Gambling 'scam' sites targeting Victorians - Melbourne Age, 22nd October 2011
This article on Gambling 'scam' sites targeting Victorians was printed in the Melbourne Age on 22nd of October 2011. You can read the article at http://bit.ly/ocYIQd. For those of you who have read some of my previous writings on this very subject, would know only too well my dislike for such organisations. They give the rest of us a bad name.
I have this morning sent a response to the three companies mentioned in the Age. It's below. Let's see if I get a reply.
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From: Hayden Bradford [mailto:
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Sent: Saturday, 22 October 2011 12:57 PM
To: '
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Subject: Note from Hayden Bradford
Importance: High
Queensbury Investments, Advanced Technologies, Pro Trader technologies,
I read a great article in the Melbourne Age this morning (22nd Oct) involving your companies.
First off, I have a very strong background in Risk Management, Risk Analysis, Risk Mitigation, etc. This background has been gained from working in the specialist field of Risk at Senior Management level, and from academic studies (Masters Degree).
At various stages on each of your websites you state words like trading methods, risk analysis strategies, tax free money, etc for being able to pick winners in the horseracing game and other sporting arenas. When I was with Military Intelligence, we called such words hooks or carrots. Hooks or carrots are purely added into information to attract people’s attention.
There is and never has been a piece of computer software that allows you to apply risk analysis strategies to any form of investment, full stop. Risk analysis is subjective to many variables. Computer programs cannot assess risk as the programming code itself is too rigid in its approach to be able to accommodate the amount of variables that are required. subsequently, you cannot apply an effective risk mitigation strategy to neutralise or manage the known risks, by using a computer program.
When it comes to horseracing and other sporting events, a computer program has never been invented that will consistently predict winners. In horseracing some of the variables that you need to assess are: class, fitness, form, weight, distance barrier draw, runs since last start etc. And that’s just from a horses point of view. You also have to assess all of what I’ve just mentioned, plus more for each horse in the field. You then have to compare each horse against the other horses in the field and finally each horse against the class of the race. For example, an open handicap, or a Group 1. Big difference. No computer program can do this.
The other factor that you need in horseracing to stay in front is that you must adopt a business approach, think like an investor, lose the term gambling, and run your betting as you would run a serious business. For example, you must know when to take profits and when not too. You must know what percentage of those profits to reinvest back into your business, and what percentage of those profits to invest into real estate and the share market and other such investments. This is called compounding the profits. No computer program can do this.
Your hook or carrot reference tax free dollars is not correct. Before any winnings are paid out of any betting pool on any sporting event, the tax is removed first. In other words, betting pools are taxed, and then the payouts are made. It’s the law. The onus is on the totaliser board, the online betting company, the bookie or whoever to remove the tax component for the federal government and the state government prior to paying you. .
Check out my website sometime at www.racestrat.com.au. Have a read under the tab, Ramblings. I mention under that tab some information on computer based programs and successful investing in the Sport of Kings.
Besides, if your program was any good, then surely you would have already made your money from it, so why not give the program away for free. I offer all my horseracing selections for free. Why sell them? I don’t need other people’s money. I do OK out of the game. My selections are up on my website well and truly before the races start. I even update my results page after the races have finished. In other words, everyone can see well in advance what I’ve selected and how it went. No computer program can do this. I even run a free email distribution list for my many global followers.
All my information comes with no fine print, no catches, no fanfare, just free. I even run a free email distribution list for my many global followers. Once again, it’s free. Hell, I even write about ‘best practice’ for winning and investing on the horses. All free.
Perhaps the Age might like to run a twelve month competition between your companies and me. Let’s say we put $10,000 in each (the Age can hold the monies), invest for the twelve months, and at the end of that period whoever has made the biggest profit wins the pool. The Age naturally would have to see all selections prior to the races commencing. The winner can nominate a charity for the monies to go to? Let me know what you think. I’m in.
Great article guys from the Age.
Cheers
Hayden