Gambling is like trading and investment, I recommend people to withdraw initial capital before continue to do their investment, trading or gambling.
If they can use this strategy, they will be able to keep their initial capital safely. It is clear that this strategy only works if they already get profit, and it gives them opportunity to withdrawal and save their initial capital.
It's very popular to see investors, traders, gamblers who win big but does not have good strategy, and later they lose big.
This is easier said than done. Most gamblers lack proper self-control due to which they end up gambling away their funds in the long-term despite being aware of all the stuff that you mentioned.
The ones who possess great willpower are few and far in between and they minimise their losses/win against the house in the long-term.
Even we have experience to deal anything had been said still there are times that we commit some mistakes and lost some self control on gambling.
But what's more important their is we don't commit to much financial damage since if we are still financially fine and not doing any risky or tragic act that can create some big problems then we are still fine.
Also for gaining that will power to minimize our losses could be gain thru a lot of experience so for sure by consistent participating on any gambling activities for sure we can learn how to control some huge financial losses that we might encounter.