I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?
Most of the gamblers always chase their losses. They try to win back what they lost in the same go inorder to break even.in this process they loose all of their bankroll in a single run.
But in reality what they should do is that they should accept defeat and call it a day, go out have a beer and then come back if they wish to gamble as this changes your mind and gives you a fresh stsrt.