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Martingale is a strategy of doubling your bet after every loss. If you lose, you will bet twice as much to recoup your previous loss. However, this strategy requires you to have a large enough bankroll to avoid running out of money when you have a long losing streak.

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In addition to applying betting strategies, players also need to develop financial management skills in betting. Setting a specific betting budget and sticking to it is very important to avoid overspending. A popular strategy is to use a money management method such as "each bet is a small part of the total budget", which helps players not to be too affected by big wins or losses.

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Another important factor to consider in baccarat is bankroll management. Baccarat is a fast-paced and addictive game, so it is important to have a clear financial management plan. You need to determine in advance how much money you are willing to spend per session and stick to that plan. Some players adopt a “one-hand-one-bet” strategy, which means they only play one hand at a time and decide to quit after reaching a certain profit or loss target. This helps them avoid betting too much on subsequent hands, losing the money they have won.