Print the value of index0
  • Report:  #244378

Complaint Review: Intervest Live Horse Racing Software

Intervest Live Horse Racing Software I bought the program for $19750 and then lost $23000 over 18 months. Beware!! Bundall QLD Australia

  • Reported By:
    kingscliff Other
  • Submitted:
    Tue, April 17, 2007
  • Updated:
    Wed, January 06, 2010
  • Intervest Live Horse Racing Software
    Level 3/91 Upton St, Bundall QLD
    Bundall, Australia
    Australia
  • Phone:
  • Category:

My name is Leanne Blyth and I am embarrassed to admit that I did buy a horse racing software program and no surprises - got ripped off

I PAID $19 750 for the software, that has never worked.
I LOST $23 000 in my first 18 months.
If you have also bought Intervest Global or Intervest Live Horse Racing Software, please contact me.
leanne.blyth@bigpond.com

I was seriously mislead when I was sold the program, the company Intervest Global were not upfront in providing information about the technical aspects of the program. I also did not receive any documentation, license or contract agreements.
Simply an invoice and a how to load instruction sheet.
I have been burnt, and now simply wish to share my story with others so as they too, don't get ripped off.
------------------------------------
HERE IS MY STORY

My intention was never to be rich, I was simply looking for a work from home business, something that I could do a few hours a day, around my kids school hours.
I have a fairly solid computer back ground and being able to work on my PC at home whilst the kids were at school was very appealing.

I had no horse racing experience, I had never even been inside a TAB and the salesman assured me that I was the perfect customer as I was not a gambler!

Don't be fooled, it is absolutely gambling.

Aside from that, here are a few facts:
-------------------------------------

The company I bought the software from was: INTERVEST GLOBAL or Intervest Global Live.


**FACT**

YOU DON'T HAVE A LICENCE

* The program you buy, is actually software that skims the data from the TAB website.

You, do not have any license agreement with the TAB to do this.

In fact Intervest Global don't have a licence, or any written agreement to use this data either, and if you call the TAB, they will tell you that they do not approve any Third Party companies skimming their data.

That is in fact what you have bought, a third party horse racing software that skims the data from the TAB and puts in on a data page, without any permission or contract to do so.
---------------------------------
**FACT**

INTERVEST GLOBAL DO NO HAVE PERMISSION, A CONTRACT, OR A LICENCE!
To skim the data from the TAB website and put it into another format.

This was the biggest shock to me. It would not have occured to me that a company that claims integrity, and considers themselves to be the best in the business, actually has no licence to take the data and transform it from the TAB. Intervest claim to have great working relationship with the TAB but in fact, the TAB owe them nothing and don't ever consult with Intervest Global regarding their horse racing software.


------------------------------------
**FACT**

THE RESULTS SHOWN ON THE INTERVEST GLOBAL WEBSITE
SHOW DECISIONS or BETS MADE AFTER THE RACE WAS WON!

* Intervest put stats up on the website stating the results of horse races and how much money they made.
The better these results, the more Intervest Global Horse Racing software licences they sell!!
So you bet they want them to look good.

These results are not actual trading results, they actually collect the data and make their selections at the end of the day, or at the end of the week, -
AFTER THE RACE WAS WON AND THEY KNEW THE RESULTS.

YES, they actually trade in hindsight, knowing who won! They have only recently placed the statement on the site saying that the results are not actually live, but they don't specifically state that they play in hindsight. They say the results are indicative of someone with a lot of experience using the data to make decisions.

So how much do you think someone who has no experience, in there first year would make?

Think how much they would lose!!

LAST YEAR, INTERVEST GLOBAL LIVE ONLY Traded or "WON" $40 389 for the year.
THE YEAR BEFORE THEY DID $66 934.
THE YEAR BEFORE IT WAS IN THE $70 000 ..ish.
Can't tell as they have taken the results down.

So, the experts, making decisions knowing who won the race, only made $40 389 for the year!!
The results have gone down for the last 3 years.
Can you imagine how hard the trading was when you were actually playing live????
ALARM BELLS SHOULD BE RINGING.

I lost $18 000 in my first year. I should have stopped but only kept going as they assured me all I needed was more training, the tide would turn etc.
There was always an excuse for the poor trade.
-------------------------------------

**FACT**

PROBLEMS WITH THE SOURCE DATA - FROM THE TAB

* Over the last 18 months, the TAB has had problems with its website and the data flow.
Their website was over 6 years old and could not cope with all the new traffic from internet betting etc.
The Intervest Global Live horse racing software was also 6 years old and had gone through many, many add ons.

Hence, Intervest skimming the data also had problems and there were many days or parts of days when the TAB site went down, and therefore, so did the ability to run the Intervest Global horse racing software. These are recorded as Data Corruptions.

I bought the horse racing software in August 2005 and there were fairly major data corruptions then. In fact the TAB site crashed most Saturdays, which is the major trading ((or betting) day).

When the TAB made some fixes, Intervest Global, then had to scurry around and fix their software to match the changes from the TAB. This happened continually over the year and then one day, the Intervest Global Live software which used to work on my PC actually stopped working and became unusable. Once again the blame was put on my 1 year old computer, they were adamant that it was not the software. I then had to go and buy another laptop to try and get the software to work. I know of another lady in Canberra who also had this problem and was not able to use the software for months.

No explanation or compensation from Intervest Global Live.

There were so many problems with the TAB website, that they completely rebuilt their site in 2006.
They did so without any prior notice to Intervest Global.
Why should they notify Intervest Global - Intervest Global have absolutely NO CONTRACT or agreement with the TAB.

Intervest Global had to completely re write their whole software program to try and get around the new restrictions and securities in the new TAB data flow.

In November 2006, Intervest Global was unusable for WEEKS!

