ΙΣΤΟΤΟΠΟΣ 2ης ΠΕΡΙΦΕΡΕΙΑΣ ΣΧΟΛΙΚΟΥ ΣΥΜΒΟΥΛΟΥ ΔΗΜΟΤΙΚΗΣ ΕΚΠΑΙΔΕΥΣΗΣ ΗΛΕΙΑΣ

п»їThe world of sports betting scams.
Sports Betting Scams by Max Powers - 1/11/2010.
With the birth of the Internet many sports handicapping services have developed overnight and many of them claim to be well-established and well-respected businesses. Most are just fly-by-night operations and they are in the business to make a quick buck. Experience is one thing most of these companies lack and many of them try to compensate for that by saying them have been gambling for over two decades. There is a difference between betting on sports and handicapping sports for a living. Most people turn to handicapping Web sites after they were not able to make a living betting on sports themselves. The following list features a checklist of things to look out for when determining if your handicapper is legit or if he is running a sports betting scam.
100% Bonus Get up to $125 Free Limited time offer Exclusive to Doc Sports (Some Restrictions Apply) Click here to join Sports Interaction now.
Give out both sides of the game to different customers to ensure somebody wins the game Giving out different game of the year plays to different customers Losing a big play and then coming back the next week with an even bigger play Companies that have you call in for a free pick and then do not give it to you and instead ask for your phone number Companies that used the word ‘Lock’ for their selections Companies that charge you a percentage of your winnings Companies that sell the same plays under numerous names Companies that try and sell you three different types of packages based on the more you pay the better picks that you get.
Doc’s Sports has been in business since 1971 and does not use any of the above-mentioned tactics. Win or lose, we always tell it like it is and that gives us great respect with our clients and throughout the sports betting industry. Doc’s Sports will never use the word ‘Lock’ in any of our promotions because in reality there is no such thing. Any game can win or lose in the most unimaginable way and over the course of the season you will your fair share of bad beats.
Handicapping services can provide you the edge needed to beat the books on a consistent basis. As a consumer you should avoid using services that promote by one of the methods listed above. Sports betting scams can be found all over the Internet and they do not have your best interest in mind.
Doc’s Sports provides expert handicapping services in NFL Football, College Football, NBA Basketball, College Basketball, NHL Hockey, and MLB Baseball. We have some of the brightest minds in the business.
Click the following links to learn more about our service as well as more on what to avoid when it comes to sports betting scams :
Doc’s Sports is offering $60 worth of member’s picks absolutely free – no obligation, no sales people – you don’t even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc’s Sports Advisory Board list of expert sports handicappers. Click here for more details and take advantage of this free $60 picks credit today.


Sports Betting Star Exposed.
In the world of sports betting, everybody is looking for an edge. While most experienced sharp bettors realize that building a bankroll involves careful money management, detailed analytical research and a great deal of patience, many new bettors are looking for easy ways to win big.
Often times, these individuals will contact us asking why we don’t win at the 80+% rate that many handicappers promise. The reason? Nobody in sports betting wins over 80% of the time. In fact, even the legendary Billy Walters claims a winning percentage of “just” 57%.
Knowing what is necessary to be a profitable sports investor over a prolonged period of time, it can be very irritating to see handicappers promise impossible results to novice sports bettors who are swept away by grand promises of easy money. In the past we have exposed scamdi-cappers such as John Morrison, a.k.a. “The Sports Betting Champ”, who claimed a historic winning percentage of 97% and a weekly income of over $50,000. Yet despite this success, Morrison spent his time trying to sell his winning system for just a fraction of his weekly earnings.
These bold claims remind me of an old cliché: “If something seems too good to be true, it probably is”. If you have a system that can’t miss, you don’t share it with the world. You utilize it until sportsbooks refuse to take your bets or until you can afford to spend your days swimming in a pool full of gold ala Scrooge McDuck.
