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Budgeting What if unexpected events throw your finances into disarray? |
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 | Have you ever received flyers or glossy brochures for computer gambling systems? Although the advertising frequently parades the system as an ‘exciting investment opportunity’, in reality these systems are just gambling on horse races, even if the word ‘gambling’ does not appear in the advertising materials. The language of investment and finance is used to make the system seem more professional and scientific and therefore low-risk. However, ‘gambling’ with your savings is usually regarded as a recipe for financial disaster, not financial success.  See the tell tales signs of an offer too good to be true in this FIDO reader's story. |
website advises that ‘schemes of this nature should be viewed for what they are - high-risk schemes. If you cannot afford to lose the money, definitely do not buy’. Visit the ACCC website for a brochure on computerised gambling systems. The Office of Fair Trading in your state or territory may also have information about these systems. If you hear about or are targeted by one of these scams, contact your state or territory Office of Fair Trading. More about sports arbitrage
