If you quit that's when you lose is the loser mentality, in my opinion. So many gamblers have lost life savings before on gambling to chase losses and that is how they thought about quitting gambling. I don't recommend applying this logic since there is no guarantee the next big multiplier will save all previous losses while you can add up more on the loss side. Gambling is all about the fun and nothing else, so forget this point of view and don't chase losses.
exactly what it is. That's even the reason why some people end up using their school fees to gamble, and some even use the money they were supposed to use for another project to gamble because of that false mentality they have about gambling. The major losses in gambling arise when the gambler refuses to give up after they have already lost a Great deal. As a gambler, one is supposed to have a budget of the amount that they would want to gamble off, so that even if they experience losses, they will not chase their losses.