I'm a neewbie to arbitrage but not to betting and trading, and since i start reading more about arbitrage i came with this idea/challenge and want your opinion if possible and what the pros and cons.
The challenge is to start with a bank of 100€ and place arbs with a +/- 5% profit, always reinvest the earnings and placing a arb per day to achieve a bank of 10.000€ within 5 moths (150 days)
The process: place 100€ in e-wallet -> spot a good margin arb (+/-5%) -> confirm the odds -> deposit in the bookie and place bet -> in the end of the day withdrawal to e-wallet. Day after repeat the process.
So what you guys think? Simple insane or perhaps possible?
