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I make $3,000 a month by sports betting 2 hours a day — my arbitrage strategy has minimized risk
- James Crosby earns around $3,000 a month by spending about 1-2 hours a day on arbitrage betting, with a total profit of $8,500 in 3 months.
- Crosby strategically places bets across multiple platforms to guarantee a profit, using services like OddsJam to find the best bets.
- His bets typically have a profit margin of 3-4% per wager, with returns ranging from $3 to $4 for every $100 bet.
- Although legal in some states, sportsbook sites dislike arbitrage betting and may restrict accounts upon detection.
- Crosby learned about arbitrage betting from his roommate, who has been successful in the field, earning $30,000 to $40,000 annually.
- He plans to use his earnings for a down payment on a house, a wedding ring, a new car, or as a financial safety net.
- Crosby emphasizes the importance of budgeting for taxes, setting aside around 20% of his earnings for tax payments.
- He remains optimistic about the sustainability of his side hustle and aims to continue investing his profits wisely.
- Arbitrage betting provides both value and challenges to sportsbook sites, helping them optimize odds while allowing bettors to profit.
- Crosby believes anyone can be profitable with arbitrage betting, emphasizing the need for initial capital and time investment for higher returns.
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