If one is in sports betting than they must have come across many tipsters who tell that they will turn the money 100 times in just a few bets. Social media is flooded with such tipsters who give false tips and challenges and in turn make money out of it. they do this by using each stake until they make a profit out of it.
How tipsters make money
These tipsters use the most basic human psychology to make money. Human’s do have a tendency to spend on lotteries where they invest small and pray to win a big amount from it. this is what tipsters make use of as betters think of spending a small layout expecting a large return.
These tipsters work with bookmakers where they get a share from the referred players losses. One can find several social media pages where these tipsters give tips on bets but most of them are just frauding people to earn some money. They attract new customers and make them bet wrongly and then get almost 20-30 percent of the losses of these betters through the bookmakers.
These tipster always shows off their winning tips and never acknowledge their losing tips and always push one towards the bookmaker sign-ups.
How to be careful?
These tips and challenges will never result in big wins instead will lead to big losses in the long term. So it is always advised to stay away from them and choose the approach of matched betting. In matched betting one can make use of promotional offers by the bookmakers to get a guaranteed return and is highly consistent in its return value.
Also, one can look into original websites like PokerQQ, sports trading and betting exchanges as they will not fraud the betters to earn money instead they get a commission on winning bets.