Tag Archives: laybet scam

Trading Capital Partners

Trading Capital Partners , tradingcapitalpartners.com

This group run out of Melbourne, supposedly. The webiste is pretty light on for information, suggesting that it is a work-at-home scheme, managed risk and working with Options.

trading capital partners BS

Lots of fancy talk about what they do..but what they really do is……well, I can tell you after getting the sales pitch and contract that once again it is trading/betting in horse racing, although in the brochure they call it profit sharing with a large Australian corporate bookmaker. In the contrcat they call it lay trading. They reckon they have a 98% success rate and can make you a squillion (2.1% a DAY tax free) for your small investment in a licence of $9,999 (starter pack. Others go up to $49,999 ) Of course, licences are limited ( though they’re still trying to sell them two months later ).

continue reading here

Goldencove Inc

Thanks to one of our readers, we have been alerted to this one: Goldencove , Golden Cove Inc, goldencoveinc.com

The website features pictures of luxury holidays and smiling, attractive people, while talking about how they will help implement your wealth creation so you can spend more time doing the things you love.

They say that every genuine enquirer will have the product explained to them fully, and that every staff member has high knowledge about the product. Why then, when I asked to have what they do explained to me, did the guy keep diverting the conversation to having a live ‘free’ trial? And why didn’t he know what the average odds of their selected investments were?

They go on about how they do Leverage Trading, as if they invest short term in equities, when the fact is that they are primarily doing lay trading in the horse racing industry. Talk about deceptive !

Keep reading here

Welcome

Welcome to Aussie Scam Alert.

Here we try to expose scams operating mainly in Australia, but also some overseas ones targeting Australians. Not every business reviewed here is a scam. Some will be fine but are so closely associated with areas of mistrust that we feel it is in the public interest to review them. Please read our Watchlist if you can’t find what you are looking for on any of the other pages. The one you are looking for may be on our radar as one to watch out for. We can always do with information about any of the scams covered here, and also any ones that we have not heard about. Please help keep others safe.

All views expressed are opinion, presented in the general interest of the public. You should always do your own investigation and consideration of all facts and testimonials. If you would like to know about Why we operate, please read our About page.

We’ll leave you with wise words from ‘The Richest Man in Babylon’ . Take note of No.5 !

The Five Laws of Gold

1.Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.

4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

5. Gold flees the man who would force it to impossible earning or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Laybets

*Update 16/8/13 at end of post..

I got a call from a company calling themselves Laybets, under the website www.laybets.com.au

They offered to give me a free two week trial of te service where they send out sms alerts of the laybet selections being bet in the races.  Seemed to start out ok. The selections come on Wednesdays and Saturdays. All the ones on Wednesday were successful lays. The SMS alerts were pretty co-incidental to the race times and if I checked quickly online the result still wasnt displayed on any bookamker site as the result was still provisional. So the selections seemed good..but what was really going on..?

I wanted to check just how close to the start or finish of the race the alerts were coming, so I started to check using a program that I have for placing bets via Betfair. It is called Gruss software.

bf 1

It gives virtually, to the second, live prices on the Betfair exchange. Theres a countdown to race start time and then the Race code turns green when the start gates open and the race starts.

bf 2

On Saturday I started to monitor the races live. Not every race has a selection, and my theory was that they wiat until a favourite loses a race and hen shoot out the sms just as the race finishes, but before the results are up. Sure enough, I followed a race where the favourite lost ( I can see that instantly on the Gruss software because the live betting odds start to blow out as the horsestarts to have no chance of winning. The sms came through seconds after the race finished. This happened not just once, but several times, whenever a favourite, or sometimes a shortly priced second favourite lost. Too often to be just late sms delivery, given that it was always seconds after the race finish and considering that the races are all different lengths of time .

There was one race however where the sms came through a couple of minutes before the race. The horse in question here was a favourite at about $2.00.  It duly lost, but I am thinking that they would occasionally put in an early selection at a short price. If it lost, all good and it looks like another success, plus they can boast that it was posted before race time. If it is unsuccessful, then it is only a minor loss, amd of course, you cant win all the time is what they will say, and what any reasonable punter would expect too.

I havent received the sales phone call yet, and will update when I have..

Steer clear of this one. You have been warned (advised) !!

Update 12/8/13

I again received text alerts for the lay selections on saturday and was able to be at the computer to monitor the times they were sent. As usual, most of the came through just after the races ended, along with another successful selection of course. There were three that came through before the race started..two were successful and one was a loss.

I managed to take screenshots right as the race ended, as shown by the word, suspended, being flashed on the screen. Also took photos showing the time the texts came through for these races. See examples below.

fle4b

fle4c

It is a variation of the scam called past-posting. Here is a clip from that seventies classic The Sting where they reveal the scam. The whole film is well worth a watch!


16/8/13

So, I have now had my sales call from Laybets…

I questioned them about the texts arriving after the races finished and they said that is because they are sending out about 700 texts at a time. They could not explain how the texts uncannily arrived 10 to 15 seconds after the race finish….given the supposed random nature of their sms server.   The guy is getting back to me after he speaks to their IT person, regarding time stamps of their sms sendings. We will see. Not holding my breath.

Next he was telling me how they have a pool of 5 million dollars that they have for their laying..and they use 12 offshore bookmakers. I asked them who those bookmakers were, but he could not, would not tell me..but assured me he would send an email with them listed. Still waiting…

Also he mentioned that they know which horses to lay because they watch the money coming through on their bookmaking platform and they KNOW which money is the punters, the professionals, the Jockeys..blah, blah, blah.  I asked him how they knew which was the jockeys money. He said they just know. I kept asking. He kept saying they just know.

Also, Topazair Pty Ltd that they have listed in their contact details was listed by ASIC as being proposed for deregistration in October 2013. Why?

Opinion: Scam

Laybet professionals

**Also running under the name LayTrade Professionals and using software called  Ultimate Lay Trader. Also Laybet Traders.

* 21/04/2014 They may have morphed into, or set up a subsidiary as Universal Trading Solutions. Be very wary!

( comments can be seen by clicking on ‘replies’ above )

This is one of the shadiest operations around.

Laybetprofessionals.com.au  / laybet.com.au  / laytraders.com.au    Naturally, they’re based on the Gold Coast.  Update: I see now they also come up on www.laybet.com.au

laybet

Always be wary when you see people without a care in the world..!

They offer to supply you with a program that runs on the betting exchange Betfair, and on autopilot will bring you in profits all day, every day up to 30% a day. All for the measly sum of $15,000 for the Australian licence, or $25,000 to include the UK as well.

read the full report here