And imo the smartest way to gamble is to gamble what you can afford to lose, set limits, withdraw on profit and *never* go all in. Also be prepared to take losses at times, because we can't always win. And forget about your previous stats on the website you gamble. Don't chase losses. Everyday is a new day.
I'm not an expert, but I try to follow these "rules" and at times i fail on the *never go all in* part. But in the end, wether I win or lose, I go to bed as a happy man knowing I didn't lose money that I can't afford.
That is indeed true, limits always help to prevent losing a lot of money in gambling. This is a rule I've learned the hard way back when I started gambling. I would say that I also have the same problem in gambling, I can never say no to going on an all in bet. Problem is I most of the time end up losing that all in bed and just end up with nothing. But I do sleep well at nigh too, since I did not really lose much and enjoyed my gambling sessions without too much guilt.