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After a string of big wins, many players become so confident that they believe they can win every bet, no matter what. This mentality leads to them no longer adhering to their original strategy principles and making rash decisions without analyzing the situation. “Overconfidence” is one of the main reasons why many people lose big despite having won big in the past.

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thiago brennandAnother mistake is to believe in “sure win” betting strategies that have no scientific basis. Betting is a game of luck, and no strategy can guarantee absolute victory. Players may believe in systems like Martingale or Parlay, but in reality these strategies only bring great risk if not controlled.

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The Development of Casinos in Europe - 18th-19th Centuries