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In contrast to overconfidence, some players fall into a state of "fear of losing", especially when they have experienced a long losing streak. At this point, they start to tend to be overly cautious, placing smaller bets to minimize losses. However, this fear can cause them to lose the chance of winning because they do not dare to bet on opportunities with high winning rates.

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Monte Carlo and the first casino in Monaco: In 1856, Duke Charles III of Monaco founded the Casino de Monte-Carlo in Monaco, one of the most famous casinos in the world. This casino not only catered to European aristocrats but also attracted wealthy tourists from all over the world. With a combination of games such as roulette, blackjack and baccarat, Monte Carlo became a symbol of luxury and class in the gambling industry.

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