Chasing your losses could be the biggest reason why people end up in a loss. I have seen one guy who turned his 300k into 6 million dollars and then reached negative 600k. This was in another casino, it was a big deal in the forum as well and we talked about it on that places topic for a long time, dude was a person who made a lot of money from crypto and who was an early bird so he was capable of affording it that much but that was still insane.

He could have considered something like "I am starting with 300k, if I reach 100k I will stop, if I reach 1 million dollars and above then whenever I drop to 1 million again I will stop" that way he would either have 200k loss and stop right away, but if he won (which he did) then whatever amount he won, he would be able to lose it until he had 1 million and that would be a bit over 3x profit and could get out. Instead dude got out with 900k loss total (300k initial and 600k on top of it).