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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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Tracking and analyzing the results of previous bets is a way to improve your strategy. Recording the results and analyzing why you won or lost will help you recognize patterns and trends in the way you bet. This is useful for learning from mistakes and developing future strategies. You can use software or apps to track and analyze your betting results.

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A chain betting strategy is also popular in baccarat. This strategy usually starts with a small bet and increases it when you lose, or decreases it when you win. This method does not help you predict the outcome accurately, but it can help you increase your chances of winning big when you can identify winning or losing streaks throughout the game. However, this strategy can be very risky if you do not control your bankroll, so you need to be careful.