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As we have stated previously we do not charge upfront fees to be associated or use our services. We work on a profit sharing arrangement where we take a percentage of profit generated at the end of each week. The percentage of profit we take is determined by the size of the associated starting bank at the start of each week. A week of trading starts on Monday and finishes on Sunday. The percentage of profit we take is listed below under the commission scale for USD, GBP and AUD.
We believe in taking every possible step to ensure that you are comfortable with your investment in this venture. With this in mind when you join you do not deposit funds into trust with us to trade on your behalf. All funds are kept in your own account under your own name so you can be assured that you have total control of the movement of the associated funds between your betting account and your bank account. Only you have the ability to make deposits and withdrawals from your account.
At the end of each Sunday you will receive via email an account recognition statement that will detail all the activity on your account for the past week showing a final profit figure from the week. This statement will give you payment details so that you can make your payment to us for the percentage of profit owing from trading for the past week based on the commission rate associated to your starting bank from the start of that week of trading.
You are more than welcome to make withdrawals from your betting account at any stage for your own personal use. All that we ask is that if you do make a withdrawal at any stage please advise us via email so that we the level of trading is not effected negatively. We do not want the scenario to develop where you may be trading with £10000 at the start of the week and then you withdraw £3000 in the middle of the week leaving only £7000. This is because we set the risk factor at the start of the week and during that week would be trading to risk £500 or 5% per horse we lay then all of a sudden by making the £3000 withdrawal for the balance of the week we would be really risking 7.14% per horse we lay as £500 is 7.14% of £7000. We prefer that you make withdrawals at the end of each trading week once trading on Sunday has finished but if you must make a withdrawal midweek for some reason it is imperative you contact us via email to tell us so that we can adjust the risk factor on your account for the reason noted above.
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