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 https://1-xbet-nigeria.com/app/ to spot these opportunities efficiently. However, bookmakers often discourage arbitrage bettors, so it's important to be cautious.