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10 Ways to Spot a SCAM Sportsbook
A sports bettor has
a difficult enough time attempting to beat the odds without
adding extra risk by not researching his sportsbook or
monitoring its business. Just as a racecar driver will
always check his equipment and wear his seatbelt, the sports
bettor should monitor his vehicle to protect himself. Driving
in the fast lane does not mean driving reckless. Along
with playing at only top tier sportsbooks, there are many
traffic signs a player can watch for to avoid the highway
pile up.
- If
a Sportsbook that has never offered a bonus over 10%,
now offers a 25% Bonus with a low roll over.
- If a Sportsbook offers a High Bonus with Reduced
Juice - or other combination of offerings that
look too good
to be true, it probably is.
- A Sportsbook with Obscure or Soft Lines can only
mean one of two things: a lack of volume or that
the book itself
is gambling on events.
- When things are not going so well, a Sportsbook
will increase prices. This alone is not a sign
of problems.
But if you
see this with any of the other items on this list,
the book may be in trouble.
- Keep
an eye on a Sportsbook’s marketing
campaigns. Watch for anything out of the ordinary
- new or drastic
changes like cold calling or excessive bonuses
can represent a change in target audience or
utter desperation.
- If
a Sportsbook representative posts a message in the
forums that’s a too good
to be true "just for you" offer
- the book may be getting ready to run for
the hills.
- If
there is a sudden stop of all book-to-book transfers
- there’s a good chance
it is due to at least one book halting transfers
with
them first. No one knows more
about your house than your neighbor.
- When
a Sportsbook has frequent changes in management and
shareholders - there
is a
new risk to the players.
- When
there is a slow/no pay dispute over a large amount
of money
from other player(s)
- the book
may be having
financial troubles and can’t
pay.
- If
you are given excuses for non payout or your account
is audited after
the
payout process is
initiated
the book may be stalling.
If you know what to look for, you
don’t
need to be paranoid. Sometimes you smell smoke
and there is no fire,
and sometimes the scent leads to a life saving
evacuation. In this industry, you have to sniff
extra hard because
there is no safety net. It is completely unregulated
(with Australia being our exception) and only
you are responsible
for your funds. By:
Bill Dozer, SBR Analyst
© 2004 All rights reserved
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