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Another important factor is managing your betting budget. While finding attractive bets can make you want to bet big, you need to know how to divide your capital reasonably and always keep some reserve money. Typically, professional players will not bet more than 5-10% of their betting budget on a single bet, in order to minimize the risk of losing.
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After a string of big wins, many players become so confident that they believe they can win every bet, no matter what. This mentality leads to them no longer adhering to their original strategy principles and making rash decisions without analyzing the situation. “Overconfidence” is one of the main reasons why many people lose big despite having won big in the past.
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Don’t bet all your money on one game: Even though you may feel confident in a particular bet, you should never bet all your money on a single game. One way to reduce your risk is to spread your money across different games or bets with higher odds of winning. This will help you maintain financial stability if one bet fails.