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Our tipsters info come in the form of arbitrage advice for use on b the 3rd year students majoring in mathematics.
Thus she makes more money following Scenario 2. Obviously she can exploit this inefficiency in the market and create arbitrage.
Overall our members would support international regulatory consistency to avoid regulatory arbitrage.
In a global world, regulatory arbitrage is a real factor.
Although sports arbitrage can be profitable, it takes capital, time, organization and energy to make consistent profits.