Personally, I don't believe that those gamblers who are always gambling despite consecutive their losses, are not chasing their losses because if they win back their losses, they wouldn't stop gambling forever. Instead, they'll start thinking of winning big, which becomes a trap to gamblers in order for them to continue playing irrespective of their losses. A gambler that wouldn't let go of his losses, is gambling for profit.
The great tragedy for a gambler is, "He wins once, loses again and again!" And these one or two wins are a trap to ruin their lives. A gambler must be very practical. He must have a lot of common sense and be careful around him. And he cannot be tempted by greed. Greed is the main reason for the destruction of a gambler. So a gambler must be very practical.
We call that early traps from casino to gambler, most especially on in house games, the casino allow the players to win a few games and then after hit them with the heavy stroke, winning a small amount at first time is Sweet and a tempting start to continue gambling, but for wise gamblers, what is needed at that point is to lower your wagering amount in a bit to secure your longer playing time, so even when you lose a few vet along the line the impact of your finances won't be that much, and if the casino hand you out some winning you take them with good faith and in the end it's a win win so long as you walk away with something regardless of how small it may be.