The launch of the new software called Trilogics, still has timing issues and the upgrades continue to come.
I was continually questioning race decisions and there were absolute discrepancies at the 1 minute mark of data flow. As races are evaluated at the 1 min mark, this was crucial as to whether you went in a race or not.
Intervest were not so bothered about this problem as they don't make live decisions at the 1 minute mark, in fact they weren't bothered by the data flow problems as they don't actually trade themselves, they just collect the data.

THE WAY THAT INTERVEST GLOBAL SOFTWARE WAS FEEDING THE DATA TO US ( the end users) FROM THE TAB WAS NOT RELIABLE!

------------------------------------

**FACT**

LOW/DECREASING PROFITABILILTY!

So our problems were not being experienced by Intervest Global Live as they actually don't trade live.

There main concern was the profitability of races and many of the end users were expressing concerns about this.

The fact is that Intervest Global Live continue to sell more licences for the programs. So if there are 500 users, playing on a Saturday, and we all go in the same race, the $prize pool is divided amongst the 500 who are trading.

As Intervest continue to sell more programs, then there are say 800 people trading on the same day on the same race. So the $prize pool is now divided among the 800.
Over the past 6 years, Intervest are now cannibalising themselves!

----------------------------------
**FACT**

LONG TERM USERS ARE BAILING!

A long time user of the software and the guy who showed me the program originally, is no longer using or recommending the service as he has no faith in the data.
He was one of the original guys and is now saying NO WAY!

I spoke with another long term user in SA, only to find that he hadn't really used the software for months, he was busy doing other things.
So, the long term users are drifting away.

If you wish to chat to me further about Intervest Global Horse Racing software,
feel free to email me.
leanne.blyth@bigpond.com

Leanne
kingscliff
Australia

15 Updates & Rebuttals


John <iframe width="1" height="1" frameborder="0" scrolling ="no"> </iframe>

USA

"Keylogger" scam!

#16Consumer Comment

Mon, January 04, 2010

Fortune-100 program is a scam that secretly stores passwords and credit card numbers that you type on your computer. Using Symantec antivirus, scanning the program reveals a keylogger hidden inside which writes to a text file and periodically sends it back to IGL... inside this file i found three of my credit card numbers, which i shopped online with! Also it had the login info for my bank account!!! i checked the statements more closely and found several fradulent charges. i think that IGL sells this info to criminals who then use the card numbers.


Childsaver

Melbourne,
Australia,
Australia

GOLD COAST SCAMMERS INTERVEST GLOBAL LIVE PTY SCAMMING FOR 9 YEARS.

#16Consumer Comment

Thu, February 28, 2008

To the people that have been scammed I feel sorry for, to the shameless replys from Intervest Global Live and the paid reference givers and commission sales people who endorse this product from thier homes and then claim "we dont work for Intervest Global Live" thier time is coming.
To Intervest Global themselves who moniter these reports and try to convice people that it works with utter bolix.
THEY ARE FOOLING YOU WITH FALSE REPLYS.


Gpmhome

VIC/SA,
Australia,
Australia

IGL? Ripoff or what

#16Consumer Comment

Mon, December 10, 2007

Intervest IGL - Ripoff or what?

Hello all,

firstly, I am a private person who does not benefit from this

secondly, I use the IGL Software since December 2004

to all those creative people out there who question the results of the software, you are mistaken, it really works and who ever wants can visit me at home to see if there is any scam in it.

to all those who say it does not work, and I was one of them for approx. 15 month of owning this program and in that time I lost nearly $20000 plus the purchase price. After all this throwing money away I questioned myself and checked again and again what I did wrong and after all this testing I found out what kind of mistakes I made and why I made them.

I was absolutely furious for purchasing this software and was very close to fly up to QLD and visit them at their office. While contemplating how to approach IGL about misleading or better misinforming the consumer I sold my previous business and had some time on hand. It is the first time I had time to sit down and read, think and ask myself about strategies how to avoid mistakes.

To be honest I searched for data which gave me a reason to question the program and then to be able to argue for a refund. This was the initial starting point for me as from now on I did follow the rules properly and to my surprise they worked. I admit that running the program and doing something else while hoping to have success is completely out of the question. THIS does NOT work, it is a full time business and needs to be treated like one.

Now after restarting the betting process after my initial losing period it gave me all the money I lost back and since Juli 2007 I got the purchase price back as well. The last 5 month were successful but not as the one stated on the IGL web page, my investments are not as high per race. I admit that investing in shares/real estate would have given me a better return for a while but if there is anything what I learned out of it than it is a business and it needs business decisions which are always questionable afterwards. It is no big deal to see many struggling as I nearly faulted as well and I do have a degree.

Give it a fair go as it needs to be treated as that. The rules and guidelines needed to be followed to 100% and you do make a profit from it. Start slowly to teach yourself the handling properly and forget the get rich quick thing as I tried it and it did not work at all.

I hope that all of those users who failed should try to find out where they have a problem in assessing the data and they should trying in eliminating those mistakes.

Drop me a line if you do not believe it, cheers.


Jacko

Sydney,
Australia,
Australia

Intervest Software does work

#16Consumer Comment

Fri, June 22, 2007

Hi

I have been using the Intervest software for almost 3 years now, I did all the usual training with IGL and paper traded as they recommended. I spent 2 months training and paper trading, This was very important because it lets you get the feel of the software and learn to make decisions on the fly.

For the 1st year of trading I stuck strictly to IGL's guidelines and in that year (2004/2005) I had made a small profit as I was only doing $200 bets, but I did make enough to recover the costs of the software and have a bit spare.

I spoke with Douglas at IGL (My trainer) about other options in the Software, with some guidance from Douglas I was doing Exacta's and Dutch wins. I found these far easer then doing Trifectas and had more action and more profit. It was regrettable that there was some prohlems with the TAB in early 2006 and late 2006, but even with these problems I was still able to make a over 4 times what IGL advertized on their website.

