Do I need to be a UK resident or have a UK bank account in order to become a sports arbitrage trader?

Absolutely not.

Anyone^* residing in a country where online sports betting is legal can become a sports arbitrage investor.

The most popular method of deposit is by debit or credit card, which most people have access to. Besides those methods you can also deposit via e-wallets such as PayPal, NETELLER and Moneybookers, so a bank account is not a necessity.

* = Due to bonus abuse or a high risk of fraud from certain countries some bookmakers do not accept accounts from certain countries even where online sports betting is legal.

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