How many people chase losses because they don’t want to lose? Or they don’t want their money to disappear so they keep chasing losses until everything is gone.
Often trapped in a casino game that ends up losing a lot of money, but now there must be a principle when gambling you must be prepared to lose because in gambling losses are greater than wins.
That's why it's so important to determine the amount of money you are going to gamble with. You set that aside and that becomes your budget regardless of your results. If you win something with it, great. You did better than many other players. If you lose all of it, you stop because you spent all of it. Under no circumstances do you add more money to that budget trying to recover or minimize your losses. That's when you end up performing even worse than expected.
I have never believed that after someone budgets money for gambling and they exhausted it they would still go ahead to further make deposit to their account in order to go chased what they had already lost before. To me that is stupidity because I didn't see any season of going further to go such deposit to chased what they had lost, sincerely they are digging more holes for themselves because at that point they aren't with their right mindset due to the subsequent loses and it creates more avenue to lose even more than expected to win.