ELI5: Explain Like I'm 5

Arbitrage betting

Arbitrage betting is when you place bets on different things that have different odds of happening in order to make sure that you will make money regardless of what happens. To do arbitrage betting, you need to find two events with different odds, like a football team playing a basketball team, and place a bet on both teams so that no matter which way the game goes, you will win the same amount of money. By doing this, you are taking advantage of the different odds set by the betting websites and making a sure-fire profit.
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