Sports Tipster Scams to Watch Out for in 2024

In the world of sports betting, tipsters can be a great help for punters looking for tips and predictions.

As tipster services have grown in popularity however, so have the scams.

With con artists hiding behind legitimate looking services, knowing the red flags has never been more important.

In this article we’ll go through the most common sports tipster scams and arm you with the knowledge to avoid getting caught out in 2024.

The Sports Tipster Scam Epidemic

Sports betting has been around for centuries but with the rise of the internet, it’s never been more accessible.

With that came the rise of sports tipsters – experts in their respective field who offer advice on what to bet on.

Some are genuine but many are using their platforms to rip off unsuspecting punters.

In the last few years sports tipster scams have gone through the roof with more and more people getting caught out.

Stats show a big rise in sports betting scams with the UK’s Gambling Commission reporting more and more incidents year on year.

The impact is huge – not just on individual punters who can lose big sums of money but on the sports betting industry as a whole.

Fake betting tips and manipulated win rates can damage the reputation of genuine tipsters making it harder for punters to trust the services.

Why Do People Fall for Tipster Scams?

So why do people fall for sports tipster scams?

Easy money is a big part of it. Scammers lure in punters with promises of insider knowledge and guaranteed wins, playing on the human desire for fast, easy profit.

Add in some clever psychological tricks and they can be very persuasive.

One of the main tools scammers use is FOMO – Fear of Missing Out.

They tell potential victims they’re about to miss out on a one off betting opportunity and if they don’t act fast they’ll regret it.

This sense of urgency can cloud a punter’s judgement and lead them straight into the hands of gambling con artists.

 

10 Red Flags to Watch Out For

To help you avoid falling victim to fraudulent services, we’ve compiled a list of 10 red flags that should immediately raise your suspicions.

From unrealistic win rates to vague refund policies, here are the tell-tale signs of a sports tipster scam in 2024.

Red Flag #1: Lack of Transparency in Track Record

A genuine tipster will provide a transparent and verifiable betting track record.

Unfortunately many scammers cherry pick their results, only showing winning bets and conveniently ignoring losses.

This selective reporting is a big red flag in sports tipster sites.

To avoid getting duped insist on seeing the full unedited track record.

Independent review and proofing sites like this one can help you verify the results of a tipster.

We record all the results of a tipster we review in full, with nothing fudged or hidden so you can see for yourself how well they’ve done.

If you have doubts about a tipster’s record, ask them to submit to proofing on a site like ours so we can track the results in real time. 

If they refuse then it could be a cause for concern. 

Red Flag #2: Unrealistic Profit Claims

Another common warning sign of sports tipster scams is the promise of unrealistically high profits.

Many scammers lure bettors with bold claims of generating huge returns—far beyond what is achievable in the world of sports betting.

For example, tipsters may boast about turning a small bankroll into thousands of pounds in just a few weeks or advertise exaggerated profit margins like 500% per month.

Or they offer vague, unverifiable claims like “$10,000 made in a single weekend.”

These kinds of promises are not only misleading but also mathematically implausible.

In reality, even the best sports bettors operate on relatively small margins.

The very best tipsters may be pleased with a profit of 100-200 points per year (to one-point levels stakes or thereabouts). 

That would be £1,000 – £2,000 profit per year at £10 per point.

Tipsters who claim to regularly generate profits far beyond this are likely engaging in deception or heavily exaggerating their results.

Sports betting is not a get-rich-quick scheme, and anyone who presents it as such is not being truthful. 

Red Flag #3: Too Good to Be True Win Rates & ROI

In a similar vein, another big indicator of sports tipster scams is the promise of unrealistic win and return on investment (ROI) rates.

A high win rate – say 90% or higher – is a cause for suspicion in itself, but particularly if the claimed return on investment is also high.

As we have discussed when looking at how to verify sports tipster claims, a high win rate is usually associated with a low return on investment (ROI). 

If a tipster claims they have hit a 90% strike rate, then you would normally expect the ROI to be around 5-10%, at best. 

If they are claiming an ROI of +30% with a strike rate of 90%, that should be an immediate red flag. 

That is almost impossible to achieve long-term and we are yet to see any tipster who can do it, having reviewed hundreds. 

An ROI of 30% is usually associated with a win rate of 10-25%. 

That is because to achieve such a high ROI you generally need to be tipping at long odds (10/1+) for there to be enough edge in the prices. 

At a 90% strike rate a tipster will be tipping at odds-on, probably as low as 1.10-1.20. 

At those odds, there simply isn’t enough margin to achieve a 30% ROI. 

Even the top professionals such as Tony Bloom are reportedly happy with a 1-2% ROI when betting at odds-on. 

Be very suspicious if a tipster is claiming a high ROI when accompanied by a high win rate.

Look for independent reviews and use websites like this that track tipster performance.

If the win & ROI rate seems too good to be true, they probably are.

Red Flag #4: One-Page Sales Sites

A frequent sign of a fraudulent tipster is a single-page website. 

These are often glossy sales pages  and are typically polished and skillfully marketed.

They usually make grand promises of profits but lack verified results or even a results spreadsheet you can examine.

They often feature narratives like, “I tried every tipster and betting system out there but just kept losing money. Then I discovered this secret betting system, and now I earn thousands every month!”

This is usually accompanied by a story about the luxurious lifestyle that person now enjoys, being able to travel and buy expensive cars, clothes and the like.

Sometimes there will be screenshots of winning betslips, showing thousands won in a single bet.

