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A strict money management strategy will help you minimize your risk of losing. There are many methods of money management, such as the Martingale method, where you increase your bet after each loss, or the Fibonacci method, where you gradually reduce your bet when you win and increase it when you lose. However, no matter which method you use, you need to set a specific budget for each betting session and stick to it.

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In addition, you should also clearly define your betting goals. If you participate in betting just for fun, you will be more willing to accept risks. However, if you want to make money from betting in the long term, you need to have a clear plan and follow certain principles. This means you need to know your betting limit, never exceeding the amount you can afford to lose.