I’ve recently had a subscriber ask me about the Equitrack VSR System from Equinex Ltd who are based in Cheshunt, Herts.
This is a horse racing betting system. You buy a licence to their system and then use it to create “no lose” betting opportunities on exchanges such as Betfair.
The email read:
“I am considering investing in Equinex Ltd’s Equitrack VSR system and have been invited to a live demonstration of the system. I am contacting you to see if you or any members have any experience of this system or have heard anything good or bad about the system, before i potentially waste my time.
The system is a software programe called Equitrack VSR which shows what to bet on in horse races.
The blurb states that they have been the UK’s leading sports software provider since 1998.
The cost of the system is at present £3,500 (Three Thousand Five hundred pounds) exc VAT until 31st January 2007. usually £4,500.
In the last mail (29th December 2006) they are increasing the cost of the program to £5,500 after the 31st January 2007.
They base the return figures on a 10% compounding bank starting each month with £100 invested.
Figures for 2003: £36,813.
2004: £37,411.
2005: £22,338.
2006 (so far): £24,622. (projected to be circa £32,622).The sales letter is a simple 1 A4 page where it details the returns made monthly, the cost of the system and an invitation to attend a live demonstration (all of the mailings have just been to try and get me to attend a live demonstration) I assume that it is then that the hard sell may come into play.
The figures appear to be on the too good to be true side and the cost has kept me away from this opportunity, until now. They haven’t shut up shop and done a runner and i havent reard any negative press on them, so im thinking there may be some validity in the figures.
I’v tried to do some research on them, but there is very little available. I recently joined the Home business Alliance and their magazine “The Boss” has back issues available, they have Equinex listed in the contents of 4 issues going back to Jan 2003. I have recently ordered all of the magazines where Equinex is listed and will foward any info on to you if you require it.
Website addresss is http://www.equinex.com/EquinexV2/Home.html
Also: http://www.equitrack.net/homepage.htm
equinex’s email contact is admin@equinex.com
The address details are Equinex limited, Riverdene House, 140 High Street, Cheshunt, Herts, EN8 0AW. Tel: 01992 628688.
I have been recieving posts from them for at least 3 years now and it’s always been the same address and this is the address that is listed for them on the Companies House website.
My next step is to speak to one of them on the phone and ask abit more about the system and if they have staged payment methods etc.
Your comments would be appreciated”
Unfortunately, I do not know very much about horse racing, tipsters or betting exchange software so I cannot help.
However, I do know that many people out in the biz opps world are experts in the horse racing field so I would like to throw open the request.
Can anyone help me out here? Do you know anything about the Equitrack VSR System?
If so, please leave a comment here or contact me via the BizOppsUK Support Desk.
Thanks in advance,
Ben
I placed a comment earlier which was removed. I wonder who is doing that as I have been following this company for 5 years now and have unearthed interesting data.
Comment by Tom – February 8, 2012 @ 4:21 pm
I have tracked this company for nearly 5 years now and have complete details of how they work and what they do to manipulate
Comment by Tom – February 8, 2012 @ 1:10 pm
Almost Richard!
A close friend bought into it and got stung badly with those graghs that just about everyone failed with.
I was in contact by e mail with a guy who was using this new automated system that Equinex introduced. It failed spectacularly in November, and losing again he had enough.
For anyone who wants a system that does work look at ‘Favourites Phenonomen ‘, but don’t bet your shirt on it. All these systems depend on historical analysis and that’s not any sure basis for the future.
Comment by Adam – February 6, 2012 @ 11:19 pm
Adam you seem to know a lot of inside info, are you a customer ?
Comment by Richard – February 5, 2012 @ 9:11 pm
He has given up here. Turning his attention to conning his remaining customers with another system that offers hope then failure.
Comment by Adam – February 5, 2012 @ 2:47 pm
If it were working ( highly unlikely ) I’m sure Steven would be here telling you so.
Comment by Richard – February 4, 2012 @ 10:11 am
932 Looks like this thread will not get to a 1000. The thread seems to have fizzled out. Does anyone know how the new Equinex system is working out, perhaps Steve or Jon or Barry could tell us all. Come on Steve don’t be shy.
Comment by Bas – February 1, 2012 @ 10:30 am
We have all slagged Equinex off on this forum and come to the conclusion that it does not make a profit, unless you are Steve, Barry or Jon.
Does anyone know of any systems that do work. Ie trading systems,. I have been looking at BetAngel . I did use Betie for a while and they disappeared with £1k of my bank. I used Betie for a couple of years for trading without success as I obviously had to work and was not available during race times. They then offered an automated system which failed and as usual it was always the users fault. Ie phone line dropping,slow computer etc. They then offered to run the bank for you, as I had used their system for 2 years and their
customer service was good I decided to send them my bank.
