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As in any other field, having a long-term plan and sticking to it consistently is the key to achieving sustainable success. This applies not only to betting but also to personal finance management. Before you start betting, you need to be clear about your goals – whether you want to make short-term or long-term profits. This will help you decide on the amount of bets, the type of bets and the frequency of betting.

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Additionally, using a risk management strategy is also an important part of betting strategy. One of the popular strategies is the fixed-stakes method, where the player only places a fixed percentage of his betting budget on each bet. This helps you control your risk and minimize your losses if you experience a losing streak. On the other hand, there are players who prefer the Martingale strategy, where you double your bet after each loss to recoup previous losses. However, this strategy can be very risky if you are not careful and do not manage your finances properly.