Racing tipster scams happen when a victim is offered racing advice and guaranteed tips for a small fee.
The fraudsters promise that the victims will make a small fortune.
The racing tips and advice are often offered via a professional-looking leaflet or letter.
In reality, few of the tips exist or come in as winners, the so-called expert tipster is not real and any money back guarantees are not honoured.
If fraud has been committed, report it to Action Fraud.
See also:
Betting scams
Gambling fraud
Lottery scams