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Odds on TV competitions can vary greatly, with competitions with strong contenders having low odds on potential winners. Payouts can range from 2:1 to 8:1.

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Managing your betting budget is also very important in the betting process. You should not bet too much on a bet that you are not completely sure of the outcome. A reasonable capital management strategy will help you maintain a long-term position in the betting game without running out of money. Usually, professional bettors will divide their betting budget into small parts so that they can participate in many different bets without being too affected if one bet loses.