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In election betting, players bet on the outcome of elections, such as who will win the presidential election, or which party will win the most seats in parliament.

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In Baccarat, strategy also depends on knowing when to hit and when to stand. If your hand is a pair or a strong set, you can decide to hold on and continue playing, but if your hand is too weak, you can stop and limit your losses. Some players also use the strategy of "bluffing" to make their opponents think they have a stronger hand than they actually do. However, this strategy requires experience and a flair for reading opponents' psychology.