And the easiest way to avoid this mindset is to avoid betting too much money from the beginning, this way if things do not go your way and you start to lose, the losses you will suffer will be small and there will be no need for you to chase your losses, as you know very well that you will have the funds to pay for all the things you need in order to keep your home running as it should, however something so simple is beyond most people and they only realize this once they have suffered massive losses.
Or rather, have/carry a set amount that is to be spent in the casino before leaving your home. With a little discipline, you’ll pack up and head home when you’ve burnt through the set amount of money designated for gambling. That could help a little to resist the urge to continue playing with hopes of winning all the money lost earlier.
Perhaps it’s only when a huge portion of your total money is completely exhausted, that’s when realization sets in about how much has been spent.
Because those things will give you the idea to chase the losses by using them as collateral to get a loan from loan sharks that are hiding in the shadows if it's in a physical casino. They will always be there.
Like what they always say, only gamble what you can afford to lose and I think the budget that we will bring is the only money that we should lose then we could go back home without much regret about it. At least that way we could still sleep sound and then just go back another day with the same plan.
It's not like the casino is going away, they will always be there just waiting for their customers and there will always be another where maybe we will get lucky and claim back all that was lost.