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To become a good sports bettor, you also need to develop psychological analysis skills and understand the factors that affect the psychology of teams and players. Overconfidence, pressure from fans, or internal problems within the team can all affect the outcome of a match. Therefore, understanding the psychological factors in each match is a great advantage to help you make accurate betting decisions.

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A simple and effective strategy for capital management is the stop-loss and stop-win strategy. Accordingly, the player will set a specific target for the amount of money won or lost in each game session. For example, you can set a target that when you win 50% of your initial capital, you will stop playing or reduce your bets. Conversely, if you lose 50% of your capital, you will also stop. This is a way to protect yourself from losing all your money if you encounter a long losing streak.