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North Carolina residents cashing in on ACC Men's Tournament

North Carolina sports betting is off to a booming start. According to data by Geocomply, it tracked almost 370,000 new accounts over the first 48 hours.

GREENSBORO, N.C. — Sports betting is taking off in North Carolina and people in the Triad are reaping the benefits after some of the matchups in the ACC tournament. 

You have Tar Heel fans, like Bruce Church from Eden, rooting against Duke and putting in money.

"I am a Carolina fan so of course I go against Duke," said Church. "I put 50 bucks and the bet was for 200, but it got tight toward the end so I cashed out around 160, so I profited still."

Even Wolfpack fans, like Ryan McDougal from Greensboro, said it was a gamble hoping his team would win but he ended up coming out with a little more than 300 dollars. 

"I am a die-hard NC State fan and I was like okay might as well put 50 dollars down just because I had an insurance bet and everything, so I got my money back even if State lost, but just took a chance with my team and it happened to hit," said McDougal.

Both McDougal and Church said it's made the ACC tournament more fun. 

"Any time Duke loses I am happy," said Church. 

The promotions that have come with are making it so they can bet on other games too. 

"It's like maybe five or six promotions a day so far, this first week, it's been really enticing to play," said McDougal.

"I've not placed personally any of my money, I have used all of their bets and so just kind of keep it up and not have to go into my savings," said Church. 

 Online North Carolina sports betting got off to a booming start.

According to data released Wednesday by Geocomply, It tracked almost 370,000 accounts over the first 48 hours of sports betting.

BetCarolina.com keeps track of the analytics. Writer and Analyst Steve Bittenbender said it's only expected to increase from here. 

"We've seen a lot of action here but I think we're gonna see a lot of action when the big tournament, March Madness, kicks off," Bittenbender said. "Obviously that is one the more popular events in the US in terms of sporting events, and with North Carolina being one of the college basketball hotbeds, I can imagine that it will drive tremendous numbers in the state."

Sports betters said they are excited to experience betting for the NCAA tournament, but said it's important to play smart once the promotions go away. 

One thing to note though is don't rush to place your bets and be aware of sports wagering scams.

Lechelle Yates with the Better Business Bureau said scammers are quick to get your money.

"You go ahead and place a bet, and everything seems fine, but then when you go and try to withdraw your winnings, you can't get a cent and the scammers," said Lechelle Yates. "They offer all kinds of excuses. In the end you're not going to get any money and the other danger is that any personal information that you've given is in the hands of a scammer."

Yates said those excuses could be that you need more verification, to deposit more money, or that there are technical issues. 

She said there are ways to avoid these scams.

There are "white-listed" sports books approved by North Carolina's Gaming Commission. You can find that list here. 

In the United States, ESPN also has a list of where sports betting is legal. 

Ignore gambling-related pop-up ads, email spam, or text messages. 

Read the fine print on incentives. 

Yates said even legitimate sports betting sites have the right to freeze your winnings and can restrict users' activity for "seeming to have an 'unfair advantage' or 'irregular playing patterns.

If you come across a sports betting scam, report it to the BBB Scam Tracker here

The sooner you report it, the sooner you can help others avoid falling victim to a scammer. 

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