FORUMula1.com - F1 Forum

[LRW]

I would giggle so much if this has been the worlds longest con. If geet joined 3.5 years ago all to gain your trust, and to only now rob you of your life savings.

please let this be true Geet

[Jabberwocky]

Lol if it is then Geet is welcome to the £22.73 that he has conned out of me lol

Sent from my GT-N7100 using Tapatalk

[LRW]

Lol if it is then Geet is welcome to the £22.73 that he has conned out of me lol

Sent from my GT-N7100 using Tapatalk

I never said he was the worlds brightest con artist.

[Hammer278]

I would giggle so much if this has been the worlds longest con. If geet joined 3.5 years ago all to gain your trust, and to only now rob you of your life savings.

please let this be true Geet

I know right?? Was thinking the same thing...but 3.5 years of effort to rob us of a few hundred dollars.....I'd say we'd be happy to write it off as charity.

[racechick]

OH MY GOD! has get run off and conned you all??? This sounded like a good idea. But gullible old me has been stupid too many times, so didn't do it.

[geetface9]

DELETING MY ACCOUNT NOW THANKS FOR THE CASH GUYS, SEE YA

[geetface9]

JUST KIDDING LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL!!

[LRW]

[geetface9]

Hammer, if I knew you personally, I'd give you the $150 cash and let you pay me back with your substantial winnings

Paypal took me three days to link my bank account, and then another three to verify my transfer from my bank account to my paypal account, and then the paypal to poker website took a day. So, I had to wait seven days because I didn't have my bank account linked to paypal when I started. If you already have that done, it should only take 3-4 days

Dude I didn't even receive the verification email that I'm now a member. Checked my spam folder too, it's been a day now. Do I re-register or just wait?

I'm not sure but I'd give it a day. These guys travel a lot, they've been in two or three different countries and several different cities since I've been a member, so sometimes they don't get to the site stuff right away. They do answer all their emails too, a couple of buddies of mine have emailed them several times and received responses each time that didn't seem scam-ish or robotic, so if you have any questions feel free to email them and they WILL respond. The bank wires and money transfer all take time. Mine took a total of about seven days like I mentioned before. That could be reduced to three if you already have your paypal accounts or whatever set up.

Remember, this IS a risk. Just as risky as putting 5-10% of your money into a 401k or mutual funds each check for 40 years, and then the economy goes to SH1T and lo and behold, you have nothing and your CEO is in jail and you've been left unemployed and penniless. (I'm talking about Enron here lol)

Also, remember I didn't put a gun to any of your heads and force you to All I know is that this is working and making money for me and I was as skeptical as you guys are (or were, for those of you who paid into it already) but I'm very confident in it now. Confident enough to share it with you guys and risk your wrath and shunning if this all goes sour!!

I'm also flirting with the idea of taking $1k USD from my 401k and putting it in here. One of my coworkers has done just that, but with $5K He's making between $200-$250 PER DAY. That will only rise as this is percentage based.

[What's Burning?]

Not to burst your bubble but this is a pyramid scheme that relies on two things, 1 the players winning, and 2, more and more members signing up. It's all well and good until the model can no longer support the numbers and it all comes crumbling down just like Enron.

Now I know like all pyramids, if you get in early make your money and get out, you're golden. The trick is to know when the Spinx's nose is going to be shot off.

[geetface9]

I see what you mean. However, it doesn't rely on more people joining. Getting people to join is just a perk, because it means EVERYBODY makes MORE MONEY. It DOES rely on them winning, as you said, but they are professionals. This is how they pay their bills, they are $#@!ing good at it. Although I am making most of my earnings from referral bonuses, I can still make an insane amount without any referrals at all. One of my referrals started with $6.5k USD and is sitting on $9k USD after two weeks, without any referrals of his own. Also, the way they make money isn't based on how many people they can get to sign up like in a ponzi scheme. To play poker you have to have cash, so they can only use money that physically exists, they can't use profits/money that they don't have.

edit: my coworker also emailed them and asked if they were going to limit membership at any point. They said yes, sometime around the new year. So, they are looking at controlling how many members they have and how much money they are dealing with. Also, high stakes poker tables exist, so they can take our boat loads of cash and go make or lose boat loads of cash that physically exists. It's not projections, products, or this and that or whatever

[What's Burning?]

I see what you mean. However, although I am making most of my earnings from referral bonuses, I can still make an insane amount without any referrals at all. One of my referrals started with $5k USD and is sitting on $9k USD after four weeks, without any referrals of his own. Also, the way they make money isn't based on how many people they can get to sign up like in a ponzi scheme. To play poker you have to have cash, so they can only use money that physically exists, they can't use profits/money that they don't have.

I understand and this is not a normal scheme because the potential of winnings is always there and even if there are no new members joining, they can continue to win and stay very sustainable and profitable. The more they win the bigger the tournaments they can join and the more profits they can earn from their winnings. It's just whether you run into a string of losses, and members start to pull money out and it starts to erode the way all of these things tend to go eventually. Like I said, if you're in early make your money and get out then it's golden.

[geetface9]

I see. I will say this, as far as people pulling out, that's ok, because like I said they don't gamble with money that doesn't physically exist. So say that they have $100k of total investments on monday and go play that day and make it $110k. Then they start with $110k on tuesday and then turn it into $120k. Then tuesday night a handful of investors take out all their earnings, equalling $20k of the total investments, so the site is back down to $100k total investments. On Wednesday, they only go gamble with the $100k total investments. So the beauty of it is, even if people pull out after a few losses or whatever, they can't ever use more than what actually exists and go into some kind of negative balance.

That is just an example. They don't gamble the total investment. They only gamble 5% of the total investments at one time so they can guarantee their stop-loss system of never losing more than 5% of your investment in one day.

[Jabberwocky]

For me there is 2 things I thought about.

1. If they are that good why do they need the money from other sources?
2. As the total pot grows the % return will decrease as they
A, can not play with it all
B, have only so many tornaments to attend

Sent from my GT-N7100 using Tapatalk

[geetface9]

For me there is 2 things I thought about.

1. If they are that good why do they need the money from other sources?
2. As the total pot grows the % return will decrease as they
A, can not play with it all
B, have only so many tornaments to attend

Sent from my GT-N7100 using Tapatalk

Great points.

1. They don't need it. It is a business though, one which will earn them much more money in a shorter amount of time than if they were just living off of their own winnings. Imagine the players each just live off their own winnings. Maybe they earn a few hundred thousand or even a couple million a year. They can exponentiate that by having people invest money in this, then they play with larger sums of cash, therefore yield larger returns which they give us a percentage of and keep them rest. They help themselves out while helping us out. It's a win/win (as long as they generally keep winning )

2.A. This may be true. In that case, I would suggest that they have a cap on how much you can earn or how much you have in your account? Idk. Maybe you're forced to withdraw money once you hit a certain number, or they won't use it. Like maybe everybody hit $500k, in which they have, idk, a billion dollars that they realistically can't gamble, so they make everybody withdraw $250k and then just start from there again. I'm just making numbers up cuz idk how much money they have from investors. That is a good point though and as I said before they have said in an email to my coworker that showed me the site that they are thinking about limiting membership around new years.

2.B. Maybe they'll go casino royale with sh1t and hit the underground