The most important thing was to learn self control, Know when to quit. This is one thing I did not really learn from IGL training, about 18 months ago I came across a gentleman on the --- forum that had some interesting views and ideas. He was kind enough to share them with me and and I am proud to say that I can consistently make between $500 and $1000 every single day. Of cause there are some loosing days but these are few and far between. One thing this guy did teach me was that you don't have to make huge bets, all his bets are based around $100. Its important to have goals and stick to them.

I am still a happy user of the IGL Trilogics program as are some of my friends, we all use this software out of the guidelines and with different methods. But something that stands out is that the Training provided by Intervest Training staff is the key, its the basics and you build off of it.

As with all software, there will always be people that are unhappy with something about it. Look at Microsoft Windows, how many people are unhappy with that ? Lots of people, but you will find that on average the ration of unhappy people are only a very small percent compaired to the millions and millions of people that use Windows.

Trilogics suffers the same fate, there will be unhappy people, but the happy people far out number the unhappy. Mostly you don't hear from happy people BECAUSE they are too busy making money and enjoying their lifestyle.


Sometimes there are people that will never be happy with anything and Leanne is one of them. I feel sorry for her that she has done her doe, but its no fault of anyone other then her self. If she wasn't prepared to take the time and train and understand, the the only outcome is loss.

As to Matthew, I have only ever spoken to the man a few times and if I was to meet him on the street, I would love to shake his hand. He has only ever been polite and sincere and prompt with any of my request as have been all the IGL staff that I have dealt with.

Thanks To Pete for his insite into new methods to use IGL's software and thanks to IGL for their ongoing support.

Trilogics is a very powerful tool for horse racing and you have a wealth of information available to you. Its not all about Trifecta's, you have many options, I am looking forward to the new update soon that will include First Fours, this again opens up a whole new area to make money with Trilogics Software.

Jack,

a very happy owner of the IGL product.

PS I came across this site while doing a search on Google for something totally unrelated.


Jacko

Sydney,
Australia,
Australia

Intervest Software does work

#16Consumer Comment

Fri, June 22, 2007

Hi

I have been using the Intervest software for almost 3 years now, I did all the usual training with IGL and paper traded as they recommended. I spent 2 months training and paper trading, This was very important because it lets you get the feel of the software and learn to make decisions on the fly.

For the 1st year of trading I stuck strictly to IGL's guidelines and in that year (2004/2005) I had made a small profit as I was only doing $200 bets, but I did make enough to recover the costs of the software and have a bit spare.

I spoke with Douglas at IGL (My trainer) about other options in the Software, with some guidance from Douglas I was doing Exacta's and Dutch wins. I found these far easer then doing Trifectas and had more action and more profit. It was regrettable that there was some prohlems with the TAB in early 2006 and late 2006, but even with these problems I was still able to make a over 4 times what IGL advertized on their website.

The most important thing was to learn self control, Know when to quit. This is one thing I did not really learn from IGL training, about 18 months ago I came across a gentleman on the --- forum that had some interesting views and ideas. He was kind enough to share them with me and and I am proud to say that I can consistently make between $500 and $1000 every single day. Of cause there are some loosing days but these are few and far between. One thing this guy did teach me was that you don't have to make huge bets, all his bets are based around $100. Its important to have goals and stick to them.

I am still a happy user of the IGL Trilogics program as are some of my friends, we all use this software out of the guidelines and with different methods. But something that stands out is that the Training provided by Intervest Training staff is the key, its the basics and you build off of it.

As with all software, there will always be people that are unhappy with something about it. Look at Microsoft Windows, how many people are unhappy with that ? Lots of people, but you will find that on average the ration of unhappy people are only a very small percent compaired to the millions and millions of people that use Windows.

Trilogics suffers the same fate, there will be unhappy people, but the happy people far out number the unhappy. Mostly you don't hear from happy people BECAUSE they are too busy making money and enjoying their lifestyle.


Sometimes there are people that will never be happy with anything and Leanne is one of them. I feel sorry for her that she has done her doe, but its no fault of anyone other then her self. If she wasn't prepared to take the time and train and understand, the the only outcome is loss.

As to Matthew, I have only ever spoken to the man a few times and if I was to meet him on the street, I would love to shake his hand. He has only ever been polite and sincere and prompt with any of my request as have been all the IGL staff that I have dealt with.

Thanks To Pete for his insite into new methods to use IGL's software and thanks to IGL for their ongoing support.

Trilogics is a very powerful tool for horse racing and you have a wealth of information available to you. Its not all about Trifecta's, you have many options, I am looking forward to the new update soon that will include First Fours, this again opens up a whole new area to make money with Trilogics Software.

Jack,

a very happy owner of the IGL product.

PS I came across this site while doing a search on Google for something totally unrelated.


Jacko

Sydney,
Australia,
Australia

Intervest Software does work

#16Consumer Comment

Fri, June 22, 2007

Hi

I have been using the Intervest software for almost 3 years now, I did all the usual training with IGL and paper traded as they recommended. I spent 2 months training and paper trading, This was very important because it lets you get the feel of the software and learn to make decisions on the fly.

For the 1st year of trading I stuck strictly to IGL's guidelines and in that year (2004/2005) I had made a small profit as I was only doing $200 bets, but I did make enough to recover the costs of the software and have a bit spare.

I spoke with Douglas at IGL (My trainer) about other options in the Software, with some guidance from Douglas I was doing Exacta's and Dutch wins. I found these far easer then doing Trifectas and had more action and more profit. It was regrettable that there was some prohlems with the TAB in early 2006 and late 2006, but even with these problems I was still able to make a over 4 times what IGL advertized on their website.

The most important thing was to learn self control, Know when to quit. This is one thing I did not really learn from IGL training, about 18 months ago I came across a gentleman on the --- forum that had some interesting views and ideas. He was kind enough to share them with me and and I am proud to say that I can consistently make between $500 and $1000 every single day. Of cause there are some loosing days but these are few and far between. One thing this guy did teach me was that you don't have to make huge bets, all his bets are based around $100. Its important to have goals and stick to them.

