Yeah right, experienced helps a lot to avoid making the same mistake not only to the person itself but also to those who read or witness what happened to the person, what impact has been made to his life, we can't outsmart luck as we need to recognize the perfect timing to take advantage and enjoy the opportunities that was given, you need to acknowledge and make sure to have a good use of it.
My experience is Always based on knowing how to bet and When to bet more and when to Stay at a minimum , In this case , knowing how to bet and how to make the most of our knowledge is something that should Always be generated , For me, it's more of the same , before betting, I see how much I'm going to spend and that's it , I don't go over that and I'm happy even if I lose.