Pgi

[lovenlust72]

Hi Wellsey,

If I were you I would wait a couple of days until BOM has sorted itself out. They have obviously introduced a whole bunch of changes to the system this week without thoroughly testing them first. As a result it is a bit chaotic and they must be trying to fix things on the go. Very strange things are happening and its been very frustrating.

Wait until they get their system working properly.

I would agree, there is a lot of problems atm. The figures not being the same I worked out was because it was starting as a zero balance from the first bet of the amount looked back. Still that's not how it shouldve been. Yes it is fixed now. It's also costing more to place the bets which cuts into profitability a lot.

 

[lovenlust72]

Tonight's win on the dutch index was credited as a win, so they must have worked on it since yesterday. Still waiting for my money from last night though.

Last nights they refunded my bet but it should be a win so I tried getting hold of them tonight with no answer. I'm guessing they have a lot of people complaining atm.
All the other problems mentioned above I have also noticed. For the bets asking for more, just go back a page then try doing the bet again. I found if it was accepted quickly it usually didn't ask for the extra. Still I hope the bets go back to an 88% return.

Tried cancelling a double up in last minute tonight and server was down. My request for a refund on the bet has been forwarded so hopefully get that one back.

 

[daoutlawz]

Hi Guys,

I'm new and have been following this thread for about a day or so and have read almost all of it and the jist seems to be that PGI isn't that great? Either that or that people are just using it as purely a gambling or betting system hence trying to make there own bets and figure out there own system.

I found out about PGI through a friend who got a call from them in October 09, he did quite a bit of research as one would and found they are a legit company etc etc. After about 2 weeks of research he decided to join, he got the platinum package which is 29k, but he got it for 13.5k and they stated in the contract that if he didn't make 25k profit in 6 months (outside the 29k) that he doesn't owe them anything else. I thought that was a good deal until I started reading here.

I was at my friends place a few nights ago when there was a server issue on BOM and there were no alerts but he has told me (and I've seen his logs and BOM account) that the system works quite well. He has (like everyone else) tried his own way here and there to make lots of cash quickly and has failed, this wasn't part of the PGI process/strategy; more greed on his behalf. But if he follows the process, which he's doing now with $200 trades it seems to be working great in his favor and he's recovering his losses which he made on his own. According to his own data from Oct '09 he said the rate is at 95.2% success.

I received a call from PGI the other day after I requested one of them to call me (I asked my friend to tell them to give me a call as he is constantly in touch with them). The bloke admitted on the line that there is a lot of bad PR going around about PGI at the moment but only on a couple of forums (obviously this is one of them), a few employees were trying to give them a bad name, etc etc. He told me that in 08 people were complaining there weren't enough alerts going through and explained to me that the financial crisis was the issue and I fully understand and agree with their stance, I'd rather not get alerts then lose my money. But he also said that after 08, they decided to give people a lot more alerts because that's what they wanted, so they adjusted the system to do so, and that wasn't working either because the success rate was dropping to around 80%, because there were more false positives. Coming from a software developer background I know how hard it is to change a system especially when it's already working. So according to this forum and user experience, everything he's stated is true thus far.

On top of that, he stated that they've gone back to a 3hour system which is now giving them 96% success, and that they won't budge on that anymore due to people's experiences. They are going for a 2 hour system later on this year and heading for a 98% success rate.

I explained to him that what I wanted from this system was simply another wage coming in, and obviously a far greater wage coming in, and he said that's what we want people to do. Trade small and chip away at the winnings don't get too greedy, that is easier said then done, but I'm quite determined.

What I'm trying to find out is this; Is it worth the 13.5k? Can I make a great wage doing this by using consistent trades figures, like starting off virtually then going onto $50, $100 and eventually $200 trades? On $200 trades I worked out that even at a 90% success rate you are making well over 50k p/year after potential losses.

What does everyone think?

