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![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/Horse.jpg?itok=l-BCo-2F)
Punters are being warned to watch out for betting and sports investment scams which falsely promise high odds and big returns on Cup Day.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/type-of-scam-images/investment_0.png?itok=rwbsxsDV)
The ACCC is warning the community to watch out for investment scammers who promise the world but leave their victims with broken dreams and empty bank accounts.