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When a player has lost a large amount of money, he or she sometimes feels as though he or she has no choice but to continue betting to recoup what he or she has lost. This mentality, also known as “loss aversion,” causes the player to continue betting blindly and without thinking about the risks. This creates a cycle of “losing again and again” that the player cannot escape.

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One of the notable trends in online betting is the growth of mobile betting platforms. Players can now easily bet anytime and anywhere through mobile applications. Major bookmakers such as Bet365, Betfair, and William Hill have all developed user-friendly mobile applications that allow players to access sports betting, online casino, poker, and many other games right on their smartphones.