 

[lovenlust72]

Most of what you say is pretty right. Earlier this year the success rate went below 80% and it has to be around 90% to be profitable. That figure may be higher if BOM continues to have the lower bet returns that have been around this week. Hopefully it will go back to what it was.

Forget the ex employee stuff, that is not to do with this forum. The reason people haven't been happy is the results they were getting last year. If you had followed the system from when they changed to a 3 bet system last year using the $200 base bet you would be around $33000 down now. However it first hit $33000 down in October and hasn't been as bad since then. It got to a low point of $40000 down in December and has recovered a lot since then. These figures assume that there was no extra bet premium and does not take into account the times when a double up was made in last minutes and not able to be cancelled.

Due to that a lot of people that have previously traded are a bit gun shy despite the more recent better results. For only the 2nd time since May 2009 PGI has had 25 winning alerts in a row which is up to the last alert. Another winning alert will be the most it has had in a row since May. Unfortunately due to BOM 4 of the recent ones were unable to be made through to completion. 2 were unable to be double upped which meant a loss was made on those bets. The other 2 could not be bet on at all as BOM kept saying market conditions were unstable.

Since November 2009 things have been a lot better. It has been a 91.5% winning alert since then. The figures show a profit of $5780 since then using the system. If the bet cost hadnt changed and BOM didn't have problems this month would have been a profit of $3222 so far.

So is it worth it. Well if the figures from November continue then the answer would be yes. If there is a bad month though it wipes out those figures pretty quick. An example would be if we look back and include Octobers figures instead of a profit of $5780 since November we have a loss of $2756 since October.

I would suggest if you do join, start small with your bets. Once your account starts building up then increase the bets. Do not get greedy and increase it too quick as a bad run will wipe you out very quickly. Everyone hopes there wont be a bad run but you can never tell.

It is basically gambling as there are no guarantees so think of it as never bet what you cannot afford to lose.

 

[daoutlawz]

Most of what you say is pretty right. Earlier this year the success rate went below 80% and it has to be around 90% to be profitable. That figure may be higher if BOM continues to have the lower bet returns that have been around this week. Hopefully it will go back to what it was.

Forget the ex employee stuff, that is not to do with this forum. The reason people haven't been happy is the results they were getting last year. If you had followed the system from when they changed to a 3 bet system last year using the $200 base bet you would be around $33000 down now. However it first hit $33000 down in October and hasn't been as bad since then. It got to a low point of $40000 down in December and has recovered a lot since then. These figures assume that there was no extra bet premium and does not take into account the times when a double up was made in last minutes and not able to be cancelled.

Due to that a lot of people that have previously traded are a bit gun shy despite the more recent better results. For only the 2nd time since May 2009 PGI has had 25 winning alerts in a row which is up to the last alert. Another winning alert will be the most it has had in a row since May. Unfortunately due to BOM 4 of the recent ones were unable to be made through to completion. 2 were unable to be double upped which meant a loss was made on those bets. The other 2 could not be bet on at all as BOM kept saying market conditions were unstable.

Since November 2009 things have been a lot better. It has been a 91.5% winning alert since then. The figures show a profit of $5780 since then using the system. If the bet cost hadnt changed and BOM didn't have problems this month would have been a profit of $3222 so far.

So is it worth it. Well if the figures from November continue then the answer would be yes. If there is a bad month though it wipes out those figures pretty quick. An example would be if we look back and include Octobers figures instead of a profit of $5780 since November we have a loss of $2756 since October.

I would suggest if you do join, start small with your bets. Once your account starts building up then increase the bets. Do not get greedy and increase it too quick as a bad run will wipe you out very quickly. Everyone hopes there wont be a bad run but you can never tell.

It is basically gambling as there are no guarantees so think of it as never bet what you cannot afford to lose.

Thanks mate.

But my problem is I'm not a gambler, never have been and never want to be, I actually despise gambling, but this is different, its well calculated (so I think). I want this to work for the long run. Do you recommend this as a solid future investment and a way to make money on the side. If I wanted to gamble I would go pokies or casino.