Recently, a similar handicapper by the name of Chad Smith (or as he’s more commonly known the Sports Betting Star ) has come to our attention with seemingly unattainable claims of a 95% winning rate. You would think that somebody with such an unbelievable system would simply bet these games on their own and then begin the arduous decision of which private island to buy. Amazingly, you can receive a lifetime of these nearly unbeatable picks for just $175.
For those who stumble across his website without a background in sports betting, the promises of easy riches can be extremely enticing.
Of course, the curiosity over such a staggering figure as 95% is hard to overcome. Still not convinced? Okay, but here is what The Sports Betting Star is not telling you:
His Winning Percentage is Not Based on Actual Won/Lost Records.
The SportsBettingStar system utilizes a three-tiered betting structure, in which individual bets are not counted towards wins or loses. Instead, they use a three-bet chase system which basically means that a certain team must win at least one of three games. Chad Smith directs his customers to bid on that team, one game at a time, doubling their bet size until the team finally wins. Only if the team loses all three bets is it considered a “loss.”
In other words, a team that loses twice and wins once would have a record of 1-0 in Smith’s system, not 1-2 as would be expected. The result? A very risky system in which a single three-game losing streak can cripple your bankroll. Unfortunately none of that information is detailed under the “how it works” section of his website.
His “Units Won” Results are Never Displayed or Disclosed.
Smith doesn’t flaunt his units won on his website, but almost every page on the site makes mention of the 95% winning rate. The reason behind that is that his artificially inflated 95% winning record looks much better than what his units won results would. With this system you are constantly making large bets for small returns as you try to make up for previous losses. The Martingale System itself only “guarantees” a one unit profit in theory (the original wager), and the theory is reliant on having unlimited funds to wager.
This System Requires an Unlimited Bankroll for Marginal Success.
Also known as a loss recuperation method, the martingale theory of wagering states that a win can be assured if a wager has even odds and a 50% chance of winning and each betting loss is doubled on the subsequent bet.
For example, if a $50 bet loses, you would bet $100 dollars to recoup those losses. If that fails, bet $200 on the next contest, and so on and so forth ad infinitum. For a $50 bettor with a $1,000 bankroll, this system would come to a harsh conclusion after just four losses in a row as you would already be in the hole by $550 ($50+$100+$200+$400=$550). At that point you would have just $450 remaining which is not enough to recoup your original losses. All that just to chase a $50 profit.
What’s more, this theory doesn’t even account for the vig/juice. The vig ensures that each bet has to be progressively larger in order to recoup previous losses. Following our previous example, you would essentially go broke after only four consecutive losses chasing a $50 profit if we assume the traditional 10% vig:
$55 bet to win $50 – $55 lost.
$115 bet to win $105 ($55+$50) – $170 lost.
$245 bet to win $220 ($115+$55+$50) – $415 lost.
$520 to win $465 ($245+$115+$55+$50) – $935 lost.
This also plays into what’s known as the gambler’s fallacy. Also referred to as the Monte Carlo fallacy, this theory surmises that if deviations from expected behavior are observed in repeated independent trials of a random process, future variations in the opposite direction are more probable. In other words, if you flip a coin ten times and heads comes up every time, many people will believe that the next result must be tails because the odds of heads coming up 11 times in a row is 0.000488 (0.5 to the 11th power). In fact, each coin flip is an independent event and that there is still a 50% chance of tails coming up on the 11th flip.
What You Can Expect by Following the Sports Betting Star.
In reality, there are only three possible outcomes you can expect by using this system:
1) Wager a lot to win a little.
2) Wager a lot to lose a little.
3) Wager a lot to lose everything.
The main factor in determining which outcome will apply to you is your bankroll and your luck. If your bankroll is large enough to make continuous large bets (1,000 times the size of your unit bet), than you will probably win a little in the long term. However, if your bankroll is that large, you are probably wise enough to realize this system is a scam and not worth your time.
If your bankroll is medium to small then it would be nearly impossible for you to turn a profit in the long run. You will most likely lose either a little or lose everything, all depending on how lucky you are. If you hit a losing streak early on, you will be broke. If you hit a losing streak in the middle, you will be a loser and probably broke. If you are lucky enough to avoid a losing streak for some time, then you may win a little. To keep your winnings, you must walk away and never wager again because every time you start this system over, you increase your probability of going broke.
