Win 24 - What a con!!        

       




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  1. #1
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    Default Win 24 - What a con!!

    I see the adverts for it all of the time, and always think that you must be crazy to sign up for it.

    Just now the advert has been on again, and I've just looked indepth into it. - Well...just on their website/advert!

    It costs 11.95 per month for 24 months. So it costs 286 for your 2 years.

    So when you see people winning Wii's or a 250 voucher, they haven't really won anything!

    It also says on the advert that they have given away over 3,000,000 worth of prizes, and there have been 170,000 winners!! -You may think that 170,000 is a lot of winners....maybe...but the prizes average out at just over 17 each!!

    So, yes there may be a winner who won a holiday + 1,000 cash, but what about the others? There are obviously prizes for less than 17 because of this. - I imagine there are prizes like pens or 5 gift cards, and they make up a large amount of the prizes!


    Let me put it into perspective. There have been 170,000 winners with prizes worth 3,000,000. When you add up there 24 monthly installments and x it by the amount of winners, the company has made 48,756,000!! - This doesn't include the thousands of customers who haven't won a thing!!



         

    I should start a company like this....I should only charge 5 per month, and give out the same amount of prizes....I'd still be 20,000,000 more well off!!

    I never thought it would be this bad, and it did actually amaze me!!

    DO NOT JOIN!!


    MORE INFO;

    I bet all of the people get entered into the same competitions anyway!
    Last edited by Bennyxp; 23-07-2011 at 03:15 PM. Reason: More info

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  3. #2
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    I read that a lot of competitions were boycotting these types of group entry systems that IW were doing too.

  4. #3
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    This is a bit disgraceful this scheme. I thought Ideal World would be above this sort of thing. :devil::devil:

  5. #4
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    I can't believe anyone would ever think this is good value for money!

  6. #5
    Alley Cat Guest

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    I would never consider joining Win 24, but without endorsing this scheme in any way, I have to take issue when you say it's a con - it's not a con, it's a very profitable and completely legal business. It would be a con if they were taking people's subscriptions and nobody won anything, but as far as I can see they're not guaranteeing how many people will win, or the sizes of the prizes that will be won, and people are winning - so they're delivering exactly what they say they will deliver, which means it isn't a con. What it is is a form of gambling. The people who join up are playing a game of chance and are gambling that their return will be more than their investment without even a minimum return being guaranteed.

    Also, I would point out that it doesn't say that all the winners are different people. Some of the winners may have won more than one prize while paying only one subscription, and there will (possibly/probably) be some members who haven't won anything, so you can't be sure how many people have actually signed up or calculate how much the company has made from subscriptions. Undoubtedly, though, it will have been a great deal of money - they wouldn't run the scheme unless it made a healthy profit. All forms of gambling make a very healthy profit.

    Having said that, the people who win the cars and the holidays for a 286 investment will undoubtedly think it's a good return and won't care at all that the company makes a fortune - just as the person who wins a thousand pounds on the roulette table doesn't care that the casino is making a million. Personally I think a person would have to be nuts to join, but then I think all forms of gambling are nuts. Joining Win 24 is a gamble and we all know who wins overall when people gamble.

  7. #6
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    It is a con, because Win24 are conning the people who are running the competitions in the first place. The people who set up the competitions do it in order to advertise their products and their websites. Win24 circumvent this by flooding their competition with entries from people who haven't even been to the website, let alone seen the products that are being advertised (I don't mean the competition prizes).

    Many competition runners are getting wise to this and don't allow automated entries and include a captcha code (numbers and letters) which you have to enter manually.

    If you were running a competition, how would you like it if all the entries were from a computer and not from people viisiting your site or buying your products? That's where the con lies.

    http://www.loquax.co.uk/webmaster/autoentry.htm

    http://benlancaster.wordpress.com/20...petition-spam/

  8. #7
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    Quote Originally Posted by Greg View Post
    This is a bit disgraceful this scheme. I thought Ideal World would be above this sort of thing. :devil::devil:
    It is the lowest of the low - but not because people are paying to be in it (that's their choice) but because Win24/IW are using the efforts and websites of 3rd parties in order to make money for themselves without any cost to themselves.

