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The concept of arbitrage—taking advantage of price discrepancies across different platforms—has long been a strategy employed by savvy investors and traders. However, when applied to the realm of online gambling, the question arises: is crypto arbitrage a legitimate strategy for profit, or is it merely a losing bet? To understand the capability of crypto exploitation in online gambling, it is essential to first grasp the basics of both notions. On the flip side, online gambling encompasses a wide spectrum of actions, from sports wagering to gambling games, all conducted over the online. The merging of these two domains has given birth to new opportunities and difficulties for players.