I don't gamble outside of my weekly budget, but if I'm lucky, I might try a little. However, I allocate 10% of my monthly income to gambling and allocate 25% of that 10% four weeks a month.
However, I never overexcite myself beyond my monthly budget, especially since I took a bet once as an experiment and although I initially won, in the end I lost more than I won. I have since learned that it is too tempting to expect to win more than twice in a row in gambling. Anything overly tempting and overly emotional in gambling will not bring positive results. That is why I do not expect to win more than twice a day in gambling.
Your plan is similar to mine but my allocation for the month for gambling is less than 10%. Immediately my budget for the month is exusted my gambling will be paused until I receive next month's income. Using more than my budget due to emotions or loss chasing will bring hardship to me and my family, so I avoid such actions. . Immediately I win a good sum, my profit will be withdrawn while I might continue gambling with the capital