Hi everyone,

I am new to this forum and was wondering if I could tap into your collective experience with betting systems to get some feedback on a system called the "mastertrading room". From what I understand it costs $6600 to join and you open an account with IASBET and they trade your account for you. You need to have $2000 as your starting capital and bets are between 3%-5% of your bank - win only. The system has been in use for a number of years and has consistantly returned 30-60% per month over that time.

I would really appreciate some feedback on this system.

Cheers

SWF

That should be the first thing ringing alarm bells!



If it costs $6,000 and returns 30-60% per month on your starting bank of $2,000 then they wouldn't mind you paying for it via your winnings. At level stakes you would have it paid off in less than two and a half months based on average of 45% return per month.

Doubt they will allow this, there have been many postings on this and other forums regarding this product.

DON'T GET CAUGHT.

You would be better off signing up for one of the ProPunter packages at less than one quarter the cost, with a legitimate business.

i have joined the master trading room system recently and have had a somewhat frustrating time attempting to get my account reconciled.
it appears that IASBET will only give you a balance, not a record of bets made.
AND i am forever being frustrated in getting mastertradinroom to respond to either telephone or emails.
it also appears that they have been having a very poor run of late as well !!
can anyone help with their experiences??

Hi Filthy 50,

I have been trailing the Winford Hill P/L Wagering Club betting system for the last week and a half and the results I have to say have been impressive. The selections are e-mailed to me prior to the races and the profit percentages have been correct for the week and a half I have been involved. Over the last four weeks the betting system has returned the following percentages according to their monthly newsletter:

March 2003-
Week 1 +11.45%
Week2 + 39.80%
Week3 + 35.79%
Week4 + 48.60%
29th-31st + 70.48%

Total + 206.12%

I would be interested to hear if you have received the same results. The consultants promoting the system have advised me that your account is traded for you through IAS. I have also been advised that selections and betting % are e-mailed to you every day. Is that correct?

I am certainly interested in the system, particularly based on the last week and a half, however I would like to get some feedback from anyone who has been using the system.

Regards

SWF

evening swf, i'll see if i can help
these results may well be the case, but my frustration is that I wouldn't know because i have received NO correspondence from Mastertrading since i joined in Feb 2003.
There was CONSTANT communication prior to me joining....as i am sure you are receiving now, but since then....virtually nothing...and every telephone call i make rings out...or if it is answered,( twice only from at least 50 attempts !! )by a person called Nathan, quick assurances of yeah mate, its ok, i'll send you a reconciliation, and then NOTHING !!
My frustration is getting to me and i figure the only way i will get a response from them is to send as many emails as possible to SOMEHOW obtain a response!
By the way, i started with a $$$$$ bank and said that they should take any fee they wanted upfront initially... ONLY out of any WINNINGS !!!
They eventually agreed, although due to the lack of communication, i have NO IDEA what has been taken from my IAS account.
I can say however, that my origonal balance has fallen dramatically during Feb 2003, as their betting strategy obviously went very wrong.They eventually acknowledged their bad run by email and said they had cut out SUPERBETS???.....then no explanation what they were either !!
Ask them for FEB results...would be interested in their response. If they are legit, they should tell you the truth as bad runs are normal,.....as us mug punters know.
On contacting IAS, they will only give you a balance on your account, but won't tell you what bets have been made on YOUR account, which i find rather strange. They then tell you to contact NATHAN for those details......fat chance of that, to date.
I have a list of all their bets from joining,(at least the ones they actually emailed to me !!) which i would be happy to compare with you.
i attempted to keep a spread sheet of the bEts, but it SOON became impossible as apparently some bets didn't get emailed due to problems at MASTERTRADING !
I continue to get various email bets on a reasonably regular basis, in USA, NZ, South Africa and Aust,altho i have no idea what my starting balance is ON ANY GIVEN Day because MASTERTRADING DOESN'T RESPOND TO MY QUERIES !!
email me at fabfilthy50@yahoo.com.au if you'd like more info.
(Hope they may see this and respond accordingly !!)
ASK HEAPS OF QUESTIONS AND DEMAND ANSWERS BEFORE YOU INVEST....my experience has been less than satisfactory to date.
their apparent lack of accountability is disturbing and does them no credit at all....
good luck and let me know if i can be any more help

Hi,
A friend of mine joined for a couple of months last year. He had extremely good days but more bad days. There were lots of bets everyday, then after a big run of losses (his bank dropped about 90% in a week), they just stopped betting for him with no explanation. He said he could never get in contact with them after that. I was looking at joining them after he started because there were a few really good days, but I held off. I'm glad I did!!
Maya

Filthy,

I have a suggestion. Try e-mailing them from a different e-mail address as though you are a potential new subscriber, interested in joining. Leave a phone number for them to call you and say that you are keen to get set up as soon as possible.

Watch how fast they contact you. The trick is keeping them on the line once you identify yourself.

Cheers
Reenster

I'm sorry people, but the term: "cavaet emptor" applies here. "Let the buyer beware"- the sooner you cut your ties with this mob the better1
At no cost, you can avail yourselves of some pretty fine form study and selection expertise from some of this forum's contributors.
I suggest you take my advice!

