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Stock options accounting software
Betting and sports investment scams try to convince you to invest in foolproof systems and software that can 'guarantee' a profit on sporting events. These scams are simply a form of gambling camouflaged as legitimate investments.
In many cases the supplier simply disappears. Team sports betting programs claim to identify opportunities based on historical trends and the different odds offered by various bookmakers. Horse racing software will often claim that predictions are based on weather conditions, the state of the horse, the draw, or the condition of the jockey. Often the information used in these programs can be obtained from the betting pages of your local newspaper at very little cost. You will be required to make ongoing deposits to maintain the balance of the account.
These schemes are usually promoted as business opportunities or investments at trade fairs, shows or via the internet. Promotional material often takes the form of glossy and sophisticated brochures or websites that contain graphs or diagrams promising large returns for little or no effort.
We encourage you to report scams to the ACCC via the report a scam page. This helps us to warn people about current scams, monitor trends and disrupt scams where possible.
Please include details of the scam contact you received, for example, email or screenshot. We also provide guidance on protecting yourself from scams and where to get help. Investment schemes Investment schemes involve getting you or your business to part with money on the promise of a questionable financial opportunity.
Skip to Content Skip to Sitemap. Enter a search term. Home Types of scams Investment scams Listen. Common examples of sports investment scams Warning signs Protect yourself Have you been scammed? More information Related news From the web. Don't place bets with a scammer this spring racing season. Queensland authorities seek to speak with victims of investment fraud scheme.
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