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John Howards 50/50 Staking System Reviews spinacoin.com Scam?

John Howard Staking System 50/50 Staking System John Howard 50/50 Staking John Hoard 50/50 plan John Howard System John Howard Betting Plan www.spinacoin.com spinacoin.com scam

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#1 Expert Money Blogger

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Posted 10 March 2012 - 01:57 PM

John Howards 50/50 Staking System Reviews Betting Scam? Is this a scam, anybody got reviews. Many members have asked if if the John Howards 50/50 Staking System is yet another betting scam, after the received a letter from John Howard in the post offering what he calls 'FREE' betting system.

John Howard claims to have made £23,728 using this system, when playing 50/50 chance games.

SpinAcoin.com is owned by the notorious Colin Davey. Click Here to read all about Colin Davey

We smell a big rat here, because nobody with a guaranteed gambling system 'gives' it away, do they. We suspect that John Howard is somehow connected with the website he tries to push you into joining for free, although of course that is the angle we 'think' Howard is coming in at.

Have you used the John Howards 50/50 Staking System betting plan, or are you tempted to use it after receiving John Howard's convincing letter.

In the letter that has been received by the public, John Howard is not asking for any money up front;. Instead he is asking that you simply send him £60 AFTER you have made £500. Hmmm. THIS is the reason we suspect that the website Howard is trying to get you to sign up to, has some affiliation to him.

Think about it. On average it will have cost John Howard 50pence to print and send his letters, and if he has sent this to 10,000 people, then this alone will have cost him £5000. He is NOT going to spend that kind of money out  of the good of his heart.

We advise you to be VERY careful here, as very rarely does ANY type of gambling provide consistent results, and John Howard will not be doing this for fun..

John Howards 50/50 Staking System Reviews Betting Scam?


Author: Robert Bond

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#2 Starchaser Katie

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Posted 10 March 2012 - 03:02 PM

A guaranteed betting system that is being given away for free?? Highly unlikely, but when people are desperate for cash, I suppose schemes like the John Howards 50/50 Staking System betting plan will become attractive to anybody looking for additional revenue.

Katie x
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#3 homeland

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Posted 10 March 2012 - 03:33 PM

My brother in law lost a LOT of money gambling on these type of betting systems and I would also say to AVOID THEM!!

#4 Willum

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Posted 11 March 2012 - 02:18 AM

To any one who may feel tempted by this letter

A few points about (a) his letter and (B) his system and © spinacoin.com.
(a) 65 years old - studied maths and probability at Oxford University. Very impressive except that he can't write a letter in correct English. Can you spot the grammatical errors?
Depending on how many letters he sends out - probability theory would predict that a small percentage of lucky punters will reach the £500 and therefore be happy to pay for his football betting system. They will eventually lose their £500 though.
If you had discovered  a system that makes £2800 per month - would you be telling the world (for free)?
(B) Believe me - his system does not work. It cannot work, and you would know this if you had only a basic knowledge of statistics. Very clever people have been trying to find such a system since time immemorial and have not succeeded.
There is only one theoretically foolproof system for making a consistent profit on 50/50 outcomes - the Martingale System - but you need virtually an infinate amount of cash and an infinately large maximum stake to make it work for ever. It only works in theory.

Just out of interest (I had nothing to do this evening) I generated a number of random coin spins on my computer and used them to test his system.
After 100 spins and betting on heads each time it showed a loss of £34. The magic £12 win that he cites will only occur when heads appears 4 times in a row. Long runs of tails are bad news as are runs of alternate heads and tails which occur more often than not.
Admittedly 100 spins is too low a number to test such a system properly - 10000 would be better - but it did give me an insight into the futility of this method.

© He talks about the roulette wheel having a zero (this is the casino's profit) as being a disadvantage and it is. It gives the casino an edge of just under 3% (1 in 36). It is then purported that spinacoin dot com is pure 50/50. It is not, because they take 5% commission on all winnings. Also the £5 bonus is subject to conditions.

