By Terry Cox
We are weeks away from the start of regular season football. This is the time of year when football fans are enticed to purchase "investment advice."
In the next two months, the inundation of ads from tout services will be like a Slide Mountain mudslide. You will need a pair of hip waders to slog through all of the bull stuff.
A tout service is a business that sells advice on sports wagering. These businesses have proliferated nationwide and are totally unregulated, whereas legal sports wagering exists only in a couple of states and is fiercely regulated.
Ever since people were discovered to be gullible, there has been "caveat emptor." That is, let the buyer beware. From the frontier days of snake-oil hucksters to the computerized trading of Wall Street wealth-management corporations, there are products that often come with a pitch that sounds too good to be true.
I just "googled" sports handicapping. Among the myriad tout services that came up, I picked a website to visit totally at random. On this website, I read that this operator "specializes in BIG information direct from wise guys in Vegas."