SportArb — Review, Part 1

This is  SCAM project already! Do not invest there anymore!

SportArb, based in England, officially went online on January 29. As the name of the company implies, they are involved with “arbitrage betting.” For those of you who are not familiar with arbitrage betting, there is a wonderful, non-complex, overview of it on the SportArb home page. Most commonly, this type of betting is applied to sports events because they occur on a very regular basis. People are constantly placing bets with book makers (bookies) who typically offer slightly differing odds as to who the winner and loser of an event might be. By carefully considering these differing odds and by betting certain amounts of money with different bookies on both outcomes of the event, it is possible to make money no matter what the outcome of the event is. Most commonly, this is called a “sure-bet.” Sounds simple? Not really. A little bit of math is involved and timing is of the utmost importance as the odds offered by different bookies can change at any time. Furthermore, you might have to bet a sizeable amount of money in order to make a significant profit — one worth the trouble of going through all this. All this is the reason for SportArb…

I have a fairly decent technical background and can appreciate the complexity of making all this doable (and have long been fascinated by the concept of a “sure-bet”). Based on a review of the SportArb website, it appears that the company has everything in order; I don’t see any “red flags” that indicate the project is a fiction. As you know, this is highly unusual in the HYIP business! According to SportArb, the reason they have brought this business online is related to what I indicated above: the more funds you have to work with, the more sensible (profitable) arbitrage betting becomes. A logical reason.

In general, I am very impressed by the clarity and completeness of the SportArb website. When reviewing the typical HYIP, I have to hunt for the information I am looking for or I have to struggle to understand the presentation of an investment program. With SportArb, it truly appeared to me that nothing was missing — and everything was presented in a most understandable way. Very rare, indeed…

Well, all this said, let’s take a look at the SportArb investment programs. That’s the main thing. Right? This information is on the “Investment Portfolio” page. You can get to this page in a number of ways, one of which is to hit the “Portfolio” button on the lower left of the “Home” page. SportArb has six investment programs. They each pay different interest rates and run for different periods of time. The larger the investment, the larger the interest. In a way, the time period isn’t too important as you can withdraw your principal at any time — although there will be a 25% penalty for doing so. Not a bad deal, in case something comes up and you need the cash back right away. Here is the info on the different investment programs:

• Beginner. $25 – $499. 60% of SportArb daily profit. Expires at 30 calendar days.
• Starter. $500 – $999. 65% of SportArb daily profit. Expires at 45 calendar days.
• Basic. $1,000 – $2,499. 70% of SportArb daily profit. Expires at 60 calendar days.
• Advanced. $2,500 – $4,999. 75% of SportArb daily profit. Expires at 75 calendar days.
• Expert. $5,000 – $24,999. 80% of SportArb daily profit. Expires at 90 calendar days.
• Partner. $25,000 – $100,000. 90% of SportArb daily profit. Expires at 120 days.

For example, if you have active investment of $1,000, you would qualify for the “Basic” plan and your share of the SportArb daily profit would be 70%. If SportArb has a profit of 2% on that day, you will earn 1.4% (.70 x 2) of your investment on that day. For the case of your $1,000 investment, that would come to $14 (.014 x 1,000). Since the earnings of SportArb change a little every day, your earnings would likewise change.

It is also possible to use compounding to further increase your investment. You can compound in intervals of 10%. So, you can have 10%, 20%, etc. all the way up to 100% compounding. On the “About” page of the SportArb website, there is a very neat “Profit Calculator” that shows how compounding will grow your investment on a daily basis for the entire investment period. It is very educational to play around with this to learn how different compounding rates will affect your earnings.

There is still a lot more to say about SportArb. But, I hope that this background and description of the SportArb investment plans will be enough to get you interested in what appears to be a very exciting new program. Please standby by until tomorrow when Part 2 of this review will be posted.