The simple fact is that if we lose a large amount of money, we will be very upset and losing a certain amount can also upset us, but not much, because we already have bad emotions. In fact, it makes absolutely no difference to us whether we lose 10k or 15k. But if we can win back or at least get a small plus, then our emotions will change dramatically. This is exactly why many are trying to win back, but at the same time they are putting themselves in an even bigger hole, losing again and again. There is no need to chase it, because if you don’t know how to stop in time, the outcome will be obvious.
Though chasing of loss can also be used to catch some because, if the gambler eventually gets lucky that day and start wining like 10x strike, he might start boosting that he has collected some of his passed lost, but he if keep playing and the table turn around, it only takes discipline for him not to exceed his limit for that sitting. Sometimes he major problem many gambler face is that fact that they use money that was supposed to be used for another thing to gamble.