What is Arbitrage betting?

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Botev Plovdiv II - Lovech
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Montana - Spartak Pleven
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Egnatia - Partizani
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FK Liepaja - Riga FC
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Hebar - Lok. Plovdiv
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Livescore

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There are different variation of arbitrage: Betting arbitrage, miraclebets, surebets, sports arbitraging and etc.