bet-funds.com at Nobullshit Network Forum

24oz · 03-30-2007, 02:19 PM

Quote:

Bet Funds S.A. a Panama registered International Business Corporation dedicated to sports arbitrage betting.

With our patent pending software BF-Arbs we can guarantee a higher return from investment to our clients in what we call the first sports arbitrage betting based mutual fund.

The benefits of sports arbitrage betting are much higher than any given by banks or traditional investment products and your capital is never at risk!

As far I have checked they are using a licensed script, the SSL certificate is real and they have sent me the company's registration copy when I requested to perform DD. They accept e-gold, moneybookers and bank wires returns 5-6% weekly.

Is something different good for diversification IMO.

**sharonsopinion** · 03-30-2007, 05:53 PM

They are using MoneyBookers?!?

I did an article this month, 12DP Market Accepting PayPal – Don’t Risk Losing Your PayPal at No Bullshit HYIP Blog, A Part of No Bullshit Network, about not using sites that offer a payment processor that is likely to shut off the site's account.

This is the MoneyBooker excerpt:

Quote:

MoneyBookers:

6.6. It is strictly forbidden to send payments in order to pay for tobacco products, prescription drugs, firearms, porn and hardcore content or services, illegal multi-level marketing and pyramid selling services as well as illegal downloads or any other goods and services infringing intellectual property rights of a third party. Furthermore, it is strictly forbidden for citizens or residents of the United States of America to send payments to websites offering gambling services such as sports betting, casino games and pokers games.

and

7.5. It is strictly forbidden to receive payments as consideration for the delivery of tobacco products, prescription drugs, firearms, porn and hardcore content or services, illegal multi-level marketing and pyramid selling services as well as illegal downloads or any other goods and services infringing intellectual property rights of a third party. Furthermore, it is strictly forbidden for citizens or residents of the United States of America to receive payments from websites offering gambling services such as sports betting, casino games and pokers games.

Sports betting is not allowed for US citizens. Does Bet-Fund collect a member's country? If yes, does it prevent Americans from using MoneyBookers? If it doesn't comply with MoneyBooker's TOS, MoneyBookers will shut down their account. It doesn't matter if Bet-Fund just tells Americans to not use MoneyBookers, inevitably someone will try to use it.

JMO,
Sharon

24oz · 03-30-2007, 07:20 PM

Quote:

Originally Posted by sharonsopinion

They are using MoneyBookers?!?

Sports betting is not allowed for US citizens. Does Bet-Fund collect a member's country? If yes, does it prevent Americans from using MoneyBookers? If it doesn't comply with MoneyBooker's TOS, MoneyBookers will shut down their account. It doesn't matter if Bet-Fund just tells Americans to not use MoneyBookers, inevitably someone will try to use it.

JMO,
Sharon

I did talk to them about the problems they could have with moneybookers their answer was:

Quote:

Thank You for your concern, US citizens can not use moneybookers to place bets or gamble, this applies to bookmakers and casinos, Bet Funds S.A is not a bookmaker or casino, we are NOT a gambling site. Before adding moneybookers as an option we verified with moneybookers if we were acceptable under their TOS.

archsage · 03-31-2007, 01:51 AM

This looks interesting...

Since I have some loose change in my Moneybookers account which is too little to cash out, I will take the plunge and see what happens.

**sharonsopinion** · 03-31-2007, 06:40 AM

Hi Archsage,

You might want to contact MoneyBookers and ask them directly if bet-fund is OK or a violation of their TOS. I realize that bet-fund says it's OK, but it's better to be safe than have your MoneyBookers account locked.

If you do contact MoneyBookers, please let us know their reply in this thread.

JMO,
Sharon

betfundsmark · 04-02-2007, 02:38 PM

Hello,

My name is Mark and I manage the customer service of Bet Funds. I found this forum following the traffic stats of our website. As in any other forum, I will try to stop by from time to time and answer the questions the forum users may have, you can also contact us via our support form in the website or the live support feature.

Mark
https://www.bet-funds.com

archsage · 04-02-2007, 03:28 PM

Quote:

Originally Posted by sharonsopinion

Hi Archsage,

You might want to contact MoneyBookers and ask them directly if bet-fund is OK or a violation of their TOS. I realize that bet-fund says it's OK, but it's better to be safe than have your MoneyBookers account locked.

If you do contact MoneyBookers, please let us know their reply in this thread.

JMO,
Sharon

Okay, I will post the question to Moneybookers and see what they say.

shanek · 04-04-2007, 06:40 PM

I got in a two weeks ago, so far so good.

archsage · 04-06-2007, 01:01 AM

Quote:

Originally Posted by sharonsopinion

Hi Archsage,

You might want to contact MoneyBookers and ask them directly if bet-fund is OK or a violation of their TOS. I realize that bet-fund says it's OK, but it's better to be safe than have your MoneyBookers account locked.

If you do contact MoneyBookers, please let us know their reply in this thread.

JMO,
Sharon

I have contacted MoneyBookers as per your suggestion and their reply is as below (note: my last name has been omitted). They looked good. Welcome Mark!

************************************************** ******************************
THIS EMAIL WAS SENT FROM THE MONEYBOOKERS SERVICE DEPARTMENT.

TO REPLY YOU MUST LOGIN TO YOUR MONEYBOOKERS ACCOUNT AND SEND US A MESSAGE
VIA THE ACCOUNT/SECURITY SECTION OF OUR MESSAGING CENTRE.
************************************************** ******************************

Dear Mr. ,

Thank you for contacting Moneybookers Customer Support Service.

Please be kindly informed that currently we have no restriction on the transactions instructed to this merchant.

If you have any further questions or meet any troubles please do not hesitate to contact us again. We are always glad to be of assistance.

Best Regards,

Dean
Moneybookers Customer Support

-----------------------------------------------------
Moneybookers Ltd., London, Registered in England and Wales no 4260907. Registered office: C3 Cairngorm House, Meridian Gate, 203 Marsh Wall, London E14 9YT, United Kingdom. Authorised and regulated by the Financial Services Authority of the United Kingdom (FSA).

This email message is confidential and may contain legally privileged information. If you are not the intended recipient you should not read, copy, distribute, disclose or otherwise use the information in this email. Please also telephone (+44 709 2042000) or fax (+44 709 2042001) us immediately and delete the message from your system. Email may be susceptible to data corruption, interception and unauthorised amendment, and we do not accept liability for any such corruption, interception or amendment or the consequences thereof or your reliance on any information contained therein if you are not the intended recipient.
-----------------------------------------------------

**sharonsopinion** · 04-06-2007, 03:28 AM

Hmmm.... That's not exactly an approval by MoneyBookers. It looks like they went to their account and saw no restrictions. I doubt if the CS did any more looking than that.

So, it could mean that MB investigated them and approved them or it could mean that MB has not investigated them. I think it means that there are no outstanding complaints, but it could be that they don't put restrictions on pending complaints and complaints resolved successfully.

Good luck and hope that MB doesn't shut them down in the future!

JMO,
Sharon