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Is there such a thing as risk free, tax free betting?

Added: (Thu Jun 21 2001)

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Is there such a thing as risk free, tax free betting?

Internet betting advisory service Pegasus Sports have developed and are about to launch a Risk and Tax free Internet/telephone investment solution which they say outperforms traditional investment products (Tessa’s, Isa’s, Pep’s etc) easily.

Because of the proliferation of Tax-free betting on the Internet recently and the fact that every Bookmaker has different opinions and liabilities that affect the prices they publish - Pegasus Sports can show that it is now possible to strategically place Risk and Tax free bets to cover all possible outcomes of a given event (sport, politics, even Big Brother)and still make a profit. No Tax and No Risk.

Steve Reid, owner of Pegasus Sports says “ It really is an exciting concept. We offer our clients a genuine, proven Risk and Tax- free method of investing over which they have full control. It’s hands- on,
it’s fun- it’s basically Do - It - Yourself Investing!”
A recent example : Big Brother First Eviction - 05/6/01
Coral Ladbrokes Chandler
Penny 1/2 1/4 1/4
Helen 6/4 5/2 2/1

Bet breakdown : Penny - 420 with Coral @ 1/2 would return 630
Helen - 180 with Lads. @ 5/2 would return 630

Total outlay (no tax): 600.Guaranteed profit whoever wins : 30. % profit : 5%
Pegasus Sports will be sending at least 18 such investment selections to their clients every month via E-mail and mobile text messaging.

Mr. Reid adds “...so far in 2001 our investment program has produced the same percentage profit each week as most high profile Banks and Building societies- even those on-line - offer in a whole year! For our clients this new service can be a second income for life.”

Notes for editors: Pegasus Sports are primarily a Sports Betting advisory service based on-line in their second year of trading. Whilst searching for the best Bookmaker prices for their selections on the Internet they noticed that a)There are at least 300 Bookmakers on-line, and, b)The difference in their prices was astounding sometimes and the idea of a risk and tax- free income grew from there. U. K Betting duty has been abolished from early next year allowing the clients of Pegasus Sports to bet with cash in Betting shops too.

Steve Reid
Pegasus sports
483 Green Lanes
London, UK
N13 4BS
+44 208 482 1048

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