- When self-control is used correctly, it will followed by self-limitation, therefore losses can be avoided. Because most of the time gambler cannot get rid of the words "I will bet again because I feel that this time I will be right and I will recover my loss" these kinds of thoughts are what drives them that they don't realize they are getting loss continously without noticing it.
Then in the end they will say that "I should have stopped betting earlier so I wouldn't have led to a big loss" their regret its too too late.
Thoughts like that can trap gamblers to keep betting because they think this one round will be the last time they gamble and will stop after that. Even though this is not the case because most of them will continue to say things like that because they think one last round will recover their losses. And what's even worse, many of them immediately place bets with big money so that the losses will be even bigger when they lose.
After that loss, they said they were sorry but oddly enough, they didn't realize it the next day when they gambled again. And that caused them to experience another defeat that could be even bigger.
Indeed, the person you've been conversing with has presented an astute observation of human behavior in relation to gambling. Betting is analogous to a moth being drawn to a flame. Despite the inevitable harm, it is irresistibly lured by the prospect of light.
The psychological trap of "just one more bet" is a potent one. It's akin to the infamous paradox of Achilles and the tortoise. Despite all logical indicators suggesting otherwise, gamblers believe they can catch up with their losses.
The subsequent regret is a fundamental aspect of the human condition. We often fail to act in our best interests, leading to remorse, which unfortunately is short-lived. It's somewhat similar to the phenomenon of cognitive dissonance.