Sports Betting Scams – What to Avoid?

I am sure you all have seen the ads for  handicappers that claim to have inside team information and “The 10  Star Lock of the Year.You can find these services several ads in any newspaper sports pages, as well as on the Internet.

Taking advantage of people’s ignorance and greed is what these services do best. These experts claim seemingly impossible winning percentages of 80% or more.

In sports betting public there is a cancer named scamdicappers.These people don’t care about earning money for their customers. In reality it is an uncomplicated con, and due to the potentially limitless pool of customers, they may keep on profiting indefinitely.

There will often be large amount of naïve gamblers. Some might have really gotten themselves deeply in the red, but others are motivated by greed and are sure they’ll win. Gamblers at the end of their rope will call up these people, hoping for a free pick and a jackpot. 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.

The scam is very simple. Scamdicappers instruct each caller to choose a different team in order to make money. 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 Patriots/Bills and the 49’ers/Chargers games are being offered to gamble on. Once they get the caller’s complete relevant details the picks today are the Patriots and the 49’ers . the picks today are the Jets and the 49’ers. The first caller is instructed to bet on one game while the next is told to go for another.

As is apparent, a single caller will proceed with 2-0. It is likely that this caller will be conned into a costly pick deal. Two others go 1-1 and only need to pay 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 picks package they are also promised another free pick. probably a good deal of money to either a bookie or online sportsbook.

When you think of how many callers there are on a weekly basis, it’s easy to see what a money maker scam like this can be. If once you already got the winning picks, it is highly unlikely that you will continue receiving the winning picks in future. You’ll eventually end up in a bigger hole than you did in the first place, even though you might have won at first. It’s easy to quit the service after you’ve been scammed. 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