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In addition to analyzing the teams, understanding the odds also plays an important role in making betting decisions. Bookmakers often adjust the odds based on many factors, and you need to know how to identify good betting opportunities from these fluctuations. If you can spot a bet with attractive odds but is undervalued compared to the reality, you may have a chance to win big.

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A useful tip is to set a certain profit or loss level before you start betting. For example, if you have a certain profit level that you have made from a number of wins, you can decide to stop to protect that profit. Conversely, if you reach a certain loss level, you should also stop instead of trying to recover.