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  • BMR Forum
    started a topic Any experience with arbitrage bookmaker Yobetit?

    Any experience with arbitrage bookmaker Yobetit?

    Is it a b2c or b2b product?

    They say they have demonstrated to leading operators how their technology platform can increase their revenue and that their product makes arbitrage trading more profitable for the arbers.

  • snunes
    replied
    I am deactivating my message, to try to solve it internally and directly with the bookmaker, following their recommendations. Thanks for the space, BMR team.
    Last edited by snunes; 05-23-2018, 09:25 PM.

    Leave a comment:


  • BMR Forum
    replied
    Sadly is not just this thread that has gone quiet. The entire forum seems to be dead. Good luck getting a reply.

    Leave a comment:


  • muggles
    replied
    This thread has gone very quiet. I understand that the start of 'real money' trading is still pending, but can anyone here report on the 'Demo Trading' exercise? How close are those who have shelled out significant sums of money on Yobetit to seeing a return?

    Leave a comment:


  • Mr H
    replied
    Yobetit has already ended the package selling so there are no longer any discussion about that anymore. I have never seen a ponzi scheme were they stop selling to other investors, so whether it is a ponzi scheme or not is no longer relevant. It will not be possible to get more people to invest. They will start a service that cost a monthly fee (like Rebelbetting, SBM etc) if it would not be any good people will not use it, simple as that. So yes it is already full focus on the "Product" you just dont know it

    Leave a comment:


  • muggles
    replied
    Some time has passed since my previous post on the subject of Yobetit. On a positive note, they have now published a list of the bookmakers with which they claim to be cooperating:
    188bet
    Betfred
    BetVictor
    Boylesport
    Canbet
    Coral
    Dafabet
    Marathonbet
    Pinnaclesports
    RB88
    Samvo
    SBObet
    Sportingbet
    Sportsinteraction
    Stanjames

    On a negative note, to my knowlege none of these has openly confirmed their involvement.

    There is a lengthy thread about Yobetit on the arbusers forum, with several contributors who have actually bought 'packages'. They claim that they have already received 'Global Credits' (dividends) from the company. As the company has yet to make any profit, where did the money to pay those dividends come from? Oh yes, the contributions of later 'investors'. What do you call a scheme where the payments of later investors are used to fund payments to earlier investors - a Ponzi. I'm not saying for certain that Yobetit is a Ponzi, and I still hope very much that it is not, but the organisers couldn't have done much more to make it look like one!
    According to Yobetit they will be starting trial running tomorrow, but the first 'real money' trades will be in a couple of weeks. As it appears that the only people with access to the system will be investors ( with a vested interest in getting more people to invest) I doubt that there will be many honest and objective accounts of how well it is working.
    The problem with this type of scheme is that it is not subject to any type of independent scrutiny or evaluation. There will be those who claim to have made their fortune through Yobetit, but they will be founder members who need to sell further memberships in order to recoup their investments. One way of telling whether Yobebit works will be whether the discussion moves away from selling memberships and towards a discussion of the 'product'.

    Leave a comment:


  • Max325tds
    replied
    Haha look what I have found - As soon as the packages are sold out and the bookmaker list is released people begin to offer memberships and invites or something: http://www.ebay.at/itm/ws/eBayISAPI.dll?ViewItem&item=230978226525

    Leave a comment:


  • muggles
    replied
    This is my first post on here. I wanted to sound a note of caution about Yobetit. There are a number of aspects to this 'business' that worry me.

    Firstly, as has already been pointed out by others the business model is flawed. It is not clear that arbers would use this service as it would effectively reduce their profit from each arb - in order to provide a profit for Yobetit.
    Also I am doubtful that many bookmakers will really want to cooperate with Yobetit as most of them dislike arbers (to put it mildly!). I fail to see how the punters, Yobetit and the bookmakers can all profit at the same time! Yobetit has yet to name any of the bookmakers that have agreed to work with it.

    However I have a much more serious concern. The main aim of Yobetit appears to be to persuade people to sign up as members, the product seems to be hardly relevant. This is typical of a MLM, Ponzi type scheme, where the unsuspecting victims are encouraged to sign up for 'packages' which promise generous rewards for selling further packages to other victims.
    In most cases the only people who profit from such schemes are the organisers and a few people who get in right at the beginning. The payments to these people come not from the business, but from the payments made by later 'members' - who end up losing their money.

    If you want to invest in a business, research it properly and become a proper shareholder - otherwise it is best to leave well alone, at least until there is a product that you would feel happy about selling.

    There are MLM schemes that work reasonably well - these all have a good product allowing even those at the bottom of the pyramid to profit by selling the product itself, rather than 'membership'.
    I'm not at all clear what Yobetit's product is.

    You might be interested to compare Yobetit with a much larger Ponzi scheme called Banners Broker. This scheme is currently in the process of imploding and is going to lose many people a lot of money. It had many of the same features as Yobetit - a vaguely plausible business plan good enough to fool the uninitiated - and a concentration of effort on selling membership rather than selling the product.

    I hope I am wrong but I am 90% sure that Yobetit is a Ponzi scam.

    Leave a comment:


  • Mr H
    replied
    OK, thats fair, I will stay low about yobetit

    Leave a comment:


  • pier0
    replied
    I don't believe in deleting threads. I want everyone to read and make up their mind.

    What I don't want is people involved with a betting site to use the forum to promote it.

    You are welcome to share your betting experiences and info about online bookmakers, but if you are only interested in discussing the bookmaker you invested in, this is not the right place for you.

    It's really as simple as that.

    Leave a comment:


  • Mr H
    replied
    If that what you think yobetit is, then i dont understand why you havent deleted this thread long time ago, what i understand it is you that is the moderator here

    Leave a comment:


  • pier0
    replied
    You are not sharing info. You are promoting a MLM scheme that by your own admission you invested in.

    And a LGA license is not worth the paper it's printed on.

    Leave a comment:


  • Mr H
    replied
    I am sharing info about online bookmaker, and it is now also official at LGA, they start 19 feb so i think yobetit will be relevant for this forum, but if you (pier0) dont agree it is better to hold this thread until they have started
    http://www.lga.org.mt/lga/content.aspx?id=86977

    Leave a comment:


  • tjust
    replied

    Hi Mr H,
    Please send an email to azigen(a)nincsmail(dot)hu, and I will send you my e-mail address (this one is temporary) where you can send the invite.

    Leave a comment:


  • pier0
    replied
    We don't have private messages and to be honest we have given more than enough space to Yobetit.

    You are obviously only here to promote the service you are involved with and have no interest in sharing information about online bookmakers, which is what this forum is for.

    So if you guys want to do business with one another, you need to find a way to do it outside Bookmakers Forum.

    Leave a comment:

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