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Well, that is basically it. We’re at the end. You know everything a beginner could possibly need to know. From here you will need to start solving all of your problems yourself – there is no one right way to maintain a successful long term arbitrage career. In fact, it is most likely that a large variety of methodologies is absolutely necessary for arbitrage to be as profitable as it is. So experiment, branch out, make mistakes and learn from them – hopefully earn from them too.
No matter what you do, bookmakers will limit you. Some bookmakers limit after just a couple of bets, some take weeks, others take months, sometimes it may take years and then you will find your account limited to a few dollars per bet. You can speed the process up by placing bets on palps, but even if you avoid that perfectly, you will inevitably be limited – except at the few good value books which never seem to limit anyone.
So when it comes to the idea of bookmakers limiting you out of arbing existence, this is your first reprieve – there are some good quality books (and all of the betting exchanges) which will never limit you. The books and exchanges can provide a permanent backbone around which all of your arbing can be based.
From this backbone you can slowly work your way through the several hundred non-scam bookmakers available online. This is your second reprieve from the creeping doom of bookmaker limitation – the sheer number of bookmakers available, and the constant flux of the internet gambling world. Old bookmakers sometimes die, and new ones will always come. Bookmakers will change hands, and limitations may be lifted.
And of course, there is one other method of ensuring longevity in your arbing career.
Referral of friends and family to your favourite bookmakers is the best compliment you can make to a bookmaker.
Without a doubt, the word of mouth referral is the most important method of advertising that any bookmaker has. Many books even offer ‘Refer a Friend’ bonus money as a sign of their appreciation for your friend referral efforts. So feel free to refer as many of your friends and family members as may be interested in betting to all of your favourite bookmakers. However, be aware that many bookmakers have a rule of one account per household and/or IP address – their terms of service should help you out if in doubt.
While referring friends and family is fine, it is actually illegal to ask that friend to create a bank account, credit card, Skrill and/or Neteller account for you to then use to set up a number of new bookmaker accounts for your arbing career. Even if that friend or family member agrees completely to let you do so. So creating a series of accounts at your favourite high bonus and high value arb producing bookmaker using a series of different details from friends and family is not at all acceptable under any bookmaker rules, or even under most international laws dealing with money laundering and fraud.
I should clarify that I am not certain about the legalities of doing this, and no doubt those legalities vary from country to country. Look this one up yourself if you are unsure – Don't assume I know what I am talking about on this matter because I probably don't!
However 'referring' those friends and family members so that they themselves can place their own bets – that is just good business for the bookmakers.
I don’t think I have anything else to say at this point, we've tried to make the guide as both as detailed and concise as possible and to point out that over time it will keep growing, so perhaps as one parting piece of advice would be to suggest that you go back through the articles of most relevance and importance to you and and bookmark them.
Remember the wealth of information that's available here and know that as we come across or consider new information, we update these articles accordingly.
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So, this is it. We've reached the end of the guide...
So, good luck, and I sincerely wish you a successful and highly profitable arbitrage career for many years to come!