You make make 10-12% as a sports arb trader but you won't make that kind of return with rebel betting software as their bookmaker list is too limited and the number of unique tradable arbs is way too low. I'm not saying it might not improve in time but the fact is that they scan about 1/5 of bookies they need to provide a pro service.

I have taken your advice on Rebelbetting and done some further research into other software providors.

Currently I am considering either Arbalarm, Arbexpert, or  ArbitragePro.
Can you please advise me between these services. I would like the one which will give me best value for money based on me starting out with a bankroll of AUD$1000.
I am starting small with the aim of building up and compounding my bets over a period of 3months and then I will top up the bankroll with another AUD$1000.

I'm not in this to make millions, ideally I want to get to a point of AUD$1000 net profit per week from the turnover of a bankroll of $10-$15,000 i.e. 5-10% net profit per week within 24 months. Still compounding by adding at least 2-3% of profits onto existing bankroll per week.
Long-term (+3-4 years) I would like to earn AUD$2-3,000 per week from a bank roll of $20-$30,000.
Is this realistic if I aim to spend about an avg. of 20hrs perweek trading?
I am also in the process of developing a website which will promote the arb service I am subscribed to, hopefully I can also earn at least enough commission to cover my own subscription, and then a profit.

Any advice would be much appreciated, as you can tell I am definately into this for the long-term, and realistic profits, not making millions. I want to make enough which I can then re-invest into other business ventures which can make me larger profits over time.

Jesse

Thanks Ladytrader, I realize now how it would be pretty difficult to make AUD$1000 per week from a bank roll of AUD$10,000 but probable per month.

I am taking this approach with arb software:
Signing up with Arbexpert for 20hrs per month @ GBP22 per 20hrs
I get free arbs on Fridays with Arbalarm on SportsArbitrageWorld
and I will be trialling Arbexpert during the world cup (which is prime time to start arbing and compounding your bankroll due to volume of arbs)
as well i receive free arbs through betsquare (about 50per day) they are suspect, but if you filter through them there are some valid ones there!

Is this enough to get me started? I can boost my ArbitragePro subscription to 65hrs @ GBP65 if needed, or join another software provider.
Basically the limited hours and upfront payment is ideal to start out with, until my bankroll gets bigger....

Your advice is much appreciated!

I agree with James. Your bankroll is too small to be effective but you can increase it by maybe 200% or 300% by scalping bonuses first...