Product Name: Cheating The Odds 4.0 AKA Binary Recoded
Product Owner: Ronnie M + Stefan H + Paul Counts
Advertised Price: Free
Real Price: $250+
My mistake! It seems they've already launched 3.0 and 4.0. Or maybe they haven't. I got news in my email that it was launching and the first result that popped up was 2.0. I guess 4.0 is still pre-launch. Anyway, it's some actor pretending to have stolen software from banks.
What Is It?
This is another attempt at Binary Options from Ronnie Montano
Double Whammy: Ronnie Montano meets Binary Options
Before You Buy
Binary options have an absolutely terrible track record. In fact, I’ve never heard of a software that can actually make correct trades. Many binary options brokers not located regulated by the FTC will also take your money and run since it’s hard to hold anyone accountable for your lost money in Cypress.
Ronnie Montano is a serial product launcher with products in the internet marketing space as well as the binary options space. Nothing he’s ever created has produce satisfied customers, and even with “gray area” gurus that I don’t like (but have decent followings) he is known as a con man.
I am starting to doubt that this person is actually real after discovering that Mobile Money Code (one of his products) is actually based in Estonia, not in Florida, where he supposedly lives.
Play By Play Scam
The sheer audacity of the sales video is almost comical. If you lost money to Cheating The Odds 2.0, then it surely won’t be funny. But as someone that reviews a lot of these products I found it interesting that what the narrator calls a “scam” is what you are looking at when you see Cheating The Odds.
- Fake screenshots? Check
- Promising fast money? Check
- Not delivering a legit product? Check
- Famous internet guru? Check
- Spam in my email inbox? Check
He even goes on a rant talking about how what these guys are doing should be illegal and he doesn’t know why they haven’t been arrested yet. Ummm, sound familiar?
Used To Be My Binary Code/Recoded
There seems to be some branding issues with this product because it used to be called “My Binary Code” but now it’s changed names to My Binary Recoded. Then it was Cheating The Odds, and now Cheating The Odds 2.0.
Basically, the product creator has taken one product and rebranded it several times. All he has to do is take is (probably illegally created) email list of poor souls’ emails and spam the hell out of them.
The business model looks like this (I’m making up these numbers, but follow the process)
- Send out 1,000,000 emails, only 10% reach inboxes.
- Of those that open, only 10% click
- Of clicks, only 10% buy
- Of buyers, 50% get refunds
- Minus production costs, hosting, etc
If there’s money to be made he does it. There’s absolutely no though to what type of product is spammed out, and the only thing that matters is conversions-refunds = profit.
A big, fat: