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Besides, budget management is also an indispensable part of betting strategy. When betting, you need to know the limit of the amount of money you are willing to lose and always keep a cool head. Never bet more than you can afford to lose, and avoid trying to win back when you lose. Good financial management will help you minimize risks and maintain patience in the long run.

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First Bet: You start by betting a small amount, such as $1 on "Banker" or "Player" in baccarat or on "Red" or "Black" in roulette.

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In eSports betting, players bet on which team will win in games like Dota 2, League of Legends (LoL), and Counter-Strike: Global Offensive (CS:GO). Common types of bets include betting on the winning team, betting on the exact score, and betting on in-game events.