Most at times some common thing may likely triggered lost in gambling which is very hard to deal with, for instance you wanna bet a game or gamble as the case maybe, you had $300 worth in BTC and you intend $50 to bet at last from your prediction you have this mindset that all the predicted matches are correct score sure to win they you would be triggered to bet $300, maybe lastly you ended up losing all. This is called "Heart of Greed, or Mind of Greed" why not bet with the little having a reserve, anyone who can conquer greed is likely to be successful in gambling or concerning about real life cases.
Lol, it can be just called being greedy. It is not being content with the profit in hand and going for another push to win more. Which often times failed and that is where chasing losses start. Due to greediness, the supposed to be a win turns into a major loss because not only the winnings are lost, the bankroll and even the one that is kept on a safe are pulled out to bet another round in hopes of recovering losses.
So for gamblers, we must tame our greediness, overcome it, and put it in a box where it won't get out.
2. Don't try to bet with your everyday life leading money which is very much needed or can't afford to lose like billing, rent, food or something like that.
Some people are so addicted to gambling to the level of selling some of their properties to gamble. Some will say if they sell their properties and they win the will purchase the one better than that but what if you lose what will happen. Let's assume you sell your house to gamble and having the mindset of buying a bigger house, if you lose what are you going to do, where are you going to stay. Let make sure we don't gamble with the amount you can't afford to lose because your winning is not assured in gambling.
What you say is absolutely true because I have seen many gamblers selling their flat luxe cars and their wife's gold jewelry and getting rich all around me. I invest in gambling sites myself but I never do it to the point where I have to gamble all by myself. Always tell my friends to control themselves from gambling sites. Those who have chosen it as a profession should always never invest in gambling side outside of it.
Not only wife jewelry, others even sell their wife just to have funds for their gambling activities. And the people who do this kind of stuff are not professionals, they are just gambling addicts.
Gambling professionals know what to do. They often have more ideas and understanding of gambling than we. So I think you don't have to worry about them. Rather give advice to newbies to gambling industry because they need it more.