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On the other hand, a losing streak strategy can help you recover somewhat after losing bets. When applying this strategy, you will increase your bet after each loss, hoping that the losing streak will soon end and you can win again. However, this is a risky strategy and requires you to have a large enough budget to withstand long losing streaks.

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Online Gambling and Player Psychology: Understanding Player Behavior and Decisions

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In addition to keeping track of the odds, understanding different betting strategies is also important. For example, you can use the “Martingale” strategy (doubling your bet after every loss) or the “Fibonacci” strategy (increasing your bet according to the Fibonacci sequence) to control your betting amount. However, these strategies need to be applied with caution and with careful calculation to avoid large financial risks.