Barclays Turf Syndicate

PrinceGaz

I got an email from Mutual Points offering 5 points (worth 3.33p) for visiting the TheBarclaysTurfSyndicate website. Whether or not I get those 5 points is irrelevant, but what I saw when I arrived screamed scam louder than I could imagine. Derren Brown warned us against this type of thing a few months ago. This is a complete scam so whilst you might get a few pence for visiting their website from a referral if you're lucky, you aren't going to win anything with their system.

Three winning bets completely free!!!

No joining fee, monthly membership fee or are you asked to make any financial commitment what so ever when you join.

As a member you will be sent e-mail with our selection for a horse to be backed for that day (once or twice a week) as a member of our betting syndicate, you do not pay anything what so ever for the first three winning bets, excluding any placed bets that come in placed. After that we ask you to put on a bet on behalf of us as a commission on odds to stake basis for all horses that win, after that third free winning bet. This in fact means you will have make a substantial profit on the bets we have supplied completely free of charge to you. If of course you do not wish to continue betting with us you are complete free to op out at no charge what so ever with no hard feeling on our behalf.

By this time we would have proven to you that our system really does work and you can make substantial winnings, let us explain more. The forth and all subsequent winning selections we as all clients to place a £100 commission bet with their own bet and pay the winnings as a commission paid to us based on the odds to stake basis. Therefore you only pay our commissions out of the money the bookies have in fact paid out to you in winnings, to find out more check out the Staking/Betting plan link.The WIN WIN Situation £££

Yes this really is the Win Win situation
You Win we Win we like that, you lose we lose, don’t like that one little bit.
The reasoning for this is that you only pay us our commission when you have Won and our making profits.

So it’s in our own interest that our syndicate members Win Win Win. We don’t ask you to pay any commission until you are in profit and it is the bookies who pays our commissions out of the winning they pay you (nice bookie). You cannot lose if you follow our system.

Essentially the people who sign up and are lucky enough to have been sent three winning bets in a row (they will randomly select winning horses among members, favouring favourites to keep as many as possible in through the first three bets), will be sent a fourth bet where you send your winnings of a £100 bet back to them if it wins. If any of these bets looses, of course you'll never hear from them again, or have any way to contact them.

The first three bets which all win and draw you into the con would happen to one in 216 people (6*6*6) on a six horse race by pure chance. It will happen to a lot more than that if they send out selections for the first three bets where most selections favour the most likely to win -- they could easily have sent three winning selections to one in 64 people (4*4*4) on a six horse races that way.

It doesn't really matter what they recommend as a fourth bet to them if you put £100 and send the winnings to them (keeping the £100 stake for yourself). They've got somewhere between 1 in 64 (or more), and 1 in 216 (at worst) people suckered into the con and gambling £100 on random horses and sending the winnings of it to them if it wins, or losing £100 plus whatever they gambled for themselves on it if it doesn't.

Total utter con. At least I think it is.

Edit: like many cons, the site also includes numerous auto-corrected spelling errors which were corrected to the wrong word, in fact you'll find several examples of them in the quote from the website I included.

I also suspect that the other much better known Barclays Bank won't be pleased by this scam-site.

trisontana

This sort of thing has been going on for years. There was a man called Horace Bachelor who used to advertise the same scheme on Radio Luxembourg back in the 1950's. He would send out loads of selections for the football pools, picked at random. Of course somebody would occasionally win because of the law of averages.