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Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.

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Gamble at a reputable casino.
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Take advantage of online bonus offers.
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Play games with high return to player.
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Follow betting guides for the game you're playing.
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Place smaller wagers.
6
Try different games if you're on a cold streak.

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This showcases how even on an even game the bookie always takes a 10% rake. Statistically the average gambler will win this bet 50% of time. Therefore, for everyR$100 you wager, the book will earnR$5 and a gambler will loseR$5.
If you take in no more thanR$10,000 a week in bets, then you should start withR$10,000 on hand. That's about what you would expect if you were opening a local bookie operation. If you are starting a sportsbook business in a major city and plan to launch a major operation, you might need up toR$500,000.