There shouldn't really be 'bad' months, they should stop alerts if their strike rate drops below say 90%, I mean what are we (soon me I think) paying for?

I have another close friend who is advising me to just trade in the forex market normally. I understand the differences between buying/selling shares and trading on indexes, but I want to know whats the best for me and my family..

If I trade $200 trades all year with PGI and BOM, could I make 40-80k profit?

To give a better perspective, I will need to borrow money to start it up, and have a few thousand saved up that I can use as an opening balance in BOM.

Can I see myself at least paying the loan off? Or should I just trade normally in the forex market with my few thousand? What would be the better choice for solid investment and another source of income.

 

[lovenlust72]

Thanks mate.

But my problem is I'm not a gambler, never have been and never want to be, I actually despise gambling, but this is different, its well calculated (so I think). I want this to work for the long run. Do you recommend this as a solid future investment and a way to make money on the side. If I wanted to gamble I would go pokies or casino.

There shouldn't really be 'bad' months, they should stop alerts if their strike rate drops below say 90%, I mean what are we (soon me I think) paying for?

I have another close friend who is advising me to just trade in the forex market normally. I understand the differences between buying/selling shares and trading on indexes, but I want to know whats the best for me and my family..

If I trade $200 trades all year with PGI and BOM, could I make 40-80k profit?

To give a better perspective, I will need to borrow money to start it up, and have a few thousand saved up that I can use as an opening balance in BOM.

Can I see myself at least paying the loan off? Or should I just trade normally in the forex market with my few thousand? What would be the better choice for solid investment and another source of income.

It's a question no one can answer with any certainty. Every one of us that got involved expected to be getting a couple of grand a week. At this stage everyone that joined this year before November is in the red. Anyone that joined from November on should have made a profit if they did things right. It is a big ask when you have to borrow money to start because if you do not make it back then you are putting yourself in a hard position. I know what it is like. I would be in my own house now if i hadn't got involved. Now I have a huge amount to make back before being back on track, yet I am still trying to make it work and have hope that it will.

I agree there shouldn't be bad months or at least a bad month shouldnt be as bad as what we have had in the past. But nothing is perfect. In May the return was -$10340 and so far the most profitable month has been this month with a return of $3222 although its really more like $1800 because of BOM problems.

I don't really know what to say apart from that. In your situation you may be better off using your couple of grand trying to increase it till you have enough money to get involved. In the meantime you can see how things are paning out. The latest problems haven't been from PGI but from BOM which is the platform that is used. Maybe that will change. If the bet costs remains higher then returns are going to drop.

 

[daoutlawz]

It's a question no one can answer with any certainty. Every one of us that got involved expected to be getting a couple of grand a week. At this stage everyone that joined this year before November is in the red. Anyone that joined from November on should have made a profit if they did things right. It is a big ask when you have to borrow money to start because if you do not make it back then you are putting yourself in a hard position. I know what it is like. I would be in my own house now if i hadn't got involved. Now I have a huge amount to make back before being back on track, yet I am still trying to make it work and have hope that it will.

I agree there shouldn't be bad months or at least a bad month shouldnt be as bad as what we have had in the past. But nothing is perfect. In May the return was -$10340 and so far the most profitable month has been this month with a return of $3222 although its really more like $1800 because of BOM problems.

I don't really know what to say apart from that. In your situation you may be better off using your couple of grand trying to increase it till you have enough money to get involved. In the meantime you can see how things are paning out. The latest problems haven't been from PGI but from BOM which is the platform that is used. Maybe that will change. If the bet costs remains higher then returns are going to drop.

Thanks for that info. Yeah it is hard to say yes or no, I just wanted an opinion. Their system is suppose to predict the future by data mining the past, this I know, but what I was hoping was that they could predict it well, and I'm guessing they can't.

