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Also, donāt forget to maintain a reasonable betting budget and stick to your spending plan. Set a limit on how much you are willing to spend each month and never go over it. This will help you control your personal finances and avoid rash decisions that lead to heavy losses.
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Online Gambling and Bankroll Management: How to Stay Financially Disciplined While Betting
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One of the important strategies in betting financial management is to apply a capital management system such as the "Kelly Criterion" method. This is a strategy that helps you determine a reasonable bet amount based on the odds and your confidence level in the outcome. Specifically, you should only bet a certain percentage of your current budget, which helps you minimize the risk of encountering a series of consecutive losses and protect your capital.