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Bet within your means: It's important to bet an amount that is proportional to your bankroll. Avoid placing large bets that could deplete your funds quickly. Instead, consider betting a small percentage of your bankroll on each wager, such as 1-2%. This strategy helps protect your bankroll during losing streaks and allows for gradual growth. Where You Can Play Sports Betting, Kelly Criterion: The Kelly Criterion is a mathematical formula used to determine the optimal size of a bet based on the perceived edge of a wager. It takes into account the probability of winning and the odds offered by the bookmaker. The Kelly Criterion suggests betting a percentage of your bankroll proportional to the perceived edge.
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