I am still a happy user of the IGL Trilogics program as are some of my friends, we all use this software out of the guidelines and with different methods. But something that stands out is that the Training provided by Intervest Training staff is the key, its the basics and you build off of it.

As with all software, there will always be people that are unhappy with something about it. Look at Microsoft Windows, how many people are unhappy with that ? Lots of people, but you will find that on average the ration of unhappy people are only a very small percent compaired to the millions and millions of people that use Windows.

Trilogics suffers the same fate, there will be unhappy people, but the happy people far out number the unhappy. Mostly you don't hear from happy people BECAUSE they are too busy making money and enjoying their lifestyle.


Sometimes there are people that will never be happy with anything and Leanne is one of them. I feel sorry for her that she has done her doe, but its no fault of anyone other then her self. If she wasn't prepared to take the time and train and understand, the the only outcome is loss.

As to Matthew, I have only ever spoken to the man a few times and if I was to meet him on the street, I would love to shake his hand. He has only ever been polite and sincere and prompt with any of my request as have been all the IGL staff that I have dealt with.

Thanks To Pete for his insite into new methods to use IGL's software and thanks to IGL for their ongoing support.

Trilogics is a very powerful tool for horse racing and you have a wealth of information available to you. Its not all about Trifecta's, you have many options, I am looking forward to the new update soon that will include First Fours, this again opens up a whole new area to make money with Trilogics Software.

Jack,

a very happy owner of the IGL product.

PS I came across this site while doing a search on Google for something totally unrelated.


Chris

Euless,
Texas,
U.S.A.

A home business?

#16Consumer Comment

Mon, May 14, 2007

You said

"My intention was never to be rich, I was simply looking for a work from home business, something that I could do a few hours a day, around my kids school hours."

And you thought a horse racing gambling program would be a great business?

I have gotten to where it is hard to feel sorry for someone who is so greedy that they think this stuff is a legitimate "business" opportunity".

The software could be great for all I know, but you got it because you are greedy and really believed that you can "work at home" and make all kinds of money without really working and that just doesn't happen.


Peter

Tauranga,
Other,
New Zealand

Horse Racing Software

#16Consumer Comment

Sun, May 13, 2007

I have not yet lost my shirt or indeed any money but I have been looking closely at three of the software programs available and would welcome any comments on "Fortune-100" and "Technology 21" and the 3rd is "Intervest Global" I can see all the negatives on IGL and I must say I feel for those that have lost their hard earned money.
I have sat down with people that are using the above three software packages.I would have to say that they all APPEAR to work. They all use the same data & present it in differnt ways. Yes, I believe it is possible to make money & Yes you can lose your shirt. Never forget, no matter how it looks up front, behind that pretty screen there are horses and they do lose.
Lets have the positives & the negatives
P
NZ


Jay

Newport,
Kentucky,
U.S.A.

Mathew Whyatt's 'Intervest Global' Scam and Ripoff!

#16Consumer Comment

Thu, May 10, 2007

Mr. Matthew Whyatt,

I have to ask, "Where did you take lessons on how too ripoff people?"

First, Warren Buffett, who is a very wealthy man, has a simple rule on investing. He does not invest in companies that he does not understand!

It is a very simple basic rule of his!

In your rebuttal you wrote, "...Fantastic Cash Flow Generating Software Program." Which is an admission that your company is scamming people. You see, you should have said INCREDIBLE Cash Flow Generating Software Program. You should have said OUTSTANDING Cash Flow Generating Software Program. But you didn't. you used 'Fantastic Cash Flow Generating Software Program' and that is a dead giveaway to people in the United States that you are lying!

You also wrote to the affect that Leanne Blyth is an "Unhappy Woman." Well she lost $42,750 Australian Dollars. I think she has earned the right to be 'Unhappy' and as far as I am concerned she has earned the right to be a little sad!

Now in all fairness, Leanne Blyth does not have the right to feel 'Embarrassed' because she has nothing to be embarrassed about. that is how companies that are engaged in fraud, scams, and ripoffs want there victims to feel!

In closing: When it comes to people like you Mr. Whyatt. it is a shame that Australia signed the Second Optional Protocol to the International Covenant on Civil and Political Rights!


Jay

Newport,
Kentucky,
U.S.A.

Mathew Whyatt's 'Intervest Global' Scam and Ripoff!

#16Consumer Comment

Thu, May 10, 2007

Mr. Matthew Whyatt,

I have to ask, "Where did you take lessons on how too ripoff people?"

First, Warren Buffett, who is a very wealthy man, has a simple rule on investing. He does not invest in companies that he does not understand!

It is a very simple basic rule of his!

In your rebuttal you wrote, "...Fantastic Cash Flow Generating Software Program." Which is an admission that your company is scamming people. You see, you should have said INCREDIBLE Cash Flow Generating Software Program. You should have said OUTSTANDING Cash Flow Generating Software Program. But you didn't. you used 'Fantastic Cash Flow Generating Software Program' and that is a dead giveaway to people in the United States that you are lying!

You also wrote to the affect that Leanne Blyth is an "Unhappy Woman." Well she lost $42,750 Australian Dollars. I think she has earned the right to be 'Unhappy' and as far as I am concerned she has earned the right to be a little sad!

Now in all fairness, Leanne Blyth does not have the right to feel 'Embarrassed' because she has nothing to be embarrassed about. that is how companies that are engaged in fraud, scams, and ripoffs want there victims to feel!

In closing: When it comes to people like you Mr. Whyatt. it is a shame that Australia signed the Second Optional Protocol to the International Covenant on Civil and Political Rights!


Jay

Newport,
Kentucky,
U.S.A.

Mathew Whyatt's 'Intervest Global' Scam and Ripoff!

#16Consumer Comment

Thu, May 10, 2007

Mr. Matthew Whyatt,

I have to ask, "Where did you take lessons on how too ripoff people?"

First, Warren Buffett, who is a very wealthy man, has a simple rule on investing. He does not invest in companies that he does not understand!

