There are thousands of people online who call themselves tipsters and offer their services to other people who would like to make a profit and even a living out of sports betting. All right then, no news here. We all know who they are and what they do. But how can we find out whether they are genuine or they are just trying to steal your money?
There is no straightforward way to distinguish real from fake tipsters. Some pessimistic-minded people will say there are not any trustworthy tipsters, never mind if you are paying fees or not. You should always keep in mind that paying for a service doesn’t guarantee it is a proper one. Some completely free tipsters are honest and genuine, but the difference is they tend to provide even lower odds and do this in their free time.
Any real trusted tipster will always apply proper strategies depending on the preferences of each customer – markets, events, types of play, sports events, bookmaker and many more.
What could be the warning signs you are getting scammed?
- You are approached to invest in a money-making opportunity that promises huge returns and risk-free profits. It’s often like “100% sure”, “fixed” and other words advertising benefits in a risk-free environment. So basically, you are told that you can make a huge profit by investing money in a platform or paying to a person you’ve never seen or know
- The sales pitch is accompanied by glossy, shining promotional material showing extraordinary returns. Often banners, substantial social media posts, pictures of people holding money and many more.
- The seller (who calls himself a tipster) uses financial often technical and complicated terms to try and sell their product or scheme. They target their customers to be less-educated in sports betting so using words which are not understandable or either used to complicate the understanding of the scammed person.
- You are often told that if you don’t pay now someone will take your place and places are of course limited. So you have to buy now to secure package or your spot in the scheme. Last minute offer, only for you and limited availability offer, we all have seen such proposals, the thing is it’s not the case at all.
- You are frequently called by salespeople – by phone, receiving e-mails, in messenger apps or everywhere. Targeted advertisement in websites you visit are also commonly used and are keeping you aware of the latest offers of your scammers.
Do not ever provide your account details (to a bookmaker) passport, ID or bank details to anyone you don’t have 100% faith in. If you have done so blocking your payment card is also an option, because often the monthly/weekly fees are on a direct debit scheme – they will continue to charge you even if you think that you are no longer using the services of your scammer.
Those are some of the most common ways the so-called tipsters are trying to trick you into paying, but the most used method is a simple change of stats. They edit their betting history and make people believe they are earning an unimaginable amount of games and money.
Keep in mind that genuine tipsters like WhaleBets will always provide their history and they will have clients who can confirm they are not manipulating it. Before you choose a tipster always keep a look on their bets for at least 30 days, not to see how much they will win/lose (as anyone can have a bad month) but to see if they are providing the real stats.