Does SpinAcoin.com actually make money or John Howards 50/50 Trading System? Is it a scam? Well, firstly you need to appreciate that this is gambling in it’s purest form. SpinAcoin.com is owned and operated by Colin Davey, the well-known (not always for the best reasons) horse racing ‘tipster’.
But does SpinAcoin.com actually make money?
Come on, let me explain how such websites work. Please be under no illusions that these websites are there to make money FOR THE OWNERS, not for you. As with bookmakers, the idea (laughable really when you think about it) is to see betting as entertainment, whilst in the back-end, the bookmakers are SCREWING their customers.
Seriously, Bookmakers are in our opinion another form of legalised theft, because if you were to start becoming successful, then the bookmaker would very quickly shut you down, and the ‘entertainment’ factor would soon vanish.
Colin Davey has made a fortune by telling people in his marketing materials how he was banned from many bookmakers for what he calls ‘making too much money’. He still sends such marketing materials, when in reality, now that Betfair has raised it’s head, this ‘problem’ has vanished.
So, What about John Howards 50/50 Trading System. Scam?
Well, on other forums we own, it has been suggested by people who have tried this system that it is nothing more than folly, and that they only reason these letters are being sent out, is to trick you into believing (probably through your own greed), that easy money is to be made. There is no such thing unfortunately, and NO, it does not make you money!
So I should not use SpinAcoin.com?
If it is to make money? no. If you wish to simply pour your hard earned money into somebody else’s bank account? Then by all means, in fact, if you wish to do that I will give you my own bank account details to waste your money on, if you are feeling wreck-less.
Don’t waste your time, or money on this, unless for entertainment purposes only. This will NOT make you money!
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I have used spinacoin.com, and lost money when playing live, and the demo does not even work. Avoid it at all costs in my opinion.
Spinacoin.com is definitely a scam. It has to be. Don’t believe a word on their website.
Justin
spinacoin.com is a scam with a VERY big S!!
colin davey,or anything he is associated with are not to be trusted.
Have just received letter with a system (free)how to make £100 daily from SpinAcoin, send Cheque £25 to Help the Heroes from winnings,who is this man????? Ask Colin Davey?? Scam??
Spinacoin is a 100% Scam. Leave well alone.
Admin
This man is crafty. He has a massive mailing list of punters who would like to make money from betting. So he creates spinnacoin.com and then sends out his simple betting stratagey using words like “stop when you have won £100 on a day and start again tomorrow.” This is a TOTAL SCAM. The system knows your bet befor it spins. Just because it says its guaranteed 50/50 it will still have your pants down GARANTEED.
Thanks for the post Tony,
It seems that many letters are being sent and many people are falling for it.
Please be on your guard with this one.
Admin
What amazes me is how the people behind this can get away with it !
The gaming commission appears toothless like most other similar self serving U.K entities.
The first time I tried to withdraw winnings from spinacoin they said no because I only had £4.95 (after they’d taken commission) & the minimum withdrawal is £5. I played again, won another £1 (minus commission) so tried to withdraw the £5.90. They said no again, because you have to wager £50 before you can withdraw anything. What are the chances of having any winnings after betting £50 with them – not hard to guess? Even if there were any winnings to withdraw, they’d probably have some other excuse. Avoid.
What is Colin Davey up to again!
There has been newspaper reports about his scams over years in major newspapers.
colin Davey, is probably the owner of spinAcoin.com this website is not to be trusted.
You will lose money!
I have known about the s*** of Colin Davey for years.