I finally overcame last year when i concluded i cannot win and would never win.

This leads me to believe you are a very rational person @adetola and that your addiction to gambling could not be explained though the Cognitive bias model. However, the way you appear to make sense of addiction fits very withing the psychological framework, and it goes had-in-had with how the Rational Choice Model explains it :)

Thank you for taking the time to read and leave a comment!
All the best to you. I am pleased to hear you managed to overcome your gambling addiction :)