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When players win big in the first few games, they often feel excited and confident in their abilities. This effect can lead to increasing bets, believing that they will continue to win. However, this is also the time when subjective psychology begins to affect the player's decisions. This feeling makes it easy for players to forget the principles of budget management and become "greedy" for the next wins.

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Betting is an activity that not only depends on luck but is also greatly influenced by the player's psychology. Betting psychology, or in other words "the psychology of a gambler", plays an important role in deciding whether a player can win big or will pay a heavy price. This article will explore the psychological factors commonly found in the betting world and explain why many people easily fall into its trap.

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This is a very popular form of betting in the UK and Ireland where horse racing is held regularly. Events such as the Grand National attract millions of bettors.