Gold Nugget Invest
What makes Gold Nugget Invest such a great program?
Arbitrage trading - on the net AND paying since 2006... 6% per week...they GUARANTEE your principal... look them up on 'whois' to verify...tight secure site...max of $1K in weekly rollover plan, $20k in fixed rate weekly plan.
Two Plans
Weekly Fixed Rollover 0.8%/day $3 to $1000 max
Interest paid 0.8% fixed, daily from Monday until Friday
Minimum deposit $3
Maximum deposit $1000
Prerequisite to invest is an active deposit in the Weekly Fixed program
Fixed Weekly Plan 6%/week $50 - $20,000 max
Always profit - this is what arbitrage betting is all about. An arbitrage opportunity in sports betting means that one is able to bet on all possible outcomes of a certain match at odds that guarantee profit regardless of who wins that match.
Arbitrages are also known as
surebets or
surewins. This is not gambling - it's just a market phenomenon based on pure mathematics and occurs when bookmakers have different opinions on the result of a certain game or event.
Click on the "about" link on the
Goldnuggetinvest website for a more thorough explanation of how this works. GNI is set up with over 50 bookmakers and does 3500+ surebets a month to make the money.
Feb 17th 2009 message
As of today we have a weekly rollover plan in place, for compounding your earnings.
The purpose of this is to be able to reinvest smaller amounts, without the requisite to accumulate them first in your account balance, before they can be reinvested in our Weekly Fixed program.
I will explain to you how to use the:
Weekly Fixed Rollover Plan
Interest paid 0.8% fixed, daily from Monday until Friday
Minimum deposit $3
Maximum deposit $1000
Prerequisite to invest is an active deposit in the Weekly Fixed program
Please note that deposits in the Rollover plan can be canceled at any time, which means there is no lock-in period. This feature, although the interest is lower than in the main program, allows you to optimize your investment strategy with us. You can reinvest earnings into those plans whenever you have funds available in your account balance. Once your original deposit(s) can be canceled after the 30 days lock-in period you can do so, as well as with the reinvested deposits in the rollover plan and then reinvest the whole amount into the Weekly Fixed once again. This will make your deposit overview more transparent and easier to handle and on the other side, you will earn some extra income on smaller amounts usually sitting in your account balance. Also, you will earn referral commissions if one of your downline is depositing back into our programs direct from their account balance. Until now only deposits made direct from the payment processors were eligible for referral commissions.
Interview from 2008 Oct 31 with the owner, Robert Spearman
My name is Robert Spearman and together with my partner Jurgen Wilckens we have founded
GoldNuggetInvest back in 2006. Both of us haven’t had any previous experience in running such a program.
Q. What is the history behind the formation of GoldNuggetInvest? What was the original concept of the website?
When did it start and how have it transformed by now?
I have started arbitrage trading (or betting) in 2001, just after I heard about this money making opportunity, at the beginning with very limited funds of my own and accounts with very few bookmakers. Jurgen an old friend of mine started in 2003 - as well with his own money. At this time it was more or less a hobby for us. We each conducted accounts with a dozen or so bookmakers and since funds were limited we were more busy with moving money from one bookmaker account to another in order to place our sure bets. And this is one of the biggest challenges of sports arbitrage betting. You must know that after you find an arbitrage situation you have to be quick to place your bets with the bookies involved, before the odds change at the other part of the arb, the second or even third bookie, means you don’t have time to move money around. The solution to this challenge is to have funded accounts with as much bookmakers as possible. To make a long story short, we started in 2004 to pool our money together and in 2006 we started to collect money for our betting pool from friends, pals etc. Soon friends started to invite other friends and that was the beginning of
GoldNuggetInvest or GNI. Since members been living in different countries there was also a need for a worldwide available and affordable payment processor, which we found at this time in e-gold. Because of the reason that our members deposited with gold, the name
GoldNuggetInvest was born. We registered our domain in October two years ago, put up a simple homepage and communicated with our members by email only, there was no script at this time, so members informed us about their deposits and withdrawal requests by email and we were busy keeping our Excel charts up-to-date. At this time we offered only a weekly plan with a profit of 4% and new members by invitation only. However with the ever increasing number of online bookmakers, there are currently around 80 online, and hence more and more arbitrage situations that occur daily, we saw a chance to expand our business to the next level by attracting funds from new members. Furthermore we have developed streamlined processes over the time that enable us to act upon opportunities immediately and as more capital is available the higher number of opportunities we will be able to place bets on simultaneously. More capital also allows us to invest in profitable arbs on events, which are months ahead of time. So we decided to open our doors to online investors without invitation and since we did so on May 1st, 2008 our member base had raised from about 180 to currently close to 700 members.
Q. Can you explain the meaning of Arbitrage Betting Pool? How can you make money from it? Please tell us the details of your investment activities.
An arbitrage opportunity in sports betting or other events means that one is able to bet on all possible outcomes of a certain match or event at odds that guarantee profit regardless of who wins that match or event. This is not gambling - it’s just a market phenomenon based on pure mathematics and occurs when bookmakers have different opinions on the result of a certain game or event. Let me give your readers an actual example of such a situation, which we placed the day the interview was conducted:
Football, or for your U.S. based readers, soccer:
English Premier League - Hull City vs Chelsea, the match kicked off on Oct. 29th. Since there is the possibility of a draw, we have three possible outcomes. We found the following situation:
Outcome 1 - Win for Hull City - Odds of 8.60 at Betdaq
Outcome 2 - Draw - Odds of 4.70 at Betdaq
Outcome 3 - Win for Chelsea Odds of 1.65 at Europlay
This discrepancies of the bookmakers opinions guarantees us a profit of 6.9 - 7% and I will explain to you why.
The above situation tells us that Hull City and Chelsea are competing in the English Premier League. It also tells us that Betdaq have odds of 8.60 for the match to be won by Hull City, the same bookie Betdaq have odds of 4.70 for the match to be ended in a draw and Europlay have odds of 1.65 for the match to be won by Chelsea. By applying a simple mathematical formula to those odds, we are able to calculate that we can cover all three possible outcomes of the match and make a guaranteed 6.9 - 7% profit. We have placed our bets in proportion to the odds on each possible outcome. $311.00 staked on Hull City at odds of 8.60 to return $2,674.60, $569.00 staked on the draw at odds of 4.70 to return $2,674.30 and $1,620.00 staked on Chelsea at odds of 1.65 to return $2,673. Therefore we have staked a total of $2,500 and the bets return a risk free profit of 6.9 - 7% - despite the outcome.
We are currently placing more than 3500 of such surebets a month.
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