Okay we are all here because we enjoy gambling. Some are addicted, some in denial and some just flirting with it. I've been gambling since the age of 16, over 20 years now. I've rode the highs and crashed thru the lows, in the end I still enjoy gambling.
My advice is to dam well make sure and take advantage of the highs. Over the years I've noticed the peaks and valleys. Some days no matter what, you can't win. Nothing can change that and it sucks. Now the peaks. Those days everything you touch turns to gold. They happen, just not that frequently. My experience stems from live gambling, casino and sports.
Let me tell you how the mind of most gamblers works. When a gambler is winning, he gets to a point where he switches to protect mode. He's turned that $50 in to $250 playing blackjack and now he's dropped to betting $5 a hand again. Now let's reverse this. He's now stuck $250 and guess what? The bets get larger as he chases. You will witness this pattern in most casinos all over the world.
Now what you should do when you are hot is press! And press hard! Don't be afraid to lose your winnings, when your hot you want to take full advantage of this. On more than a few occasions I've turned $500 into $15,000 just by pushing. Six the hard way three times before rolling a 6 or 7, each time bumping it $25 more. Roulette wheel catching double spins, it happens.
In closing I will say that over the long run we all lose. But when your running hot and it does happen, press like a MOFO. Don't go in to protect mode, set yourself apart. Good luck whatever your betting on.