Reverse betting platforms always promise up to 96% win probability on every bet placed, and most platforms offers generous cashbacks and referral programs that seems way too good to be true.

Here is how reverse betting works – a punter might be asked to bet against the final score of a game between Arsenal and Wolves to end in a 2-1 win for Arsenal. The punter wins if the game ends at any score other than the 2-1 win for Arsenal. Even if Arsenal wins 1-0 or 3-1, the punter still wins, they only loose if the game ends 2-1 Arsenal win, thereby giving the punter more than a 96% win probability.

Unlike traditional betting, the betting website usually offers three-way betting of win, lose, or draw. Reverse betting gives the punter a very high probability of winning.

If all these sound way too good to be true, that is because it is way too good to be true. Reverse betting is not sustainable for the betting company to make a profit, 96% win probability by punters usually overwhelms and brakes the betting company within a short time that they wont be able to pay other winners.

This has already happened in Nigeria. Reverse betting platforms like 86fb football crashed after a few months with lots of customers’ money in it. Others like N9 football is barely holding on after a few weeks.

Reverse betting websites might appear to pay customers for a while, but they will eventually crash and late comers will loose their money in it, the whole thing is a Ponzi scheme that is not sustainable in the long run.

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