Arbitrage betting is forbiden on casinos, they consider it as an abuse, and I don’t know how but they will know if you are doing it with multiple casinos, so, users must be careful about this linda of practices because just as op mention they will close your account and keep your money of you they it.
If a gambler is using arbitrage on different casinos how are they all traced and connected? Are the casinos working together to fetch out those doing it ? I think it is traceable through KYC verifications, this is how they are identify w particular user that uses different platforms to try and cheat the system. I haven't tried this betting system before and i don't really know if it's something that actually works.
oh my god. there is no question here how they do it... the question of the legality of stealing winnings by referring to arbitration...
I completely exclude the exchange of data between casinos on customer bets. Moreover, any business will not tell you on a silver platter about what activity it has. I will tell you more, an arbitrage bet (or a bet on an overvalued value) should not have a downside at all! Most likely, this happens like this: there are certain bookmakers - idols, which are considered market-forming. They have huge turnovers and they can turn over any small casino (I mean that the odds line will be stronger and the small casino is forced to adapt to the strong one) for the very reason that I described above - small casinos do not have their own opinion! So let's imagine that we took 5 idol bookmakers and every second scan their displayed odds for each market. every second we will form a chain of 5 numbers 1.51 1.52 1.51 1.50 1.53 and, accordingly, the coefficient inverse to them. A graph is built based on the highest value from time and then this graph is superimposed on the graph of your coefficients on the inverse coefficient. Then it is a matter of chance, what a particular bookmaker considers arbitrage, it will be superimposing a graph on plus several percent or it will be approaching the graph to minus several fractions of a percent. This is elementary mathematics, the point is not even whether the bookmaker exchanges the graph of the movement of its coefficients or the bookmaker steals someone else's line.
No need to discuss the detection method. All you need to know about it is that bookmakers do it very quickly and very well. However, they continue to offer you such coefficients for bets! Why?