I appreciate the analytical understanding of gambling you already have and especially in sports betting but to me this is all less complicated because sometimes gamblers don't always care about profit but just come for the fun of it.
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To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.
from this statement it seems similar to looking for consistent income or profit at gambling, right? If true, to me this would violate the natural law of gambling that profiting from casinos is always risky.
as you said bonus hunting has the risk of losing all funds to reach the wagering requirements and for arbitrage betting has the risk of account being banned from any sportbook as was the case with some people in the past.