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The Paroli strategy is another strategy that many players prefer. It is a strategy of doubling down on wins instead of doubling down on losses like in Martingale. You start with a small bet, and when you win, you double your bet until you reach a certain winning target. When you lose, you go back to your original bet. This strategy is less risky than Martingale, as you do not have to endure long losing streaks.
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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.