General Betting
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I have been reading about Ponzi schemes being set up relating to sports betting and have decided to go for it myself.
I require ten members by monday each investing £1000 each, the returns i am 'promising' will be 10% a month, no point in offering ridiculous returns or you might smell a rat, and you must keep your money invested for at least 6 months. Obviously when the six months are up i would prefer you to reinvest all your money, including returns, and tell all your friends about this fantastic investment opportunity. If you can persuade your friends/relatives/business aquaintances to 'invest' a total of £20,000 i'll give you a 2% sweetener. I do not have offices at this moment in time but after one month i should have a prestigious address in Mayfair and a personal chauffeur and after six months, hopefully, a personal jet. Get in early because you have far more chance of making money/at least getting your money back if you're one of the first on board.
I'll leave an e-mail address when i have my ten 'investors'.
I require ten members by monday each investing £1000 each, the returns i am 'promising' will be 10% a month, no point in offering ridiculous returns or you might smell a rat, and you must keep your money invested for at least 6 months. Obviously when the six months are up i would prefer you to reinvest all your money, including returns, and tell all your friends about this fantastic investment opportunity. If you can persuade your friends/relatives/business aquaintances to 'invest' a total of £20,000 i'll give you a 2% sweetener. I do not have offices at this moment in time but after one month i should have a prestigious address in Mayfair and a personal chauffeur and after six months, hopefully, a personal jet. Get in early because you have far more chance of making money/at least getting your money back if you're one of the first on board.
I'll leave an e-mail address when i have my ten 'investors'.
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Unfortunately not since i served three years for VAT fraud 
I'm sure that wont put you off though.
I'm sure that wont put you off though.
Nothing left to play with after investing al my capital in a Madoff Scheme.
I'm past the ten in personal messages already.
Looks like I'll have to aim for thirty by monday
Looks like I'll have to aim for thirty by monday
the only reason im on Betfair is because because its a Ponzi scheme,so i dont need another one ,thanks.
I'm aiming to make Allen Stanford look like a benefits scrounger
TI : Finally the Swedish market maker, which doesn't use client funds, but as they are a listed company, you can buy shares, which in effect make some of the money bet with yours.
Aren't they owned by Betfair? If not, why would BF give away that substantial revenue stream?
I became suspicious that BF were making the markets when the market making lumps started to disappear one second before every in-play suspension, like clockwork, so much so that I now know one second in advance when a suspension will occur.
Aren't they owned by Betfair? If not, why would BF give away that substantial revenue stream?
I became suspicious that BF were making the markets when the market making lumps started to disappear one second before every in-play suspension, like clockwork, so much so that I now know one second in advance when a suspension will occur.
No Investor, I'm not talking about people cancelling their bets, I'm talking about the main bot market making football lumps that disappear exactly one second before all suspensions. You may not have noticed it if you're not using the API with a sub one second auto refresh.
I would not be at all surprised if BF aren't the major share holder of the Swedish outfit.
I would not be at all surprised if BF aren't the major share holder of the Swedish outfit.
Yes Trevh, weird! It's gone. I've done quite a lot of research into betting promotion, so I know bf don't have a stake. As it is a publicly traded company, you can find out who the major shareholders are, although you need to sift through Swedish info and put it in google translate.
They seem to be in decline though, as their profits are down every year since 2006.
They seem to be in decline though, as their profits are down every year since 2006.
The lumpy bets dissappearing 1 second before the suspend don't surprise me that much though. I still think it is done by pressing a button when a goal goes in. Betfair usually have fast feeds so the situation like today where I was way ahead is rare. About 1 second ahead is probably quite average.
Betting promotion have people monitoring markets, so perhaps one of their instructions is to cancel all bets when a goal is scored, or is verly likely to be scored.
Betting promotion have people monitoring markets, so perhaps one of their instructions is to cancel all bets when a goal is scored, or is verly likely to be scored.
Could be a bloke at the game market making using speed of light pictures
Nah, it's triggered by and connected to BF's suspend. Like clockwork, main MMB lumps will disappear exactly and consistently one second before every suspension, not 1.5 seconds or 0.5 seconds, nothing random about it, and never missed.
What's going on here.
A LITTLE-KNOWN Swedish company turned over nearly pounds 500 million on betting exchanges, including Betfair and ****, in the first six months of 2008.
Stockholm-based Betting Promotion Ltd, which describes itself as a "market maker" who "puts up prices on markets so that customers always have plenty of opportunities", turned over more than pounds 498m in the period from January to June 2008, showing an operating profit Operating profit of around pounds 558,000.
Listed on Sweden's Nordic Growth Market, Betting Promotion, licensed by the Malta Lotteries and Gaming Authority, has been trading since April 2003, having started development work in June of the previous year.
Do they still operate on ****?
A LITTLE-KNOWN Swedish company turned over nearly pounds 500 million on betting exchanges, including Betfair and ****, in the first six months of 2008.
Stockholm-based Betting Promotion Ltd, which describes itself as a "market maker" who "puts up prices on markets so that customers always have plenty of opportunities", turned over more than pounds 498m in the period from January to June 2008, showing an operating profit Operating profit of around pounds 558,000.
Listed on Sweden's Nordic Growth Market, Betting Promotion, licensed by the Malta Lotteries and Gaming Authority, has been trading since April 2003, having started development work in June of the previous year.
Do they still operate on ****?
Yes they do buzzer.
Trevh, if that is correct, it does sound strange. It can only be Betfair. Perhaps cross matching is turned off one second prior to the suspend or something. If it is exactly one second every time, there is definitely some explaining to be done, but I have not heard this mentioned before.
Trevh, if that is correct, it does sound strange. It can only be Betfair. Perhaps cross matching is turned off one second prior to the suspend or something. If it is exactly one second every time, there is definitely some explaining to be done, but I have not heard this mentioned before.
Here are some figures for Betting Promotion in GPB using 10.806 as the exchange rate from Swedish Krona.
BETTING TURNOVER (£ millions)
2007 2008 2009 2010
Total 992.8 975.7 760.5 781.7
Net Betting Profit (£ millions)
2007 2008 2009 2010
Total 6.64 5.41 4.06 3.69
OPERATING INCOME (£ Millions)
2007 2008 2009 2010
Total 4.99 3.3 1.75 1.25
BETTING TURNOVER (£ millions)
2007 2008 2009 2010
Total 992.8 975.7 760.5 781.7
Net Betting Profit (£ millions)
2007 2008 2009 2010
Total 6.64 5.41 4.06 3.69
OPERATING INCOME (£ Millions)
2007 2008 2009 2010
Total 4.99 3.3 1.75 1.25
the dropping profits purely down to less liquidity in their main operating leagues would you say?
Yes Investor it does sound strange, I'm surprised more users haven't noticed, but you need to be watching the markets with a sub 1 second auto refresh, then it's absolutely unmistakably clear.
Buzzer, I would imagine there are now more punters jumping in front of their* money (*large MMB money) and taking a small slice of the action more so than in previous years. The opportunities are there to undercut them in a big way for someone who is bot minded and enthusiastic! Some of their spreads really take the piss, hence their profits.
Buzzer, I would imagine there are now more punters jumping in front of their* money (*large MMB money) and taking a small slice of the action more so than in previous years. The opportunities are there to undercut them in a big way for someone who is bot minded and enthusiastic! Some of their spreads really take the piss, hence their profits.
Yeah agree with Trevh. More competition from smaller operators, nipping away at their profit margins all over the place.
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