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A popular money management strategy is to “play a certain number of hands”, which means deciding in advance how many hands you will play and betting only within that range. For example, you might decide to play only 10 hands in a session and stop when you have reached your desired profit level or when you have lost too much. This helps you minimize unnecessary risks and maintain control over your bankroll.

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Managing your betting budget is also very important in the betting process. You should not bet too much on a bet that you are not completely sure of the outcome. A reasonable capital management strategy will help you maintain a long-term position in the betting game without running out of money. Usually, professional bettors will divide their betting budget into small parts so that they can participate in many different bets without being too affected if one bet loses.