Yes, that’s no problem. If you have a good prediction of how the odds would change you can end up with a position where you will profit no matter the outcome.
But it’s usually not worth it - just like with arbing vs. value betting. For example, if you think that a match is mispriced, giving Nadal a 50% to win when it’s really 55%, if you close your position when the odds move to reflect that, you would win about 2% on average (depending on the juice taken by the bookee), whether if you leave the position open, you would make 10% on average (with the risk of winning some and losing some - but on average that’s what you will make).
