Arbitrage Betting

I've been looking into this concept and this appears to be an awesome completely risk-free guaranteed way to turn a profit on an investment. I was wondering if anybody had ventured into this area of money making and what the outcome was. Also wondering if anybody could point me in the right direction in terms of starting out this way so things such as software to automatically calculate amounts or place bets for me, or I would be willing to do it manually if there was a spreadsheet or something that somebody could explain to me perhaps? Basically just looking for help in finding resources for further research or tools (software) that helps with arbitrage betting calculations or tasks... Thanks guys I appreciate the help.

I am going to save you a whole lot of time, heartache and money... Listen to me or dont,
its a waste of time, you will make small amounts of money to begin with, then will lose a massive amount!

You are 10 years too late, there are people making money with this, they have a large bank 20G+ and have been at this for a long time.

If you have that kind of money and someone experienced to hold your hand then go for it!

Jesus christ ,we will have people peddling the Martingale system as the greatest betting system and how they make 10G month with it.

it's all there on google
before you get too excited though, it's not as good as it sounds. Bookmakers can decrease your maximum bet, the odds can change very quickly and you could end up with loss, you'll also miss most of them, and services that provide good arbitrages cost money.

Hi, you need to read this thead http://www.blackhatworld.com/blackhat-seo/making-money/122848-fancy-some-free-cash-your-pocket-tonight-2.html#post1145430

on which I have posted extensively. Im on the same boat as cunch, I suspect if he reads it to he'll agree with the major flaws ive highlighted.

And yes I have done it before. Its genuinely not possible now.