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Learning how to manage risk is an important skill to avoid losing all your money. A smart betting strategy is not only to bet on the games you feel confident about, but also to limit unnecessary risks. Sometimes, passing on a few betting opportunities can help you avoid big losses and protect your capital.

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Gambler Behavior: How to Recognize and Avoid Gambling Addiction

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Learning to back off when necessary is a strategy that can help protect you from the negative effects of gambling. If you find yourself losing control of the situation, or you feel mentally exhausted, it is important to stop and take a break. Some players even adopt the “stop when you win” principle, which means that when you reach a certain profit level, consider backing off and not betting again.