The answer is simple: because they are irresponsible. This is the only reason why such gamblers always chase their losses. This is why we are always advised to be responsible when engaging in gambling. The reason is simple: to avoid chasing losses, because in the end, it will never work, given that the percentage of losses is much higher than wins. This means that the more you try to recover your losses, the opposite will happen. This is also why many gamblers lose large amounts of money.
Let me give an example, how if someone (lets say myself) is like to gamble and like to chase losses as well but I do not force myself when trying to chase losses?
I do not spend what I can afford to lose as I stick into my money limit? Am I considered as irresponsible just because I do chase losses? Is it that simple to consider a gambler as irresponsible?
I will stand in the opposite side, chasing losses is normal and natural, it can be something bad if chasing losses is done without proper money management but it wont affect gambler negatively if it is done with a good money management.
Wow thanks buddy for the question, I will try to answer it according to my perspective, in my opinion chasing losses is identical or is one of the signs that someone is irresponsible, chasing this loss is a decision that is usually taken by someone because they cannot accept “the reality of losing” or “not sincere with the loss of their money”.
If for example the context was that you “tried gambling again after losing without any thoughts of chasing losses” then this would be a different case and you would not fall into the category of irresponsible gamblers.
Being responsible means “not disputing the outcome of previous decisions”, while chasing losses means “trying to recover something that was lost earlier”, rationally I think it's more or less like that bro.
