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SportLife is a sports betting platform promising investors daily ROI for 75 consecutive days. Find out more in our detailed sportlife.work review.
Most investors don’t know that SportLife is a reboot of sportlife.de which defrauded hundreds of German investors. Our aim is to ensure the platform doesn’t wreak havoc in the UK where it claims to put up residency.
There are two investment services on offer, a player who invests and waits for the profits to soar, and an affiliate of the platform. Once you refer other players to the platform, you earn commissions.
Players can also become affiliates and earn bonuses and commissions. The commissions are way more than your average daily ROI especially if you bring in more players. And this incentivizes players to lure family and friends into the fray.
The platform makes a staggering promise of making 4% daily ROI for 28 consecutive days. That’s the minimum investment plan with investors having to deposit a minimum of $50 to a maximum of $50,000.
And that’s not all, the platform even avails a profit calculator to determine how much you would earn. That gives investors a chance to ponder on the amount they deem possible to cash out after the vesting lapses.
With sports betting becoming a lucrative way of earning passive income, hundreds of such platforms have cropped up.
Here’s our candid SportLife Review.
As indicated earlier, SportLife is a wash and rinse scam with a distasteful history in Germany. And with the reboot, SportLife is now targeting investors in the UK and Europe at large with the same cunning MLM products and services.
SportLife Ltd is the parent company behind this platform with address in Manchester, England. Checks with the UK Gambling commission shows there’s no such entity licensed to offer gambling services in the region.
A closer look with the Company House Registrar also shows the platform fails to offer any form of oversight to the parent company. And this leaves investors at a precarious position seeing no one guarantees their safety on the platform.
We believe the platform will conduct itself in the same manner it did in Germany. By hoarding investors funds and blocking withdrawals the moment signup numbers dwindle or time for vesting period lapses.
You will notice the lack of accountability and transparency on the platform. There’s no mention of the parties behind this platform. Investors don’t know who to hold accountable if there’s any mishap during and after the vesting period.
Woe unto you who don’t do due diligence when it comes to investing with sports betting platforms. SportLife should be upfront on the CEO and Members including all partners involved in the platform. Of course they wouldn’t, the platform is completely anonymous.
It gives the people behind this platform power over members in terms of transparency. Once the platform decides to block withdrawal, there’s no one to blame or point fingers, hence the anonymous feature.
The platform claims to offer risk diversification bets on some of the leading sports. All members have to do is choose the investment plan available that suits them best and wait for profits to soar. You don’t actually see the platform placing bets on any matches.
As if the platform will magically place correct trades, investors are to wait and see the profit margins rise. And credit to SportLife for trying to sell a near-impossible Ponzi scheme to naïve investors.
The platform clearly deceives investors into believing they can earn guaranteed daily profit margins. Thanks to backend access to these accounts, the platform uses it to increase profit margins to influence investors.
Days after vesting, the platform gives the notion it does actually make the perceived daily ROI. The platform even allows partial withdrawal of the ‘Profit generated’ for investors to enjoy. Little do they know this is a trap.
There’s no proof of the platform even placing bets on any matches in the UK, where the Premier League is the biggest betting provider. Asked to produce results of the platform’s performance, such questions are greeted with an account blockage.
Hundreds of investors have lost all their investment for asking proof of concept. Support usually claims it’s either you believe them or don’t. The platform will even claim to use a proprietary sports betting tool to place hundreds of successful trades.
1357.0% is the biggest win margin the platform guarantees for 70 working days. That’s an insane amount and you wonder why they would request for $100 for such a high-profit maker plan.
For those who have lost funds with SportLife, you’re not the only one. Hundreds of investors have lost funds trying to withdraw their remaining balance to no avail. This is how the platform works to manipulate naïve sports bettors and investors.
After signing up with the platform, you begin seeing ROI margins increase and this reflects on your account. Please note that there are no results of any sports trades made on your dashboard, just a rising account balance.
Before the vesting period lapses, the platform will allow partial withdrawal, maybe 10 percent of the vested amount. It gives the notion that the platform has earned you the expected ROI and is continuing to do so.
Then the platform moves in for the kill by suggesting you have qualified to join the next tier, days before the vesting period lapses. All you need is to add more funds and start earning the ROI listed on that particular plan.
At this point, SportLife knows whether you’re all in or all out. If you don’t abide, they move to block access to your account with the 90% invested amount going to the pockets of those behind the project.
Those who end up adding more funds get to withdraw for a third and fourth time, before the platform finally cuts them loose. Commissions are not paid with those who you refer ending up losing the funds as you did.
With the platform being new in the UK, it’ still in the initial stages and signups are growing. Which means those who signed up first can withdraw part of the funds and claim the platform is legit on social media and other platform.
In reality, the platform uses the small chunks of withdrawal amount to legitimize the platform in the eyes of soon would be victims. German investors have firsthand experience of what the platform has to offer.
We suspect the platform will run close to six months before pulling the plug. That’s how you know it’s a risky investment platform. Do due diligence before investing in such platforms in the future.
Is SportLife a Legit or Scam sports betting platform
From the projects we’ve seen under this banner, it’s clear SportLife is another high risk no reward platform. Please stay away!
There’s only partial payout for the initial deposit made by clients, No one actually makes the 1357.0% ROIU in 70 working days and gets to talk about it. If the platform was that profitable, we would all sign up.
SportLife will soon run out of steam and block users from accessing funds. It has happened before with their previous sportlife.de project.
There’s a lot to learn with passive income projects, with chances of winning high in tested passive income platforms.
Do leave a comment or email us with any queries.
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