Evolution sports trading

Shakin_Steve · 9 May 2017 at 8:55PM

This is not a credit card post, but nearest forum I could find. I'm asking you knowledgeable people to cast you eyes over this. A member on another forum posted that someone was coming round to see his wife and was bringing a Visa card and was going to give her £50 in cash. Yeah, right.
Here is his last post on the subject:
Right so the guy turned up and explained what was going on , it is all to do with online betting basically you sign up ( on Facebook ) no bank details are given and it does not cost any money to join !
They load the pre paid card with some money use this to bet with his example was to load the card with £20 of his money they place the bet and we get back £15 and he keeps £5 not sure how this works to be honest .
But swmbo got another £50 cash in her hand , if she refers anyone else she gets £40 , so maybe it is not as dodgy as it seems and it really is money for nothing ?

So, I look up this lot here:
https://www.facebook.com/streetwisedirect/

Now, I can't make head nor tail of it. Any ideas.

bengalknights · 9 May 2017 at 9:03PM

Its called a ponzi scheme

Shakin_Steve · 9 May 2017 at 9:05PM

bengalknights wrote: »

Its called a ponzi scheme

I thought that, but couldn't quite work out how it works exactly.

cjv · 9 May 2017 at 9:09PM

Maybe they are taking advantage of a promotional offer for new customers on a betting site, or being paid a commission for referring new customers (who place a bet) to a betting site.

LLouise91 · 29 September 2017 at 3:17PM

The scheme works by match betting which is all legal if you look on Google it will explain how it all works. I have personally signed up to this scheme myself and received £200 and for every member i referred i got more money.

No bank details were given.

[Deleted User] · 29 September 2017 at 5:19PM

Scam or money laundering. Nobody gives random people money for free. No one.

Browntoa · 29 September 2017 at 6:18PM

Probably cards loaded with money from stolen bank accounts or credit cards

forgotmyname · 30 September 2017 at 12:47AM

Guessing there maybe something missing from what actually happened.

Someone turns up and gives you a prepaid card and £50 in cash? Dont cards need to be registered these days to prevent fraud and money laundering? I had to supply ID to get a revolut card.

You load the card and spend it on a betting site?

Do you need to load more than £50? I wonder if they report the card stolen and keep all your money?

Did they part with any money? Or part with their identity?

benjth11 · 12 August 2018 at 4:15PM

So I used to work in an office downstairs from this company. Basically, they sign up to betting accounts with the card details you provide in order to take dvantage of the free bet bonuses for new members. They then play spread betting using the bonuses to their advantage. They pay back your initial £50 with interest becasue after a few hours they've made that back in profit on bets places, and then they incentivise you to sign up more people by giving another £50 for each person you sign up, plus a bonus or whatever.

They're just making money from various loopholes in online betting services, but in order to do this, they need prepaid cards to sign up as a new user.

So yeah, it's kinda an MLM scheme, and definitely sits in a legal grey area, although anyone with an excel spreadsheet can do spread betting with a bit of research, it's just time-consuming and you'll need some cash to get you going.

For what it's worth they're nice blokes running it, even if it does smell a bit fishy.

jonesMUFCforever · 12 August 2018 at 6:06PM

benjth11 wrote: »

So I used to work in an office downstairs from this company. Basically, they sign up to betting accounts with the card details you provide in order to take dvantage of the free bet bonuses for new members. They then play spread betting using the bonuses to their advantage. They pay back your initial £50 with interest becasue after a few hours they've made that back in profit on bets places, and then they incentivise you to sign up more people by giving another £50 for each person you sign up, plus a bonus or whatever.

They're just making money from various loopholes in online betting services, but in order to do this, they need prepaid cards to sign up as a new user.

So yeah, it's kinda an MLM scheme, and definitely sits in a legal grey area, although anyone with an excel spreadsheet can do spread betting with a bit of research, it's just time-consuming and you'll need some cash to get you going.

For what it's worth they're nice blokes running it, even if it does smell a bit fishy.

Are you sure that you worked in a different office - I might be wrong but it smells fishy alright?
Why did you resurrect a year old thread?
Have you run out of mugs to carry on with this?

Evolution sports trading

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