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A strict money management strategy will help you minimize your risk of losing. There are many methods of money management, such as the Martingale method, where you increase your bet after each loss, or the Fibonacci method, where you gradually reduce your bet when you win and increase it when you lose. However, no matter which method you use, you need to set a specific budget for each betting session and stick to it.

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m3 betParoli Strategy: This is a “doubling down” strategy but with a different condition. Instead of doubling after every loss, the player doubles the bet after every win. The goal of the Paroli strategy is to take advantage of winning streaks and minimize risk. This is a less risky strategy than the Martingale.

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Managing your betting budget is always an indispensable part of every player's strategy. Clearly defining your maximum bet, as well as allocating your bet amount appropriately, will help you avoid getting "trapped" and losing control during the betting process. Remember, betting is a long-term game, and keeping a reasonable budget is the best way for you to maintain long-term participation and not "burn your pocket".

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Another strategy to protect your finances when gambling is to only use idle money. This means that players should not use money that is meant for essential needs such as rent, school fees or monthly salary to gamble. Only using money that you can save or do not need will help you minimize financial risk if you lose.