Risk Free Profit? (RFP)

[aegist]

As impractical as it does sound, it is still working. I'm trading regularly and making reasonable profits from it (details http://www.*******************/index.php?showtopic=1897) which I hope I will be able to improve upon as I learn more.

Everything you said sounds completely right, but until the arbs stop being made, or the arbs start dissapearing before they can be placed, arbitrage will continue working. Even if there are thousands of people all placing the same bet at the same time, I dare say that at some bookmakers, this isn't abnormal. I get the impression some sportsbooks, like Pinnacle, take thousands of bets on all of their sports all the time... since they work on a small percentage of profit from each game they need to get massive volume in order to make reasonable profits. Arbitrage activities may stick out as a small spike on the graph of bets, but I really think they just change the odds as soon as their quota for that bet has been filled. Its not like it stops the arbs from happening or stops people from betting on them....you just have to be quick. Thats why software like SBP is an absolute necessity now. You used to be able to find arbs manually and bet on them (like 4 years ago) but now, you have to have instant notification and you have to be able to act immediately.

As long as you beat everyone else (or are in the first few thousand bettors anyway) then you get the arb. Simple.

Shane

[weddings]

Yeah, I agree with you, I arb every day too using that VHF software, but even companies like Ladbrokes (the largest bookmaker in the world) don't have massive limits and I can assure you that even 1000 people all trying to get $100 on (a very small amount when arbing) will cause them to cut the odds VERY quickly.

From what you, and others here, say I suspect that 99% of the people involved in Risk Free Profit aren't using the software at all, or they're doing it to very small stakes. I tried it months ago and I honestly didn't think it was a patch on the VHF method of arbing - that's giving me proper 10-20% arbs on a daily basis, without me having to fight with loads of other users, so I'm achieving a better return on investment with a higher number of quality arbs and using lower stakes.

Plus, I don't need a million betting accounts - only about a dozen or so.

You should check it out..... contact them and tell them about your website and they'll maybe set you with a trial, or possibly even a free copy. I've used both and I think it's well worth investigating.

- Les

[aegist]

OK, I'll do that. I always want to know what options are available...

You are probably right, 99% of the members of RFP probably aren't trading. I know that my friends upline and his upline aren't trading for sure. I also know that most of the people I talk to either 1. don't trade or 2. are just getting started (like I am). I half wonder if many of them are just getting started because so many people question whether it works or not, and so they feel they must start trading just to keep their matrix growing.

I don't have a problem with that, business is business. But when I found out about arb trading, I don't understand why you wouldn't give it a shot.

Anyway, I'll have a look into VHF, see what I can do with it.

Shane

[weddings]

Shane, I think it's probably to do with the fact that the majority of people have the "lottery mindset" where they want to win a million for a buck, rather than make a guaranteed buck for a million.

Okay, that was an extreme example, but you get what I mean. I do a lot of "laying" on Betfair too and that doesn't sit well with a lot of people either because you're generally risking more than you might win, but I find it a lot easier to find a 2/1 chance that should actually be 5/1 and then lay it, than finding a 5/1 chance that should be 2/1 and then backing it.

We're effectively operating in the same way as bookmakers, making a small but steady guaranteed return over a sequence of bets, but I think we'll always be the minority in that respect. I've got a friend who bets and every week he'll say to me "the 2/1 favourite should win this, but I've gone for the 5/1 second favourite". Eh??? He thinks the favourite will win, but he isn't going to win enough if it does so he'll back one he doesn't think will win.

Or, he will do the 2/1 favourite, but he'll stick it in a double with Trap 6 in the next greyhound race, so that he's getting "something decent" back.

Finding value is one thing, but it's this kind of mentality that makes punters poor and bookmakers rich :-)

- Les

[weddings]

I'm not involved with that company by the way. I've probably tried almost everything on the market and I just think it's a particularly good one, for my style of trading at least.

[tyland]

I got cheated by this company.

I paid the $139 and they didn't create my account at all (even though I provided proof of the transaction against my bank account). They just blew me off and they refuse to get back to me on the matter! What the hell kind of company is this!

I'm convinced they are a scam, and it cost me 139.

[dxl]

I think the biggest obstical if you live in the USA is the strict gambling laws. From what I understand it is extremely difficult o make moola in the USA trading yourself, that's probably why US users don't trade...

As soon as I told a reseller that I lived in the US they told me don't bother with the software.

[aegist]

It to some extent depends on your State dxl. I know plenty of people who trade out of the USA. You are limited by some bookmakers who wont accept USA citizens, but many still do. You still have plenty of options.

tyland: Thats very odd. I know of at least one person who even got their refund back when asked for it, I don't know why RFP would cheat anyone out of $139. Its not worth it. If you used your bank account, that implies to me that you used a credit card??? If so, you can tell the CC company to retract the transaction and bypass RFP altogether. Can you give me more details on exactly what happened, how did you pay, when did you pay, and how long before you tried to get a result for payment??

Weddings, you are completely right. People aren't interested in $50 per week for 5 or 6 bets like I am doing at the moment. Most want to 'hit the jackpot', thats what its all about. Ironically, my method is the one which will make money in the long run, theirs is the one which loses money. I know it, they know it...but they don't do anything about it.

The Lottery is just another tax for people who are bad at maths.

Shane

[aegist]

Hi All



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[tyland]

Originally Posted by aegist

tyland: Thats very odd. I know of at least one person who even got their refund back when asked for it, I don't know why RFP would cheat anyone out of $139. Its not worth it. If you used your bank account, that implies to me that you used a credit card??? If so, you can tell the CC company to retract the transaction and bypass RFP altogether. Can you give me more details on exactly what happened, how did you pay, when did you pay, and how long before you tried to get a result for payment??

Shane

Debit Card. 5 days ago bought subscribtion. Didn't get an account! Still don't have an account even after I provided proof of the transaction. RFP refuse to respond to my request of full refund due to no service provided on their part.

My bank cannot do anything yet because it is a check card hold right now. Once the transaction is posted in the official bank records, they can dispute the matter. But I doubt the bank will have any luck contacting them since RFP is not answering me or giving me back my money!

But why do you even give a ****? I'm just a stranger to you.