Of course it does.
But it can be channeled into a positive thing.
You just have to be aware of how your thoughts and emotions affect your actions.
This is an issue of psychology and gambling, the cross between. Notice how
@jjgold mentions other ventures. It's root is based in psychology and can be applied anywhere, not just gambling.
I should do a deep dive of this topic on a video, but now my time is with the stock market, not with educating gamblers.