    It's a bit like winning the "millionth customer to set foot through the store entrance" without ever setting foot in the store.
    Last edited by Lottie; 24-07-2011 at 10:02 AM.

  9. #8
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    Quote Originally Posted by Alley Cat View Post
    I would never consider joining Win 24, but without endorsing this scheme in any way, I have to take issue when you say it's a con - it's not a con, it's a very profitable and completely legal business. It would be a con if they were taking people's subscriptions and nobody won anything, but as far as I can see they're not guaranteeing how many people will win, or the sizes of the prizes that will be won, and people are winning - so they're delivering exactly what they say they will deliver, which means it isn't a con. What it is is a form of gambling. The people who join up are playing a game of chance and are gambling that their return will be more than their investment without even a minimum return being guaranteed.

    Also, I would point out that it doesn't say that all the winners are different people. Some of the winners may have won more than one prize while paying only one subscription, and there will (possibly/probably) be some members who haven't won anything, so you can't be sure how many people have actually signed up or calculate how much the company has made from subscriptions. Undoubtedly, though, it will have been a great deal of money - they wouldn't run the scheme unless it made a healthy profit. All forms of gambling make a very healthy profit.

    Having said that, the people who win the cars and the holidays for a 286 investment will undoubtedly think it's a good return and won't care at all that the company makes a fortune - just as the person who wins a thousand pounds on the roulette table doesn't care that the casino is making a million. Personally I think a person would have to be nuts to join, but then I think all forms of gambling are nuts. Joining Win 24 is a gamble and we all know who wins overall when people gamble.

    Erm.....I'm not sure why you are having a go at me for everything I said. :/

    I NEVER used the word 'con' in my whole thread post apart from the title. It may not be a con due to some customers getting prizes, but in another way, it is, as they don't state how few people win, and how much. - I had to make the title catchy for people to view it. What would you have called it?

    In my eyes, I still think it is a con due to people signing up being told about all the big winners and 170,000 winners...not mentioning the 5 vouchers (i persume they have), which is covering the fact, and making more people sign up.

    Actually, were you say ''I would point out that it doesn't say that all the winners are different people'' Yes it does...it says ''170,000 winners'', if you won 2 things, you wouldn't be called 2 winners would you? You would just be called a winner!!

    Then you go on to say ''and there will (possibly/probably) be some members who haven't won anything, so you can't be sure how many people have actually signed up or calculate how much the company has made from subscriptions''
    - I'm sure I said the amount I came to was just from the WINNERS who have won something, and did not include the people who hadn't won....please read the posts and get it right before moaning at people....(I'm sure you work for Win24!!)

    ''All forms of gambling make a very healthy profit'' Correct....but they don't go on Ideal World do they?! I wouldn't care less if it wasn't on IW, but the fact they air it in the way they do isn't fair. (This is why it is in the IW section!)

    ''Having said that, the people who win the cars and the holidays for a 286 investment will undoubtedly think it's a good return'' Yes...but they would make up less than 1% of their customers, so it doesn't really balance it out.

    ''just as the person who wins a thousand pounds on the roulette table doesn't care that the casino is making a million'' You are going off track here....but atleast roulette is 50/50....I'm trying to make a point that the ''top 10 winners'' for last month includes a Wii (worth less than 200) so less than 10 people have got their money back!! So You can put 250 on roulette and have a 50/50 chance of winning, or do the same with Win24, and have less than 1% chance.... These are 2 completely different things!

    People like you do annoy me, and I appologise to everybody else viewing the thread, but I just had to get my point seen
    Last edited by Bennyxp; 24-07-2011 at 01:27 PM.

  10. #9
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    Ben, I totally agree with you. This is the sort of 'scheme' that would not be out of place of a junk mail scam. Notice there is a 'guarantee' on the website. One might think without clicking it might mean you are guaranteed to win a prize or your money back. When you actually click on it, all it says at that there is some sort of 'notary' by an 'independent auditor'. It doesn't say who it is. It gives the impression of something legitimate but offers very little.

  11. #10
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    Quote Originally Posted by Greg View Post
    This is a bit disgraceful this scheme. I thought Ideal World would be above this sort of thing. :devil::devil:
    I don't think you can assume Ideal World is above anything that will make them money.

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