The more we chase back our losses, the more we lose. And if we can't control our desperations and continue gambling thinking that the next bet will be our luck, that will lead to overspending and we just realized that we got empty. I have had an experience like this before but that time help me realized that we should not fall addicted to gambling because that will ruin our mindset and gambling limits. And many gamblers suffer from this situation because of wrong assumptions and thinking.
In theory, most gamblers understand this. They know that chasing back the losses isn't the right way in gambling, but they still do it because they can't control their emotion. So, this can be avoided if the gamblers have good self control and know how to calm their emotion. That's why casinos set a minimum age for the gamblers, it is one of the preventive ways to eliminate underage who still have difficulties to control emotion. However, in fact, he ability to control emotion isn't only determined by the age. It is also influenced by many factors such as educational background, habits, neighborhood or friends, and many other things. Since there are too many factors involved, even mature people also can be hard to control emotion.
Sure, if we often chase the losses, it makes us be addiction. This way leads us to spend more times and more funds in gambling. At the end of the day, it is possible that we loss everything. Addicts can't have realistic mindset, they only think about more money to spend in gambling. They always believe they can win the jackpot someday.