From my own narrative and approach to gambling, I definitely think and understand that gambling has to entirely do with luck it doesn't matter how much strategy we follow or how we increase our stake in the hope of actually securing a win by reducing the odds and increasing your stake which most of the times actually turn out opposite of what we have planned. I have seen many cases of gambling where luck was just the base factor to the after result of the game and I have come to believe that although sometimes strategy do help abit but the major factor that is involved in gambling is basically luck.
Increasing the bet just to chase a win will not be worth the risk of losing, which we will accept, especially since we don't know what will happen in the next round. It's better to keep using the same bet or reduce the amount so that the losses can also be reduced, especially since gambling depends on luck. And when we chase luck, we will face a greater risk of losing, which can result in losing money in gambling. But if your luck comes and you only use a small bet, you can win a big win, and that has happened to several gamblers who got their luck at the right time.