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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.

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Martingale betting is one of the most popular and simplest strategies in betting games, especially in games with near 50/50 odds like blackjack, roulette or baccarat.