I totally agree, loss aversion are in different forms, one is being too hesitant. People use the delay tactic out of hesitation to avoid losses and when they finally decide to stake on a particular round they end up losing. Just like you said gamblers chase their losses as a way to avert losses only to end up losing more money. Losing doesn't come with a good feeling and sometimes coming to terms with reality after losing is quite difficult, this is why a lot of gamblers try to chase what they have already lost by gambling more, once you are trapped in this loop losing is inevitable.