When it comes to playing any game that depends on luck. Then a limitation should be adopted so that even if we lose multiple times it does not cause us a big financial loss. Because when something depends on luck, its winning cannot be predicted or guaranteed in any way. Because of this, the betting strategy should be arranged in such a way that we can profit in any direction. That will be the real success
This is a legit way on controlling loss in theory but its very to implement on actual because our mind is very cloudy when we are in the effect of gambling addiction specially we are on a losing streak since our normal reflexes as human is to recover losses using your remaining available on your wallet that you can access immediately.
This is our biggest problem and when we lose a bet at a weak point our immediate mind works that we need to recover that loss. and because of this we bet double the amount from the immediate previous bet. and in this way, if we lose in multiple bets, we have a big financial loss. so if we bet a small amount at the start with the limit, and if our mind works exactly the same, but at least we can protect ourselves from big losses.
Chasing loses will always be the worst problem for gamblers when they will also get greedy after getting some wins.
These are all normal problems and some gamblers have experienced this problem which is difficult to control.
Actually there are many ways to be able to control yourself so as not to chase defeat.