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In contrast to overconfidence, some players fall into a state of "fear of losing", especially when they have experienced a long losing streak. At this point, they start to tend to be overly cautious, placing smaller bets to minimize losses. However, this fear can cause them to lose the chance of winning because they do not dare to bet on opportunities with high winning rates.

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Las Vegas became a center of the casino industry in the 1930s when Nevada legalized gambling. However, the growth of major casino brands only really took off in the mid-20th century.

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In addition to sports betting, online casino games such as blackjack, baccarat and poker also require separate strategies. In blackjack, players need to understand the rules of dealing cards and calculating points to make the best decision between "hit", "stand", "double down" or "split". In poker, in addition to card analysis skills, "reading" the opponent's psychology is also a decisive factor in winning or losing. Similarly, baccarat also requires players to know when to bet on "Banker" or "Player" to maximize their chances of winning.