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In addition to applying betting strategies, players also need to develop financial management skills in betting. Setting a specific betting budget and sticking to it is very important to avoid overspending. A popular strategy is to use a money management method such as "each bet is a small part of the total budget", which helps players not to be too affected by big wins or losses.

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One way to maintain mental control is to set personal rules for yourself. These rules may include not betting more than 5% of your total bankroll on a single game, not betting too much in a day, or stopping when you have reached your desired profit level. These rules will help you maintain stability and patience throughout your betting.

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Another important aspect of sports betting is bankroll management. This is not just about knowing how much money you can bet, but also knowing when to cut back or stop when you have a losing streak. Using a fixed budget and only betting money that you can afford to lose without affecting your personal finances is a good way to ensure that you stay in control.