This leads me to believe that Mr ex maths teacher has an affiliation with the gambling site as mentioned in a previous post.
I am glad he was not my teacher - otherwise things might have been very different!

Now rearrange this phrase:   a pole do barge with not touch

#5 Guest_David Graham_*

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Posted 11 March 2012 - 10:56 PM

I also noticed the grammatical errors.  My Dad recieved the letter, but I always remember him telling me about men employed by bookies that would go around telling punters about a tip they had heard, "from the horses mouth". This guy is obviously connected to the website. If anyone is in doubt; try the system out with a coin by yourself. It'll cost you nothing.

#6 Growler

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Posted 12 March 2012 - 05:12 PM

100% scam!

Edited by Growler, 12 March 2012 - 05:12 PM.


#7 Paulie Boy

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Posted 12 March 2012 - 06:23 PM

This is what really annoys me about these gambling systems, they are being pointed to people who they feel do not know any better. I have now had chance to look at this letter, and it is the biggest load of balony you will ever read. You could EASILY throw 20 heads in a row, or the opposite.

Do the people who send these letters thing we are fools??

<annoyed at this type of tripe being sent to hard working folks.

Throw the John Howards 50/50 Staking System letter stright in the bin!!

#8 Guest_LUMO_*

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Posted 13 March 2012 - 08:02 PM

My Dad has just started doing this and made £465 in about 5 hours......a cheque from the site is on its way for £150, so we'll see if it turns up?

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Posted 13 March 2012 - 11:02 PM

I suspect the John Howard letter came from Sovereign . I received two letters  identical in style and address errors to other mailshots I receive from Sovereign ( you know who) almost weekly. I think the matter should be more closely investigated though have no idea if anything could be done if it were
shown to be a scam.
I was tempted to try the system but soon realsed that I was unlikely to win . I advise everyone to treat this as a SCAM

#10 Forum Admin

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Posted 13 March 2012 - 11:22 PM

View PostLUMO, on 13 March 2012 - 08:02 PM, said:

My Dad has just started doing this and made £465 in about 5 hours......

Yeah right, course he did. You have more chance of throwing a £20 note in the air, and hoping £100 will come back down. And even if your Dad did win, it will be 100% by pure luck, and not down to any 'system'.  ;)

#11 jclare

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Posted 14 March 2012 - 06:31 PM

I turned over the envelope when I first received it as the postmark seemed familiar. I thought, "oh no, not another letter from Colin Davy".

I was surprised at the contents. The address is not far from dear Colin, and when I checked out the website certain things fell into place. Sovereign Group owns it. Yes, I remember them. Colin Davy again. No actual proper contact details on the site, which itself is illegal.

Oh yes, and you made that same mistake in my address, what a giveaway!

I am not too brilliant at maths, but good enough to cope with the edges of quantum mechanics, and I can spot at least two basic errors in the system. Not only that, you can, as an earlier post says, test it on your own computer, or, if you have the patience, use paper and pencil and a coin and a stack of pennies. You only need to do the six routines three times, and see how far you get. It wont take long as each time the coin falls the wrong way you either lose money or break even. The only time you can get ahead is if you get as far as the last routine and then win. Now, all you mathematicians, tell me what are the odds of that happening? It certainly isn't 50/50. If this guy was at Oxford doing maths he must have been stoned the whole time.

Just for fun (or bad luck for Mr Howards) I was at Wadham, and by the age he gives I assume he was at Oxford the same time as me. So, Mr H, what do you remember of the old alma mater? How about that Oxford Union bash with the Americans? Who else would you remember? Startling staff? Strange events? Tell us do. What am I saying? Dont bother. You're rumbled!

#12 jclare

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Posted 14 March 2012 - 07:02 PM

Sorry to add needlessly to this thread, but I do like maths.

The probability of a coin coming down one side rather than the other is 50/50. The second throw is an individual throw, and the probability is just the same, 50/50. The trouble with this system is that it requires more than a 50/50 chance on each of the first two throws, so you start out with an inherent disadvantage.

