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How does the "near-win" effect work psychologically in slot games, when a player sees that winning was close? Why does this strongly motivate them to continue playing, even if the odds of success are purely random?

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It's because the player has already won on some occasion, so their brain has become accustomed to the idea that they will win at some point, and that's dopamine, even though they know they have lost more than they have won.
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