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Amazon introduced Spot Instance Market to utilize the idle resources of Amazon Elastic Compute Cloud (EC2) more efficiently. The price of a spot instance changes dynamically according to the current supply and demand for cloud resources. Users can bid for a spot instance and the job request will be granted if the current spot price falls below the bid, whereas the job will be terminated if the spot price exceeds the bid. In this paper, we investigate the problem of designing a bidding strategy from a cloud service broker's perspective, where the cloud service broker accepts job requests from cloud users, and leverages the opportunistic yet less expensive spot instances for computation in order to maximize its own profit. In this context, we propose a profit aware dynamic bidding (PADB) algorithm, which observes the current spot price and selects the bid adaptively to maximize the time average profit of the cloud …