Gambling inherently carries a significant risk of losing money, with the house typically coming out on top. Never attempt to recover lost funds; while it may seem reasonable, the odds are not in your favor. Refrain from playing just to secure a win; pursuing losses often results in even greater losses.
Huge risk always carry out by players that's why people should not carried out by their greed to avoid compromising their selves and create big mistake that might cost them a lot of money. Also I agree with you upon saying never attempt to recover lost funds since if they do that for sure that people doing that would lose more money especially that focus is provably out and total frustration would carry them that's why everything would provably messed up if they do stressed betting.
So with that gamble with proper precaution and always know when to quit and I think this one could avoid us experiencing heavy losses from gambling.
I would say that there is a subtle point that many players do not really want to notice, namely, when a player decides to continue playing very easily, although a second ago he did not think that if he loses a certain amount, he will close the game. So, we need to approach loss limits more responsibly, and clearly, be sure to do what we have planned, and not look for excuses and continue the game. This is very important, no excuses should arise, if we lose X amount of money, then we close the game and go do useful things or work, or other rest, anything, but not continue. Frivolous decisions to continue the game ruin players who want to win back here and now.