SCAM Alert: 3 Tactics of SCAM Sportsbooks

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Online Sportsbook scams are a multimillion-dollar business. Overrepparttar last 5 years we've seen players lose millions of dollars, not because their bets lost, but because they sent money to scam sportsbooks.

Don't berepparttar 127542 next victim. Be aware of these common scam tactics to protect your money.

1. New Sportsbook with Large Bonuses (25%, 40% or more) - this is a very common tactic of new operations that don't know what they are doing. They open a new sportsbook (especially around football season) and offer large bonuses to getp players to sign-up. Their business model is flawed fromrepparttar 127543 beginning and will eventually lead to financial troubles, slow/no-pay disputes and eventual shutdown.

Beware of offers that combine High Bonuses with Reduced Juice. Also, be wary of Lines that are out of wack. Obscure or soft lines can only mean one of two things: a lack of volume or thatrepparttar 127544 book itself is gambling on events.

Remember: If a promotion looks too good to be true, it probably is.

2. Telemarketing or Cold-Calling - is a sign of desperation thatrepparttar 127545 book may be getting ready to run forrepparttar 127546 hills. Scam telemarketers will use a variety of tactics to get their hands on your money. Some try to bully you, while others will charm you. In many cases it is a single high-pressure call or other pressure tactics requiring immediate decisions (usually to make a deposit). Watch out for anything that sounds fishy.

How to Avoid Telemarketing Scams

Written by David McDonough

How to Avoid Telemarketing Scams
Offers of amazing investments and too-good-to-be-true offers are warning signs of telephone fraud. According torepparttar Federal Trade Commission, telemarketing fraud now costs Americans at least $40 billion a year.

Some ofrepparttar 127541 most common scams include:
Prize offers: The National Fraud Information Center lists prize or sweepstakes offers asrepparttar 127542 number one telemarketing scam. Usually you have to do something to get your free prize, such as buy products you don’t really want or give your credit card number, “just for verification.”

Cross-border telephone calls:
You receive a message on your voice mail or answering machine urging you to call a number inrepparttar 127543 809 or other unfamiliar area code. The call may claim to concern an overdue account or a sick relative. In reality,repparttar 127544 call is a fraud. You’re being asked to call a pay-per-call service inrepparttar 127545 Caribbean, similar to a 900 number, with charges that could exceed $25.

Travel packages:
Free or low cost vacations can end up costing you a bundle. Oftenrepparttar 127546 promoted travel deal requires you to pay hidden charges for either an expensive hotel room or forrepparttar 127547 full cost of travel forrepparttar 127548 second person.

Consumers lose millions of dollars to telemarketed “get rich quick” schemes that involve gemstones, rare coins, oil and gas leases, interactive TV licenses and other business opportunities.

Recovery room ploys:
If you’ve fallen prey to any ofrepparttar 127549 above scams, you could get a call promising to get back or “recover”repparttar 127550 money you’ve already lost. Of course, this comes at a price.

How to identify telephone fraud
Beware, fraudulent telemarketers often feed their potential victimsrepparttar 127551 same lines. If you hear one ofrepparttar 127552 following messagesrepparttar 127553 best thing to do is say “no thank you” and endrepparttar 127554 call.

Act Now – this offer is only good for a limited time

You must send money, offer a credit card or bank account number

He/she offers to have someone pick uprepparttar 127555 payment from your home

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