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Horse Racing Scams

As horse racing scams circulate around the world, this page will expose the most recent ones which seem to be having the most impact. If you have been caught by one or wish to have one investigated please let me know via e-mail.

Is ISIS another horse racing scam?

Is this another horse racing scam circulating the country, it is similar to the Axis4 scam a few years ago. Then 4700 people were cheated out of R9000+ each before the sellers disappeared overnight and left the clients in misery. Now another company called ISIS is running a similar package. This is how they operate. Firstly a person is sent a glossy brochure showing them how by following their selections they can make R80,000 per month. This brochure is very lush and has the air about it like a stock market report.

The previous results are shown in an expensive glossy brochure 'proving' their results. However these results cannot be verified, they have never been published before the event and no-one has seen them.

Then the people how have received the brochure start to receive telephone calls in the evening from forceful salespeople who try to get them to buy the package. Only this time the price is R40,000+. But the frightening part about it is that they know your cell number, credit card details, address etc. I have no idea how they get this confidential information about you, but if you are approached by them, contact Carte Blanche ASAP and let them know.

If you want to find out more about these people, have a look on goggle and do a search for the following; cyberhorse forum rosekirk

Last time when Axis4 were operating, I did this, and as soon as Axis4 realized they they were being investigated they jumped ship. Now before Carte Blanche will act, they need to get numerous complaints. So if you know anyone who is thinking about getting involved with this company in Cape Town, then do them a favor and forward them this email.

Now I am not saying that ISIS is a scam, what I am saying is that this operation is being run exactly the same as Axis4 was run, and that was a scam. I leave it up to you to decide.

"Hi John,
I am one of those sad ISIS clients. Not knowing anything
about horse racing and believing a Very good salesman, I paid R40,000 for
the program only to find 2 months later they could only predict 4
winners out of 35 selections.

After finding out more about horse racing, I got hold of your site and
now only realize that there are much cheaper software that can beat the
ISIS software hands-down. How does the saying go, to much to late, I am
out of all my savings and I am now trying to hold on to straws by
betting a R10 here and there hoping that some of the tipsters I find on
the web for free can predict a winner.

I still believe there are tipsters that knows the game and as soon as I
have some winnings I will buy your books and subscribe to your
forecasts.

Many thanks for the newsletter, I certainly enjoy them.

Regards
Andre "

==========================================

Another misrepresentation of the facts is often shown like this:

"Bloem 8 March, XYZ tipster R108 Pick-6 returned R8 234.60!"

Now although the above may be true, what is not stated is that the R108 was NOT the full pick-six which was sent to clients. Tipsters around the world, hide the fact that in hindsight, you could have caught the pick-six for only R108 had you known the result in advance.

However, as most of us are not clairvoyant, how would we have known that we need not take the full pick-six cost thousands of Rands to be able to win this dividend.

Now this is not exactly fraudulent, but it is not an honest representation of the facts either. Unless tipsters is prepared to divulge all his selections and results after the event, then claiming just the winners and never giving the public a chance to see all the losing bets is not giving the full story.

Listed below is an extract from the racing newspaper "The Sporting Post"

Horse Racing Scams Swamp South Africa

General public is unprotected and disillusioned

Different scams have different plans, but this is how a recent one was executed. The general public gets swamped with unsolicited mail promising huge profits from horse racing systems. Expensive glossy brochures arrive on the doorstep, with "guaranteed profits" signaling the start of an elaborate scam. . They purport to represent a huge multinational company with "200 highly skilled personnel" and state that they have developed a "highly sophisticated computer program consisting of over 100 algorithms" and that over 4 billion calculations are done before a selection is made for a race.

It then goes on to say that it is easy to use and that there is after sales service six days a week.

All the tempting scenarios are placed before the poor reader that with this system they could "relax in a resort and soak up the sun, work three hours per week, have the car you want. The boat" etc. in fact everything you could possibly want. All you have to do is buy their horse racing system on disk. If you don't have a computer don't worry you can phone in for the tips at no extra charge.

Once you have been given the chance to read this you will then receive numerous phone calls from their Information Officer who will inform you that there are a limited number of systems available in your area and that you will have to act quickly to ensure your copy. Finally you will be offered a "money back guarantee"

All this sounds fine and an unknown number of punters sent off their R8700 for what turns out to be a worthless disk and the scam are complete.
The disk arrives and you find out that to qualify for a refund - if all goes wrong- you will have to follow the system for one year taking up 3-4 hours per week. After which you would be refunded, not the cost of the program, but the R1000 stake with which you were supposed to make R20000 per month.

The only trouble now is that the bird has flown, there is no backup, and the results of the proven system were fictitious. The whole system was based on 20/20 hindsight. But that does not matter they have got your money.

Oh yes and the "200 highly skilled personnel" turned out to be a handful of telesales students who know nothing about horse racing, just how to sell over the phone.

But what about the selections and results? As there were several thousand punters around the country all backing the same three horses with their R50 bets the selection became the favorite automatically due to the weight of the money. (With over R50000 bet on each selection per 1000 users).

The problem here though was that the selections were usually rank outsiders, which even if they were lucky enough to win would only pay a meager dividend. Others, who were betting in the same race often could not understand why such bizarre horses were favorite, well now you know.

What happened next is that the company declares itself bankrupt, gone are the guarantees, the after sales service and they start all over again with the same formula under a different name. Classified ads, glossy brochures and telesales... we've seen it all before so just be aware and keep your money in your pocket.

So what can punters learn from this? Sadly most of the victims of this fraud were not involved in racing to start with. They were lured into the game with false promises of easy money. The perpetrators did not advertise in the racing press, as generally punters know that there is no free lunch.

Now these victims are left disillusioned with horse racing and most will leave the game never to return. Others have lost their savings and some cling to slim hopes that somehow they will get their money back. They won't, the scam is closed and the originators are probably back in Australia where they previously operated a similar fraud.

If you have an Internet connection go to the forum page on www.profit.co.za where scams like the one above are exposed. Others are trying to recoup their investment and joining forces might help.

For the ones who are still around lets hope that they do not abandon what is one of the most interesting and exciting sports around. A sport where one can genuinely pit your wits against the bookies opinion and come out on top if you have done your homework.

AUSTRALIA

In Australia they also have similar horse racing scam problems, for more information visit click here