by Bohol Chronicle
Illegal swertres in
Bohol could no longer be viable to some operators who feared bankruptcy after a series of hit in the number combinations.
An illegal swertres operator even admitted that his capital had been drained already with no single day without a winning combination in his tally sheet.
On this, he decided to quit from the underground business for good since a month ago yet or wake up bankrupt one day.
The downfall of illegal swertres started showing underground financiers could no longer afford to pay the winning bettors, following a series of target combinations.
This raised suspicions that PCSO must have found a way to spread syndicated combinations to kill the illegal swertres economy.
On the part of PCSO, the electronic system allows monitoring of combinations with most bets and it would be easy to declare a combination as sold out to.
A concerned citizen shared a sad experience when he finally won for the first time but the usher only told him that illegal swertres operation had already stopped and the financier no longer release cash prizes.
This served a lesson for those who preferred to place their bets on illegal swertres than at the lotto outlets because it has been observed in the past that financiers of illegal swertres immediately released the cash prizes upon the announcement of results broadcast by PCSO through a sponsored TV program.
Collecting prizes from Lotto outlets allegedly requires some time and a lengthy process, aside from a certain percentage for the operator's cut.
Moreover, one can place a one-peso bet with illegal swertres, while the minimum bet that lotto outlets accept is P10.
However, illegal swertres operators no longer see the business viable this time for some factors.
First, the ushers and collectors could no longer freely move and have become inconvenient with the aggressive police operations.
Second, lotto outlets are already accessible in almost all corners of Poblacion and commercial areas in the towns and the city.
Third, PCSO has implemented a systemic procedure in releasing the prizes.
Fourth, PCSO has proven to be more credible and stable than the illegal swertres financiers who can get arrested anytime or go into hiding upon every opportunity to get away from obligations.
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Topic: Swertres Financiers in Bohol Could No Longer Afford to Pay Winners (Read 1324 times)