Betting with the Sports Betting Star’s system gives you the same edge you would receive at a casino, which is to say none whatsoever. Feeling lucky? Instead of paying $175 for this service you could go to Vegas, sit down at the blackjack table, and keep doubling your bets until you’ve turned a small profit or — much more likely — gone broke.
The Good News.
The good news in all of this is that there are legitimate ways to make money in sports gambling. Like any marketplace, the sports betting world is full of inefficiencies that can be exploited by shrewd bettors. Litanies of systems exist that utilize hard data rather than gimmicks, and these systems find inefficiencies in the market and exploit them. This does not mean that there are such things as guaranteed winners or five-star, platinum club locks. Rather, it means that certain situations present opportunities where there is value in taking one side over another based on historical data and precedence.


Scam Sportsbooks.
Sportsbooks prey on guys like you and me everyday. They use their marketing tactics, bonus offers and slick software to entice new players to sign up. The more punters they have placing bets on their site, the more money they stand to make.
Some books do this legitimately. They offer honest and fair lines, uphold their end on the promotions they offer and pay their players quickly and without hassle. These are the books you want to be signed up to.
Then there are the scum, the rogue betting sites and sportsbook scams – the bottom of the online sports betting barrel. These guys aren’t legit. They’ll do everything in their power to squeeze every cent out of you. They’ll shift lines to unfair proportions, retroactively change terms and take your deposits, even if they know they can’t – or won’t – pay you back. These are the books you want to avoid.
That’s easier said than done, though. I like to think of scam sportsbooks kind of like new drugs. Someone has to be the guinea pig. The one that finds out what the side affects are or if the drug is lethal. The sports betting industry is a lot like that. You don’t know the bad books from the good until you or your buddies are ripped off for every penny you have.
But there is hope. There are signs to look for that will give you an idea of what books are worth continuing to place wagers at, and the ones you should withdraw (if possible) and run away from, as if they were carriers of the bubonic plague.
The Biggest Scams in Online Sports Betting History.
Those signs come from studying the past. From knowing what scam sportsbooks the industry has already had the pleasure – err, nausea – of dealing with. By understanding how these books scammed your peers in the past, you’ll be able to spot trends and/or patterns in up and coming scam books, enabling you to get away before things get nasty.
The following are some of the biggest scams in online sportsbook history.
What Scam Sportsbooks Have in Common.
From reading the scams above you’ll notice that these bottom feeders have several things in common. Knowing what they are will help you to spot scams faster in the future.
Slow Pay or No Pay – These books either don’t pay their players, or take weeks/months in doing so. Retroactive Terms – Sportsbooks will go back to their terms and conditions and change them to favor them over the player. Then they’ll point to those terms to the player to justify why the player isn’t getting paid (100%). Term Technicalities – The book will look for any loophole, no matter the size, in attempt to escape paying a player their winnings. Even if it’s made up. For example, most books have a clause on professional betting or syndicates. However, those player types are subjective – enough so that books can use them against you. Huge Promotions – Many books have huge promotions in terms of bonuses, future bets, etc. If that’s all they have going for them, beware – they’re probably not a book worth betting at. Fancy Websites – One thing you’ll notice is that nearly all scam books have shiny websites with awesome backends. Unreasonable Ratings – When a review portal decides to boost the rating of a sportsbook from, say, a D to an A, in the span of a couple of months – beware. Most books that are bad from the beginning don’t get better. Those that do have A or B ratings took months/years to get there.
Some of these commonalities don’t 100% mean the book is bad, like fancy websites or big promotions, for example. But when you couple them with slow pays, retro terms or boosted ratings, not too far away is (usually) a scam.
How to Find a Reputable Sportsbook.
I wanted to end this page with some tips for how to find a solid, reputable sportsbook. So lets start with what you shouldn’t do.
