Update: March 2019, they are now rebranded as Camden Sportsbook and using Montecarlobookmakers
triplesevenbrokers.co.uk and their bookmaker, sportsbet365.co
This is another resurrection of a scam that has been going on and off for several years.
They cold call, telling you they are expert sports analysts and can make you vast sums of money with NO risk through sports betting.
They will tell you that they have just started expanding into Australia and have an 80% success rate.
What they don’t tell when pressed is what their average dividend is. They go on and on about their strike rate over 17 years so are supposedly basing that on stats, yet they have no clue what their average dividend is. They’ll say something like, ‘it depends’, or ‘it’s between 1,20 and 5.00’. Just shows they have no clue about betting and yet they are meant to be experts.
Triple Seven Brokers claim they have been operating for 17 years and are regulated by the Financial Conduct Authority in the UK.
You won’t find them in a search of the Financial Registers .
Their website was only established in July, and the owner gives his address as Slovakia.
They say they have thousands of clients in Australia already ( even after just three months of operation??) Hard to believe, especially given the lack of chatter anywhere on the internet about them.
As for their betting, they say there is no risk yet they might bet 80% of your bank on one selection. What if it loses you ask, what then ? They say, ‘There’s no risk, you won’t lose’. Even though by their own admission they lose 20% of their bets, apparently they never lose ???
Ok, so say you believe them and want to go ahead.
You have to open an account with their bookmaker, not your own.
Fair chance they also own the bookmaker’s site.
Because if they are placing so many winning bets with any legit bookmaker they would be banned because they’d be sending the bookmaker broke ( especially as they even get discounted odds with the bookmaker!).
The bookmaker site was registered last year and updated in July.
Here’s the likey scenario if you sign up, even with a small amount:
Everything will go well at first and you’ll have many winning bets. Who can tell when or whether they were placed. You seek a withdrawal and will be asked to pay the 20% commission. Then you still won’t see your money, or if they do let you make an initial withdrawal, you will be enticed to deposit more next time and let them build your account to some astronomical sum like $50,000. You’ll be asked to pay $10,000 to get the rest of it out, which won’t happen even after you pay up.