No matter our past experience in life, we need to accept it and move on with our lives no matter the great loss that gamble has done to us. If a gambler cannot let go of his losses after losing, it shows that he is not a matured gambler and it will affect him a lot, in the sense that he will end up in poverty and frustration. However, if a gambler can ignore his losses and move on with life, he will learn from his mistakes and use that as a reference in order for him not to make wrong decisions in life again.
This is because he was able to know how backward his gambling losses have kept him, and he will want to cover for all those days when he was busy chasing his losses due to addiction. If that gambler wants to continue gambling, it means that he must work on himself to enable him gamble in a way that he will not be addicted and will also be able to control his losses. Otherwise, he needs not to gamble anymore to avoid falling into the trap of addiction the second time.
Well said mate, holding back your gambling loses will only keep you in a circumference of regrets and wanting to get back all of your loss which will only make the gambler to experience more loss because the house is always in the wining side. No Matter how much win a gambler makes the house will definitely be on good profit than we the gamblers. However a gambler should not gamble with what they can't afford to loose in the first place so if they encounter any loss it should be within their range of tolerance, and that shouldn't cause any panic or urge to get back reinforced to chase after their losses.
House edge has all the advantages based on each betting option given, whether it is in casino games or sports betting, we still can't really exceed it.
Talking about winning, the chance of winning for gamblers can never exceed 30% and the rest belongs to the house edge which makes us gamblers suffer defeat, clearly this is gambling algorithm that cannot be denied.
But on the other hand, I agree with you that betting must be based on ability with the money we can receive if we lose it, so that whatever loss we incur will not force us to try to recover it.
One of the impacts that will become bad habit is that when gamblers suffer defeat, they cannot accept the defeat and this is where the beginning of destruction can really occur.
Using money that is acceptable to lose, having strict limits and leaving the gambling site after losing is the attitude that most gamblers must take.