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Let’s say the player bets $195: When do arbitrage opportunities occur? Legality of arbitrage betting. Bookmakers often react ambiguously. Some actually welcome arbing as it helps them sharpen their odds and enhance their modeling. But the majority see arbers as unwanted customers and enact penalties against them, which include: Arbitrage detection is handled by the security departments of betting companies. Using special algorithms, employees calculate players falling under the arber category according to the following parameters: All in all, if companies want to ward off arbers, detecting multiple accounts and keeping an eye out for red flags are essential steps to take. What does ARB mean in betting? What is an example of arbitrage gambling? Arbitrage Definition in Sports Betting. Arbitrage Examples. You can bet $105 on the Cardinals to win $100, and guarantee either a break-even or $5 profit. …