I consider chasing losses to be the first step towards ruin because to chase losses every gambler will definitely deposit or use more money, whereas once they start betting the losses will never stop.
This kind of behavior must be thrown away from gamblers if they want to be able to enjoy the true happiness of gambling.
There's no joy in chasing losses; it just reflects our inability to accept defeat and the desire to always come out on top. This approach doesn't involve logical thinking; it's solely based on emotional decisions, and I'd argue it's a flawed strategy unless you have an infinite amount of money.
Once you start chasing losses, your patience begins to wane, and patience is a crucial trait for maintaining discipline and safety in gambling.
When a gambler experiences loss, especially if it is a losing streak, they will be emotionally triggered so this will make them try to recover from their losses. They can easily deposit another amount of money into their gambling account to continue gambling even though that will not guarantee they can win. They know this but still do it by trying to gamble more than before so that slowly, the money they deposit will start to decrease and will eventually run out without them realizing it.
Many can't stop after experiencing another loss as a result of continuing to gamble, but that doesn't stop them from immediately quitting gambling. They still choose to deposit more money and some gamblers will increase the bet amount because, according to them, it will be a big win if they win. But again, they lost and the money ran out.