No. Money management has absolutely no bearing on what your odds of success will look like. What it is designed to do is ensure that you can hold onto the money you do win while limiting your losses during an unlucky streak. Plus, money management helps your funds last longer, which means more spins and more chances to win.
Casinos also offer ways to go about this. Players are typically offered deposit limits so as to keep track of how much they are actually spending. It sucks to lose, but it's worse to walk away with nothing.