Emotions when gambling will certainly determine the future, even people who have limits in gambling can become addicted because the defeats they get make them upset and want to chase the losses they have experienced. It is not wrong to chase the losses they have experienced, but it is unlikely that chasing losses will result in a big win. So at times like this they have lost self-control so that nothing can stop them from chasing losses.
Yes, it's true that there's nothing wrong with chasing losses and OP succeeded in getting them, but keep in mind that there is only a 1% chance of getting money back from previous losses, so don't think that OP succeeded, other people might also succeed, this is a ridiculous and risky method. Of course, people have to stop limiting themselves after experiencing defeat without having to chase defeat.
Some gamblers think that luck doesn't always first but sometimes it comes later which gives them hope and continues to gamble. Luckily, OP had it 1% chance of getting back his losses but can't be sure that it will happen the next time. What if our luck never comes that day, pretty sure we end up empty and regrets which is why it is not advisable to do this unless you have millions and don't care about money.
Perhaps, it was very important to know our limitations, and if that 1% chance it right, then no way we could think about getting back our money.
They need to know that it might came late or come first so that they will be aware that nothing will came up base on their expectation since gambling result is random. That's why they need to figure out that bad luck is starting to happen so that they can decide to end up their games so no further huge damage will occur to them. Also same us when they are lucky they need to know on when to quit so that it can help them set up some threshold so they will not experience any chasing situation especially when they are starting to lose.
Its just people need to set up some strategy regarding on their gambling habits so that they could have realistic approach towards certain situations they encounter and I'm sure thru years of experience they can develop their own and became a better gambler which mindset is not to chase anything impossible to think.