Yes, Sauron could have won the war without the Ring, but he lusted after it in a way that makes Gollum look like a piker. The Ring contained so much of Sauron, that he was incomplete without it.
Sauron to the Ring: "You... complete me."
And, as I believe was said, Sauron couldn't conceive of anyone destroying the Ring, he could only believe that someone would attempt to use it against him.
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Don't believe everything you read on the interwebs. That's how World War 1 got started!
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