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n Fixed Odds Odds are set by the bookmaker
Pari-mutuel Odds Odds are determined by betting pool
Fractional Odds Odds are expressed as a fraction
Decimal Odds Odds are expressed as a decimal
Moneyline Odds Odds are expressed as a moneyli
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n Set a daily budget 50% for low-risk bets
Prioritize needs over wants 30% for medium-risk bets
Avoid chasing losses 20% for high-risk bets
Regularly review spending 0% for reckless be
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