Horse racing-related scams are also becoming popular these days. The scammer will send a letter or mail stating that “professional gambler has information that he knows which horse will win in the upcoming horse racing event and that he needs a huge amount of ransom to disclose this information to the public.”
The letter and audio file will look genuine and honest, and they will believe the scammers’ words and immediately deposit or wire the money to the scammer. They will realize that they’ve been cheated by scammers only if they don’t get an answer. In many parts of the world, scams related to racing tipsters also make the rounds. The scammers will act as experienced punters and race specialists in these types of scams and cheat the innocent people’s money.
Knowing their Methods
A well- informed bettor is hard to get scammed by fraudsters, that’s why wagering information how to bet is very helpful to keep from fraudsters. The public receives lots of information from them over the phone. While many target groups are fleeing from them, few immediately fall prey to their fake calls.
Race-related scams are becoming very popular, and several people have received these types of emails over the past few months. Scammers compile the data of people who regularly watch horse racing and send them emails stating that they provide useful horse racing tips and they also have prediction software at the lowest possible price that will correctly predict the winner.
Words in the mail will look very trustworthy and official. They will state they’ve predicted the winners correctly in the past and send an attachment that will provide details of the horses they’ve won in the past.
Fraud racing tipsters. In many parts of the world, scams related to racing tipsters also make the rounds. The scammers will act as experienced punters and race specialists in these types of scams and cheat the innocent people’s money. Although there are plenty of racing enthusiasts offering the best horse tipping service, there are also scammers who deceive the public with fraudulent tipping services.
There are many fraudulent activities also that happen in other sports such as in football. This scandal involves the football team at Boston College. Before the game was played, Boston College head coach Dan Henning heard rumors that many of his players had bet that their opponent Syracuse would lose Boston College. Unfortunately, no action was taken by Dan Henning before the game began.
In basketball, It’s one scandal in the minds of many people today that is still fresh. The New York Post started reporting on the possibility of an NBA referee betting on NBA games using insider knowledge in 2007. The FBI eventually took part and launched an investigation.
Once the investigation was completed, charges were brought against Tim Donaghy, the NBA referee. It turns out he’d been betting sums well above $10,000 on games he’d been running. Tim Donaghy also made calls in favor of the team he wagered for winning the game.
And in Japan sumo wrestling, You may not have heard of this particular scandal due to the sport and its location. This sports betting scandal took place in 2011 and rocked the country of Japan.
It was discovered during an investigation that 13 senior sumo wrestlers in Japan were betting on match outcomes and fixing matches themselves. This crime rocked the sport and the country because of the strict code of conduct and integrity represented by the sumo wrestling sport.
How to Realize that it is a Scam?
When it comes to scams, knowing what to look for is one of the best ways to protect yourself. For instance, you receive a glossy brochure that introduces you to a horse racing insider who is consistently able to provide information that will give you a winning edge in your betting decisions.
You can pay the subscription fee and send you this confidential information. You can also use your own money to place bets on behalf of the’ expert’ and send him his winnings while putting your bets. The interest you place on the expert’s behalf acts as your fee.
Here are some things you need to be careful at,
Contact unwanted or unexpected. If you’ve received any contact, but especially a telephone call, it’s best to avoid it. Just, for example, there has been a ban on cold calling about pensions since January 2019. This means that no company should contact you about your retirement unless you have asked them to.
Usually, it is if it sounds too good to be true. This is something you typically find in pension or investment scams, where the fraudster guarantees you huge returns, but you are told that it is low risk.
Address to the email. If you receive an email, expand the message pane at the top and see exactly who it came from. If it’s a scam, the message’s email address will be filled in with random numbers or spelled incorrectly.
Personal details, passwords, and PIN codes. No authentic company is going to ask you for these things.
Quick choices. Be suspicious if you are pushed to decide on the spot. Scammers don’t want you to think about it for a while.
Getting Away from Them
Give an appropriate response to put the scammers in extreme fear, never share personal and financial information with strangers such as pin, account number, and passwords when you are sure that it is a scam, scaling up the issue to the police or cyber cell can be beneficial.
When requesting personal information or banking details, do not build a relationship with any strangers. Never accept parcels from unknown destinations or countries.
People should be cautious when dealing with others as the race-related scams and other horse racing-related email scams are steadily increasing.
People should be as cautious as possible when dealing with aliens and third parties. Horse racing enthusiasts who visit the stadium regularly should be careful when receiving scamming emails stating that “we have been professional sports analysts for the past several years and will provide genuine and honest software and a book with useful tips on betting in a game and will also correctly predict the future winners.”