I'm not sure that we who can stay calm can reduce the risk of losing, but what makes more sense is that with better self-control it is possible to minimize the risk of losing more money in the sense that there will be no excessive behavior in gambling, also besides that I doubt that something like this can maximize victory, because no one can be sure to win by having a certain way. The method that we have ourselves such as better control only protects us from actions that refer to addiction, it does not change the risk of losing to be lower including with victory.
With those who do not have good self-control, it is possible that they will continue to gamble even though they have won, but with the clear reality that defeat is something that is certain to happen, it can make them lose everything they have got, for wise people who can control themselves will not waste what they have got.
You must’ve have misunderstood my point.
By saying mitigation the risk of losses, I never meant one could by staying calm eradicate the losses, No; losses are undeniably an inevitable aspect of gambling that every gambler must encounter, regardless of how responsible or calm the gambler is. What I’m simply tryna say is that, by staying calm, you get to think properly, calculate the risks, and make more realistic decisions in situations that would’ve ordinarily led you into making impulsive choices that would’ve resulted to unnecessary losses.
By this, you may have directly or indirectly mitigated the risk and impact of gambling losses.