It is very difficult to stop playing when you lose your money. Many people think that if they continue to play they can compensate the loses and will have a chance to win.
And that’s because of the most common or number one gambler’s fallacy where gamblers believe that if they lose the current round, their chances of winning the next one increase and vice versa. So, the more they lose, the more hope they have that a win is close, or so they think.
Unfortunately, it doesn’t work that way and what those gamblers fail to understand is that, in fair games, each bet is independent of the previous one. So, you can hit a very long losing streak that can drain your entire balance.
When I was very new to gambling, this believe made me waste a whole lot of money on gambling, especially when playing games like slot and casino games, each spin I lost always gives me a feeling that I am closer to that spin through which I will win and recover every penny I've previously lost and even make some profit as well.
It was as time goes that I began realizing that indeed, every bet/spin in gambling is independent of the previous bet/spin, that is after each bet/spin, the system automatically treats your next bet/spin like it's the very first from your account, many gamblers will want to say that this is absolutely unfair but unfortunately, this is exactly the way the system is designed and there's nothing we can do about it, this is one of the settings that give casinos more advantage compared to we the gamblers.