Sports Betting Scams to Avoid

I am sure you all have seen the ads for the handicapper’s that claim to have inside team information and “The 10 Star Lock of the Year”.You’ll  be able to discover numerous ads for these services in the games sheet of some tabloid, or on the internet.

They take advantage of naïve people looking for fast cash. Usually these “experts” boast an incredible and unbelievable winning percentage of something like 80 percent.

In sports betting public there is a cancer named scamdicappers.These people don’t care about earning money for their customers. This scam is quite easy to understand, and with a virtually endless supply of willing victims, might go on for a long, long time.

There will often be large amount of naïve gamblers. While some have dollar signs in their eyes, the others find themselves in a huge hole. Regardless of the reason, those who gamble choose to call this person in pursuit of a large pay off. At the end of the call, the gambler has wired money through Western Union for a “sure-fire” pick package.In fact, these charlatans don’t put bets on their selections. As I stated before, their picks have no value, but they make money selling them.

It’s a simple fraud. The only thing the ’scamdicapper’ needs to do is direct every naive caller to place a wager on a separate team. They clearly expect those who arbitrarily win to be in contact again, this time wishing  to buy an ‘upgraded’  package.

One example would be that four separate people try to call a handicap service the day the Jets/Dolphins and the 49’ers/Seahawks games are being offered to gamble on. Once they get the caller’s complete relevant details the service tells the first caller that the top picks for the day are, say, the Patriots and 49ers. Caller 2 is told that the Dolphins and Chargers are to teams to wager on. The first caller is instructed to bet on one game while the next is told to go for another.

Clearly, out of the callers, one of them will be 2-0. The person calling usually ends up purchasing a costly pick package. Two other caller’s will end up 1-1 and only have to worry about paying juice. These two callers might be there persuaded to provide the service one more option. To sweeten the deal and to put them back in the lottery for the lucky pick and a subsequent pick’s package they are also promised another free pick. The final caller loses each wager as well as a lot of money, most likely, to a bookie or internet sportsbook firm.

You can understand how they profit through this scam, if you multiply these callers by hundreds or more weekly. If you got the winning picks once, you will probably not be getting them again. You’ll eventually end up in a bigger hole than you did in the first place, even though you might have won at first. Once you realize you were tricked, you will not have any trouble to stop using the service. Unfortunately by then it’s too late. 

If you want to learn more about how to profit from sports betting you can grab a copy of my FREE ebook “Sports Investing Secrets - How to Turn $1,000 into $1,024,000 in Less Than 5 Years Betting on Sports” at my website: http://www.1stopsportsinvestors.com

You can also check out my reviews of  the most profitable sports betting systems that I personally use day in and day out: http://www.1stopsportsinvestors.com/sports-system-reviews.php