The idea of no-risk betting has been around for some time, the idea being that you exploit differences in odds being offered by bookmakers to provide you with a no lose wager.

For most individuals the mechanics of doing this have been difficult, time consuming and quite stressful in some situations. Luckily Gold Nugget Invest is an online opportunity that does all the hard work for you and all you have to do is sit back and earn a fixed return each week.

The company is fast approaching its 3 year anniversary and maturing to the point where they see themselves going private in early 2010. So, what does going private actually mean? Simply put it means that membership will be tightly controlled and you would not be able to join directly on the Gold Nugget Invest website as you can today.

As a pre-cursor to going private a new website is to be launched in early October so I assume this will allow the necessary changes once the date is set for closing membership to the general public.

In terms of investment the minimum amount you can deposit is $50. With a weekly fixed return of 6% it wouldn't take too long (about 4 months) to recoup your initial outlay and then all returns are profit. The maximum allowed in this plan is $20,000.

If you have more to invest, minimum $21,000 and maximum $50,000 then you would receive 7.5% return per week. With this plan your initial outlay is recouped in about 3 months.

The third plan is shown as a weekly fixed rollover of 0.8% although looking more closely this seems to be a daily return with a minimum investment of $20 (although it shows $3 on the actual plan page).

I know Gold Nugget Invest has many enthusiastic supporters so it seems that this is an opportunity well worth investigating.