Though there's no proven strategy aside from limiting your budget and accept whatever the outcome to prevent losing more money, keeping your finances and time to the right position will always be your guard not to lose more money.
Yes, there is no doubt about that because what many people are looking for is a strategy that never fails and that is easy to use and generally works for everything in games, and such a magic formula does not exist, so alternatives have to be sought, one of them is the protection of not spending all the money or falling into addiction.
If we look at it, it does not exist and will not exist unless you have the gift of clairvoyance and if you do, I don't think it is that specific, until now I have read in many threads that another way is to control emotions, but that does not work, at least not for me, so I apply that.