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A simple and effective strategy for capital management is the stop-loss and stop-win strategy. Accordingly, the player will set a specific target for the amount of money won or lost in each game session. For example, you can set a target that when you win 50% of your initial capital, you will stop playing or reduce your bets. Conversely, if you lose 50% of your capital, you will also stop. This is a way to protect yourself from losing all your money if you encounter a long losing streak.
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Determining a clear goal is also an important factor in helping you stay alert and patient. Before you start playing, you need to clearly define your goal, whether it is for entertainment or to make a profit from smart betting strategies. Having a clear goal helps you avoid temptations during the game, while helping you maintain control in each decision. A player with a goal will be less likely to get caught up in long and unreasonable bets, helping them minimize risks in the game.
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To continue to maintain and develop an effective betting strategy, players need to be flexible and patient. One of the basic principles of betting is "knowing when to stop." This means that when you reach your betting goal or when you notice that you are experiencing a losing streak, it is important to pause and review your betting strategy. Many players do not stop in time and end up losing all their winnings, which can cause regret and frustration.