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Sports betting arbitrage is a strategy that allows bettors to profit by taking advantage of differing odds offered by various bookmakers. By placing simultaneous bets on all possible outcomes of a sporting event, bettors can guarantee a profit regardless of the result. This method requires careful analysis and quick decision-making, as odds can change rapidly. While it can be a low-risk way to earn money, it often involves significant capital and may attract scrutiny from bookmakers, who may limit or close accounts of those who consistently engage in arbitrage betting.
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