Most gamblers do not know the effect, especially if they have already been gambling for a long time. What they can feel is only enjoying the game and that makes them hard to stop the game. If they continue playing gambling without realizing how much money they already use, that will be only a matter of time for them to lose more money. The risk behind gambling will be bigger, and most gamblers still do not care about that instead of continuing to play gambling. They will realize the risk when they lose all of their money, but that will be too late for them.
I don't think so. For experienced gamblers, they're or we're aware of what we're doing. The excuse of enjoying is just to avoid the pain when we're losing and that's a good argument if you're doing that strategy but I doubt that experienced ones don't know of the effect.
I am not sure about that, but um maybe they aware of the risk or the effect. But when we play for some time, we can forget that we really enjoy playing that game. The feeling of enjoyment will interfere with us and we will feel hard to stop and in the end, we will lack control in gambling. I think that is happening to many gamblers out there. Maybe that is the fate for us to have lost in the gambling game.