I say these two words are the same as never stop gambling.
chasing defeat and seeking closure are the same thing. in the end the gambler will lose continuously and get big wins that are not worth the loss after that the gambler will continue to bet increasing the bet amount to get back all his losses but that is something in vain and lose even more.
it will go on and on never finding closure and always chasing defeat.
Winning in gambling is hard so chasing losses is hard too. It can be a never-ending journey for those who have a big losses but what if they get lucky one day and hit the jackpot which makes them recover all of their losses? I think some of them are committed to stop their gambling habit and use the money on something that can provide them with consistent income like opening up a business.
Getting big wins aside from losses are better than not getting anything at all. At least it might help us to progress faster. We should only control our selves and don't over bet next time because once we lose, it will only make our journey difficult to be finished.
But one of the aftermath of chasing losses is that, it leads to addiction, and trust me, even if your reason for chasing loses is to win the jackpot, then stop gambling and go into business or something, there is also the high chance that you might never win that jackpot, or before you eventually win the jackpot, the amount of money in the jackpot wont be up to the total amount of money you've spent on gambling altogether.
The one way I know we can have rest or peace of mind in gambling is never to depend on gambling for anything, if your reason for gambling is to win big money and start up a business, why not start that business with the little you have while you keep gambling by the side?
Waiting for the big win before you start a business is a prove of un-seriousness, and there is also a chance that that big win might never come when you want it, and if it doesn't, it simply means you never would go into that business.