There are basically two kinds of different scams going on in this whole "online betting system" scene. The first type is where some amateur has tried to develop a betting system that he actually believes that might help you to start winning money on sport betting. The problem here is that the creator of the system is a complete amateur and doesn't have enough information on sports or on betting so that he could ever develop a system that works. So I guess you could call these to be sort of half-scams, since there at least was some sort of an effort that was put in.
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A poorly managed monetary investment accounts for the failure of most online gamblers. Aside from not controlling their bets, people almost always fail in keeping track of their money. As a result, more cash are lost during bets.
When you are betting online don't go on betting with big amounts. At the time of beginning the bet look for low betting table. If you bet low then you will have plenty of chances to bet. But if you go for big ones then you will have very few chances.
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However, identifying an effective betting strategy is not that easy. If you are novice in this field of betting, it will be a huge help if you invest on a sports betting system to help widen your knowledge. A good betting system should be able to give you helpful tips and lead you on the right track. This way, you will be able to know how to identify a winning bet.
By using the free bets from the online sites along with a arbitrage betting system you can quickly build up a large amount of cash. With each win your "pot" will grow larger and eventually one or two bets a week will make you a very comfortable living (perhaps even more).