Avoid getting conned
When you decide to place a sports bet, you’ve got several options. But one of them is to be avoided owing to the high levels of chicanery going on with its administrators. Let’s say for argument’s sake that you’re looking at placing bets for sports arbitrage trading. The HYIP will gladly take your cash and eagerly invest it in their funds. That they promise you substantial gains is par for the course. Expect to be told that you’re going to receive anywhere from 3% to10% return per day on the fund. Now for the news flash: this is all a big scam and here’s why.
- There are stake limits imposed on bookmakers. In other words there are limits on all arbitrage trades.
- It’s not possible to garner daily returns of over 3% if that’s what you were promised. There are administrative matters to deal with and this takes time to resolve.
- If their operations are able to generate so much profitability then what on earth do they need your hard-earned cash for? Think about it: they could simply take out loans at low rates of interest from banks or lenders and make a mint for themselves using their ‘tried and trusted techniques.’ The Bernie Madoff Ponzi scheme should have put paid to any ideas of the profitability of these fail-safe nonsensical schemes in any event.
The second scam I want to address and hopefully bury is the software scam
Let’s say that you punt at a couple of different sportsbetting sites and that you’re looking for ways to make your betting easier and more efficient. Perhaps you’re looking for ways to collect updates from specific teams, players or betting types. Now, provided that the sportsbooks sites have not been altered, any software that you purchase pertaining to them will automatically be okay to use. However if the functionality of the software has not been fully tested and verified then you’re going to get railroaded. There are many online operators promising to deliver fail-safe sportsbetting software to allow you to punt with precision.
Don’t fall for this scam. Firstly there is no failsafe method of punting and secondly sportsbetting is not a science or an art – it’s the luck of the draw for the most part. You can make educated guesses based on summary stats, but on the day it’s anybody’s game. So before you sign up for an expensive software purchase, think again. You’ll not be able to get your money back and in all likelihood you’re buying defective product. An area that you should take particular note of is whether or not these software gaming operators take subscriptions. If they do, they’ll have reason to update and improve their offerings – if not – avoid them like the plague.