A lot of the info around the web is actually info posted by themselves, ie; Comet award, autotrader, etc. This is the only forum I could find that is still going, most have stopped at one page and was dated a while ago. And even those ones said to stay away. One previous poster said it well, if it were that good, the company would be making millions monthly, and would be giving their service on a monthly basis not upfront + monthly, and their employees would be driving lambo's not holden's just like the movie 'Boiler Room'. If they truly believe in their product they would allow the user to pay them via winnings, like commission, if they don't win, simple turn off the alerts. As I'm writing this I am becoming more aware of it's false potentials.

I'm going to ask them to give me the service without charge for a couple of months for trial basis (paying them $200 for the two months), I doubt they will agree, but from what I've read here, it doesn't seem like something which would suit me, and I will use that against them. If they don't agree, I will hang around and see how my mate does by mid year, if he is still going strong, then I might consider joining, but otherwise, its a no no. I need to see him with a balance of around 20k by mid year to suggest its a great product. He is trading at $200 constantly now, so hopefully it goes good for him.

Might start with forex for a bit and try and get some gains that way. I've started researching that today and it seems quite good, just wondering if my current balance is enough to make some good cash and build up a good balance to trade with.

I really wanted this to work, but based on the users experience here if they don't give it to me for trial, then I will have to say no.

Thanks again.

 

[lovenlust72]

Thanks for that info. Yeah it is hard to say yes or no, I just wanted an opinion. Their system is suppose to predict the future by data mining the past, this I know, but what I was hoping was that they could predict it well, and I'm guessing they can't.
Thanks again.

I think looking at some of the wins also tell a story. Sometimes on prediction to go up there is actually downward movement by quite a lot before a small upward move. Sosure it is a win but is that a good alert or just good luck? With a bit of research I found that if you bet the same way every hour then you would win within 3 bets over 80% of the time. So with experts working for them you would think the percentage would be pretty good. When an alert comes through for upward movement you would hope there is a very noticeable upward movement. That happens sometimes but not with the consistancy one would hope for.

 

[daoutlawz]

That happens sometimes but not with the consistancy one would hope for.

That is indeed my issue with them, according to them it's consistent, but these pages on this board tell another story.

Can I ask how long you've been with them? And do you regret it? Given the same capital you had when you started would you have invested in something else?

 

[lovenlust72]

That is indeed my issue with them, according to them it's consistent, but these pages on this board tell another story.

Can I ask how long you've been with them? And do you regret it? Given the same capital you had when you started would you have invested in something else?

Well yes I have to regret it somewhat. I started in May 2008 and including setup cost I am out of pocket around 80K.... When I started I needed 40K to have enough to finance the loan fo the house I want to build so yes as I said it has cost me the chance of getting that house until I can make back that $80K plus some.

 

[Argento]

For the bets asking for more, just go back a page then try doing the bet again. I found if it was accepted quickly it usually didn't ask for the extra. Still I hope the bets go back to an 88% return.

hi lovenlust,

It doesn't seem to matter how quickly i accept the bets, but going back a page, and doing the bet again, even if i have to do it several times, seems to be working.

Thanks for that!!

 

[Alex1987]

Anyone know how the UK alerts are fairing? What has the win % been over the last dozen or so.

 

[lovenlust72]

Anyone know how the UK alerts are fairing? What has the win % been over the last dozen or so.

How far back are you interested in % wins since and in brackets % wins for that month only
Since
Jan10 11 alerts 10 wins 91% (91%)
Dec09 21 alerts 18 wins 86% (80%)
Nov09 26 alerts 22 wins 85% (80%)
Oct09 37 alerts 33 wins 89% (100%)
Sep09 41 alerts 34 wins 83% (25%)
Hope this helps

 

[jjjason]

Is the BOM website agonisingly slow for everyone at the moment? I am getting some differnt messages too. I got one that said I could't check my portfolio because my details haven't mirrored all the servers yet. I figure with all the money we have paid them over the last year they could get some decent I.T. people in there.

Also had an Irish alert tonight that there was no data for. When I clicked on 'details' it didn't give me any prices for every ten minutes and I couldn't pull up a graph. Checked the account balance after the hour and it got up luckily.

