Despite his “foolproof” sports-betting scheme haemorrhaging money, Michael Pryde recklessly invited his friends and family to gamble their money.
In the end, he lost over $1 million of their money in the failed scheme as he tried to beat the odds and recoup his losses.
Pryde ran the Simply The Bets scheme with a promise that his self-made algorithm would bring about big wins for participants betting on golf, horse racing, basketball and baseball.
“A foolproof sports betting system designed to make you big long-term profits… guaranteed,” his profile on X, previously known as Twitter, still reads.
But the profits were never guaranteed and the 32-year-old was later declared…
