http://blockscan.com/assetinfo/SPORTARBSthis is a top asset , i made 142% this season with his other asset EPL
About the Asset
Along with tipping on the EPL, I also place virtually risk free bets on many different sports using an arbitrage system. Whilst successful, it does require a large bankroll to be effective. This asset will pool the resources of interested investors to reduce the small risk present in utilising Arbitrage systems as well as maximizing the larger bankroll pool.
The bets placed with their results and profits will be held in a spreadsheet for investors to view. Results will be published weekly via an update.
How my system works
I utilize a number of software services to monitor and place bets. The only limitations are the time available to monitor the market as well as the bankroll available.
The bankroll is split over a number of bookmakers to ensure that best can be placed where an arbitrage opportunity is identified.
What is arbitrage?
Arbitrage is the process where you bet on all outcomes of a game. When two bookmakers have sufficiently different odds which allows you to bet on both teams to a point where whatever the result you are guaranteed to make money.
My success rate
I am currently returning between 5% to 20% per month of the bank roll. This figure depends on how much time I have to dedicate to watching the market for Arbs.
IPO Details
10000 shares @ 0.005 (approx) = 50BTC
Cost Description
1.25 BTC IPO Fee (Due to listing at Coinsortium initially)
0.75 BTC Admin Costs
3 BTC Arb Software Subscriptions
1.25 BTC Mobile Internet Connection
43.75 BTC Bankroll, split between a number of bookmakers
Due to relisting on Counterparty share sales will be in XCP and converted to BTC immediately.
Shares will be sold at 1.25 XCP
Dividends
Where profit has been made, dividend will be paid on the first day of each calendar month
Profit = Current Bankroll – Initial Bankroll (Excluding any bonus balances)
75% of Profit to Shareholders
20% of Profit to Asset Management
5% of Profit reinvested into Bankroll
Dividends will commence once 50% of IPO completed
Asset Buy Back Policy
Asset owners reserves the right to buy back shares on the open market at its discretion when the price to value is below what we feel is reasonable. Shares purchased off the open market will not be re-issued.
Closing of Asset
At any time should the fund be closed for any reason - Shares will be bought back a price deemed reasonable by asset management
Disclaimer
Trading and Investment in Counterparty through this asset carries a high level of risk, and may not be suitable for all investors. The high degree of risk can work against you as well as for you. Before deciding to invest in any such asset you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on Counterparty with this asset, and seek advice from an independent financial advisor if you have any doubts.
By becoming an investor you accept you are solely responsible to ensure your investment is legally permitted within your jurisdiction to do so. You agree the asset owner takes no responsibility in ensuring you are in conformance with any applicable laws and regulations within your jurisdiction.
