
I have started my arbing career off very small and am basically learning the ropes with some very small stakes (by arbing terms) in order to learn and check everything over for mistakes. I plan to increase this later on after I have learnt the ropes.
I am a programmer at and have been trading in the forex markets for several years, and thus have developed excellent record keeping skills which I hope to apply to my arbing. I have got a spreadsheet which I am using to track all arbs I place, keeping track of all of my bets. I am currently only placing 2-leg bets so that I can learn.
I have taken the approach of "baby steps" first and have decided not to try to run straight away, I cannot afford to lose anymore than my current bankroll - hence the caution

I have a question about bookies limiting people.
It seems that amounts do not seem to matter (I mean this within reason

I have started off with a smaller number of bookies than I would have liked, but this is helping me keep up with my record keeping and hone my skills for it

If I aim to take up arbitrage bets that in the long run will "move" cash between bookies in a cyclical manor, do you think this could be used as an effective deterrent? And, further to this, by taking up arbitrage bets where the bookmaker is a 20-40 and betfair is a 1.04-1.06 (etc) could I effectively slowly "bleed" my cash from bookmakers from betfair - this would make it appear as though my accounts at each bookies where only consistently losing.
Here is an example of what I mean

Starting Balances: £15 at each of
Marathon
Coral
Betfred
William Hill
Ladbrokes
Sky Bet
Okay so now, I take up some arbitrage bets between these bookies. Here is a cyclical example:
Arb 1: 2% Arb with less than even odds at Coral, Higher than even odds at Marathon
Arb 2: 2% Arb with less than even odds at Marathon, Higher than even odds at William Hill
Arb 3: 2% Arb with less than even odds at William Hill, Higher than even odds at Coral
If we assume this is a perfect world, where the lower odds win, I would have a winning bet at each bookie as well as a losing one. This could essentially move my balance around in a circle between them (I am not interested in a small dip/up movement)
If my balances drift too far out of balance, I could aim to take up Arbs which would (at least in the long term) to lower the balance of that bookmaker, and raise it somewhere else.
Further to this, I could take up arbitrages like this:
Arb eg1: 1% Arb with very close to 1 odds at Betfair, and very high odds at another bookmaker. (BACK/BACK)
OR
Arb eg2: 1% Arb with very high odds at Betfair, and higher odds at the bookmaker (BACK/LAY)
By taking this strategy, I should be able to slowly bleed money from my bookmakers into my betfair account, where I am free to withdraw it without any worry about limitations on my account, as Betfair do not care - they just want commission
I understand this would be very difficult to do in practice. But if I make this my aim from day one, I am hoping that I will never have to withdraw money from my bookmaker accounts in any mass amounts - so this should allow me to avoid some of the flags in the systems which I am assuming bookmakers use. Adding money, then withdrawing after a big win I am guessing is an easy flag to getting limited.
What are peoples experiences with being limited? What kind of amounts were you using? Any tips and tricks of the trade anybody wishes to share?

Thanks in advance to anybody and everybody who replies

Also, I am a programmer at heart, and am willing to do odd jobs for people here and there if they are quick and easy to do

I am, if my arbing turns out to be successful, going to setup a system for keeping track of all the trades and scanning all free websites for new arbs etc - I am happy to make it available to all on the web if I decide this is a venture I decide is worth doing. I can make it available for free as long as my server does not get overloaded from lots of use