However the two people running the system parted and things went downhill. Anyway to cut a lonstory short they dissapeared and did not answere my emails etc. I paid via pay pal but the guy Nessie as he was known has changed his Pay pal name when I checked back on the transaction.The original payee used his name which I cant remember
and when I accessed my account the name had been deleted and Betting profit software substituted. I know the guy lives in Hebden Bridge if I had a name I could trace him through electoral lists etc. I know they are selling another system now dont know what it is called though.
Comment by John – January 27, 2012 @ 6:09 pm
By believing that making money is what business is about Richard.
‘Business is business’ they would say, and forget about right and wrong.
Ted is right, in a recession people get made redundant and Equinex have tapped into that vulnerability. There is a human cost to Equinex’s scam activities.
Be reassured though that this blog is very high in the search engine
and Steven can advertise all he likes but most people do do their research and will see all of what we write. Apart from anything else I don’t see Equinex surviving much longer. New business is the life blood of any business and this blog has been very damaging to them.
Steven dosn’t even try and defend Equinex here now. What does that tell you?
Comment by Adam – January 27, 2012 @ 3:11 pm
Ibet it’s a con
I don’t know how these people sleep at night.
Comment by Richard – January 27, 2012 @ 10:50 am
Yes it is disgusting and some desperate people have lost their life savings, to similar companies,believing the ads in papers like the Mail and Times. These people may have been redundant at the time and were desparate for break which made them vulnerable at that time. You know it is probably a con but you convince yourself that it is your only chance to make a living. But this is the UK and the law does not protect you against scams of this sort.
Comment by Ted – January 20, 2012 @ 5:20 pm
iBet…….What have we got here, it is a bot? Well … iBet that this will guarantee equinex ntl £100 for a standard subscription… iBet that there will be excuses from equinex that people are not using it properly… ibet that oooooooooooooo make it up yourselves. Oh… a bot is something we sit on and we all know what comes out of our bot, don’t we.
Comment by ben jones – January 20, 2012 @ 11:41 am
I would seem obvious to me what has gone here.
Equinex had a system which relied on interpretation of some graphs etc. The problem was the graphs were difficult to judge. People go different results because the graphs were not clear.
Equinex had great results, why was this…. because they picked the horses the next day and published them on their website. When people questioned their results they told their clients that they must be selecting the wrong results, they could do this because the graphs were ambiguous. This was great for equinex as they could hide behind it.
However they never picked their horses until after the race. This blog got active with their clients voicing their concerns about Equinex’s activities. Steven tried to make up his excuses but he had been found out big time and I feel the negative post on here affected their business as people got warned about the “scam”.
Amazing how as soon as Equinex produce a bot to make the selections at the time of the race and they therefore have nothing to hide behind, it loses money. What they have done is basically proved that their system has never worked nor will it ever work.
Companies like Equinex really are a disgrace and the people who operate such companies should be banged up in the slammer because they know what they are doing.
Equinex you are disgusting
Comment by Jayson – January 10, 2012 @ 3:04 pm
Happy New Year to you too Myron.
I see ‘Jon’ is keeping his head down and doing his best not to defend the indefensible.
The evidence against Equinex appears to be mounting and I would predict 2012 will see their demise.
Comment by Adam – January 9, 2012 @ 7:10 pm
Is the latest update available? According to Equinex’s web site, they “anticipate this work will be completed by summer 2012 so, watch this space!”
Yet another CON. Look at their accounts, they cannot ‘afford’ six months development work. Their daily ‘Profits Screen’ has now been withdrawn from public display. Looks like they got tired of picking winners after the race.
CONNED, nice to see you back on this forum. I only wish I read your comments before I got fooled by Steve and his Con Trick into losing thousands of pounds. Hopefully any new enquirers will be more cautious and aware after reading this blog!
Regardless, can I wish all the CONNED a belated Happy New Year!
Comment by Myron – January 9, 2012 @ 5:06 pm
Hi Jon, which system are you using now? The original VSR, the VSR-X, the latest update, what! If the original VSR was making so much money for the members, then why not keep using it? If any body wants to buy this system(s) then let the buyer beware, CAVEAT EMPTOR. The only guarantees are that you have is you will be a few thousand pound down before you make another investment (bet) and EQUINEX will get some more subscription out of you and they will make commision on your bets with Betfair if they set up your account Nice work if you can tease the money out of the punters pocket. If I’m wrong then I’m sure Steven or Jon will tell me that I won’t go to heaven for being sure a disbeliever.
Comment by CONNED – January 2, 2012 @ 3:54 pm
Why,why,why is there new systems when all the others won so much so CONsistently ???????????????????????????????????
Comment by CONNED – December 31, 2011 @ 9:32 am
Any updates then on the new automated system?
I’m hearing that all’s not well and they had to revise the entire thing it was losing so much.
Goes to prove how much of a con it is, and how much ‘cooking’ was done with the graghs.
All that I hear convinces me that Steven and Equinex play for time and offer false hopes. All the while you are expected to subscribe to a system which all but a few (probably employee’s or false names)lose at time after time.
Comment by Adam – December 30, 2011 @ 1:31 pm