03-07-2025
The ‘Arbitrage Consultants' Promising Risk-Free Sports Betting
Stay-at-home mom Jaylin Palacio traveled to Arizona last year with a plan to sit in a hotel room and place thousands of dollars of bets on teams she knew nothing about.
The 54-year-old had stumbled into a corner of sports wagering known as 'matched betting' via a recommendation in a Facebook mom group. She said she had been guaranteed a healthy return from an online service run by experts who call themselves 'arbitrage consultants' and use mathematical strategy and heavily advertised first-time bettors' sign-up bonuses to deliver windfalls.
