Avoiding loss is the number priority so, it would be much better to have a strategic plan and know that game. I think best strategy is to have a quota when spending funds on gambling like $10 each every game and if it loss then change tactics until you will get more winning than losing.
You may be right, we have to allocate $10 for each game for betting limits to find a strategy for gambling games, so if we carefully analyze how the game plays, the chances of winning are high, so your strategy above is the best advice to avoid big losses and we find a strategy new to win the game.