Thursday, October 6, 2022
Gambling

The 5 Most Common Sports Betting Scams and Ways to Avoid Them 

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When it comes to sports betting, there are many different ways that people can scam you out of your money. Sports betting online on sites like SPBO is a huge industry, and many people look to take advantage of innocent bettors. In this article, we will be looking at the five most common sports betting scams and how you can avoid them.

Common Scams to Avoid:

  1. The first and most common sports betting scam is the “pump and dump.” This scam works by someone creating a fake betting line and then convincing people to bet on it. After enough people have bet on the line, the person who created the fake line will then bet against it, making a lot of money off the unsuspecting bettors.
  2. Another common scam is known as “teaser flipping.” This one works by someone finding a betting line that they think will move in their favor and then convincing other people to bet on it with them. Once the line moves in their favor, they quickly cash out their bets, leaving the other bettors holding the bag.
  3. Another common scam is known as “shaving points.”  This is where a bookmaker will intentionally give one team a few extra points in the point spread to make sure that the other team doesn’t cover the spread. This can be done by doctoring the point spread, manipulating the odds, or simply making up the score.
  4. Another common scam is known as “picks selling.” This is when someone attempts to sell you their “secret” system for choosing winning bets. For example, they might promise a high success rate or tell you that they only sell their system to a limited number of people. But the truth is, there is no such thing as a 100% guaranteed system for picking winners.

In conclusion, these are just a few of the many different sports betting scams you need to know. If you’re ever thinking about placing a bet, make sure you do your research and know who you’re dealing with. There are a lot of honest and reputable sportsbooks out there, but there are also a lot of scams. Don’t let yourself get taken advantage of.