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… have lost over one million dollars to con artists pushing sports investment scams in 2016 to date. Betting and sports investment scams convince victims to invest in ‘foolproof’ systems or software that can 'guarantee' a profit on sporting events. These scams are often promoted as a legitimate investment. Scamwatch … How these scams work … You can report scams to the ACCC via the Scamwatch Report a scam page. …