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To limit these risks, some players adopt the "small and long bet" strategy. Instead of betting a large amount at once, they divide their money into smaller bets. This helps them control the amount of their bets and minimize risks. In addition, having a long-term strategy also helps players not feel pressured to win immediately, thereby creating a more comfortable and confident mentality when participating in betting.

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Additionally, once you have achieved a certain level of proficiency, you can try applying advanced betting strategies such as "Value Betting" or "Arbitrage Betting". These are in-depth strategies that require an understanding of the market and bookmaker odds, but if done correctly, they can help you maximize profits and minimize risks.

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When playing sports betting, players can also apply the "betting exchange" strategy. Instead of just betting on the odds offered by the bookmaker, you can trade with other players to bet on a different odds. One advantage of betting exchange is that you can bet on the losing team, instead of just betting on the winning team. This is a special strategy in matches with unfavorable odds, helping players optimize profits.