I think when it comes to gambling, it is hard to have risk management as everything relies on luck. It is possible to reduce the risk by just simply analyzing, the knowledge, skills, etc. If that is the case it would be stressful in the long term in gambling as everything you would need to identify everything for you just to profit.
Maybe on that part, since everything is on luck, try to manage the risks in the form of wise betting. For example, don't just aim right away for a $5 per bet at the start of the session, just to increase the winnings. If possible, try to settle first on $1 per bet and observe things from there. If winning, just continue on that bet amount until the bankroll grows, and can now entertain a $5 bet for several attempts.
In a game of luck, managing the bankroll should be the priority and for that to worked out, a responsible approach is necessary.