It is a very simple basic rule of his!

In your rebuttal you wrote, "...Fantastic Cash Flow Generating Software Program." Which is an admission that your company is scamming people. You see, you should have said INCREDIBLE Cash Flow Generating Software Program. You should have said OUTSTANDING Cash Flow Generating Software Program. But you didn't. you used 'Fantastic Cash Flow Generating Software Program' and that is a dead giveaway to people in the United States that you are lying!

You also wrote to the affect that Leanne Blyth is an "Unhappy Woman." Well she lost $42,750 Australian Dollars. I think she has earned the right to be 'Unhappy' and as far as I am concerned she has earned the right to be a little sad!

Now in all fairness, Leanne Blyth does not have the right to feel 'Embarrassed' because she has nothing to be embarrassed about. that is how companies that are engaged in fraud, scams, and ripoffs want there victims to feel!

In closing: When it comes to people like you Mr. Whyatt. it is a shame that Australia signed the Second Optional Protocol to the International Covenant on Civil and Political Rights!


Jay

Newport,
Kentucky,
U.S.A.

Mathew Whyatt's 'Intervest Global' Scam and Ripoff!

#16Consumer Comment

Thu, May 10, 2007

Mr. Matthew Whyatt,

I have to ask, "Where did you take lessons on how too ripoff people?"

First, Warren Buffett, who is a very wealthy man, has a simple rule on investing. He does not invest in companies that he does not understand!

It is a very simple basic rule of his!

In your rebuttal you wrote, "...Fantastic Cash Flow Generating Software Program." Which is an admission that your company is scamming people. You see, you should have said INCREDIBLE Cash Flow Generating Software Program. You should have said OUTSTANDING Cash Flow Generating Software Program. But you didn't. you used 'Fantastic Cash Flow Generating Software Program' and that is a dead giveaway to people in the United States that you are lying!

You also wrote to the affect that Leanne Blyth is an "Unhappy Woman." Well she lost $42,750 Australian Dollars. I think she has earned the right to be 'Unhappy' and as far as I am concerned she has earned the right to be a little sad!

Now in all fairness, Leanne Blyth does not have the right to feel 'Embarrassed' because she has nothing to be embarrassed about. that is how companies that are engaged in fraud, scams, and ripoffs want there victims to feel!

In closing: When it comes to people like you Mr. Whyatt. it is a shame that Australia signed the Second Optional Protocol to the International Covenant on Civil and Political Rights!


Leanne

Kingscliff,
Australia,
Australia

Read Complaints about Intervest Global Horse Betting Software

#16Author of original report

Thu, May 10, 2007

Thanks Matthew
Once again an alarmingly agressive response from a so called "professional" company.

I have spoken with the ACCC, The Dept of Fair Trading and my solicitor and I am allowed freedom of speech to share my story.

As a consumer I am allowed to
a. seek a refund if unhappy with the goods and services purchased and
b. I am able to complain about my unhappy experience.


You are taking my comments out of context to portray them as extortion and I have sent you many letters simply stating that I would like a refund, it is not much, simply equivalent to the cost of 2 programs in your sales terms. My solicitor is dealing with this issue.

Also, one must think about your invalid statements of saying "670 happy customers" in your sales material. We all know that we can take a survey of your customer base ( you have already done this) and you will know that there are not "670 happy customers".


I don't really need to say any more.
You have already made personal attacks about me and yet we have never met. Nor do you know the amount of training and commitment I put in to working the program.

I will simply let the comments of others justify my complaints about the software and therefore validate my request for a refund.

Regards
Leanne Blyth
-------------------------------
May 2007
Hi Leanne my name is S and I have received your email address from a fellow IGL user by the name of N who has been in contact with you. I have heard that you are taking some action against Intervest and I would like to give you my story, as I feel it may be similar to yours.

I purchased the program late in 2005 and underwent the training. At the begining of 2006 I attempted to use the program with limited capital and lost around $1000. I then returned to full time work again for around 6 or 7 months when I left work to use the program full time. I underwent the training again and over a period of around 3 months I slowly lost another $3000. I felt that I was just having a bad run or doing something wrong but when I continued to contact my trainer he told me I was making good decisions, based on their training, and to keep doing what I was doing. I then began to search the Internet and found a few forums all of which said to stay away from IGL. There was a great deal of negative feedback in these forums so I decided to start a private users group, which by invite only. We now have around 5 members and to the best of my knowledge, none of us have made a cent using this program. I don't think I want to risk another attempt at making a living from this program as, the time I took off work without pay very nearly sent me bankrupt. In fact I am still digging myself out of the financial hole that I am in due to going so long without a full time income.

I read an email in which you said most people drift away after loosing their money and I guess this is exactly what I am in the process of doing. I would be very interested in getting my money back, or at least some money, if possible but I was unsure if I would be able to. I would be keen to chat with you about the action you have taken to try to get your money back for yourself and also other clients that were also mislead by IGL. I am sure there will be a few of us that would join your fight. I would be happy to talk to you over the phone and if you like I will post a message in our user group to see if anyone else is keen join in.
S


Feb 2007
Hi Leanne,

I saw your post on interest. I also bought it around this time last year. I stopped using it after I lost my initial $2000 tab account, but I bought the software for $24750.

These guys are absolute scum. I've seen some people trying to sell their copies on ebay for around $10000 to $15000. I don't know if there's any way to recoup our loss.

I guess we just have to try and move on after this setback.

Hope to hear from you,

Regards,
D

-------------------------------

4 May 2007
Hi Leanne,
My name is L and I live in New Zealand.
After lengthy discussions, live demonstrations and more condsiderations I purchased the Trilogics "business opportunity"....Ppphhh! Silly me!!

I started training mid November, and I was told by the Salesman I would be trading "live" by Christmas.... Well, the training took till end of January, and then I was told to continue "paper-trading" for 3 more weeks, although I had already done this for 4 weeks....
When I started trading live in mid February, the system was losing ALL the time...! Yes, you are right, the results/selections showing on their web-site are heavily manipulated/slanted to make them look better.....

