Setting a limit for both time and money. Stick to a budget, should also determine how much you stake. If you don't use appropriate stakes, your money won't last very long.When you hit that number, go home and leave the casino. In this way you can protect your winnings and minimize your losses.
But most people are not like that. Most of them always wants more even if they already some big amounts. So they just end up being a loser. When they lose they try to recover it which just result for more loss. When they win they are not contented by it because they think it is an easy money to do so they play more until in the end they go home with nothing because of their greediness.Well you do not need to follow them and be a smart gambler yourself if you ever gamble
Im with you when you say people even though they know that chasing loses can do them more harm, they keep on doing it because of the fallacy of thinking that they might end up winning. Yeah they keep on pushing their luck when they are winning and blaming martingale strategy whey they end up empty handed LOL.