Every now and again I will do a search for new (at least to me) online opportunities that are available. Most of them fail to impress as they follow the path of many others that offered much but deliver little.

One seeming exception to this is Gold Nugget Invest which is an online investment that uses sports arbitrage as a way to make money. Now the idea of sports arbitrage is very appealing as you effectively have a zero risk transaction because you know before the event what money you will make irrespective of the event's result.

Sounds great doesn't it but of course in practise it isn't that easy to implement. As an individual you would have to open an account with a lot of bookmakers, find a way of identifying the arbitrage opportunities and then being quick enough to place the bet before the needed odds change. Having done all this myself previously I know how hard it is and for an individual not that easy to profit.

Where Gold Nugget Invest are different is that they do all the trading and you join as part of the investor pool. The company was recently incorporated and has been online since 2006 so have a good track record.

One site where I was able to learn more about them was on the Money News Online blog. The site owner is very positive about Gold Nugget Invest and has written several posts including a couple of interviews with one of the owners of Gold Nugget Invest. If you are interested the posts are here and here.

There is also a full review in this post which gives a good explanation of what plans are available and the returns involved.

Now, normally I would be fairly cautious when reviewing an opportunity that was being trumpeted by one investor but having done some further research it seems that many others are very happy with Gold Nugget Invest so I'm happy to post about them here.

Just for full disclosure, whilst I have registered I haven't funded my account yet but expect to do so before the end of July.