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.
To accept the loss and to stop chasing after the loss with thoughts of recovery is the best approach after the loss has been encountered and it is best for one to relax, take a stroll, go for a swim or partake in some other fun activities within the time frame inorder not to brood about the loss.
I do experience loss often times but I try to reduce my gambling bets once my the frequency of my loss is getting too high. Even changing to other games may not help because I believe gambling requires a calm emotional response, else whatever we do after being upset will always tend to zero profit and more losses.