And being overconfident is also like a double edged sword that can hit you. Yes, there are experienced and exceptional gamblers but they can still experience these losses and their ego is being hit by that.
The moment that they lose control and trying to justify that they need some closure because it doesn't happen to them at most times, that's just another way to say that you won't be done until you chase your losses.
This is why with even the experience that many gamblers brag that they have, they still make loses which make everyone that is a gambler to be doing that under guesses and luck. Luck can make it looks like we are very experience and we know what we are doing as a gambler. Gambling requires so many skills but we have to know that we are humans and we are liable to make mistake whether we know or not. There is way things use to tell on gamblers to know that even with all our confidence we can still make great loses no matter who we are.
Yes, that's for real.
And how much more for those people that haven't gambled for a long time. They've got fresh feelings in gambling and when they make mistakes and losses, that's giving them the wrong notion in gambling that they should chase it until they take back.
It's unlikely when that just happened all of a sudden, that's why you said it correctly in the latter that we'll make a lot of losses, whether you're new, experienced or not.