well, this is a very correct understanding.
as a gambler, we should be able to think and manage our finances in gambling, such as gambling responsibly and stopping at the right time and continuing the next day using the remaining budget from the previous one. but all of this depends on the self control of each gambler because if a gambler is just having fun they will definitely not continue their betting session when they lose several times or value the money they have in gambling more. but for gamblers who think about profits, they will ignore what if their budget runs out and the next day they can't gamble anymore because in their minds they are only profits.
so all of this still requires good self control and an understanding of gambling is very important to be able to limit yourself from continuing to bet as you say.