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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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The online betting industry is not only growing rapidly, but it is also facing challenges related to regulation and player protection. As the market becomes increasingly large, betting companies must find ways to meet the demands of both players and regulators. One of the biggest challenges facing the industry is to create and maintain a fair and transparent betting environment, while ensuring that players’ financial transactions and personal information are always kept safe.

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