Sports Betting Scams – What to Avoid?

I am sure you all have seen the ads for the handicapper’s that claim to have inside team information and “The 5 Star Lock of the Year”.You can find these services several ads in any newspaper sports pages, as well as on the Internet.

People are always looking for quick cash and these companies capitalize on it.  Usually these “experts” boast an incredible and unbelievable winning percentage of something like 80 percent.

Among the sports betting public there is a cancer known as 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.

The scam is very simple. 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 Patriots/Dolphins and the Cowboys/Seahawks games are being offered to gamble on. Once they get the caller’s complete relevant details the service informs the first caller of the days picks, the New England and San Francisco teams. They tell the second caller to bet on the Bills and Chargers. 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 others go 1-1 and only need to pay juice. This pair of callers might be persuaded to try out the service once more. One extra free pick is given for those who put themselves back in the lottery for the lucky pick, and a follow-up picks package. probably a good deal of money to either a bookie or online sportsbook.

By multiplying these callers by a factor of hundreds or so weekly, it is easy to see how much money this con can make. If you got the winning picks once, you will probably not be getting them again. Eventually you lose any money you might have won with the lucky picks and usually end up in a bigger hole than before you made that fateful call. Once you become aware of having been conned, it is simple to decide to stop use of this 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