The second problem with the system is that you have to contend not just with the probability of one throw coming out right, but with a succession of throws, at least half of which have to come out right, and the probability is weighted heavily on the last throw, which in itself screws up the 50/50 claim.

I haven't the time to work it out, but at a rough guess the probability of winning over time cant be more than about 1 in 400, and could well be way worse than that. It's difficult to work out because each time you lose on the first two you dont get to do the other throws, so that distorts the calculation, and I've already got bored with this as it is so obviously statistically a way-out loser.

I would say this is an easy way for Colin to make money which is why he wants you all to play. Sounds like taking candy from a baby. If you play this you're nuts, ask any mathematician who's done even a basic course in probability.

#13 Forum Admin

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Posted 14 March 2012 - 07:27 PM

Thanks for your input on this, JClare! Much appreciated

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Posted 15 March 2012 - 08:38 AM

He also stated you can start of with as little as £1 stakes  -  wrong again minimum stake £2 so losses already doubled !!

I tried it, I lost so in the bin it went.

#15 Forum Admin

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Posted 15 March 2012 - 06:33 PM

View PostSmokie, on 15 March 2012 - 08:38 AM, said:

He also stated you can start of with as little as £1 stakes  -  wrong again minimum stake £2 so losses already doubled !!

I tried it, I lost so in the bin it went.

So this letter that has been sent out has worked on some people. He convinced you to spend money and lose it. Why didn't you do a Google search first?

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Posted 17 March 2012 - 10:24 PM

Minimum stake as quoted on site is £5 - maximum stake £25 - so you cannot even make the final bet in the series i.e  6 x £5 = £30.

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Posted 19 March 2012 - 04:14 PM

My uncle asked me to look into this system that he had in the post. I didn't tell him when initially looked at it but was instantly suspect to the "system" having studied A-Level maths. I went away and took a look for him anyway to satisfy my curiosity. Here is what I found on 19/03/12

Went to mentioned website and registered so I could take a look around. Thought that since I had a £5 free credit would give it a go (I wasnt hopefull lol) so loaded up the best of 3 game which Mr Howard prefered and looked around the page. First thing I noticed was I could place a min bet or £5 and a max bet of £5. So like waverley383 stated its not possible to make any of the bets.

Thought I would paper test the system like Willumhad for a bit anyway so fired up excel and chucked a couple of calculations together and was actually supprised by the results. I run the calc over 65533 cycles and came out in profit. I can send the calcs I used to anyone who would like to take a look but the spreadsheet is 17MB

I know that this uses true probability where the event is completely random and I suspect that there is something with the mentioned website which stops this from actually happening but I believe that the system is actually a good one in the ideal world where there is no variable.

Anyway just thought I would give my 2p worth. I will be advising my uncle not to use the system with the website as I dont believe it will work out as my results have.

Jonny

#18 Growler

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Posted 19 March 2012 - 04:46 PM

Interesting, Jonny. I agree with you, the theory rarely pans out to real life, and when dealing with cash it is a lot to gamble with to see if it works.

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Posted 19 March 2012 - 10:55 PM

I am a forex trader and laws of probability play some part in my strategies. I have degrees in both mathematics and law. I have built and sold two successful companies and spent 5 years developing successful forex strategies following the sale of the second of those companies. One of my staff passed a copy of this "free" letter to me and asked me to run it through some of our probability analysis software.

Assuming smoothing over 250,000 spins using John Howards system will lose between 3% and 7% of the amount staked. The mathematics are relatively straightforward. My employee put the letter in the bin and we went to the pub where he thanked me and bought me a pint for saving him from wasting money on this rubbish.

Nordy.

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Posted 20 March 2012 - 01:56 PM

The two readers near the top should check their spelling before they criticise Mr Howard's grammar. 'Infinately' = infinitely, and 'recieved' = received.

Yes, I should get out more.





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