I know I can't advertise my website with adsense on it through adwords, but can I advertise the same site using other advertising programs such as bidvertiser, adbrite etc. Wouldn't be this a form of adsense arbitage then?
then why ask in the adsense forum? if you don't have adsense on the site,how can it be adsense arbitage? it would be bidvertiser arbitage, adbrite arbitage,ect... read the adwords TOS and if you got questions,ask in the adwords forum. btw,you can use adwords if you have adsense on your site,maybe not your sites,since you used the word arbitage.
I think it's perfectly okay as you are not using Adwords to get traffic to your Adsense site.. In google's terms it's just getting traffic by another means..