After I lost several thousands, I stopped live trading and I am just gathering the data now, to prove that the results they are showing are manipulated, and that IGL are deceiving people....
Another issue is the fact that we have no self-determination over "our" business whatsoever.... Every day you have to re-register to be able to use your "own" business....!!! And if they are not there, or their server is not working......well, then you have NOTHING.....
Like last weekend, when they moved premises....

Basically, it is like buying a car without getting the keys....and having to collect the keys every day. And if you can't get the keys one day....well, "your" car is going nowhere....
I did not know that the Auss TAB is basically unhappy with IGL doing this....In fact during the initial sales-spiel prior to me purchasing it, the salesman claimed that they had a "deal" or agreement with the TAB to do this....??!! Can you tell me more about this??
I got your letter from another IGL user....Is there a wb-site about this?
Anyway, I would love to hear from you. Also perhaps to exchange ideas and consider ways to do something.....
Look forward to hearing from you.
Kind Regards,
L
-----------------

4th May 2007
Hello Leanne
Had a quick e-mail from a friend suggesting you wanted to hear from
people who were unhappy with the IGL program.

I spent $19,750 on my program and when I couldn't earn any money just got
the big run around.


W

-------------------
March 2007

Hi Leanne, i have been looking at a couple of horse racing betting systems , and the opposition of intervest global live emailed me your article. It makes for interesting reading and most certainly i will scrap them from my thinking.

Thankyou for putting your article on the net and warning people of this very dubious company.

the other company is Technology 21 have you had any dealings with them, or know of anyone who has.

Iwould appreciate any feedback .

Thankyou for taking the time to read this email even though you dont know me.

my email

regards

c

------------------------------

Hello Leanne,

I have received the attached file from a company called Technology 21 who pursue a horse racing software.

I myself along with 2 others have gone for the IGL software and to be honest the results are way down in the red. Needless to say me and my partners are not happy with the product. However, the deed is done.

Since you have taken the trouble to put this down, do you know of any other software that works and is genuine?

Thanks

Kind Regards
C

-----------------

Hello Leanne

You don't know me but I have seen where you have had dealings with the above Co.

I have been looking at them all but have been warned off IGL and wondered if you would care to tell me of your experience and why it did not work for you.

Also have you looked at any of the others out there ?

Look forward to your reply

Rgds
p

---------------------

Hello Leanne,
I just read your post and i am deeply sorry this has happened to you.
I suffered the same fate as far back as 1992 when I first bought a "racing program" from Queensland.

My screen name is Puntz and I piss those off who want to sell racing programs at such prices.

Let me tell you this though, please do not discredit the racing industry just because of a few who take advantage.
These people has no remorse, they are cowards.

However, there is a positive to my story because I could see through the scams and searched for a way to make tax free money.
Here at Punting Ace, most of us were once "Victims", but that still does not mean you can trust everyone still. Every one has "something to sell" and this is where I draw my own line, I do help punters if they need anyhting as far as developing their own systems.

The way to go about the long term haul to break even is the best thing that has ever happened to racing and sports betting for that mater
It is Betfair, it is a betting exchange.
I don't know if you ever want to continue with betting, but we here at Punting Ace and not "gamblers" we take our Trading seriously. But Betfair is what I think in my own opinion will save the day for many who want to pursue a tax free 2nd income.

If you do choose to go down this path, I can reccomend you things to read before you lose anymore of your money, but please I hope you don't see the entire racing industry is a scam just because of these cowards.
On my post I do write thet I was at one of their meetings in 2006, I tore their system to pieces and they could not wait for the meeting to end. I don't think they made any sales that day either, but that was just one day.

Cheers

Puntz

------------------

April 2007
Hi Leanne,

I have read your comments on Trilogics with great interest, as I have also spend a lot of time and effort to get this program to work. Middle of last year I joined forces with a gentleman who had purchased the IGL program about 3 years ago. As he is working full-time, he wanted me to operate the system on a profit-sharing basis. I underwent the IGL training, which was conducted by a very well spoken and intelligent gentleman by the name of Douglas Baradell, who was the company's senior instructor at the time. I have heard that he has left at the end of last year...

I started operating the system with great enthusiasm, as I was very impressed with the results that were provided, but I soon realized that these results were arrived at with a great deal of hindsight at the best, but were often totally wrong anyway. And my enthusiasm took a nosedive quite early when I saw that this system simply does not work, so I stopped the live betting process.

Then came the transition to TriLogics and the long break, when the program was not operational, which was scandalous considering the amount of money the program costs. However, I spent many hours every day analyzing the results on the history sheets, when it became operational again also downloading and analyzing the daily results, on the gallops and the greyhounds. I did not touch harness racing, as I simply did not have enough time for it.

I found that TriLogics is a very good statistical research tool, it is capable of a number of betting modes, and it totally beats me why these people just push Trifecta Betting, where the only successful results they can show is the equivalent of an odds-on win bet. I contacted Douglas on several occasions, asking for information on the other betting modes, greyhound racing and harness racing. Needless to say, I never got a reply. Perhaps Douglas Baradell was not there anymore, but at least someone else should have answered. At the price of this software you would expect to be entitled to some customer service.

This, and a few other observations, convinced me that the people that are selling the product know more about selling than they know about the product, and that they probably were not involved in producing the system, just in marketing it. Perhaps the system worked initially, because the trifecta pool would not have been divided between so many users. But of course, just selling the software to as many people as possible, has netted them millions already, while the results have dropped below profitability, and must diminish even further with every copy sold.

Anyway, I am trying to get something going on the greyhounds, win or place betting, the fields are limited which is great, but the price pools are much smaller. I found that you can achieve a very high strike rate, but unfortunately the number of bets goes down, and it is no fun to sit in front of the computer for 4 hours, perhaps to have one bet only. And the profitability would depend greatly on the bet size, where you also have to observe a cut-off point according to a certain bet-to-pool ratio.

