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Cognitive biases are inherent to human thinking and can significantly impact betting decisions. Be aware of common biases like overconfidence, recency bias, and confirmation bias. Recognizing and mitigating these biases will enhance the rationality of your decision-making. Kayo Sports List, As mentioned earlier, the Kelly Criterion is a mathematical formula that helps determine the optimal size of your bets based on your perceived edge. Implementing the Kelly Criterion prevents over-betting, minimizing the risk of substantial losses while maximizing the growth of your bankroll.
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