~snip~
The reason why losses are been chased is because of anger.we are angry whenever we lose,and the money spent on the gambling can even make one have sleepless nights,that is why people try more to recover back the money lost already,which is very risky because it can totally turn out to be bad for you.In chasing loses,it is always two sided,it is either you will win while chasing it,that is,you may recover some of the money or all,while on the other hand,you can end up losing more of your money.
But the chances of winning back your money is always very slim,because you won't gamble with a free mind anymore,it will be out of anger,and that will cause you to lose more.
You are right that everything is fueled by anger caused by the losses we experience. We cannot accept the losses we have received, even if they are consecutive losses. It makes us emotional and want to recover the loss by depositing another amount of money to be able to get the money back. But we don't realize that recovering from those losses means we take a greater risk of losing money. We also forget that the opportunity to recover from the loss is not as big as if we suffered the loss because we could experience an even bigger loss. So we have to think about it more deeply so that we can avoid bigger losses.