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The Kelly Criterion: This system involves calculating the optimal bet size based on your perceived edge and the odds offered by the bookmaker. It aims to maximize long-term growth while considering the risk involved. NBA, NFL and MLB live betting, Set a budget: Determine the amount of money you're comfortable risking and set it as your betting budget. This budget should be separate from your day-to-day finances and should not put a strain on your financial stability. Stick to this budget and avoid chasing losses by betting more than you can afford.
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