Preferential Sporting Investments...
The deal with Preferential Sporting Investments (from Cheltenham) is that they take your money, bet with it, and take 9% in commission. But only after a period of 62 days.
So does it work? Well, not for one of my readers:
“They ask for your cash to gamble on your behalf, £200 - £20,000 , on the ‘promise that it will return £160 every month for every £100 sent, and ‘the money is always yours’. Garbage. When it comes time for a payout all you get is a letter saying your cash has run out due to a ‘long run of bad luck and losers’. “
I’ve had a look online and some people have had better experiences with this outfit.
This is usually the case with tipsters however. Some people get a good run at the beginning and stick with the tipster, even when profits start draining down the plughole. Others have a bad run, right from the off.
And my readers’ experience matches a report in The Mirror about this company back in July.
According to journalist Nick Sommerland, a guy called Tony Knaggs from the Isle of White invested £400 in Preferential. After 92 days, he was due to collect his winnings along with the original stake. Instead he got this letter
“Dear Client
Over the course of the year we have had some amazing winners as would be expected, as well as losers which again would be expected as they are part and parcel of racing and gambling. However, you may be aware that, just lately we have had more losers than normal which we would call a losing run.
Losing runs from time to time are expected and factored into our betting. But this time the run has lasted longer than we would like. This together with the fact that recent odds have been lower than we would have expected has culminated in your stake money being lost.”
That said, I don’t know why the guys at The Mirror are so shocked. It’s hardly a newsworthy item. After all, it’s a betting system. And as with ALL betting systems, you can lose money sometimes.
“SHOCK HORROR! Betting tipster doesn’t quite match the hype!”
It’s obvious. But I suppose it sells newspapers.
I guess it’s about how they word the guarantee. Preferential lead you to believe you’ll DEFINITELY get your original stake PLUS profit.
If I were you, I’d avoid opps where you hand over your money to tipsters to play with. Better to get tips, make the bets yourself, and control your own destiny.
Clive Keeling, the betting expert over at What Really Wins Money has good advice on this subject:
“Never, ever, give your money to any third party for whom you have not done any due diligence and who is NOT accountable to an independent regulatory body who will act on your behalf should things go awry - and things WILL go awry!
You simply don't have a leg to stand on when entering in these relationships with people you have never even met... would you ever hand out cash to strangers in any other environment?”