Sports betting software scams are computerized gambling systems that try to assure you they can predict future results. The results in question are usually of sports, such as horse races.
Online Danger: Betting Software Scams
Each time an important sports event is about to take place, a storm of hype instantly overwhelms everyone interested in sports betting. They dedicate their time to surfing betting sites and are prepared to take out their credit cards to invest as much as possible, all in the hopes for promising odds and reliable results predictions. In fact, they see collaborations with online bookmakers as good business opportunities that could result in high returns.
However, many people forget about the risk management process. Not a single form of gambling is completely deprived of risks, and that includes sports betting. If you want to take part in the activity, you are highly recommended to be on a lookout for various online betting scams that can shatter your dreams of huge returns into pieces. This article will provide you with some useful information regarding the subject.
Tricks Scammers Use
One of the most common forms of online gambling scammers try to make money off is the horse race betting. They never leave anything to chance; quite the opposite, they plan each and every statement they make and are quite imaginative, too. For example, they will try to convince you that their predictions are accurate because they are based on weather forecast, state of the horse, the condition of the jokey and so on.
You also need to know how to recognize an online scammer. The most common way they promote their “services” is through advertisements that claim the particular computer prediction software to be a good investment opportunity. Another way is sending unrequested emails and letters and making unsolicited phone calls. The scheme actually does not significantly differ from any other, so you should not have many difficulties recognizing it as such.
If you seek bookmakers for arbitrage, you need to be careful. There are a lot of scammers out there who will go out of their way to persuade you they are legit. With the expansion of the Internet over the last decade or so, they got a fresh ground for their schemes. There is a possibility they will offer promotional material such as DVDs and booklets to you, in order to gain your trust and get your money.
In short, these scammers will try to make you believe that if you place bets on both teams in a game or on every horse in a race, you will get an amount of money bigger than your investment. Moreover, they claim that you are guaranteed to make a profit. Not only is that not true, but you will also be unable to make a refund claim if you fall victim to these allegations. You will probably lose touch with the company and will not be able to reach them anymore.
Sometimes, you will even be required to pay a high fee and not even have a bet placed on your behalf. When promised a risk-free profit, some people, fascinated by the idea, fall into a trap and end up getting nothing. If you cannot withdraw your money until the amount reaches a certain point, or you get a wide range of explanations why something is not working properly, you should be alarmed. To sum up, if something sounds too good to be true, it probably isn’t.
Other Examples of Sports Investment Scams
Other than the computer prediction software mentioned earlier, there are some other tricks scammers are likely to use, one of them being betting syndicates. Scammers will try to convince you to join such a group. Of course, they will request you to pay a pretty large fee, allegedly for placing bets. On top of that, you will be required to make deposits in order to maintain the account.
Another common way they can use to try and trick you is sports investment. Scammers will usually aim at people with funds that could be invested, such as business operators. They will make sure their propositions sounds legitimate by using terms such as “sports tipping” and “sports wagering”.
When looking for a bookmaker, there are some warning signs you should be aware of. If you hear phrases like “risk-free profit”, “good investment opportunity”, or “high returns”, it is highly recommended to be careful. That is advised especially because these phrases are usually accompanied by high demands regarding the amount of money you need to invest. There is a high probability that you will never see your money again.
Another red flag could be the effort put into promotion. If you notice that promotional material looks extraordinary and offers extraordinary things and that you are pressured by frequent calls, it is probably a good idea to take a step back. After all, ask yourself why should someone who can allegedly predict the results of a game offer the opportunity of winning to you instead of taking it themselves.