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R7: strategy and rules
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It is crucial to keep your bankroll separate from your other finances to avoid confusion and ensure that you are only using the funds you have set aside for these activities. A common recommendation is to have a bankroll that is at least 20 times the size of your average bet or trade. For example, many experts recommend betting no more than 1-5% of your total bankroll on a single wager. This approach helps to mitigate risk and ensures that you can continue to participate even after a series of losses. By keeping your bet sizes consistent and proportional to your bankroll, you can maintain a sustainable approach to your activities. In addition to setting limits on your bets, it is also essential to establish win and loss limits.
