It is important to check the accuracy of any betting information that you may find on the internet. There are many scammers out there who will try to trick you into placing bets that they can subsequently win or lose. Unfortunately, it is quite easy for them to dupe you into giving them your money as it is very unlikely that you will ever see your investments or winnings again.
This article will advise you of some of the red flags that you should look out for in your quest for accurate information.
Fakes News
If you ever read news articles on a betting site, you will come across something called “fake news”. This type of article might claim that a certain horse has won a certain race when in reality it was another horse that they are trying to trick you into believing was the actual winner. Sometimes these articles are totally made up and, at other times, they might contain small parts of truth mixed in with the lies. You should never be fooled by fake news articles as they are often designed to steal your money rather than inform you accurately about odds and results.
To protect yourself from becoming a victim of fake news, it is essential that you look for several signs that an article is either completely made up or contains a very small amount of truth mixed in with the lies. One good way to verify the authenticity of an article is to use a tool called a “disclosure assistant” which can scan a news article for hidden links and sources. If an article is completely fake, it will have very few or no disclosure links. If you do find a disclosure link, that is usually a good indication that at least part of the article is true and not made up completely of lies.
Odds That Don’t Make Sense
When you are placing a bet on a horse race, one of the first pieces of information that you will come across is a number called the “odds”. The odds are usually presented in a way that makes them look appealing; for example, a 5:1 odds favor might mean that a given horse has a 5% chance of winning versus a 1% chance for the other horse.
While it might be tempting to assume that these oddities mean that your horse has a 5:1 chance of winning, this might not actually be the case if the bookmaker’s odds are correct. For example, if you were to look at the odds for the Kentucky Derby, you might see an unusually low 3:1 odds for a horse named Game Winner. This would make you suspect that something is wrong as the odds should normally be much higher for a Kentucky Derby winner as they are for horses that qualify for the race (i.e. they are not “longshots”).
Big Money To Back A Winner
One of the biggest red flags that you should look out for when checking the accuracy of betting information is the money that is being offered for a winner. If you see an unusually high number of people placing large bets on a horse named Heartbreak Corner, you should be on the lookout for a scam as, according to the website fappening.com, Heartbreak Corner is already a winner and has never finished worse than third in any of his races. He has not even placed in the top three in any of his races this year.
If you do happen to hit upon a winning horse that is backed by big money, you should do your best to stay away from them as these are the type of horses that often have a nasty habit of losing. If you are not experienced at betting and do not check the odds, you could find yourself with a big loss.
Too Good To Be True
Another good way to verify the accuracy of an article or a betting line is to check to see if it is too good to be true. If you see that a horse or a basketball team is winning by an unusually large amount, you should be suspicious as it is quite possible that a scam is in play. The general public usually does not have this kind of access to the information that the winning side uses so that they can manipulate the odds in their favor.
The chances of hitting upon a winner with a large amount of public support are extremely low. This is why the odds are usually presented in a way that makes them appear appealing to anyone who might be tempted to back them. The more unusual the better as it gives the betting line that extra bit of authenticity. In most cases, a winning horse or a basketball team will have some form of public support but it will usually not be enough to win by such large margins as in the case of the 2018 Kentucky Derby winner, Never Say Die.
Fake Auditable Accounts
When checking the accuracy of betting information, you should make sure to look at the accounts from which the odds are being distributed as it is these that will give you the true odds. If you are familiar with online betting, you will know that sites such as Bet365 and Paddy Power offer an “auditable” account system which allows you to track the wins and losses of individual players. This might seem like a great way to keep track of your wins and losses and get a better feel for how a certain betting site is performing. Unfortunately, these accounts are usually completely fake and are designed to trick people into thinking that they are real.
To keep your money and winnings, you need to make sure that you are dealing with a site that is licensed and regulated in your area. Many sites that claim to be based in the United Kingdom are actually based in Ireland which means that they are not subject to the jurisdiction of the United Kingdom regulator. When looking at accounts, you should make sure to only click on the numbers that you are confident correspond with actual wins and losses. If you are ever unsure of whether or not to click a particular number, it is usually best to refrain from doing so as it could be a sign that you are being tricked.
In summary, always make sure to check the accuracy of any betting information that you may come across as even the smallest mistake could cost you a large amount of money. Just remember, if something seems too good to be true, it usually is!