yes, both are of course indispensable in gambling. However, limiting time in other words does not mean we have to determine how many hours to gamble but rather see or control the remaining money we have in order to minimize the risk of loss and determine when to leave the game.
Limiting the time means limiting how many hours you gamble and see how much money in your account, so when you see your money is not increasing instead reduce, that will be the time to stop gamble and leave the place. That means you should control yourself and avoid the big risk that you can get from gambling. Maybe when you can enjoy the game, that will not be easy to leave, but you must do that if you do not want to lose more money.
There are different types of gamblers and there ae others that categorized as Risk taker gambler in which the more they lose is the more they Heat up and boosted .
I use to be like this that i am more interesting in Low chances than those Given wins.