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Finally, learn to accept defeat and know when to stop. One of the common mistakes many players make is to continue betting after losing several games in a row, hoping to win back the money they have lost. This is a serious mistake, as it can lead to even bigger losses. Know when to stop and walk away, as big wins come from knowing your limits and not letting emotions rule your decisions.

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Place Bet: Bet on the horse to finish in the top three positions.