In fact, self-control should limit gambling time allocation and money allocation so as to reduce the tendency to lose excess money. Also, the tendency to over-competition can increase your chances of losing and bet more money than you can afford to lose. I myself allocate particular time and particular money when betting which minimizes the possibility of me losing extra money.
It is not the right choice to imitate others in betting because it can be that when we imitate them we lose in the bet and what you say is very true when we imitate others too often then there will be many losses that we will experience and also lose our confidence in betting, if only this will make us addicted to gambling then it is certainly very detrimental to us because there will be more spending money on gambling compared to meeting our needs.
When you can limit the gambling activities that you do, it will really help you keep from spending too much money on gambling and this will also be able to reduce the risk of addiction to gambling, if we bet more than we can afford when we lose then it will certainly make us very stressed and what we expect from the bet we can't get and we may have problems In terms of finances when we cannot limit the number of bets we play and set the amount of bets we can afford when we lose, of course it is very good in betting.