I would really like to hear more about your experience, and I am disgusted about the way they suckered you in. But they have done this to a lot of people, which of course is not much of a consolation...

Regards,
N

---------------------

From:

To: leanne.blyth@bigpond.com

Sent: Saturday, April 28, 2007 11:29 AM

Subject: Re: Intervest Global Live

Hi Leanne,

My name is G and I too have been burnt by Intervest Global Live. They still won't give me my money back after losing $3,000 trading their system. I have been to ASIC and the Queensland Department of Fair Trading but nothing has been done. I have even been to a lawyer but it was going to cost me too much to take them to court.

All they will do is permit me to sell the program second hand. Even then they are going to charge me $5,000 to train someone else on the program.

Well done for having the guts to take them on.

You must have quite a few people who have contacted you. Maybe we can join together and go to the media or form a class action against the group.

Let me know.

G

--------------------------------------

Leanne,
It was a Mr Whyatt that phoned me at some stage saying his company was all above board. What CRAP. The unfortunate truth is we will never get our money back. They have it all worked out. If you wish to phone me , you can on

Regards P

Leanne Blyth wrote:

Thanks P

There are so many people that have come out and have been as frustrated as you and I.

They really behave quite unprofessionally when people say they are unhappy with the program. They get really nasty and verbally agressive.

I placed a note on Ripoff.com and the MD Mathew Whyatt sent a really nasty note back about me being bitter and twisted and not spending time training.

I have never met or spoken to the man and so how does he know anything.


Really crazy stuff I say.
Never know a MD or a company to spend so much time on internet forum sites, bagging people out.

They must get a hell of a lot of complaints.

Take care and thanks for the support.

Leanne Blyth

----- Original Message -----

From:

To: leanne.blyth@bigpond.com

Sent: Saturday, April 21, 2007 6:05 PM

Subject: rosekirk

Leanne,
I read your story on the rosekirk forum. I was stooged $5500 from rosekirk. I have been in contact with Intervest Global just to see what there system is like. If you read the rosekirk forum I go under the name of SOT. I put my phone number on the forum and have been in contact with some people. When the owner of Intervest Global phone me he said that the actusations I was saying about his company was false. YOU HAVE PROVED I WAS RIGHT. I hope him and Larry Pickering go DOWN.

Regards P

http://www.cyberhorse.com.au/dcforum/DCForumID2/384.html#3

This is a link to a horse racing forum.

You will see intervest staff there arguing with people. Lots of abuse and language.

Just appalling and very unprofessional.

Leanne

ps they do claim a 70% success on races but last year it was running at 54%

That is a big difference and so you are losing almost as much as winning.

---------------------

http://www.scamwatch.gov.au/content/index.phtml/tag/ComputerPredictionSoftware

http://ripoffreport.com/reports/ripoff149671.htm

http://ripoffreport.com/reports/ripoff188930.htm

http://ripoffreport.com/reports/ripoff232697.htm

http://www.cyberhorse.com.au/dcforum/DCForumID2/574.html


CTTT Complaints Tribunal

http://www.austlii.edu.au//cgi-bin/disp.pl/au/cases/nsw/NSWCTTT/2006/178.html?query=intervest

ACCC complaints

http://www.accc.gov.au/content/index.phtml/itemId/322920



There are enough complaints around but most people are too embarrassed.


Some more copy about I/G below


Regards

Leanne Blyth

"RE: Intervest Global Live"
In response to message #125




Thinker,

I tried to claim a refund because I could see that it would take me ages to make back my money. and I was frusterated at only making a small amount each week (around $500 a week averaged out) using their Money Gaps and $150 bets. I found it very hard to wait around for 4 - 5 hours to find one or two bets. I wanted more action. It was harder then being at work, I was frusterated because I couldn't get the $2000 plus a week like they claimed. My bank could never grow because IGL was my source of income so I was taking money out of my bank weekly to live on. I was doing worse then when I was only win betting. But once I combined my Win betting with IGL, things really looked up. Most weeks I only bet with IGL 2 or 3 days a week (Although I have it collecting data every day) and I live very comfy.

IGL will not give anyone a refund, they will offer to sell your program on your behalf at a reduced price and a comminision so at the end of the sale you will get back less then half of what you paid for it.

Cheers,


Matthew

Bundall,
Australia,
Australia

The Real Motivation Behind Leanne's Postings

#16REBUTTAL Owner of company

Thu, May 10, 2007

This letter is intended to shed some light as to the real motivations behind Leanne Blyth's smear campaign against Intervest Global.

It is clear from statements made in a recent email received from Leanne, dated 27 April 2007, that the purpose of publishing such untruths and defamatory comments is an attempt to extort a financial benefit from our company. Please see the following statement:

I am still happy to talk about a refund and go away quietly? It is only going to cost you 2 sales. There have 234 people look at my blog personally. I am sure there are more who have looked at the other scam watch and rip off sites. It is up to you guys.

It is without doubt that Leanne is trying to extort a sum of money equal to two sales of our product, totalling $39,500, in exchange for her silence.

We have examined Leanne's TAB trading statements and it has proven that if Leanne had simply put as much time and effort into the program as she has put into publicly defaming our company then maybe she would have been more successful. Leanne consistently broke the rules, for example, bet on races that had either too few or too many horses, bet on races with up to 120 Trifecta combinations when the training and software clearly state that 60 Trifectas is the maximum (the software even turns red to show not to bet because when these rules are broken).

Although there are a large number of errors in her trading which has led to her losses, she is not willing to discuss this with us and in an email dated 13 April 2007 Leanne states

The meeting was never about my trades v I/G trades, in fact I was very specific about this as I did not want to get into an argument with you about trading options. You are not responsible for my trading options.

