Focusing on how much loss we're willing to suffer in gambling is a good thought, so we don't fall into regret, but I'm more focused on how to make a profit in betting, without thinking about big or small profits, because it all depends on the capital we have, then the strategy in the gambling, and the strategies in managing the amount of bets.
I'm much more willing to focus on the potential win and profit instead if focusing in my losses because we can't get back the money that we've lost. If we continue to chase our money, maybe in the end we will only be more wrecked and wasted, worst is being in debt, right? I just console myself that even if there are times when we lose the gamble, we will get lessons and strategies that we can use in the future. For me, it's better to focus on what can be done to win than to think about everything we've lost, because that will surely affect our thinking and actions while doing gambling.