Although there are many tipsters who attempt to provide genuine tips, there are some scams out there you need to avoid! Can you spot this well known betting tip scam – variations of which still catch people out?
- Let’s say you are sent an e-mail purporting to contain a betting tip that’s certain to come in on an event tonight? You don’t pay much attention to the e-mail, as it seems like a piece of spam. Later when you are watching TV you catch the end of the event the tipster predicted. In the back of your head you seem to remember the outcome might have been the same as the tip. You go back and check your e-mail, and the tipster got it right, but you don’t think much of it.
- The same day the following week, again you get an e-mail from the same sender with another betting tip. You still don’t think much of it, but this time decide to remember the tip to check it later. You check the result later, and the tip came in. He just got lucky, you say!
- The following week, another e-mail with another betting tip drops in your inbox – this time you are intrigued, and decide to tune in to the event the tipster bet on, and it wins! You are becoming tempted to bet some of your own money on these tips, if they keep coming.
- You keep getting e-mails every week before an event, and later on that day the tip comes in. You start betting small amounts on each tip, and keep winning at your favoured bookmaker.
- After a short while, an e-mail comes in saying you will have to pay to receive further tips. Surely the tipster must be worth paying for, and you could make a fortune? You are about to pay – after all the tipster has got 100% of tips correct in row.
Unfortunately, you have been scammed all along by the ‘tipster’. We’ve posted the answer here, but can you spot this betting tip scam first? We’ll give you a hint: Survival Bias.