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An important component of successful 24 betting is risk & loss management. Diversifying bets across various markets and events is a crucial risk management tactic. This lessens the effect of possible losses on total profits and helps spread the risk. Also, it is important for bettors to establish explicit restrictions on their betting activities, such as stop-loss orders and loss limits. Establishing these limits helps bettors stay away from chasing losses & rash choices that could result in more financial losses.