Common Sportsbook Scams

I know there are many great sportsbook sites out there. Unfortunately, there are just as many scammers. There are a lot of ways they try to con people out of money. Here are a few common scams that online sports books run to steal people’s hard earned money.

Offers You Free Money via Email

One of the most common ways online sports books scam people is by offering them free money, even though the recipient have never heard of them before. For example, if consumer receives an email offering them free money, and that consumer clicks on the link, then they will usually encourage them to make an initial deposit using Western Union or MoneyGram. You never want to do this because there’s a good chance the company will take your money and run with it. A reputable sports books company sends emails to those who requested to receive them or to current customers. Scammers tend to cold call and send random emails to consumers.

If a person receives an unsolicited email from an online sports books, then they should ignore it. They could end up losing a lot of money by opening the email and falling for this trick.

Offers Large Signup Bonuses As A New Company

Another common scam involves signup bonuses, and it is typically ran by new companies. A brand new company simply cannot offer large bonuses. If a company offers large bonuses, the chances are they are just trying to get as many consumers to join and deposit money, but may not have any intention of paying out large bonuses. Be very wary when you spot a new company offering large signup bonuses because if it seems too good to be true, then it probably is.

Furthermore, if the odds seem too good to be true, then this is a bad sign too. Sure, the company may be genuine and have intentions of paying out the bonuses or other perks, such as reduced juice betting. A new firm simply won’t have the funds to pay out such bonuses and to stick to the odds they have promises. In the long run, they will likely take your money or you won’t get paid what you thought you were going to get paid.

It Launches Around The Beginning Of NFL Season

Many scams will launch their sports books company right around the beginning of the NFL season, and the offers may seem out of this world. However, NFL season tends to be the most popular time of year for people wanting to open new accounts and place bets. Scammers know this, so they launch their sites and wait for people to find them. When consumers deposit their money into their new accounts, they will usually just take it in that’s it. The chances are slim that anybody will get paid.

Nobody wants to be scammed by an online sports books company. However, it can and does happen more often than you think. Only do business with a sports books that is reputable and has a proven track record.