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Risk Management
generalIn gambling, risk management refers to the strategies and techniques used to minimize the financial risks associated with betting. This includes practices like bankroll management, staking plans, and diversifying bets to protect against significant losses.
Key Takeaways
- 1In gambling, risk management refers to the strategies and techniques used to minimize the financial
Risk Management
In gambling, risk management refers to the strategies and techniques used to minimize the financial risks associated with betting. This includes practices like bankroll management, staking plans, and diversifying bets to protect against significant losses.
Example
A poker player with a $10,000 bankroll employs risk management by never buying into a cash game for more than 5% of their total funds.
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