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 Immediately I win a good sum, my profit will be withdrawn while I might continue gambling with the capital
Only few persons really make budget and schedule for gambling but I tell you for sure that it is the best approach so far to defeat addiction and irresponsible gambling. As adults we are responsible for our actions though gamble can be tempting but the truth is it doesn't forcefully make us to play it, however we should at least make budgets and stick to discipline ourselves so we don't let our emotions control us into chasing loses or wins that might end up becoming more disastrous when it get to addiction stage. I also make monthly budgets and sometimes due to how busy I am I may not even exceed my budget for that but exhaust it then I'll have to wait till the next month.