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Avoiding losing streaks is a rule to follow. If you are on a losing streak, do not try to “recover” by betting a larger amount on your next bet. This can easily lead to losing all your money. Always stick to your budget and strategy, and know when to stop.

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Practicing patience and waiting for good opportunities is a very important skill in betting. Instead of betting on every event or match that you participate in, you should learn to wait for the best opportunity. This means that you do not have to participate in every game or bet that you see, but only participate in opportunities that you have enough knowledge and confidence in. This patience will help you avoid betting recklessly and minimize the risk of losing.

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American odds, on the other hand, use "+" and "-" to indicate the bet size. Positive odds like +200 mean that you will win 200 units for every 100 units you bet. Negative odds like -150 mean that you need to bet 150 units to win 100 units. These odds are mainly used in the US and some other countries, especially in sports like basketball, football and baseball.