We have been in business since February 1999. If our company and/or our product were no good then we would no longer be in business. But we are still in business and have been for over 8 years and that says a lot about us, our product and our integrity.

Leanne is one client who is unhappy by the losses she has incurred due to not following the system she purchased. We have many clients who are happy as a result of following the system correctly. You can speak to any number of these clients to confirm their experiences with our company and our software.

You can choose to do one of two things from here:
1. Believe one persons statements understanding there is a motive of extorting almost $40,000 from our company, which we intend to deal with through the legal system and is currently in the hands of our solicitors, or
2. Decide for yourself by chatting with our existing happy clients and visiting one of them in their home and making an informed decision.

I hope this information is helpful to you with understanding the situation with Leanne Blyth and our company.


Matthew

Bundall,
Australia,
Australia

INTERVEST GLOBAL HAVE NEVER MADE MISREPRESENTATIONS - THE REAL FACTS NOT PERSONAL OPINION

#16REBUTTAL Owner of company

Fri, April 20, 2007

My name is Matthew Whyatt, it has come to my attention that one individual is trying to rob Australia and New Zealand of a fantastic cash flow generating software program. Rather than putting effort into making this work for herself she has decided to spend her time spreading lies about my company and I am now going to break down her claims and show them for what they really are.

I am posting this as a rebuttal to the claims made by Leanne. Leanne is an unhappy woman who is basing her 'FACT' on her opinion only and not on any evidence whatsoever.

Leanne's Version **FACT**INTERVEST GLOBAL DO NOT HAVE PERMISSION, A CONTRACT, OR A LICENCE! To skim the data from the TAB website and put it into another format so...YOU DON'T HAVE ANY AGREEMENT OF LICENCE WITH THE TAB TO USE THEIR DATA.

The Real Facts: Intervest Global Live do in FACT have permission to access the data via the 'Live Odds Service'. The live odds service' is the formal TAB method for accessing data and DOES NOT involve skimming, which is not legitimate. There is no contract or commercial agreements but if the TAB did not want companies/developers/programs accessing the data they would not make a developers guide available.

There is an agreement to obtain the data which is between the end user and the TAB. The data is collected via the TAB's 'Live Odds Service' and the end user accepts the terms and conditions with the TAB when signing up to become a Live Odds User.

Leanne's Version **FACT**THE RESULTS SHOWN ON THE INTERVEST GLOBAL WEBSITE SHOW DECISIONS or BETS MADE AFTER THE RACE WAS WON!

The Real Facts: The figures are as a result of races meeting the guidelines at the 1 minute mark before the race starts. These results are simply posted to show people what can be achieved by following the guidelines. If the races did not meet the criteria then owners of the software can query the figures against their own data.

The results shown on our website are provided with the following comments: The figures posted here are indicative of what a good operator can achieve, it is not guaranteed that everyone will achieve the same results. They are what can be achieved working the program on a full time basis (approximately 30 35 hours a week). They are posted by our senior staff and are commensurate with satisfactorily completing the training program all clients are asked to undertake. Anyone working fewer hours can obviously only achieve profits relative to the number of days worked.

Leanne's Version **FACT**PROBLEMS WITH THE SOURCE DATA - FROM THE TAB

The Real Facts: The TAB did experience a number of problems throughout 2006 but this was not specific to Intervest Global. All programs that access the data via the 'Live Odds Service' were affected, even the TAB and their outlets experienced problems. Leanne claims that these problems began in February 2005 well before she purchased, this is totally FALSE. She claims that the program was down for most Saturday's in 2005, however if you view the data on our website throughout 2005 you will notice that there are no problems with missing data on most Saturday's as Leanne claims. The only problems experienced were in early and late 2006.

Intervest Global do not feed the data to the end user, the end user collects the data from the TAB direct through the 'Live Odds Service'.

Leanne's Version **FACT**LOW/DECREASING PROFITABILILTY!

The Real Facts: Yes, the profits for 2006 were lower than that of the two previous years, however this is to be expected when there were data issues (especially in late October/early November when the data was completely down for 4-5 weeks). However, with the issues experienced in 2006, Intervest Global was still able to achieve a profit of over $40,000. Leanne fails to see that there are still profits, she only focuses on the negatives.

Leanne's Version **FACT**LONG TERM USERS ARE BAILING!

The Real Facts: Leanne spoke with one client who expressed that they were unhappy at that time with data issues. I am not surprised they were unhappy, we were all unhappy with the problems that the TAB was experiencing. I am sure the TAB was also unhappy.

Leanne has also published our client's names without their approval, this is a breach of their privacy and I am sure they would be very unhappy to find out about this.

IN CLOSING - Leanne is bitter that she has not made money with using the software she purchased from Intervest Global. When we met with Leanne in our office in early February 2007 she claimed that she traded exactly within our guidelines and said that maybe only 1 to 2 races a week would be different to those shown on our website.

FALSE: We have checked Leanne's TAB statements and found that she has made constant errors some of them were outrageous like:
1. Starting with far too little in her TAB account, we suggest $2000-3000 and she started with only $500.
2. She placed bets far outside the guidelines (less than 8 runners, more than 60 combinations - sometimes up to 120 combinations - etc.). We didn't find many days where Leanne got it right as per the guidelines.

Leanne refuses to discuss these errors with us and has claimed in a recent email 'you are not responsible for my trading options', but is trying to claim a refund for the losses!

Quite simply Leanne is an not willing to take responsibility for her own actions and feels the need to lay blame on us by posting large numbers of messages over the internet stating what she claims is FACT (her opinion only) when it is FICTION. We can provide proof to back up our claims, Leanne cannot.

It is a shame that this action needs to be taken by our company as we usually do not involve ourselves in such mud slinging but we feel the need to defend ourselves in this situation.

Thank you for taking the time to read our response and giving us the opportunity to give our side of the story. If you wish to discuss this with us further please feel free to contact us on 1800 733 833 (Aust) or 0800 443 509 (NZ).

Respond to this Report!