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Arbitrage betting is a comparatively risk-free betting system in which every outcome of an event is bet upon. The known profit will be made by the bettor only upon completion of the event, regardless of the outcome. Arbitrage betting is a combination of the ancient art of arbitrage trading and gambling. Arbitrage is a financial transaction that makes profit immediately without involvement of any risk. Arbitrage betting is possible when large numbers of bookmakers are in the marketplace, creating occasional opportunities for arbitrage.