Usually someone who gambles then loses more money than the amount he can lose from gambling is an addicted gambler, but you can use this to not lose too much, determine the amount that can be lost and when it runs out at the limit you stop at that time, do not have other expectations when your money has been spent, if you continue to continue finances and your mental state is not good it will become an impulsive gambling, and that will make you lose even more.
More when you have experienced defeat is to go to rest and away from the mind of gambling, it will give a little peace than continuing gambling, the important point that underlies it is that you must be able to control your emotions and expectations of gambling.
You are right mate. I also wanted to present this same opinion, a strategy should be taken at the beginning of gambling that crossing a limit and then take a break from gambling for that day or that week whether it is in case of losing or winning. Because in many cases it is seen that even after winning a good amount the gambler continues to wager more due to greed and later it is seen that he loses both the profit and the fund.
And of course, these are more in the case of addicted gamblers. Genuine gamblers always try to gamble according to their strategy, because it is only for entertainment and not to increase problems in life by becoming addicted.
Whenever money is involved we need to have a strategy in place so we can deal with the losses we may suffer or the profits we may enjoy, the issue is that many see as gambling as a source of entertainment and they do not want to take the time to create such strategy as they see it as work they do not want to do, a posture I understand but that I cannot possibly share, since most of the gamblers that suffer great losses are the ones that did not took the time to plan what to do under every circumstance.