Codec packs ussualy do mere harm than good. Try to install an alternate MPEG decoder, such as Elecard or BitCtrl.
If you load the base skin for v. 1 or the v.1 skin for BSPlayer v.2 the option is on the left hand, centred, just above the time counter, on the skin, and it states Repeat: with the options: random, none, one, all.
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