It’s jungle out there

02/12/2011 | By More

Another week and another amazing betting system drops into my inbox.

Each one is similar to the last, as for only a few quid, limited to just a few people; you can have a system that requires little work yet prints money. Sounds fantastic, but as we all know it’s just not true. Why sell something for a fraction of the profit it allegedly generates? Just doesn’t make any sense.

In the past I have noticed that most of these systems are simply ebooks or manuals of one sort or another, but increasingly you are now seeing software being touted with these systems.

When you receive these new mailers it’s difficult to believe any of the claims. But furthermore, when you dig deeper, you often find the individuals involved have done their best to hide their identities. Doing a ‘who is’ on the domain reveals nothing. Asking, enquiring or trying to dig for a contact equally draws up a blank. So, my point….

There has been a lot of talk and incidences where betting accounts are being actively de-frauded. We were all alarmed to learn that Betfair will not refund in these cases as they are not taking counter party risk, yet. Therefore, could you realistically use software where you can’t see it has been approved by an exchange, has no track record and you can’t even find out who made it? Coupled with extravagant claims, it’s not really worth the risk is it?

I know most readers of the blog will not be in the group of people that could be suckered by these things, but if you know somebody that could be drawn in. Give them a gentle reminder and save a lot of possible heartache. At best we may move to a situation when everybody understands the risks involved and maybe get some formal involvement from the exchanges themselves.

 

Given the risks, he is probably a better bet.

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Category: Using Bet Angel

About the Author ()

I left a good job in the consumer technology industry to go a trade on Betfair for a living way back in June 2000. I've been here ever since pushing very boundaries of what's possible on betting exchanges and loved every minute of it.

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