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We'll delve into the concept of bankroll management, explaining why it's crucial for punters. This section will cover topics such as setting a budget, determining stake sizes, and the impact of risk tolerance on bankroll decisions. Kayo Sports Kayo Sports Channels List the hottest games of 2023 Betfair was an innovative advancement for the betting industry when it was established in 2000. Operating similar to a stock market but trading odds instead of shares, Betfair quickly became one of the world's premier betting exchanges and made placing bets on sporting events much simpler for punters.