The only strategy that works on games that are completely luck based are money management strategies, and they do not work as a way to make you money but as a way to make you avoid losing too much money, which in my opinion is just as important since our funds are limited to begin with, however as we know this is not what most gamblers are looking for when it comes to strategies, and it is because of this that strategies like martingale are still widely used even if we know they do not work.
I agree. Gamblers are looking for strategies to maximize their chance to win, that also includes how to prevent getting busted early. If you can play long with limited or not huge funds that means you're doing well in managing it.But I think playing while winning is much better than managing well. In a gambling, if we bet a small amount, our bankroll won't get depleted easily but as our bankroll is going small as we are playing, this doesn't mean that we are managing well. I believe managing well is where we are able to prolong our gambling session while having a positive bankroll.
I already tried many strategies like what other gamblers use but all are not reliable. There's no specific strategy really that can work in luck based games, hence much better to play while enjoying the game and not expecting to profit since it will depend on your luck.
True, because the gambling result is random. Even with the games that can be played and affected by skills like blackjack and poker because we never know what will be our initial set of cards and the next card when we asked for a hit.
. If we know when to stop, we certainly can avoid that doom. 
