I think many of them known or have an idea on how much they're going to lose but they just turn their eyes blind when they're already losing.
Ego is hard to beat and recovering is much easier to think of than accepting the big losses that someone might have.
Those that can't track their losses or don't really track at all, many gamblers do that. They're having hard time in figuring out how much budget they will do to gamble.
That's when they go too far because at this rate they cannot stop themselves anymore when they use the money they aren't supposed to. Others are moderate when it comes to their gaming and that can also lead to addiction for others especially if they develop hyper-excitement when they are playing this happens to lots of people when they have lots of buddies who often play with them because it's not a matter of habit anymore, it becomes a matter of prestige and merit on who will gonna win big and they compete with that without taking precautions of the consequences in their future.
When one who isn't focused at locating or targeting his punch is fighting, he's actually blowing the air. Such people usually losses the fight. Because they've got no target and don't have a strategy to win the game. That's why gamblers who chase losses are mainly top losers. As it's not a planned act. Most of the practitioners of the method do not execute it on purpose. I'd say it's an impulse that drags them like gravity to do those things. Gambling requires planning and sticking to those plans, if preferably cheap or economical. Staying active in our ways of wagering money and devising other method if not satisfied with the results we are getting from our previous or current strategy. Chasing on those lost money is more like going after air. Not being able to know where your moves or launches are headed. Such gamblers are not encouraged to continue repeating same strategy over and over, especially when it doesn't work as expected. The fun of gambling should be crafting out great ideas and methods.
Gamblers who chase losses typically lose sight of the game's essence. Its about process, learning, and fun, not simply money. I've always thought the best gamblers treat it like an art. They study, adapt, and know when to retreat. This thoughtful method separates wheat from chaff.
Chat about fun. Never underestimate the fun of gambling. Creating strategies, trying new methods, and enjoying a well-played hand make it enjoyable. Reassess when it stops being fun. Gambling should be exploratory, not relentless. This is smart, fun gambling.