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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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Slots: This is a highly entertaining game but requires luck. Players can look for slots with a higher “jackpot” rate, i.e. games with large jackpots, although the odds of winning are low. However, if you play long term and patiently, the rewards can be very worthwhile. A tip is not to bet too much on each spin and take advantage of promotions to play longer without losing too much money.