However, these screenshots can easily be faked. Or even if they happen to be real, the person may have placed hundreds of other losing bets and they are only showing you the winning one – not their overall record. 

If one of these sites does happen to show their full results, then unless those results have been independently verified by a reliable source it doesn’t mean much.  The results could still be fake. 

These sites also often have time-limited offers, telling punters they’re about to miss out on the opportunity of a lifetime if they don’t sign up. 

Whilst a tipping service having a time-limit on a special offer isn’t itself the sign of a scam, when accompanied by some of the tactics described above and unrealistic claims of riches, it is a red flag.  

Be very wary of these glossy one-page sales sites, unless their results have been independently verified by a trusted source. 

Red Flag #5: Guaranteed Wins and Risk Free Promises

One of the biggest red flags in sports tipster scams is the promise of guaranteed wins or risk free betting (unless it is matched betting, but that is something separate entirely).

No matter how confident someone is in their tips, there are no guarantees in sports betting.

All bets carry risk and anyone who claims otherwise is trying to scam you.

And offering guaranteed wins can be in breach of gambling regulations in certain jurisdictions.

Reputable tipsters are always transparent about the risks involved in betting and never make outlandish risk free claims.

Red Flag #6: Suspicious Charging Structures

Another red flag to watch out for is tipsters with suspicious charging structures. 

Genuine tipsters often provide free picks or low-cost trials to prove the value of their service.

But scammers spin this by either not offering free trials or using them as a bait to catch victims, with a huge jump in subscription costs after the free trial.

So for example they might offer a 7-day free trial, then bump up subscription costs to $199 per month, which is often buried in the small print.  

When considering a tipster, look for those who offer a genuine free or low-cost trial with no hidden catches and transparency about what happens when the trial ends.

A low cost trial would typically be $1-5 for a week or two’s trial for example.

Then a reasonable subscription would be say $30-50 per month, but certainly not hundreds of dollars. 

A good service will be confident enough in their tips to offer a free or low cost trial to let you test them out before committing, and be transparent about the cost after the trial ends.

Red Flag #7: Vague or Non-Existent Refund Policy

Another common scam is a vague or non-existent refund policy.

Scammers don’t want to give refunds and have obscure terms and conditions that make it impossible for punters to get their money back.

Before signing up to any tipster service read their refund policy carefully.

If the terms are unclear or confusing it’s a big red flag that the service may not be legit.

Red Flag #8: Inconsistent or Changing Identity

Scammers often operate under multiple identities to avoid detection.

One day they may be “John the Expert Tipster” and the next “Paul the Insider Betting Guru”.

This inconsistency is a big red flag in social media betting scams.

A good tipster will have a consistent online presence with a stable name, branding and track record.

Be cautious of services that rebrand or change identities.

Red Flag #9: Overly Complex or Changing Betting Systems

Scammers use overly complex or changing betting systems to confuse their victims.

By creating a mystery around their methods they make it hard for punters to evaluate if the system works.

If the punter then complains about results, they respond that they haven’t understood the system properly and it’s their own fault.  

Another tactic used by dodgy tipsters is to constantly change systems. 

When one doesn’t work they just introduce a new one – often with backtested or fake results to make it look good. 

Alternatively they may have a whole suite of systems, most of which lose money over the long run.

The tipster might say “it’s okay, look at these three systems, they are all in profit,” whilst they have seven other systems that are losing money. 

Then the next month two systems make a profit and they say “you should have followed those two.”

It’s all easy in hindsight but for the punter trying to follow the systems it is not helpful. 

Legitimate tipsters would acknowledge the overall results of the systems and not try to hide behind the small number that might have made a profit. 

Red Flag #10: Promoting High-Risk Betting

Finally be cautious of tipsters who promote high-risk betting. 

Dodgy tipsters often push dangerous strategies like high-stakes gambling without considering the consequences for punters.

This could for example be advising very high staking – “Bet $100 on this player” or “Stake $500 on this player”- rather than advising a point (or unit) stake with each bet so the punter can decide for themselves how much to stake based on their own betting bank. 

Scam tipsters also often use complex and flawed staking systems that aim to recover losses.

For example the Martingale system or similar loss-recovery systems that can end up busting the bank. 

We would never recommend these staking systems and nor should any reputable tipster. Or at the very least, they should also show their results to one-point level stakes. 

And any loss-recovery staking should be strictly limited, such as only increasing stakes over a small number of bets (say 5 or 6), then starting again if a winner isn’t found. 

Certainly they shouldn’t be recommending open-ended loss-recovery staking, which is a quick way to lose your shirt. 

Any tipster doing do so is likely to be trying to hide poor results with complex staking.

If the strategy can’t make a profit at level stakes, then it is not worth following and loss-recovery is just a dangerous attempt to hide the flaws in the strategy. 

Good tipsters on the other hand promote sensible staking, responsible gambling and advise their clients to bet within their means.

If a tipster is pushing you to bet with high-risk staking it’s a clear sign they don’t have your best interests at heart.

Conclusion: How to Avoid Sports Tipster Scams in 2024

The world of sports betting is full of opportunity and risk.

While some tipsters are genuine, the rise of sports tipster scams means you need to be more careful than ever.

By knowing the red flags in this article you can protect yourself from gambling scammers and make informed decisions on who to trust with your bets.

Remember the age-old maxim: if it seems too good to be true, it probably is.

Look out for unrealistic win rates, pressure sales tactics and lack of transparency and always check a tipster’s track record before you commit.

The more informed you are the better equipped you’ll be to avoid getting scammed.