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In horse racing, players can bet on which horse will win or finish in specific positions. Popular types of bets include:
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One thing to keep in mind is that not all bets are created equal. Some bets have very attractive odds but also carry a lot of risk. You need to determine how much risk you can accept and never bet too much on a bet that you do not fully understand. Sometimes, even skipping a bet that has higher odds but is not certain will help you save a lot of money and avoid unnecessary mistakes.
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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.