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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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An indispensable factor in successful online betting is the ability to manage time. Spending too much time betting can negatively affect daily life, work, study and relationships. Therefore, players need to set limits on time and the number of bets per day or per week. Some bookmakers now provide time management tools, helping players control the time they spend betting and automatically reminding them when they reach the set limit.

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One way to maintain mental control is to set personal rules for yourself. These rules may include not betting more than 5% of your total bankroll on a single game, not betting too much in a day, or stopping when you have reached your desired profit level. These rules will help you maintain stability and patience throughout your betting.