Another Arbitrage Wagering Pool

I have been evaluating this program for about a month now, and have decided to take the plunge with a test spend of $50.

Although I am convinced that the business model is sound, there are a few peculiarities about this program that intrigue me. These are things that you, as a potential investor, need to be made aware of.

Firstly, deposits here are only current for 6 weeks (42 days). Principal is not returned at the maturity date. For this reason, it is essential to understand compounding interest.

With a projected average daily earning of 2.1% (7 days/week) you will be sorely disappointed if you fail to select a high compounding rate. 100% is recommended.
Without compounding your return would be just $88.20 from a $100 investment! Remember, your principal is not returned. Why SportArbs allows this option is beyond me.

So, set compounding at 100% and the results are quite reasonable. According to their calculator on site, which works on the last 42 days actual return, $100 would gross a return of $137.64. Subtract your principal and you have a net profit of 37%+ in six weeks, which is certainly better than my bank!

This is a similar return to what GNI offers, and I feel is an option worth considering to diversify your protfolio. Feel free to open a no-obligation account, and perhaps make a deposit when you are familiar with the system.

SportArbs International Corp.

Update on SportArbs- Aug 18.

Some major web upgrades were implemented this week, mostly related to increased member security. This sort of thing helps boost my confidence in the legitimacy of the program.

Also changes to the referral system, which is now simply one level, a change from the previous 3. Another good move! A new plan is also being introduced, where investors can lodge funds for 210 days, an addition to the current 42 day plan. A higher percentage is offered, depending on the amount invested. Definitely worth a second look.

Current Program One

The first program I wish to evaluate is GoldNuggetInvest.

This is the only program I have committed what I consider serious funds to. By that I mean over $1000us. I have probably spent way more than that over the years as my path to wisdom slowly progressed! More on those programs in another post.

I will expand on the 8 qualifying points I mentioned in my previous post, as I reveal to you why I have spent funds to this one.

1) Is the business model viable.

GoldNuggetInvest uses member funds to finance their arbitrage wagering activities. I won't elaborate on how that works here, as full details are available on their website. Suffice to say, arbitrage wagering brings a guaranteed profit from every transaction. It is a legit activity, and although profits are derived from betting, arbitrage is certianly not gambling! Confused? Their website explains it all.

2) Are the returns realistic, considering the business model used.

The team at GoldNuggetInvest complete 250-300 arbitrage wagers weekly. On average 2-5% is realised on each one. A 6% weekly return to members is therefore quite achieveable.

3) Is it sustainable long-term.

While ever there are bookmakers taking bets on sports events and such, arbitrage opportunities will abound. Can't see that ending anytime soon.

4) Is the company itself legitimate.

I did a little research on this one, rather than simply relying on information from the website. A domain whois lookup confirms their online status. The fact that they recently made bank wire a deposit option further reinforces their credibilty. Not an iron-clad guarantee, I know. But I would not have sent the funds I did via an online payment processor. At least I can track where my funds ended up, should something go wrong here.

5) What is the risk-reward ratio.

To me, this simply means how long are my funds committed before I can recoup my investment, thus making the program "zero-risk".
To fully recover capital via interest earned takes just 17 weeks, without compounding.
Should you deposit sufficient funds so that your weekly interest is $50 or more, you can redeposit it into the program, thus compounding your returns. Capital would be earned back in approximately 14 weeks using this strategy.
Notwithstanding the above, your capital can be withdrawn after just 30 days participation. Interest payments are available for withdrawal weekly, subject to minimums, which varies according to deposit method used. For bank wire, min withdrawal is $100us.

6) Is it truly passive, or is some participation required.

No action is required of members apart from monitoring your account and deciding what to do with your weekly interest payment. Referring new members is optional, and a small commission is awarded when a referred member makes a deposit.

7) Are deposited funds safe.

This is a difficult one to ascertain for any online program. So far, so good! I will comment more after effecting a successful withdrawal.

8) What is the procedure for participation (deposit/withdraw options).

The company accepts funds from a variety of online payment processors, including Liberty Reserve, SolidTrustPay and StrictPay. As mentioned earlier, bank wire is also now an option. Whichever method used for deposits, must also be used for withdrawals. They do not operate as a currency exchanger between payment processors.

In summary, this program satisfies all my requirements for a truly passive income. My bank currently offers 4%pa. 6% weekly is a much better alternative!

Please visit the website to get a full understanding of how arbitrage wagering produces these results, and how you can benefit from this exciting activity.

GoldNuggetInvest

The Lazy Marketer

Basically, I am a bit lazy when it comes to marketing online.......or is it just that I get totally overwhelmed by the myriad of options available to market with. Either way, I have now turned my attention to what I call passive income programs.

A truly passive program is one that requires no input from me in the running of the business to generate an income. A typical example would be your local bank. You simply make a deposit, and collect your reward of a small amount of interest (taxable!) minus fees, at the end of the deposit period.

There are many programs online that operate the same basic principle, but offer a far greater return than any bank will ever offer. Those programs are the focus of my research at this time, and any that I am participating in are listed under "current programs" on this blog. I will post regular updates detailing my progress in each one, especially concerning successful withdrawals!

Feel free to subscribe to my blog so as not to miss any exciting updates.