My dad once told me that when he visited Vegas he tried out gambling; he won $20, decided to push it a bit, and ended up losing $60. He felt terrible about it and never tried it again. How do people get hooked if there’s so much you can lose?
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In that situation your dad could’ve handled the loss of $60 in one of 2 ways.
Do what he did, and cut his loses. Accept that $60 as gone, and walk away.
Or
See losing that $60 as a minor setback on his way to winning big. All he needs to do is stake $70 on red and he’s back in the profit. And if he loses that $70, he can stake $150 the next round until he’s back on top.
Source: I worked in a betting shop and watched people chasing their rent money back
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