Reality wise, when you start chasing your losses your control over your gambling activities got dominated by your emotions, it's a instinct inside you that push you to keep trying to recover, instead of taking the rest and quitting out from the gambling house, you'll see yourself adding additional money inside your bankroll, hoping and thinking that by luck you'll be able to make something decent or you may recover those amount.
Most of the time, the outcome always in favor of the house they manage to manipulate your emotion to keep you from that kind of thinking and let you chase your losses as they understand that emotion will lead you to failed.
Meaning that they will make more money as you keep failing from controlling yourself and you keep bringing more for them.
When you tart chasing your losses, you will lose your control in your gambling activities which can makes you lose your money. Many people already face this problems and makes them bankrupt without having a chance to recover their losses. They must stop themselves from playing gambling and take a break for a while to reduce their tension. They must saves their money and always limits themselves from playing gambling excessively to avoids the addiction.
The house will wins much money from the lose gambler and will not let gamblers gets their lost money, even if gamblers deposit more money to try to win the gambling games. Gamblers will lose more money and if they don't realize about that, they will only lose all of their money. We must prevents that big lose by always limiting our budget and times so we can used gambling for fun.
Yes it is true that the idea of controlling and limiting anything related to gambling is the right action to take as a precautionary measure, I'm not saying that you won't lose because no matter what and no matter how small it is, every gambler will still lose but maybe if you have some precautions such as putting limits and controls then the amount you lose will not be too big and will not be a big problem in your financial balance and however this is a must for all gamblers to have and implement controls and limits like this if you want to stay safe and avoid the significant adverse effects of gambling in the long run.
There are always lessons that we can learn from events and you don't have to wait for them to happen to you because there are enough examples of addicted gamblers that we can learn from and not follow their ways of gambling if you don't want the same fate as them, As you said above my friend, limiting the gambling budget in the sense of only putting the amount we can afford to lose and also limiting in terms of time so that we avoid the many temptations that can make us tempted and this is a healthy approach to gambling and is recommended for long-term safety.
Controlling and limiting anything related to gambling is a must thing that every gambler must do to prevent any problems that can occurs to them. The biggest problem is when they become addicted to gambling that will not easy to cure and needs to realize that they already addicted to gambling so they will trying to solve their problems. The preventions of the addicted to gambling can be happens if the gamblers have a realization that they already addicted to gambling and wants to solve the addiction. If not, they will only getting deeper in gambling and will not see a chance to cure the addiction.
We must takes the lessons that we gets from our experiences or others so we can prevent the worst problems that can occurs to us. We must used gambling as a fun things and not to makes money although some people can makes money but we must realizes that we will difficult to makes that money. Limiting the budgets will be the way to prevents the biggest loses and only playing gambling with the money we can afford. If we can stick to that, we will not used too much money to playing gambling because we realizes about the problems so we don't trying to playing gambling too long.
If you win big, stop playing and if you lose big also stop playing, any time that I begin to feel different than how I was feeling when I started gambling I'll stop as my emotion are beginning to control the way that I'm thinking therefore to avoid making bad decision that I'll regret later, I always stop gambling for the day and resume some other time that I'll be feeling normal and ready to enjoy the game again. Every game is different therefore we should be able to understand that.
Don't chase your loses and also don't chase your victory, anything that happens should be accepted that way and move on. To avoid chasing losing, have a budget that you'll use for gambling and when you exhaust that amount don't add more money to use in gambling but stop for that day and try again as you mightn't be having a lucky day and when you continue to chase you losses you'll keep losing.
When we can win big, that means we must stops ourselves from playing gambling immediately before our minds tells us to continue playing gambling to win more money. We needs to thinks that our winning will not comes again in the next rounds because gambling is not a place to make money. We can only used gambling to playing many gambling games and stops after we have fun and will not trying to continue playing gambling longer. We don't wants to see our emotion becomes bigger because that can caused us to spends more money.
Yes, we must not chase our loses because that can attract us to spends more money that can leads us getting more losses. We must avoids the biggest lose by always limiting the budgets and leave the casino when we wins. We don't needs to add more money by depositing the money, especially if we already lose before. We must stops from playing gambling immediately, especially if we already have fun to prevents the losses that can becomes bigger.