Chasing losses is a regular occurrence that happened with most gamblers, I also experienced it when I was a binary option trader it's a gambler nightmare and indeed a very bad habit at that point most gamblers can't control their emotions, however now personally I funded my account with the amount of money I can afford to lose out of my monthly income and once that fund has been expended that is the end for that month, though later I was able to control that habit unfortunately it has dealt a big blow to me on several occasions, now once I pick my accumulated bets and stake with a small amount of money I wouldn't bother again whether lose or gain.
It can take a person a few tries before they get it right and they may chase their losses a few times before they learn their lesson, but this is a lesson that most gamblers eventually learn as it is such a common mistake, however there are a few gamblers out there that never learn their lesson and despite losing several times in a row they decide to keep gambling hoping for one day to recover the money they have lost, and unfortunately for them that day most likely will never come.
Yes, I don't think that gamblers didn't know this, however, it's the risk that we take though, it's like go big or go home attitude, YOLO. So maybe there are some gamblers here who will go and chase their losses in hoping that they can still make it break even at the end of their session or even won some money. But in any case, they chase and lost then it's going to be a problem. You might be affected mentally and physically, I mean there will be times that you are thinking that you should have quit when you still have some money or you chase and then get it back. But then again, it's really hard to control our emotions if we are in that kind of situation, your mind is thinking possible things that might happen and then you give in to the desire of wanting to make a comeback win.
, knowing that by adding money to your balance will give you a chance to recover your losses, though most of the time the outcome is not on the gamblers favor and it affects them hard, especially if that additional money that you deposited is intended for other important things and you lost it in gambling, regrets is all the way and it can take some days or more before you can move forward and start forgetting such mistakes.
That is it, it will be really hard since you've already concurred with it. You are right on what you pointed to but just expressing the state of mind of addicts, that mindset that "it is hard" will keep them entangled in the web of addiction, but would be set free the moment they have the change of mind.
Addiction is a mind issue and it could either be hard or easy to let go only by the person involved, which is why psychologists, psychiatrists, therapists etc. like to play mind games or deliverance and try to penetrate into the minds of people in order to be able to correct what is wrong. But all these wouldn't have been necessary if the person is first willing, and the moment this happens, the rest will be a simple work-over. This, I've seen in practice at the same time, only that you would help yourself further by giving it a long-term break to be well cured. I've seen a friend who smoked and drank alcohol excessively and was very addicted to it for over 25 years but vowed that the day he saw his first child would be the day he would stop smoking and reduce drinking to the barest minimum. Like a play, over 10 years have passed and this guy is yet to burn a cigarette stick and you will be begging him to even finish a bottle of beer. That's willpower, everyone fighting addiction should have this, that determination alone will go a long way to set them free.
This is also applicable to betting, and if well experienced, that time you are losing more is the time you need more break, if not, you would lose more and who's to be blamed if not you? In any consistent losing situations gamblers should not think anymore, they should just stop and fight whatever mind-spirits would advocate gambling more, even within weeks. This was what I did when I was addicted to lotto in 2013 and I must even say that it was easy to overcome it naturally. I have a strong mind, and I believe everyone has it too, only that most do not nurture it.