The Psychology and Bankroll Management of Social Betting with Friends

Let’s be honest. The most memorable bets aren’t the ones you place with a faceless online bookmaker. They’re the ones made on a friend’s couch, fueled by a mix of bravado, laughter, and maybe one too many slices of pizza. “I bet you twenty bucks you can’t finish that whole burger.” “Ten says the underdog wins.” This is social betting—a world where the currency is often pride as much as it is cash. But here’s the deal: even in this casual arena, psychology and money management play huge, often hidden,…

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