Posts Tagged ‘Avoid’

Roulette Sniper

Tuesday, January 4th, 2011

Here comes another of these “easy casino busters”. As the name of the product suggests, Roulette Sniper is a system that picks which numbers you should bet on, based on some genious formula. The thing is, there can be no such formula. Roulette is a game of pure chance. You can invent whatever “system” you wish, and nothing will change this. You may as well throw your chips randomly on the table. Roulette always maintains a house edge of 5.26% or 2.7% (depending on whether playing a european style table which has one zero slot, or an american style which also has a “double zero”. Wisely enough the Roulette Sniper guide advices only to play european style tables).

What does Roulette Sniper do then to pick its magic numbers? Well it keeps track of which numbers have recently passed in the spirit of “now there have been ten black numbers in a row, a red one MUST be due to come up”. It also does this with partilcular numbers, high and low numbers and so on. This kind of thinking can be a bit seductive at first glance. What are the odds of eleven black numbers to come up in a row right? Right?
Well eleven black numbers in a row is roughly one in 2^11 = 2048. So pretty unlikely.
The thing is though that this figure is calculated before the first of the black numbers had come and has nothing to do with what number we can expect next. Think about it. Eleven black numbers in a row is 1 in 2048. But ten black numbers followed by a red one is also 1 in 2048. That shows that what history of numbers that have come up lately has nothing what so ever to do with what number will come up next.

I’m going to try to keep this short, but there is also one more argument that should be addressed that the Roulette Sniper guide uses, and that can seem probable if not thought through. It claims that the laws of probability holds that if you spin a roulette wheel many many times, the average number value that will come up will be around the middle, that is 18. This would suggest that if the wheel has turned up lots of high numbers lately, then laws of probability would somehow favor low numbers to make the average closer to 18 over time.

Also looking at a standard deviation curve will show that the likelihood of the average number being close to 18 after say 1000 spins is much more likely than it being 5 or 30. This, however, still does not say anything about what number will come up next. That is because the likelihood of every combination of numbers that can come up is exactly the same. The table showing 3-18-31-14-20-5-1 in a row has the same probability of it showing, say, 1-1-1-1-1-1-1. The thing that makes the average tend to be in the middle though is that the number of combinations of numbers that uses numbers from all over the place are much higher than the number of combinations of numbers showing only 1’s, which is one.

I hope that made sense. I’m not that good of explaining these things but however sound roulette systems sometimes can seem, they never can break the law of probability which states that any number has exactly 1 in 37 (for european tables) chance of hitting on any given spin. Hitting black is 18 in 37. As is hitting red.

Therefore systems of this sort is just a playing with the mind, not the casino. Any system that claims otherwise is mathematically impossible. And if it claims to give you an edge and make you money it is a scam. Roulette Sniper falls under this category. What is even worse is that it also advices to increase your bets to recoup for losses. This is a kind of martingale strategy which is very dangerous in the long run and can potentially deplete your bankroll in a short time when you hit some unlucky spins. That said, Roulette Sniper, after telling you to increase your bets when losing, then also tells you to stop playing when losing too much. It also tells you to stop playing after winning a bit of money in a kind of yey hit and run strategy. And finally it tells you to stop playing after a time limit that you can set yourself. Somehow it’s a bit ironic that a good deal of what this claimed super system does is to tell you to stop using it.

roulette sniper screen shot
Lastly a few words on the actual software. It is fairly easy to use and can be customized in a lot of ways to accomodate for which kinds of bets you like to place (corners, dozens, trios, singles etc). It shows you which bets to place in a pretty straight forward graphical fashion, so it is perfectly usable. It just won’t make you any more money than playing your familys birth dates, your telephone digits or the atomic number of silicon. And paying $37 for that is hardly any value.



Forex Trading: FAP Turbo

Tuesday, November 30th, 2010

Forex Trading One Star

The Forex currency exchanges are the most liquid markets in the world. In contrast to stock exchanges the Forex market never sleeps (except weekends then). All day long huge amounts of dollars, pounds, euros, yens and whatnot are changing owners. This makes the prices fluctuate very rapidly and lets you buy and sell currency without having to sit around long waiting for the prices to move.

Buy low, sell high right. How hard can it be? Turns out pretty hard. Contrary to the seemingly predictable zig-zag pattern that typically shows itself when looking at a market curve in hindsight, knowing what moves are to come is unfortunately not that straight forward. That said there are lots of techniques that can be used to try to predict future Forex price changes. And a fair amount of experienced traders using them and making a good deal of money. The drawback is that this method requires endless studying of charts and curves, book reading and ability to take significant losses once in a while. And, as in poker, even still, not everyone can be good at it.

