BF Football previously put up its domain for sales to a Chinese-speaking audience and currently has SEC tailing its illegal hedge.
Also, BF Football draws its user traffic from a predominantly Asian audience, although the Philippines regulatory agency recently warned the public about the company.
The deal is that members/players place bets on games, expecting wins from an array of eighteen odds. Members also get a sufficient prop against losing their deposits, thus being able to net a huge profit in the long run.
However, members needn’t go through the whole bet-hedging procedure (according to BF Football). Typical steps require that prospective bets are placed via the app, preferably by buying a membership tier and earning ROIs upon the end of an investment period.
Learn more about the company in this article.
BF Football: Who Owns the Company?
Although the language of communication is previously Chinese (implying the site owner is from China or writes the language fluently), the current iteration of the enterprise is in Filipino.
Nothing about the execs is publicly available besides the invest-and-win slip of a betting site. People subscribing to the affiliation tiers merely take the advertised ROIs and fake SEC licenses (according to Philippine SEC) on the site as binders.
The official BF Football website doesn’t say anything about its operators/owners. Its roadmap starts from 2017 as a subsidiary of City Football Group, working with football clubs, academies, marketing firms, etc.
BF Football aims to achieve an avant-garde match result quiz project-hedge fund ultimately, according to the About Us page (on the site).
As part of the edge-cutting values for members/investors, the site coopts expert advice from William Hill, crafting a profitable avenue that compares to stocks and funds.
Participation in the betting programs offers a threefold package:
- Hedge Fund,
- Leveling Commission, and
- Welfare Field.
Although the site is vague about the operators and description of its hedge funds, it puts down the investments proper to securities. So, the betting contracts (run on behalf of investors) naturally require due regulation and indexing from the Philippine SEC. But the reverse is the case.
BF Football claims to provide an urban football experience, available in at least a dozen countries globally.
The company supports various payment options via fiat and cryptocurrency. So, a member can pay or withdraw deposits/profits via Litecoin (LTE), Bitcoin (BTC), and Ethereum (ETH).
Below is a brief highlight of the referral commission loyalty program.
Members earn accumulated percentage profits from a typical MLM unilevel downline.
Accordingly, affiliates earn three percent (3%), Level 3; five percent (5%), Level 2; ten percent (10%), Level 1. Here is how it works.
A downline algorithm places an affiliate at the top. The affiliate’s recruits occupy the First Level, while the Second Level works similarly for the First Level recruits. The algorithm continues recursively to the third level, building a compensation grid.
BF Football advertises zero risks on all the listed investment options, emphasizing its hedging aspect again.
Betting might be a fad in the Philippines, but it should amount to more than the infantile syllogism from the site (see the sentence in the quote below).
For example, Argentina v.s Croatia, the score is 0:3. For hedge funds, as long as they buy scores other than 0:3, they can achieve profitability. Therefore, the probability of a hedge fund’s profit is much higher than the correct rate. 17/18, up to 95%!
To spell it out clearly, the above 95% profit margin is as plausible as the likelihood of plucking apples from an orange tree. Below is what the Philippine SEC has said about the company.
Philippine SEC warns Against the Company
The public warning from Philippine SEC confirms that the supposed license procured by BF Football is fake.
It also checks any possible vagueness about BF Football bets constituting securities. The SEC clearly states that the affiliate/members slate necessarily involves a payable ROI, hence an investment contract. Therefore, the company requires a legitimizing license to operate.
Unfortunately, BF Football does not have the SEC pass, making it illegal to solicit, take, or accept investments/placements from the public.
BF Football Review Conclusion: Bet Ponzi?
Apparently, the company cannot hope to make profits from the silly “hedge blueprint” (95% probability of netting profits for bets above 0.3 scores).
In the light of the SEC labeling the company illegal, revenue streams seem constricted in all aspects. So, what’s left for members? Nothing
Continuing with this scheme invariably leads to Ponzi.