Yeah, being aware of the risk is a must thing that we need to do. But many people lose control once they see their winning. They want to win more so make them continue instead of stopping gambling. It happens to many gamblers so being aware is what we need to have so we know when we must stop gambling.
We can't let ourselves make the same mistake over time. So being aware is really important and we must manage carefully. If we can reduce the big losses, that will be better instead we regret it.
Having awareness means you're a responsible gambler. It's really not easy to stop playing especially when we are winning. The adrenaline always kicks in urging us to gamble more.
Aside from minimizing losses, you can also be a profitable gambler if you have the discipline knowing when to quit when you win.
I have been there where I won more than $20 but I didn't listen to my friend's advice to stop immediately. The result just causes me losses because I want to win more which I can not get instead lose money.
That was a sad moment where I could win but not stop. I am losing responsibility for myself and am losing. The adrenaline pushes me to keep playing without thinking that I have had enough winning and urges me to gamble more.
Gamblers will have both bad and good experiences and only a wise gambler can survive in gambling. They will not eat something that they can't.