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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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pgpp betOne thing to keep in mind when playing roulette is the choice of bets. You can bet on a specific number (single number bet), or choose to bet on a group of numbers, colors (red, black), or groups of numbers (even/odd, low/high). Each type of bet has different payouts and different odds of winning. Bets on groups of numbers or colors usually have higher odds of winning but lower payouts. Conversely, bets on a single number have high payouts but lower odds of winning.

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Roulette odds vary depending on the bet type. Betting on a specific number pays out up to 35:1, while betting on a color or odd/even only pays out 1:1.

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