Gambling systems
Gambling systems are often promoted as business opportunities to reap money from horse racing, lottery syndicates or share investment systems.
- These are high-risk schemes and are not worth wasting your money on.
- Resist the high-pressure sales tactics and slick presentations.
- Do not be enticed by reported past performances because these “results” are easily manipulated. It is very easy to claim that you predicted that a particular horse won a race after the race has finished.
- Ask yourself how a computer can make an accurate prediction on a horse race based on weather conditions, the state of the horse, the jockey, the track, the draw and luck? How can a computer predict what numbers will be drawn in a game of chance like Lotto?
- Avoid “get rich quick” schemes. Higher returns mean higher risks. If it sounds too good to be true, then it probably is.
- If you do receive offers to buy into gambling schemes, send the material to WA ScamNet so we can warn others.
Page last updated on: -
Tuesday, 8 November 2005