enzabella2009 wrote:who said they use betfair?
Did I say we share profits? did I say we share banks?
we just share strategies. I am not giving them a hope. PETER WEBB and his crue did that by posting news, tradings schools and videos on the web. They are already in the state to believe everything and some of them actually are making profits. I have declared bankrupt in 2007 if you are wondering. total of 96,000. lost my house, my job...everything I had. I worked as waitress for 1 year to regain some funds to gamble again. I am not kneen to upload any videos but, I am moving to Bristol soon (sept2011), you are more then welcome to pay me a visit...dont forget to bring flowers.

No one said they use Betfair, but if they are based in America they are not operating as a bookmaker as they don't have them in America, apart from illegal ones of course. So that leaves them with the option of laying UK horses online which leaves only really Betfair or Betdaq and if they are using similar stakes to you then they would most likely be having to use Betfair.
I would be interested to know how they are laying these UK horses when they are based in America if it is not illegally via Betfair? Can you explain as I must be missing something?
It doesn't matter if you are sharing banks or profits etc, you are operating as a syndicate, your words not mine. Therefore you could easily be liable for Tax, I don't know the rules in your Country but in the UK I think you would be.
To say you are not giving them a hope is wrong imo as you have posted a P&L that is showing a 6 figure profit on horse racing in the last 3 months at most and overall over a million pounds which would indicate you know what you are doing. As such people would give your comments credence.
Of course Peter Webb is giving them hope - he is running a business and needs to or else he won't have people to sell his products to but he does also give warnings that it isn't easy money and you won't become a profitable trader just by using his software or going on his courses but they can help.
I really am not interested in how much you have or haven't made, but well done to have gone from being bankrupt to making over £11,000 every single day the last 3 months on average - that is truly unbelievable so well done.