{"id":25177,"date":"2020-11-09T12:23:12","date_gmt":"2020-11-09T18:23:12","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=25177"},"modified":"2020-11-09T12:25:04","modified_gmt":"2020-11-09T18:25:04","slug":"the-jam-scam-explained","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/the-jam-scam-explained\/","title":{"rendered":"R. Paul Wilson On: The Jam Scam \u2013 How Not To Get Conned At A Market"},"content":{"rendered":"\n

The jam auction is a veritable old-school scam that has stood the test of time and can be found in almost any major city, tourist trap or county fair. <\/p>\n\n\n\n

It is a way to manipulate large crowds into falling for a sudden bait and switch that leaves almost everyone disappointed.<\/p>\n\n\n\n

But not all jam auctions are created equal. <\/p>\n\n\n\n

Some – perhaps many – leave buyers wanting more, despite using the same psychological techniques employed by outright scammers. And, as I learned on an early episode of The Real Hustle<\/a><\/em>, some Jam Auctions are not even a scam!<\/p>\n\n\n\n

The Bouncer<\/h2>\n\n\n\n

\u201cThe Bouncer\u201d was a nickname coined in the book Rich\nUncle From Fiji<\/em>, which described a novel twist on the jam auction where the\ncrowd was played from the back of wagon, hooked up to a full complement of\nhorses.<\/p>\n\n\n\n

\"Rich
Image: Amazon<\/em><\/figcaption><\/figure>\n\n\n\n

The items sold in this auction were a variety of\ncommon and fancy goods, all secured at very low price (or stolen for the\nultimate discount). <\/p>\n\n\n\n

These items were sold in a series of auction\n\u201crounds\u201d where buyers would be passed their purchases along with a bag to\nencourage them to buy more but what fascinated me was the ingenious \u201chook\u201d that\nkept people buying until the final sting.<\/p>\n\n\n\n

I first read this scam as a kid and was excited\nwhen we decided to test it on The Real Hustle <\/em>but despite having\ndescribed this scam for years in my public shows and speeches, it turned out\nthat I had no idea how the con game was going to end.<\/p>\n\n\n\n

Who\u2019s Happy?<\/h2>\n\n\n\n

Here\u2019s how it plays out. <\/p>\n\n\n\n

\n
\n\n\n<\/span>