I think "Accept the loss" is the most important point on the list because it’s key to minimizing risks in gambling. Main reason many lose a lot in gambling is that they can’t accept a loss, they try to chase it, only to end up losing everything, sometimes even money that wasn’t meant for gambling in the first place.

This is the kind of discipline we need to develop. From the start, we should understand that gambling has only two outcomes: winning or losing. Knowing how to handle both is just as important as placing the bet itself.