When the goal is to win, one can risk as much as possible or follow the strategy of the loser’s game and reduce the risks taken in an effort to win.

Reducing the risks taken with the aim not to lose is a different game.

In that case, staying in the game is what the participants aim for. Their ambition is to remain a member of the group of participants.

It’s important to distinguish both to understand the rules of the game as it is being played.