I read about arbitrage betting as a way to guarantee profit. How does it work in practice, and are there risks or limitations to using this strategy effectively?

Arbitrage betting is a strategy where you place bets on all possible outcomes of an event with different bookmakers to guarantee a profit, no matter the result. It relies on finding discrepancies in odds across platforms. While it sounds like a sure win, it requires careful calculation and quick action. Many use tools and apps like to spot these opportunities efficiently. However, bookmakers often discourage arbitrage bettors, so it's important to be cautious.