Tag Archives: lay betting scam

Exelon Group

14/2/2018: Major breakthrough!



Seems there is a new group operating that bears an uncanny resemblance to the Laybet Professionals scam ( which then became Charterhurst Agencies)

They sound like they’re peddling the same or very similar software, laying horses on Betfair to win ‘90% of the time’. Exelon Group are even at the same address as Laybet Professionals used to be, 128 Bundall Rd, Bundall , the notorious old Coast scammer hotspot.
Update: now they have an address in Varsity Lakes, but it is just a mailbox.

The two (alleged) principals of the Laybet Professionals and Charterhurst Agencies scams are now facing court,

The following comment appears on Aussie Criminals:

“Scam Alert | Aussie Criminals and Crooks

Thanks Mike,they ( Exelon Group) run me past a demo weeks back and the main trader attached my betfair account to his system that he uses over 2 days trading. it actually turned over $200 profit for me & i asked if i could speak to a client (even though they could give me a fake person ) that bought a system and has had it for a while to see how they were going with it .but said he couldn’t give any contacts out as per the client priviliges or protection law or whatever ? was reluctant to let me contact anyone, but said we could come in to the office any time to meet. He said they were attached to an IT financial company under a umbrella corporation …if i have that right ! So not sure !!”

Sounds like the typical kind of excuses/spiel from scammers.

December: we are starting to get reports now from people ‘investing’ with them. Accounts are losing money and what’s more, are designed to lose and then the client gets the upsell for the ‘improved’ version.
Have also heard of them weaseling their way out of the 10 day cooling off period obligations, refusing to honour it and refund payments.
These are exactly the same tactics that Charterhurst and Laybet Professionals used.

Update 27/1/17: This just in from the Brisbane Times:


We suggest exercising a HIGH degree of caution in dealing with Exelon.
Be wary of signing contracts with a 10 day cooling off period. The previous iterations of this company are notorious for not honouring them.

If you’ve had any experience dealing with them please get in touch with us!

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


*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.



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!


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