Cheers.

thanks for the comments people
i'm afraid that xanadu is right !!
buyer beware..... a maxim that i usually advise others to follow....and i was dumb enough not to follow my own advice !!
i hope others can learn from my mistake !!
STAY AWAY FROM THIS MOB!!...
i will contact Office of Fair Trading and see what they can do...nothing i suspect.
back to the coalmine....nothing in life is that easy...
can't even claim a tax loss elther...

Hi,
The first rule is never let anyone else bet with your own money.

I know an example of a confidence trickster who pretended to be friends with someone. This con artist claimed to win at the trots.

Eventually his friend deposited over $10,000 into a TAB account in a profit sharing partnership agreement. The con artist "bet" with it and even convinced his "friend" there was no need to keep a check of the account.

One day he decided to check the account, after not being given specific details of bets for a while, but rather evasive comments like "Still the same. Nothing ventured. Nothing gained."

The balance was 5 cents!!! For some weeks after that the con artist still pretended that all was well and that they were going to make a fortune that year.

I am staggered that people come on this forum seriously considering getting involved with betting packages that cost many thousands of dollars when we have our own betting packages here that are a fraction of the cost - racing packages and sports betting packages.

We even have e mail user groups for our sports betting packages like our successful and popular AFL footy and tennis betting packages.

There are also postings by users in the Smartgambler forum attesting to the success of these sports betting packages - packages that cost less than $1,000, not $6,000.

[ This Message was edited by: Neil on 2003-04-08 22:09 ]

neil,
what can i say ??
i just hope enough people read this and are warned off accordingly.
once i get my betting stakes rebuilt, i'll have a look at these packages

I am sorry to say THEY WON'T GET THE MESSAGE most people are after the quick buck the reason that the government run most of the gambling is because it is not the people that place the bets that win.....and what gambling the goverment does not control like bookies they put a high tax on it....i am not saying you can't win gambling or betting or investing...but most people don't....and if you have never really won money useing your own methods and someone says "i can win you lots of money...just pay me for doing it" there will always be someone that pays.

[ This Message was edited by: Shaun on 2003-04-09 11:46 ]

Hi filthy50

I have tried your e-mail at fabfilthy50@yahoo.com.au But I am not having any luck sending you information I have recieved. Could you please confirm your e-mail address, Cheers

SWF.

P.S has your experience with the mastertrading room imporved over the last 2 weeks or are you still experiencing problems.

sorry swf
don't even know my own a'c
try fabphil50@yahoo.com.au
doh !

just so you all know
lost all my money with MASTERTRADING ROOM !!!
DO NOT.....REPEAT...DO NOT ANYBODY TRUST THESE GUYS !!

Just read the complaints about IAS BET and got out to register with this forum only to warn you guys who "ivested" with IASBET. It does not sound right. I know of a company IASBET Pty Ltd that is trading at the Sydney Stock Exchange whose shares rose from about $0.25 a year ago to about $2.25 in early Feb this year. Since then they are sliding and are now at about $1.65. [judging by what I read on this forum, I would expect a crash in their share price very soon - if that is them whom you are complaining about]

I am afraid that much of the "profits" the company made was from the investors who pay them $6,600 for some supposed betting system and deposit another $2,000 with them into their betting account. Their refusal to inform the customers of the details of their betting causes me to think that there is something fishy in there.

If I were you I would make an immediate complaint to the Australian Securities and Investment Commissin. Visit their web page for details (http://www.asic.gov.au).

The problem is that you might not know against whom to complain. There is a group of companies under IAS banner and you should find out which one is handling your account. Here is the list:

NT BN00866362 IASBET
ACN 066 967 502 IASBET LIMITED
NT BN00876343 IASBET.COM
ACN 070 479 720 IASBET.COM PTY LTD
ACN 070 071 635 IASBET READ RATING PTY LTD
NT BN00865230 REGD IASBET.COM.AU

As you can see some are registered in Northern Theritory which might be under the jusridiction of the NT equivalent to NSW Department of Fair Trading rather than ASIC.

I would like to say some more but am afraid that these guys might take me to the cleaners for slander.... Anyway, if I were you I would take my money out (if there is any left!) and run for cover as fast as my legs can go!

Regards,
capellia

"Capellia",
You appear to be posting under a misapprehension. The complaints are not about IAS.
IAS is a publicly listed Australian company and a leading Australian bookmaker with an impeccable reputation. They have no connection whatsoever to Master Trading Room.
Management.

[ This Message was edited by: quapi on 2003-05-15 21:14 ]

Capellia,

Seems you are misinterpreting the post.

IASBET is an online bookmaking service which is an established reputable business.

Master Trading Room is a different kettle of fish.

By way of clarification, IASABET wishes to inform this forum that there is no connection between IASBET and any claims made by 'Mastertrading Room'. IASBET does not endorse any such claims or services offered by 'Mastertrading Room'.

As a corporate bookmaker operating in the Northern Territory of Australia, IASBET is licensed to accept wagers from or on behalf of any individual aged 18 years or older. Any such entity is at liberty to place wagers with IASBET in accordance with a normal client to bookmaker transaction.

Any IASBET clients who require access to their betting records are invited to contact Member Services on 133-773.

Thanks you for clarification of IASBET. The names are onfusing...

thanks,
capellia