Login to Singapore
Login to Malaysia
HOTLINE: 
Sports betting is a common source of entertainment and profit among Malaysian sports enthusiasts and gamblers. The added excitement of placing wagers on the top sports teams and players, predicting outcomes, and potential winnings have contributed to its increasing popularity.
Yet, given this widespread industry, there is no shortage of betting fraudsters trying to deceive gamblers. Hence, becoming aware of betting scams is vital if you want to be a professional and responsible bettor.
The following are some common scams you should watch out for when online sports betting in Malaysia:
Scamdicappers
Scamdicappers refer to individuals or groups who claim to be legitimate sports handicappers selling fake handicapping services to players to increase their winning chances. Many of these scammers promote their services on social media, promising users a guaranteed win supported by inside information and urging them to pay a registration fee.
Withdrawal Delays
Another common scam you might encounter when sports betting in Malaysia is withdrawal delays. Many sportsbooks will make excuses for delays in withdrawal as they intend to make you lose the money you have already earned. When you try to figure out what happened, you may discover that you cannot contact the scammers and that your money is gone.
Sports Investment Scams
Sports investment swindlers look for players to capitalise in a fund that makes income from sports betting. The typical pitch for these investments is that their fund provides another way for investors to diversify their investment portfolio. Unfortunately, these funds are misleading, and those who fall victim to them lose their money instead of profiting.
Fake Betting Prediction Software
Fabricated software systems are frequently marketed as a way for you to pick sports betting wagers correctly. In this sports betting scam, the person selling the software will promise that you will more than recoup your investment due to its claimed reliability in predicting the outcomes of sports matches.
Betting Syndicates
This involves fraudsters who will lure you into joining their professional betting syndicate. These individuals conspire to fix betting outcomes and illegally obtain money from people. As such, join a betting syndicate with caution. You should fully understand how your money will be used and get advice from other members before staking your money.
How to Avoid Getting Scammed
Gamblers who want to ensure they do not fall victim to online gambling frauds can take preventative measures to mitigate such risks. Here are some tips you can use to avoid getting scammed:
- Choose Reputable Websites – A reputable website should be licensed by well-known regulatory authorities, provide heightened security measures, and offer common withdrawal and depositing methods.
- Block Tempting Ads – Steer clear of clicking sports-betting ads on social media, email spam, and text messages.
Review Terms and Conditions – Double-check the terms and conditions of a betting website before placing your bets. While you can get excited about the bonuses or incentives, these can be deceptive.
Avoid Falling for Sports Betting Scams!
While you may want to cut corners to increase profits, doing so frequently results in being scammed. Instead, concentrate on researching and devising strategies to develop into a successful bettor. It is crucial to watch out for such scams to protect yourself from serious financial losses and becoming a victim.
If you are ready to bet on your favourite sports, CM2Bet is a trusted online casino in Singapore and Malaysia, offering a vast catalogue of sports betting markets. We also have various casino games like poker, roulette, and baccarat that you can play using your personal devices. Register here and start placing your wagers today!
