Nick and Kevin

Shad

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In Closing!

We sincerely believe that RFP has one of the best opportunities for earning online today and we are committed to building a successful company. This means we are also committed to YOUR success.

Of course, although we provide the vehicle, it also requires at least some effort on your part for this to happen! Many people in a JOB would prefer to work for themselves but may not see network marketing as an alternative and look at starting up a business or purchasing an established business or a franchise.

• Have you ever had a traditional business?
• If so How much money did it require for you to set up or purchase the business?
• Tens of thousands of dollars or even more?
• How much money does it require to run it?
• How much time did you need to put into it on a daily basis?
• Did you have to work evenings and weekends?
• Did you have to employ staff?
• How good was that?
• Did you train your staff only to have them leave to join someone else or set themselves up in competition to you?
• How long did it take you to be in profit? Two years? More?
• Were you ever able to take a holiday?
• Were you able to build up a business where you could earn TRUE residual income, meaning that whether you went to work or not, the money would keep on coming in?

If you have never had a traditional business, do you know people who have? Think about what their answers would be to the questions above! Now let’s take a look at network marketing and RFP.

• Does it cost an arm and a leg to purchase the business? No, NOTHING!
• How much money does it cost to run on a monthly basis? US$139 per month plus the cost of some phone calls and maybe some petrol if you go to see someone. Traders can start off with as little as US$500-1000. (Your computer and Internet connection are things you would probably have anyway.)
• How much time do you need to put into it on a daily basis? You work hours that suit YOU. You can work smart rather than hard The more successful you want to be, the more time you will put into it to build a solid foundation to your business.
• Do you have to work evenings and weekends? That is up to you. You can pick the days you work and the time of day you work. You to not have to make sure your books are done at the end of each day! In network marketing, it is the company that has to worry about the accounting. Our tradering members have access to the ArbManager software that simplifies their accounting.
• Do you have to employ staff? NO! You work with your team members, who are all the CEO of their own business. You focus on helping them to success and your success is assured.
• How long does it take you to be in profit? You can start to earn income from Day 1 and be paid in as little as 10 days -17 days later. From then it is possible to earn on a weekly basis and be in profit.
• Can you take a holiday? Because RFP is a global business, you can not only take a holiday but combine it with building your business. Do that and ask your accountant about your trip being tax deductible along with all the other things that are tax deductible because you have your own business!
• Are you able to build up a business where you could earn TRUE residual income, meaning that whether you worked or not, the money would keep on coming in? You sure can! There are people in RFP who have already done that over the last 2 years or so. The key is to build a solid foundation to your business. Just like traditional business, this doesn’t happen overnight. The difference is that by the time someone in traditional business might just be starting to make a small profit, someone committed to building their RFP network marketing business could be making a very healthy RESIDUAL income. In fact, there is NO LIMIT to the amount of residual income that can be earned. How much residual income would you like to be earning in 2-5 years time? Write it down and GO FOR IT! How many people can you show RFP to this week? Power point and PDF presentations are available in your back office under promotional tools. These tools, along with your RFP website will help you explain our wonderful concept.

 To your success!

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