Ta-da this is where FAP Turbo enters. It turns your computer into a relentless super trader, doing all market analysis and mind numbing math for you. And yes, it works “even when you sleep”.. Any sarcasm? Still though a trading “robot” for Forex markets is not a terrible idea. The fact that also human traders rely heavily (and mostly) on technical analysis for knowing when to buy and sell should make a fine tuned computer program the ultimate trader right? And myself though speaking from limited experience of Forex trading I guess there are trader bots that are profitable in the long run. Or at least it doesn’t seem impossible. Still the bots are just more or less successful attempts at emulating good traders, and the holistic market view that comes with experience unfortunately can never be fully accounted for. Also, the bots don’t tend to follow the 9 o’clock business news which have a tendency to screw up an ever so carefully and mechanically analyzed trade.

So far lots of info about the Forex market, which many of you reading this may already know, and may know better than me. What about FAP Turbo again then? What is it said to achieve? The first thing the selling pitch claims is that it is not illegal. And no it’s not. How could it be? We’re not selling our neighbors hub caps, we’re selling dollars. It then claims to “win” 99.68% of the trades. Here it’s time to raise our eyebrows. How is this possible? Do they purposly want to lose their credibility already? It turns out their system is based on many very very small profits accompanied by the occational huge loss. (Pretty similar in profit curve as martingale betting systems will provide). This is done by setting the bar for collecting a profit much lower than the bar for “stop/loss”. A simple numerical example would be if you bought something for 45 and looked to resell it for 50, and if there were no buyers in sight you decided to keep looking for that price of 50 until market price hit 10, and you gave up and sold it at 10. This, like pilots say like about a mid-air collision, can ruin your whole day.

Even still, 99.68% winning ratio to me seems impossible over time. Long term user tests also indicate that you will see very different numbers. Such numbers largely though depend on what risk you are willing to take (yes you can adjust the stopp/loss levels), but acheiving somewhere near 99% would mean huge risk, and that you will eventually go bankrupt if you hit a few losses in a short time span. Amusingly, and probably strategically, the word “risk” is never used in the FAP Turbo selling pitch. One of the testamonial guys, though, claims that the system is “risk free”. I guess he deserves a silent prayer from all of us.

Risks aside, what you all want to know though I guess is whether this robot on average can be expected to be profitable or not in the long run. Unfortunately I haven’t had the monetary means putting my hard earned cash on the line for this type of long term data. But there are those who have, and while the results in that, and other real money account histories I’ve seen, are not altogether conclusive, my overall impression is that Forex trading with FAP Turbo might lose you all, might win you some, but on average probably will lose you some. What I can safely say is that the numbers you should expect are not remotely close to what the FAP Turbo page is advertising. Also claimed drawdowns (the share of your bankroll you can expect to lose when losing a trade)  of 0.37% is simply insanely false. Judging from their bankroll, profits and T/P and P/L levels on single trades their drawdowns can be up to in the ballpark of 30%. That is, a losing trade like that means you lost 30% of your money. Finally I should add that FAP Turbo is hardly the first trading bot to emerge. There are lots of others, and many of them are free. At least sites like fxcm.com provide one or two dozen of them to use with their trading platform.

FAP Turbo is notoriously reported ignoring refund requests, but as with any product marketed through Clickbank, if you contact Clickbank directly before the end of the trial period, you should not have any problems getting refunded.

http://www.fapturbo.com/


Sportsbettingchamp

Friday, May 7th, 2010

Rating: 0 / 5

This one pretty much reviews itself. A “win 97% of your bets” system of course is too good to be true. Not that clickbank never lets shady products slip through for promotion, but I’m amazed that even they won’t stop things like this. It’s amusing though that lines like ” Locking eyes and wave at all the fine ladies along the way before arriving to the sportsbook!” have a place in the sales pitch. Oh well.

The Sportsbettingchamp system claims to make the author over $70,000 a week. That is pretty amazing since the system is nothing more than a good old martingale. If you’ve been anything into betting chances are you’ve either heared some excited friend tell you about this or you’ve come up with it yourself in a stroke of genious. Anyway how it works is say you bet $10 on a 50% outcome and if you lose you will double your bet for every loss which guarantees that as soon as you win you will be up $10.

I probably don’t need to say that while this in theory does work, it assumes infinite deep pockets and so even if you have all the money in the world eventually you will lose it all as the bets grow exponentially larger.

I’m amazed though that if the author of Sportsbettingchamp claims to win $10k a day with his system, he better not start his bets with $10.. Of course he doesn’t follow the system but it is such an obviously false statement for anyone purchasing the product and realising what it is about.

The claim to “win 97% of the time”, it turns out is to be interpreted as “winning 97% of the group of bets that will end with a win”. In other words a LOSS-LOSS-WIN in this universe will count as a win. Interestingly he admits to lose 3% of the time, and by his group-win reasoning to lose means he couldnt afford betting higher, which of course means that any loss means he then lost it all.

I guess I can go on more about this product but you probably see what it’s about. Just don’t buy it. It’s beyond crap.

Another Martingale variation scamming people through clickbank is “Underdog Wealth System”. Stay far away from that one as well.

http://www.sportsbettingchamp.com