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A college student made an average of $1,400 per week using a strategy called arbitrage betting, also known as positive expected value (EV) betting. This strategy involves identifying opportunities to bet with a sportsbook that has a lower probability of an event occurring and hedge by betting on the other side or on all three outcomes. This creates a guaranteed profit, regardless of the outcome. The sports betting market is fragmented, with different sportsbooks setting their own odds, which can lead to prices being out of line with each other. By taking advantage of these mispriced odds, it's possible to make a profit.

The author, who used this strategy to sustain their lifestyle and afford luxuries, began by learning arbitrage betting from a friend and spent 10-15 hours a week modeling and testing different strategies. As they gained more experience, they were able to reduce their time commitment to just 1 hour a day, 5 days a week, and 4-5 hours on Saturdays.

To get started, the author recommends learning the basics of probability and odds, as well as creating EXO models for different betting strategies. They also highlight the importance of building a bankroll, starting with promotional betting offers and gradually moving to pure arbitrage and positive EV betting once the bankroll reaches $5,000-$10,000. The author warns that there is a steep learning curve and that it's not a get-rich-quick scheme, as betting limits and available funds constrain potential profits. While it's possible to make a full-time income, it's important to be realistic about the amount of money that can be made.