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A simple and effective strategy for capital management is the stop-loss and stop-win strategy. Accordingly, the player will set a specific target for the amount of money won or lost in each game session. For example, you can set a target that when you win 50% of your initial capital, you will stop playing or reduce your bets. Conversely, if you lose 50% of your capital, you will also stop. This is a way to protect yourself from losing all your money if you encounter a long losing streak.

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Another factor to consider when playing baccarat is choosing the right time to bet. You don’t have to be in every bet all the time. One of the secrets of successful players is knowing when to stop and when to continue. If you feel unstable or have a losing streak, stop playing and come back to it after you have thought it over. Never let your emotions influence your decisions, especially when you are losing a lot.

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There is also a version of baccarat called Baccarat Banque, which is popular in France and European casinos. In this version, the dealer does not change after each hand and bets can be placed on both the Player and the Banker. This gives players the opportunity to make smarter strategic decisions knowing that the dealer will not change throughout a series of hands.