Now a days many bloggers and site owners use the adsense arbitrage for traffic and Income . I want to ask this technique is how much technique is risky or money giving
If you think about it logically, you'll realize that arbitrage cannot possibly work. You can get traffic to your site but you cannot make enough income through Adsense to cover your advertising costs.
No, they don't. Many did it 5 years ago. These days, may as well collect a pile of 5 pound notes/dollar bills/whatever your currency is and set fire to them.
Adsense Arbitrage is mostly used by low quality content producers and Google hates it too, that’s why they shut down many profitable accounts using the same technique.
The question is whether the site/blog contains any valuable content. There are pretty well performing (for the advertiser) websites which their profits are quite based on AdSense, such as eHow and eZineArticles. If a publisher just inserts third-grade articles to his blog - then it can be called pure Google arbitrage, and it's probably just a matter of time before Google bans him.
Not really worked for years - even if it did you still run the risk of being slapped and shut down. Don't go for the easy money if you can avoid it
going blackhat somhow, and taking care of most of the things, Arbitrage still works. beleive me. people says its not working since 4 or 5 years, but i been doing this whole year. and never got problm. the main thing is, use your brain. thats it.