Gambling should be done with caution, it's not bad to continue gambling when we are losing out, but the game should be limited and get stopped the moment we had set to stop gambling. No gambler that exceeds his gambling time, that'll get back home happy. As he'd lose out all his funds in the process. Hence, while chasing loss, it should be limited. That's till responsible gambling. It's only irresponsible when the gambler doesn't stop at a given time. The limitations could be on time or funds. Players should develop the need to stop playing the moment their designated amount for gambling has been exhausted. But moving ahead to deposit more money to gamble again isn't right. That's a sign of addiction. A gambler should be contented with what he's got, not to get passed it. They'll be no fun losing out all our funds in one session. It's painful and would leave the gambler worried for some days, which is a new stage of anxiety. That's not worth the stress, when we have the control to stop playing earlier when things have not gotten out of hand. However, some gamblers still lack the orientation to follow good and responsible ethics.
When a gambler gamble with a huge amount thereby exceeding his limit all in the name of catching up with his previous loss, he is likely to walk of the casino with nothing left for him to take home. When a gambler experiences loss after using a huge amount to play gamble, that only means that his intention towards gambling at that moment has changed from catching fun to making a win that could make up for his losses. Those who make such mistake in gambling would definitely miss out the experience of having fun. In my opinion, I believe when you gamble with small amount of money that could increase your duration of gambling while you are not even spending much to while away some time and catch some fun.
Well said, the fun in gambling is gambling is gone the moment a gambling starts chasing his loss. Gambling shouldn't be seen as a competition between you and the bookies. When you see gambling as a competition, you will chase your loss because within you, you what to win the bookies. One bitter truth about gambling is that if you chase your loss, you will lose the more since no one chases lose with the right frame of mind. Gambling shouldn't be since as a marathon race where you keep running to get a price even when you are exhausted rather it should give the feeling you get when you are in a cinema. In a cinema, when you feel sleepy you easily take a nap and you don't force yourself to keep watching.
Personal experience shows that people who chase loss don't always win and they go as far as borrowing or selling properties to keep up the chase. But to me, it is not worth it. Well, I don't expect otherwise from a gambler who wants to get rich through gambling. My advise for such gambler is that gamble with ease and you will win when you least expect.