Traditionally, you would be able to bet on a lot more than whether the card was higher or lower and players would even have the option to bet on things such as whether or not the next card was red or black or if it was part of a suit.
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That said, since the game is played with one deck, remembering how many high cards and how many low cards have come up in the progress of the game will definitely give you an edge, however, how you do that is entirely up to you.
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