Beware of Online Sports Betting Sites

Posted by Grace under Scams and Frauds on January 6, 2016

I wonder if any of you tried online sports betting sites. This is a form of gambling but it was only done online. Stock trading and investing is very different from any kind of betting online.

Well, sounds obvious. A online sports betting is a gambling. There are many types of gambling online wherein you can easily bet money. How does it works? You will create an account to some sports betting sites, you fund your account using your credit card or debit card and when you have enough fund, you can bet anytime.


A reader asked about legitimate and safe online sports betting sites;

Hi Grace! I will be glad if you will start making blog post about betting sites. I am looking for legitimate and safe one. Can you cite some?

Most Online Sports Betting Sites are Scam

Most of online betting sites are scam. Although they offer big welcome bonus for new members or players, it is still not safe to put money on them. It is because there are many people who are interested to betting sites, some people will take advantage of it. They will create a scam site, once they get the funds, they will close the website. Anyway, creating a site is so easy. Maybe scammer and fraudster think if they can make a website worth $1,000 and generate $100 for newly registered accounts, then getting the return on investment is very fast.

Beware of Online Sports Betting Sites

Beware of online betting sites. If you are properly choosing the HYIP or high yield investment programs, choose betting sites carefully, too. However, these money making programs are not recommended. Stay away for these types of get rich quick schemes. Try to invest your money in stocks, mutual funds, or start your own business.

Instead of searching for online betting sites, try to search a good mutual fund companies or a good stock brokerage account. Create an account with them and start investing your hard earned money. Instead of gambling, invest your money. Instead of planning to get rich fast with online betting sites, try to invest your money properly and get rich surely.

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