I have just started to do arbitrage betting with a spaer £100 that i had in my account. I have done 2 so far which has more than doubled my initial £100.
I have one concern however. Both of the arbs I have done seem to be with bookmakers that have priced an event incorrectly. If I have placed a bet on such an event at the mistaken odds, can a bookmaker cancel my bet? I know each bookie is different and most T&C's state they can, but does cancelling bets happen very often? Has anyone ever had it happen to them?
Arbitrage betting looks like a brilliant way of making money, but there is a chance that i can lose everything if a bookie cancels one of my bets.
Thanks in advance.