I would avoid review sites, or at least use them with caution. For many of them, their word is influenced by dollar signs. SBR is a great example of this – they knew BetIslands was connected to 7 Red and EzStreet, but lied about it. They knew at least 4-6 weeks in advance that BetIslands was going to tank, but encouraged them to take deposits anyway. And for what? What did they get out of it?
Between $1-$2 million. Apparently, that’s what their integrity is worth.
SBR is a large company, too. They likely bring in 7-8 figures in revenue every year, so 1 or 2 million isn’t as significant to them as it may be to you or me. I point that out because if they can be bought for that amount, how much do you think it’ll take to buy out a smaller (review) site you come across? $10,000? $25,000? You never know. So take their recommendations with a grain of salt.
What I recommend doing instead is creating a group of guys that bet on sports (online) regularly. The idea here is that you have a group of maybe 4-5 guys that you can pass tips back and forth with, specifically for where to bet and what books to avoid.
Combine this with a forum or two, and maybe one website that has yet to steer you wrong (like ours), and I think you’ll avoid the rogue bookmakers and other train wrecks most of the time. Instead you’ll end up at books that are honest with their players and pay on time.
Those are the books we like to play at. Those are the books you should prefer to play at, too.


Betting & sports investment scams.
Betting and sports investment scams try to convince you to invest in foolproof systems and software that can 'guarantee' a profit on sporting events.
Common examples of sports investment scams Warning signs Protect yourself Have you been scammed? More information.
Common examples of sports investment scams.
These scams are simply a form of gambling camouflaged as legitimate investments. Most of the schemes or programs do not work as promised and buyers cannot get their money back. In many cases the supplier simply disappears.
Computer prediction software.
The scammer will try to sell you a software program that promises to accurately predict sporting results, usually of team sports or horse racing. They will promise high returns or profits as a result of the program's use.
Team sports betting programs claim to identify opportunities based on historical trends and the different odds offered by various bookmakers. Horse racing software will often claim that predictions are based on weather conditions, the state of the horse, the draw, or the condition of the jockey. They may also claim to track the money that has been placed on a race by professional betters.
Often the information used in these programs can be obtained from the betting pages of your local newspaper at very little cost.
Betting syndicates.
The scammer will try and convince you to become a member of a betting syndicate. You will need to pay a compulsory fee (often in excess of $15 000) to join and open a sports betting account. You will be required to make ongoing deposits to maintain the balance of the account.
The scammer tells you that they will use funds in the account to place bets on behalf of the syndicate. You, and other 'syndicate members' are promised a percentage of the profits.
Sports investment.
The scammer will use technical or financial terms such as 'sports arbitrage',' sports betting', 'sports wagering', 'sports tipping' or 'sports trading' to make these scams look like legitimate investments. Promotional material often takes the form of glossy and sophisticated brochures or websites that contain graphs or diagrams promising large returns for little or no effort.
The scammer may also claim that their company is registered with the Australian Securities and Investments Commission (ASIC).
Warning signs.
You approached to invest in a money-making opportunity that promises huge returns and risk-free profits. The sales pitch is accompanied by glossy promotional material showing extraordinary returns. The seller uses financial or technical terms to try and sell their product or scheme. You are told places are strictly limited and you need to buy now in order to secure the software package, or your spot in the scheme. You are frequently called by salespeople trying to pressure you into buying the product or joining the scheme.
Protect yourself.
If you receive a call from someone trying to sell you a sports investment opportunity or prediction software - just hang up. Be wary of high pressure and slick sales tactics, such as reports on past performance and graphs showing high returns. Do not let anyone pressure you into making decisions about money or investments - get independent legal or financial advice. Conduct an independent check on the company selling the scheme or service - often their postal address will turn out to be a car park and no real office exists. Look out for any ongoing costs associated with the scheme or system. Make sure you know how to cancel any subscription service that you sign up to.
Have you been scammed?
If you think you have provided your account details, passport, or other personal identification details to a scammer, contact your bank, financial institution, or other relevant agencies immediately.
Spread the word to your friends and family to protect them.




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