Internet Money Making System – The Worst One Revealed

There is significant money to be made on the internet. There are also many extremely easy ways to loose your money trying. One of the worst, in my opinion, is currently coming up high on the paid searches. I will tell you what it is and why it so bad.

Firstly any offer on the internet to make you rich or earn you money should be viewed carefully. Unfortunately many people have few morals about taking your money or how they do it. Making money on the internet is not that hard but many still seem to want take the immoral, illegal or just plain lazy route to easy cash. If it's your cash it can be a very painful introduction to internet business.

That being said there are many honest and very profitable systems available so don't assume they are all scams.

So What is it?

So what is my personal worst example of internet money system being advertised today, and I mean TODAY. I searched on Google for “make money on the internet” and two of the three search results were exactly this system.

Just in case you are very new, and are not aware, the top search results on Google (and other search engines) are actually advertisements. They are placed at the top of the search results based on payments made to Google (and others) by the sellers. So now you know that they may not be at the top of the search list based on polarity. Someone has paid hard cash to get them there!

Anyway, these particular adverts usually offer you £300-£500 a day, free, no risk, guaranteed, earn your first $500 in an hour. When you click on the link you are taken to the usual web page which may or may not ask for your name and email address (to collect for their mailing list). Either way you will be shown a page that explains the system.

The system involves joining one or more on-line gaming sites and playing roulette using the following system.

Place a £1 bet on one colour (i.e. red). If that bet wins then you get your £1 stake back plus an additional £1 win. Betting on any one colour gets you 'evens' if you win, i.e. place £1 and you will get £2 back, a win of £1.

If it looses you simply double your next bet and place it on the same colour. Continue to do this until you win. If you win at any time (continually doubling your bet) you will win back all the money you lost PLUS £1. At this point you go back to your £1 bet and start again

According to the system you can do this for an hour or so and eventually win hundreds of pounds, albeit £1 at a time.

They will explain that you can only do this on certain sites as they have discovered a loophole in the gaming software – or some such 'secret' that gives you an edge on the gaming sites. They usually also explain the science and statistics behind the guaranteed wins – all very convincing! The final clincher is that when you sign up to these gaming sites they usually match your first deposit so that if you put in £100 they will top it up to £200 for you. So, according to the system, you are already £100 up and playing with free money.

Don't believe any of this for one second

There is no software loophole or any such errors by the gaming sites. Believe me they are far more savvy than either you or I or any dodgy internet dealer. These sites are supported or invested in by major companies and with millions of pounds or dollars. They don't have loopholes.

The doubling of the bet is at least 300 years old and called the Martingale system. The casinos, both on-line and off-line, know of this. It does not work and they are VERY happy to take your money. The statistics shown to support the system are flawed (and that's me putting it nicely).

There are a number of reasons why this type of betting does not work.

It is betting, gambling – its in the title! In a casino environment that means that the house (the casino) has a statistical edge. That's how they make their money. They will make money overall, on every penny played. At the end of day, week, year the statistical odds will always pay the casino.

True, sometimes people win when they gamble, but overall you will loose. The more you pay and longer you play roulette, the more you will loose.

The Technical stuff

Now lets look at the most critical problem. Doubling your bet when you loose.

Assuming you start with £200. That's £100 of yours and a £100 the casino has given you as a joining present. Your first bet is £1 your second bet (assuming you lose, is £2. If you keep losing then it's 4, 8, 16, 32, 64....Now at this point you have placed £127 in bets and that leaves only £73. Not enough for another bet (£128 if you lose). So after only 7 loses the system has collapsed.

You could put more money in your account (that's what the casino wants) and try for an 8^th time? - and best case scenario lets assume you win. Hooray!. You now have £201. That last £128 bet has won you £1.

OK lets assume that you have enough money to make 8 bets and lets assume that you are 'lucky' and you win (on average) your £1 every 4 bets. That's 2000 bets to make your £500. At around 30 seconds a bet I make that something over 16 hours. Remember this system relies on your betting every turn of the wheel to take advantage of the 50/50 chance of one colour. So if you do decide to try it I strongly suggest you take a bottle with you or sit a porta-potty in front of the computer.

Oh, and just to rub salt into the wounds! You remember that the house always has an edge, well there are a 18 red numbers and 18 black numbers on a roulette wheel – PLUS zero which is neither red or black. In fact on an American wheel there are actually two zeros.

Now back to the statistics.

If you make 2000 bets and the odds of getting a zero is 1 in 36 (0 or 1-36) then you would expect to get a zero 55 times. That alone will seriously mess up your system.

Now look at the odds of getting a loosing streak of 8 bets (all the money you can muster). If the odds of getting a red or black is 1 in 2 (the basis for the whole system) then the odds for 8 consecutive reds or blacks are 1 in 2 for the first red, 1 in 4 for the second and through 8, 16, 32, 64, 128 to 1 in 256 for 8 consecutive reds. NOT as unlikely as you may have thought.

So 2000 bets and a 1 in 256 chance of 8 consecutive losses – not looking so favourable now eh!.

The Bottom Line

Avoid this one like the plague, don't get suckered into this false hope. The spiel is good and apparent logic in the sales pitch sounds great. Like most things that sound too good to be true, this truly is!