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One basic strategy that many Baccarat players use is the Betting streak strategy. With this strategy, you will continue to bet on a winning option until that option stops winning. Another popular strategy is the Martingale strategy, in which you will double your bet every time you lose, so that you can recoup your previous losses when you win. However, the Martingale strategy requires you to have a large bankroll and can be very risky if not controlled.

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Another important factor is the emergence of new forms of betting such as betting on electronic games (eSports) and other online games. Betting on eSports is becoming a thriving industry, with millions of people participating and watching major tournaments around the world. Bookmakers have begun offering betting products on electronic games such as Dota 2, League of Legends, and Counter-Strike: Global Offensive, expanding the player base and creating a new potential betting market.

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In addition to understanding the types of bets and games, players also need to learn about effective money management strategies. Popular strategies include betting a certain percentage of the initial capital, or applying the "Martingale" strategy, in which the player doubles the bet after each loss to make up for the losses. However, this strategy can also pose a great risk if the player is not able to control and manage his finances carefully.