You really have to wonder why ...

people get hooked into these things... donuts

i`ve seen this guy posting it in loads of racing groups

This is how the syndicate will work smile emoticon

1. We will sell shares in the syndicate at R200.00 per share.
2. Our immediate aim is to sell 30 shares at R200.00 per share But the more shares that is sold the higher our daily bet can be.
3. There will be 2500 shares available.

I will appoint a committee of no less than 4 people to decide on which bets to make daily
Initially bets will be structured as follows.
We will make a R200.00 bet daily structured like this Three horses to be combined in the following manner Three doubles and one treble of R50.00 each. No horses with a price of less than 15/10 will be included and one horse should ideally be above 4/1
1x Double 15/10 x 15/10 = 312.5/50
2x Doubles 15/10 x 4/1 = 625.00/50 x2 = 1250.00
1 Treble 15/10 x 15/10 x 4/1 = 1562.5/50
So if a treble is won at the above odds the profit for the day will be R2925.00. Should it not win we only need ONE double to win to cover our outlay

The above numbers might not look attractive at R200.00 per day. Imagine them at R2000.00 per day.

Anyone interested in purchasing shares should let me know as soon as possible in how many shares you want as we have had several requests to launch earlier that 1 April 2015 and will make the decision within the next 48 hours whether to bring the date forward or not

Lol...

Sounds familiar..
Has ds person been on our forum

ShezaPunter wrote: Lol...

Sounds familiar..
Has ds person been on our forum

Thought exactly the same thing............lol

Winnings seems small so can't be Loopy

I love the "we only need one double to arrive to cover our outlay" (AKA break square)

(ie. a 66% strike rate has to be achieved to break square ....................wow where do I sign up....................lol)

The first couple of posts I seen from him looked ok
Thought he wanted to club together with a few friends

It's when he's talking about selling 2500 shares lol

A few months ago a scam, involving a betting syndicate,was uncovered in Aus and they disclosed the millions that was skimmed ..................coincidence perhaps but might have seemed like a damn good idea to some, and worth the risk in a country where punishment is a lot less likey!

This guy has been so succesful in the first two weeks thats hes now selling another 15 shares at an increased price of R300.... per share
lol

now he says he had r7400 in the bank to start with from r200 shares and now has R9969 a profit of each share now worth r269

what happens next week when he loses r3000 does he sell shares at under r200?

lol

Bob Brogan wrote: This guy has been so succesful in the first two weeks thats hes now selling another 15 shares at an increased price of R300.... per share
lol

now he says he had r7400 in the bank to start with from r200 shares and now has R9969 a profit of each share now worth r269

what happens next week when he loses r3000 does he sell shares at under r200?

lol

ha ha ha. Best to wait for him to lose to drop the price. Lol

Bob Brogan wrote: This guy has been so succesful in the first two weeks thats hes now selling another 15 shares at an increased price of R300.... per share
lol

now he says he had r7400 in the bank to start with from r200 shares and now has R9969 a profit of each share now worth r269

what happens next week when he loses r3000 does he sell shares at under r200?

lol

I would rather take 10cents on the Rand in a Poncy scheme than feed this guy!!