Basically if you want to not lose money gambling you need to either never gamble, or stop gambling once you have won more than what you have gambled so far.
The key reason that triggered one to either continue betting or stop permanently is profits and loss. It demonstrates the fundamental requirements of gambling; earning more than expected will only bring forth the quality greed, and I would not welcome losses on my bet games. I'd rather stop than keep gambling since it will never cease unless we make a firm decision to stop. Our minds are wired in such a way that we become addicted to whatever activities provide us with food. Gambling without setting daily limits will result in huge losses. Gambling is not a viable strategy for making extra cash.
In the end, all will return to the strategy they use to know when to stop or the strategy for managing their finances in gambling.
I think it's not only betting that has a strategy but finance in betting also has a strategy to avoid losing too much.
For example, I use a betting capital of $ 50 to get a win of $ 50, then I will withdraw the winnings of only $ 30 and the remaining $ 20 will be used to bet again.
So that the initial capital for betting is still intact and subsequent bets only use the remaining money from winnings.
This strategy may have been carried out by some gamblers a long time ago, but sometimes they forget this method just because they are chasing big wins, so they ignore the strategy.