Predictive software professes to predict a game’s outcome based on various factors and expert opinions, promising high returns on events like team sport matches and horse races.
Team sports betting scams allegedly make predictions based on historical trends and odds offered by different bookmakers. Meanwhile, horse racing scams claim to identify opportunities based on weather, horse and jockey conditions. This software might sound impressive, but its information can usually be gathered from simple sources like your local newspaper – and it is certainly not foolproof. Rather, it’s just a means to swindle your savings.
If you have encountered this type of sports bet scam and would like to crack down on the perpetrator, please contact our investigators immediately.
Betting syndicates
Sports bet scammers utilise social media to entice victims into becoming members of betting syndicates. The orchestrator will claim to bet on behalf of the syndicate with the money in your account, and then share a percentage of overall profits with you.
The catch? To open a sports betting account, you must pay a compulsory sign up charge and, in most cases, monthly membership fees. As well as never seeing a cent in return, you’ll find it impossible to get a refund on your investment.
If you have fallen victim to this form of betting fraud and would like to seek justice, please contact our highly-skilled investigators today.
Sports investment schemes
Sports investment schemes target individual professionals, small businesses, retirees and other vulnerable victims with funds to steal. They tend to be advertised as smart investment opportunities at trade fairs, shows or online. Alternatively, you may be approached through a cold call, email or letter.
The scammer will use technical jargon such as ‘sports trading’ and ‘sports arbitrage’ and ‘sports tipping’, as well as glossy marketing materials, to appear legitimate. They may even purport to be registered with the Australian Securities and Investments Commission (ASIC). This is all a guise to get their hands on your hard-earned savings.
If you have lost money to a sports investment scheme, please contact our renowned investigators for proactive support.