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In addition to Martingale, another method is the Paroli strategy, also known as the streak betting strategy. Instead of doubling down when you lose, you increase your bet when you win. The idea is to make the most of your winning streaks and protect your capital when you lose. This is a less risky strategy than Martingale and is preferred for long games.

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Likewise, patience is essential. You can’t expect every spin to be a winner. Know when to stop, especially when you’ve reached your financial goals or when you feel like you’ve lost too much. Sometimes, pulling out at the right time is the best strategy to protect your assets.

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The winning rate in horse racing depends on many factors such as the horse's racing ability, the quality of the trainer and the length of training.