How to Avoid Scamdicappers
Sports-Handicapping Picks, a New Wave of Fraud in the Gambling Industry
In a consumer marketplace dominated by social media, it's harder than ever to distinguish between what's authentic and what's a scam. Millions of products and services are bought and sold over many different social networks every day, including a service that used to be only be advertised in the margins of the yellow pages: sports-handicapping picks.
With the advent of social media and the explosion of sports betting's popularity across the United States in the wake of recent legalization, fraudulent handicappers (known amongst sports bettors as scamdicappers) have proliferated on social media, especially on Instagram.
Scammy handicappers aren't an isolated phenomenon preying on a select number of individuals on social media, either. Scamdicappers are on record defrauding everyone from casual sports fans to multi-millionaire liquor magnates.
As creative as scamdicappers are, a discerning observer equipped with the right knowledge will be able to avoid them with ease.
The most important way to determine if you're dealing with a scamdicapper is to look for accountability and transparency. If you can't find a 'capper's publicly posted lifetime win/loss record, you should steer clear of them.
Legitimate handicappers with nothing to hide will be more than willing to promote a verifiable account of their above average record for picking winners.
In contrast, scamdicappers will obscure their lifetime winning percentage, because unlike legitimate handicappers, they've got something to hide.
Additionally, don't be fooled by an account that focuses heavily on recent successes (i.e. 9-1 on Monday Night Football). Scamdicappers often draw attention to abbreviated periods of success, because they don't have a stronger body of work to show off. Anyone can get lucky and pick winners over a small enough sample size, so don't fall to this common deceptive technique.
Always be wary of a sports handicapping account that privileges memes, inspirational messages, or even sports news over winning picks.
Real handicappers spend the majority of their time trying to find an edge over bookmakers and selling their expertise to their clients. Any account worth your time is going to eschew making you laugh and choosing lame inspirational quotes in favor of content actually related to sports handicapping and picking winners.
There's nothing wrong with handicappers showing off a little personality from time to time, of course, but if a 'capppers personality focus of the handicapper's account, its more than likely because they can't do their actual job well.
Watch Out For Membership Tiers
If you see a handicapping service with different membership tiers, separated with different prices, you're almost assuredly dealing with a scamdicapper.
No legitimate handicapper should ever promise different picks to their clients based on how much they're paying. This includes things like "pick of the week," or "personal plays." Avoid accounts that advertise like this at all costs.
The chief reason fraudulent handicappers use tiered membership is because the more layers of membership they services offer, the higher the chance that one of those layers lucks into an above average winning percentage.
If you come across a handicapping service that offers guaranteed wins, or promises a winning percentage that's 60%, you've spotted a fraud.
First of all, a guaranteed win in sports betting doesn't exist. No handicapper (well, at least legally) can control the outcome of a sporting event.
Secondly, it's a well-reported that the best sports bettors in the world have a lifetime winning percentage either at or slightly above 55%. A random account with a few thousand followers isn't going to be posting a historical winning percentage, and if they were, they wouldn't need to be selling their picks Instagram.
Like most social media hoaxes, if they have no comments but thousands of likes and followers. Something is wrong.
It's very easy for scamdicappers to buy both Instagram followers and Instagram likes to create the illusion that they're more popular and legitimate than they really are. Thankfully, it's easy to detect who's buying their followers and likes – just check the comments.
Legitimate handicappers with satisfied clients will have comments on their posts that testify to precisely that. If you come across a sports handicapper's Instagram its characterized by photos of fast cars, stacks of money, strippers, and bottle service, chances are you've come across a scamdicapper who's obtained their riches ripping off unsuspecting sports bettors.
The best sports handicappers are always reticent to draw a ton of attention to themselves, and they work to maintain a delicate balance between self-promotion and moderation.
Being too flashy often begets the wrong kind of recognition from bookies, online sportsbooks, and brick and mortar sportsbooks, who often act to restrict or limit the betting privileges of anyone who's seen as being overly braggadocious. No one, including sportsbooks, likes to be embarrassed. No real sports bettor would ever take to Instagram to show off their sports betting acuity – its simply too risk, and could easily affect their future earnings.
How to Report the Online Gambling Scams:
Make your family and friends aware of the Scamdicapper Scam by sharing it on social media using the buttons provided. You can also officially report scammers or any other questionable gambling platforms to the Federal Trade Commission using the link below:
How To Protect Yourself More:
If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.
TOP 5 MUST-WATCH FRAUD PREVENTION VIDEOS
Educate yourself with the videos below: