Lets be honest here. Instinct has nothing to do with gambling. You might be in a losing streak, but then your 'instinct' says that you might win the next bet. And when you lose the bet, you have a stronger instinct that you will win the next one. But that is just an excuse or a way of convincing yourself to keep on gambling and chasing your profit. If you do end up winning the next bet, it was not because of your instinct, but it was because you just got lucky! Never rely on instinct when gambling. Instead look at the numbers and your finances.
Gambling is something that only requires skill in some games and also luck in other games, so indeed relying on instinct in gambling can be very misleading and lead us to addiction, in my opinion statistics and analysis of games and bets can actually provide a stronger basis for making wise decisions for us in gambling or betting, in my opinion, those who gamble should be able to think realistically and also have limits so that at least we are not too involved in the losses that exist due to gambling.
Mislead? Yes. Gambling addiction? Maybe.
Gambling is chance-based especially in slots and our chance of winning is very slim. Instincts on the other hand can be useful in sports betting because there will be times when an underdog player or a team could really win a fight or a game. Statistics will show a player has the upper hand but there's conditioning that could ruin the body of a player or a superstar of a team and it could result in a loss even if they are a heavy favorite.
In that moment, instinct is something that could hit a gambler and risk his money for it and I think I've experienced it too when my instinct has been correct many times although there are moments that I don't follow it which leads to losses.