You talk about surfing the wave until luck smiles. The catch: that wave? The tsunami is more likely to swallow us with the least mistake. Enjoying ourselves and managing our time and money sounds good, but is it foolproof? Hardly.
As usual, the house wins. Always. Math and probability; not pessimism. Your advice is to be defensive, learn from others, and avoid pursuing losses. Good, but let's dig deeper. Can't the greatest victory be achieved in seeing the game as rigged?
Understanding the odds and playing the game on our terms is true enlightenment. Celebrate the thrill, not the illusive victory. Shall we accept that? Knowing the odds are against us, can we appreciate the gamble? The ultimate risk, my friend.
The outcomes of playing gambling can be loses more money and will increased if you doesn't knows how to controls yourself when playing gambling. Many people losing their money while playing gambling and can't control themselves and makes them lose much money. They must knows that winning on gambling games is difficult and no matters they are trying to playing gambling too often and longer, that will not gives more chances to win.
People who can't controls themselves in gambling will not understand how to used gambling for a fun. They tends to playing gambling to chases the wins and makes money but that's difficult to do because gambling is not a places to makes money. Some of them can't understand that gambling is just a places to have fun because they see some people can makes money from gambling. That's why they still have a hopes to win on gambling and used more money to playing gambling.
The point is that you need to look one step ahead. We need to think about what will happen if we lose, whether it will greatly affect our lives and if the answer is yes, then how much. If the impact is very strong, it is better to stop the game immediately, but in a fit of excitement no one thinks about it. I know for sure that you can’t play games and bet your entire future on it, otherwise we could ruin our lives. When I watched the stories of gambling addicts, I was always surprised with how calmly they talked about their debts that they would have to pay off in the next 5-10 years. Perhaps without these debts they did not understand that they were able to earn such amounts, because they lacked motivation. Well, the interesting thing is that when the debt is paid off, the motivation will disappear completely and again you will not want to do anything, and gradually the thoughts will come that life is boring and you need to make a bet.