The Offshore Wire Forum > Public Forums > Offshore Sportbooks > how do you spot a scam type book |
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Dante
Registered Member

      
Date Joined Apr 2005
Total Posts : 22
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Posted 4/19/2005 9:30 AM (GMT -4) |
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Big crazy Bonuses Right off the bat when they are brand new is one for sure.... |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 196
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Posted 4/19/2005 10:36 AM (GMT -4) |
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Excessive bonuses may indeed represent a "red flag", but they are not necessarily the reason for a book to be a scam. I would says excessive UNLIMITED bonuses definitely represent a very strong warning sign. |
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Fred Norris
Registered Member
       
Date Joined Apr 2005
Total Posts : 1
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Posted 4/19/2005 3:30 PM (GMT -4) |
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Here is a simple answer to a simple problem.
tread with caution. books promoted by watchdog sites are sometimes just as risky.
(hi dante! see ya in vegas!) 
edited: Fred, please keep the bashing off this board. I edited the post, please feel free to make you point without the negativity. Thanks.
Post Edited By Moderator (drunkguy) : 4/19/2005 2:53:02 PM (GMT-4)
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 196
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Posted 4/24/2005 12:48 PM (GMT -4) |
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drunkguy
Forum Moderator

      
Date Joined Mar 2005
Total Posts : 181
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Posted 4/24/2005 4:51 PM (GMT -4) |
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Obviously offering larger than normal bonuses is a good way to get money in quick, usually indicating that a book may be in financial trouble
I think you really have to look at the book's promotions and marketing as a whole, and ask "Is this operation profitable or are they doing this out of desperation?"
Some red flags for me:
Excessive bonus to existing customers (less worrisome if only directed to new customers)
Excessive contests and promotions to forum readers, especially frequent free contests (example is Gamblers Ave. right as they were going down, Fred was on the RX giving away free money almost every day)
Putting out extremely opinionated lines on high-profile (and highly bet) events. (see Aces Gold)
Overly generous perks that sharp players can take advantage of (see Aces Gold allowing a 10c buy off the 3 in NFL) |
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