I don't try to manage losses. Rather, I gamble to lose. When I enter into gambling or decide to gamble, I immediately give up that money to lose or gamble to face losses. Whether I win or lose money in gambling is not important. Rather, I am having fun while gambling is the most important thing. We should not even gamble with money that if we lose we will lose or we need to learn loss management strategies. Gambling with the amount of money that you can afford to lose for entertainment and forget about that money. You may face bigger losses while finding loss management strategies.