Betting advice is almost a forbidden phrase in the Czech Republic due to fraudsters. Find out how to avoid internet thieves and how to recognize reputable services.
Betting advice
Do you know who is behind betting consultancy and whom you are entrusting your money to? (Source: pixabay.com)
These days, it is impossible to browse the internet and social media without coming across betting consultancy. This is especially true for those of us who engage in sports betting and use the internet as a source of inspiration. However, there are vast differences in quality among these consultancies, and 99% of them are scams. The main warning sign of a scam is the lack of verification by an independent third party.
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What is betting consultancy?
It is a service where a seller offers betting tips, usually through a subscription, and a buyer—the customer—is willing to pay for them. Ideally, this could serve as an alternative investment method, where you take inspiration from (or copy) investment recommendations from specialists, leading to long-term capital growth. However, in reality, things are more complicated. Many so-called specialists are actually anonymous fraudsters who falsify their betting history (past bets and statistics). Lately, such self-proclaimed experts have flooded social media, luring new clients with expensive ads featuring bags of money, beautiful women, and luxury sports cars. If you come across something like this and value your money, avoid such consultancies at all costs.
It can be done without scams
To be fair, we shouldn’t lump all betting consultancies together. This investment model—where verified bettors charge clients for their tips, which they then bet on—is not uncommon worldwide. The key, however, is that the bettor or betting service is verified. Fortunately, some operate transparently. What does this mean? They verify all their tips through an independent platform, ensuring authenticity. The leading verification platform in the Czech Republic is SportBreak.cz, while a major global player in bet verification is Blogabet.com.
Who is betting consultancy for?
In broad terms, it can be for anyone. However, the less experience you have with sports betting, the higher the risk of choosing the wrong consultancy and getting scammed. This significantly narrows the pool of potential clients. We see the ideal customer as an experienced bettor who understands the concept of value betting, acknowledges the importance of long-term strategy, and is immune to short-term variance fluctuations—essentially, a conscious investor. Unfortunately, the people most vulnerable to scams are naive individuals who see betting consultancy as a get-rich-quick opportunity but know little about sports betting itself. These people are easy targets for misleading promotions from fraudulent services.
How can betting consultancy help?
Betting consultancy services can help bettors better understand proper bankroll management principles. Quality consultants carefully analyze individual matches using all available statistics. With verified tips, you can save a lot of time that would otherwise be spent on in-depth analysis. More experienced bettors use betting consultancy as a supplement to their own strategies, seeking new perspectives on various betting opportunities. However, the most crucial factor is choosing the right and trustworthy consultancy, where you can verify published results. Also, keep in mind that reputable betting consultancies aim to assist their clients long-term and generally do not offer tips with excessively high odds.
Advantages and disadvantages of betting consultancy
Advantages
- Time-saving – you only need to place the provided bets.
- No need for in-depth knowledge – if you trust your consultancy, you don’t need a deep understanding of the teams/players you are betting on.
- Diversification – you can subscribe to multiple consultancies to spread your risk.
- Better odds – if you have accounts with multiple bookmakers, you may place your bet at a higher odds.
- Source of inspiration – do you prefer betting on your own but value the opinion of a quality (provided you choose a good one) betting expert? Use consultancy as inspiration for your own bets.
Disadvantages
- The vast majority of consultancies are scams – if you’re not well-versed in sports betting, you can easily fall into the hands of fraudsters.
- No guaranteed profits – just like any other investment, returns are never guaranteed.
- Challenging bankroll management – you need to pay for the subscription and have funds to place bets.
- Odds drop quickly – if you’re paying for tips from a top-tier bettor, expect rapid odds drops. If you don’t understand odds value and bet regardless of the odds, you could end up in the red even if the service you’re following is profitable.
Frequently asked questions
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