It seems like Matt Shaw’s Fixed Odds Trader service is very popular amongst business opportunity seekers as I’ve just received another review through the support desk.
The comments were:
“Just want to tell you about my experience with Matt Shaw.
Yes, just like your other reviews about fixed odds trading with betonmarkets, All the trades you place are “odds-on” bets, which means your losses are a lot more than your wins.
You need to be winning at a ratio of 4 or 5 to 1 to only break even or achieve small profits.
I have been with Matt Shaw since June 2006 and to date I am into a loss situation with 18 wins and 14 lost in the 32 trades we have placed…Not very good eh?
So, no way can he be making the 3 or 5 thousand pounds per month he boasted about before I signed up.
Not very funny really, it has cost me almost £1000 to date but I am still on his list for e-mail trader alerts. Not got much faith in his so-called expert knowledge though”
Thanks for your comments, I’m sure that visitors to this blog will find them very useful!
This contributor has certainly experienced the poor run of results that happened in the run up to the end of 2006 and like him I am in a loss situation. I’ve decided to still trade on the recommendations for the time being as I still believe there is money to be made. I’m also trialling a service from http://www.citybeaters.co.uk which again uses betonmarkets but trades primarily on FOREX. Still early days but so far I’m impressed as they do not put a trade out until they are very confident.
My blog at http://investjournal.blogspot.com gives more information about how I’m doing with these services
Comment by John Murphy — 19th January 2007 @ 5:28 pm
People who jump into these ‘opportunities’ on fixed odds financial betting are, generally speaking, heading into ruin. Why? Well, because what they are doing is actually buying a badly priced ‘option’. I used to design such systems for spreadbetting companies (I have over 20 years experience working directly for and as a consultant for them). There are much better methods of spreadbetting which, applied properly, will always give better returns. People should also be very aware that there is no-one to complain to about the way these bets are run – because they are NOT covered by the same rules as genuine spreadbetting.
If they were these guys couldn’t supply ‘tips’ because they’d have to be registered with the Financial Services Authority – and they aren’t. Treat them like racing tipsters – don’t bother!
Comment by Phil — 19th January 2007 @ 7:55 pm