This is the most important doubt I have so far.
I still don't understand how the process of Arbitrage works, even with some "battlefield" experience.
So I'll make here what I understood about it and please correct where I'm wrong or tell me what is missing.
** The goal is having 1 GREAT combination? 1 Banner+ 1 LP+ 1 Offer And Get Autopilot Profits For Some Time? **
The proccess:
I - 20 Variations: 10 banners x 1 LP x 2 Offers.
Result: 1-3 Variations Works: Now are 3 Banners 1 Offer
II - Replace The Losing Banners With 17 New Banners INSPIRED ON THE WINNING ones.
20 Variations Again x 1 LP x 1 Offer.
Result: 6 Works
III - Replace 14 Losing Variations (4 banners and 1 LP).
10 Banners x 2 Landing Pages x 1 Offer.
Result: 5 Variations Works (5 banners x 1 LP x 1 Offer)
IV - Replace Again Variations to be 20: 5 banners x 1 LP x 4 Offers.
Result: 5 variations Works Better, With a New Working Offer....
(... And So On And So Forth...)
MI - You FINALLY Have a Winning Combo with 100% consistent ROI, get Autopilot Profits for 90 Days.
Repeat all again.
Question: Is this the proccess? What is missing here? After having the Winning Combo, we still need to create new 20 variations to try to beat it? Creating new losing variations of the winning one would not hurt the profits? Or the right is keep creating?
Why? What is the Science?
what's missing? A way to get the clicks / traffic cheaper than your competition and / or payouts higher than them. I see idiots from the scraper copying my campaigns all day and it does not matter, my epc is twice as high as them and I have a long term direct relationship with the advertiser(s) so when they try to copy my offer, I just hit up my contact and have them "opted for poor quality."
The name of the game is relationships these days, make yourself valuable to someone, traffic owners / offers owners, or it will be very hard to find any sort of stability. That being said, I've never had a campaign crush at 100% ROI for 90 days with no modifications.
one suggestion would be not to double threads 
@keepitsimple
I understand, thanks for the advice.
@polarbacon
Here is the wrong forum to post, please transfer to "Newbie Q's & A's"
Moved to Newbie Q&A.
Essentially, you should keep optimising until you aren't seeing improvements. At that point, you run the campaign for as long as possible!
Running one single banner isn't a good approach, though - users will stop clicking. You need a few working banners on a winning campaign, and need to rotate them to slow down burnout - as well as continuing to create new ones that won't suffer from burnout.
@caurmen
Thanks!
What is a good approach to test each variable? 1x the payout?
Example:
1LP x 5 Banners for 1 offer that pays $ 5 = $ 25 to this campaign?
I'd recommend having a good read through the Step By Step Guide - there are guides in there which answer these questions in some detail, and there's another one coming this week!