 

[lovenlust72]

Is the BOM website agonisingly slow for everyone at the moment? I am getting some differnt messages too. I got one that said I could't check my portfolio because my details haven't mirrored all the servers yet. I figure with all the money we have paid them over the last year they could get some decent I.T. people in there.

Also had an Irish alert tonight that there was no data for. When I clicked on 'details' it didn't give me any prices for every ten minutes and I couldn't pull up a graph. Checked the account balance after the hour and it got up luckily.

Yeah it has been a pain

 

[Alex1987]

Is the BOM website agonisingly slow for everyone at the moment? I am getting some differnt messages too. I got one that said I could't check my portfolio because my details haven't mirrored all the servers yet. I figure with all the money we have paid them over the last year they could get some decent I.T. people in there.

Also had an Irish alert tonight that there was no data for. When I clicked on 'details' it didn't give me any prices for every ten minutes and I couldn't pull up a graph. Checked the account balance after the hour and it got up luckily.

Getting exactly the same problems with Betonmarkets. Slow website, error messages and same problem with Irish market "details" tab,.

I have contacted BOM and they told me that I should wait a few minutes and try again...

 

[Argento]

Is the BOM website agonisingly slow for everyone at the moment? I am getting some differnt messages too. I got one that said I could't check my portfolio because my details haven't mirrored all the servers yet. I figure with all the money we have paid them over the last year they could get some decent I.T. people in there.

Also had an Irish alert tonight that there was no data for. When I clicked on 'details' it didn't give me any prices for every ten minutes and I couldn't pull up a graph. Checked the account balance after the hour and it got up luckily.

YES! Absolutely, excrutiatingly, frustratingly SLOW. And yes, I couldn't see the data for the Irish either. Nothing quite like doing this betting thing blind is there. All I could do was check the daily chart in the place the bets area, and hope it didn't do anything outrageous in the last 10 mins. The irish index wasn't working at all for quite a while, looks like they have overlooked this last little thing when fixing it.

I spoke to BOM 2 nights ago about another incident when I couldn't cancel bets and while I was talking I asked her how long these problems would continue. She told me the official memo she had received that day said that all problems had now been fixed! I assume then that no one from BOM actually tries to use their system.

 

[wellsey]

Yeah it has been a pain

Hi all, your not alone on the Irish, I was there also, same results.

Had email from BOM ( AFTER MY EMAIL TO THEM),

"I would also like to take this opportunity to thank you for your patience
regarding the recent issues on BetOnMarkets website. I assure you that we are

fully aware of this and we are doing our best to rectify all the issue that
our Clients are facing and in the midst of improving our services to you.

Should you be facing any issues in the future, do not hesitate to get in touch

directly with me."

HMMMMM

 

[jackoo]

The best way to get BOM off their butts and fix their problems NOW is to simply stop placing bets until they can provide an efficient service. Send them a message to phone you and when they call back, tell them! If enough of their clients do the same they'll soon realise they have a problem which needs to be fixed NOW, not when they feel like fixing it.
Their current percentage returns are a joke! Just over a year ago they were offering 100% return with a margin of .02%. I refuse to place a bet while their percentage returns stay at their current level and you all should do the same. Their business relies on a consistant inflow of money, just like any bookmaker.

 

[wellsey]

The best way to get BOM off their butts and fix their problems NOW is to simply stop placing bets until they can provide an efficient service. Send them a message to phone you and when they call back, tell them! If enough of their clients do the same they'll soon realise they have a problem which needs to be fixed NOW, not when they feel like fixing it.
Their current percentage returns are a joke! Just over a year ago they were offering 100% return with a margin of .02%. I refuse to place a bet while their percentage returns stay at their current level and you all should do the same. Their business relies on a consistant inflow of money, just like any bookmaker.

Agreed, but even if all PGI users stoped trading that would be a drop in the ocean, can't see that working.

Allan.