Why do gambling addicts often believe they can “win back” losses despite statistical odds being against them? Is it because a weak mind or lack of will power that they have these doubts ?
That is just the believe. Winning back the lost funds and chasing to get them back is the beginning of gambling addict for those who have not yet fully addicted and it is the continues way of addiction for those who have already addicted. And what causes the mindset is the pain of letting it go. When they loss, it pains them and they hope to win back their loss. And in the process of chasing the lose, they would win some few games which would gave them more morals to continue the chase and more lose will be secured.
you are right when people gamble with what they can't afford to lose it will be hard for them to let go of such amount of money. This were the mindset of chasing after losses sterm from. Gambling with money that is meant for daily need with the mindset of winning more money also leads to chasing after losses because once we lose this money the pressure of winning it back will always be there.