This phrase is very famous, and we see it a lot here on the forum and in the crypto world in general (especially altcoins): only invest what you can afford to lose or only gamble what you can afford to lose
It's a phrase that explains well the worst possible scenario, which is that you lose everything
If you lose everything, it has to be money that you won't miss, that isn't essential for you
In my case, I've always been aware of this, and since I bet for fun, I am fully aware that I can lose all of that money and it won't affect me financially
I think people don't understand this part as you
explainesexplained it, the problem with most gamblers is that, the gamble as it their life depends on it, theu don't even want to try a means that can help them bet or gamble without trying to consider chasing loss as an option, I think the best way to gamble is to avoid anything that will make you feel that you must have to win no matter what, gambling should be done in such a way that we don't have to stress ourselves emotionally, personally this has been motto and I don't joke with it, being a responsible gamblers requires gambler to be disciplined, never use what you can't let go to gamble to avoid being to enquistive to win back the money may likely become the real trap in gambling.