Every punter’s dream is to have a successful betting journey filled with significant wins. However, it’s different in most instances where gamblers are on a losing streak. To cut losses, players seek the services of betting tipsters believing they have expert solutions. 

However, unknown to most punters, most tipsters are making profits from the punters’ losses. Tipsters are supposed to give you accurate predictions, but they deliberately give you wrong ones leading to losses. The worst part is that punters pay to receive the odds meaning they pay to lose.

Where to get betting tipsters

The rise in social media tipping sites and blogs has led to affiliation programs between tipsters and bookmakers, where tipsters receive a percentage of punters’ losses from the bookmakers. In such cases, gamblers join bookmaker’s websites via the link posted by the tipsters. The tipsters do not disclose to punters that they have an affiliate relationship with the bookmakers.

Bogus tipsters open Facebook pages, Twitter, web portals, and forums that display flashy adverts with exaggerated winning ratios. These pages claim their odds originate from pro players or veteran punters with substantial experience beating bookmakers. They alter their stats and wagering history to portray success.

Many inexperienced gamblers subscribe to these platforms to benefit from the tipster’s expertise and knowledge. As a result, many continue making losses hoping for fortunes without realizing they are being conned. Players spend significant money on these tips only to find they have negative earnings at the end of the month.

How Tipsters Trick Punters

Punters use several ways to lead their customers to losses and benefit from them.

Long Odds

Long odds are an easy and commonly used method of tricking gamblers into purchasing betting tips. Such odds are usually provided as multiple bets where tipsters combine several bets. Most of these bets are on less-popular leagues with very high odds to lure innocent punters. 

Sure Bets

A sure bet is a catchy phrase tipsters use to attract punters to pick their recommended bets. Sports betting is a form of gambling which involves winning or losing. Therefore, any wager promising a sure win is highly likely a scam. Secondly, sure bets are hard to get, and bookmakers usually seize them very quickly before punters and tipsters can wager on them.

If there were such sure bets, tipsters would wager on them and pocket massive wins alone without selling them for small fees to punters. Platforms with the best betting tips will only never offer sure bets as they know tables turn on the field. 

Perfect Betting History

Tipsters know that punters will do a little research on their betting success rate; therefore, tweak the stats and history to reflect a rosy journey. They match concluded events or games with their winning predictions creating confidence among punters. 

It creates an impression of an excellent tipster, attracting gamblers looking for wins but losing their money.

Can I Claim Back Losses From Misleading Tipsters

The majority of these tipsters close their accounts immediately after punters start complaining and go on to open other pages under new identities. This makes it challenging to get your money back. If the tipster is also the bookmaker, you can report them to the regulators for misleading information.

A story is told of a racing tipster who gave misleading adverts to punters earning himself £300,000, and was banned by the court from giving out such information to the public.

Conclusion

Always stay alert not to fall on such scams, especially when a tipster promises 100% winning tips, asking you to deposit big wagers to make handsome profits. Even if it’s true, bookmakers probably know about it and will cap it quickly to avoid plunging into losses.