Kind of. You take advantage of boosted odds or special offers and off set your risk at a betting exchange such as betfair or betdaq. It's not as lucrative as it used to be as bookies offers are pretty poor these days but I have made thousands of pounds over the years and it's all risk free!
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Very Interesting ! I will try it in the future if all of this fails. It will fail sooner or later but i hope that i can make some hundreds of dollars before it does.
I'll try and dig out some websites and post them