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Determine Bet Sizes: Once you have set a budget, determine how much you will wager on each bet. Many experts recommend betting a small percentage of your overall bankroll on each wager, typically around 1-2%. This approach helps to minimize risk and protect your bankroll from significant losses. DraftKings Side Bets Super Bowl , Another common mistake is chasing losses. After a few unsuccessful bets, it's easy to get caught up in the desire to win back the money you've lost. However, this can lead to impulsive and irrational decisions that are fueled by emotions rather than logic.
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The Critical Importance of Power Ratings DraftKings Bankroll management: Proper bankroll management is essential for long-term success in sports betting. Set a budget for your bets and stick to it. Avoid chasing losses and bet within your means to protect your bankroll and minimize risks. Managing Bankroll During Betting Swings.
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