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When a player has lost a large amount of money, he or she sometimes feels as though he or she has no choice but to continue betting to recoup what he or she has lost. This mentality, also known as “loss aversion,” causes the player to continue betting blindly and without thinking about the risks. This creates a cycle of “losing again and again” that the player cannot escape.
Baccarat has continued to evolve and change over the centuries. Although it was popular in French and Italian casinos, it was not until the 20th century that the game really took off and became a staple in casinos in Las Vegas and Macau. In fact, baccarat has become one of the most important games in Macau, where many players from Asian countries participate.
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