Both bonus hunting and arbitrage betting are not strategies that we can do constantly and rely upon to make a profit for us forever. Eventually we are going to have played at all sportsbook and used up all the available bonuses. In my experiences bonuses are a great way to start out at a new website, it gives us a decent profit and helps to build up our initial bankroll. But we can't be switching around all the time between new sportsbooks in an effort to find new bonuses. There is also a risk to that strategy when playing at new websites with very good bonuses, it could be a scam and we lose all our money. Arbitrage opportunities on the other side usually last only a short period of time and we can’t find them every day. There are many other people looking for arbitrage opportunities as well, which will lead to a large number of bets on the game and the bookie will adjust his odds quickly. Arbitrage is a nice additional income we can do on the side, but I don’t think we can only rely on a strategy that focuses on arbitrage betting.