The connotation of “doubling down” has about a 60/40 split where 40% of the time people hear “had faith in their ideas”, and 60% of the time they hear “had lost

The connotation of “doubling down” has about a 60/40 split where 40% of the time people hear “had faith in their ideas”, and 60% of the time they hear “had lost touch with reality and chased a bad idea”. I believe it comes from the cultural impression of gamblers where some “know what they’re doing” and walk away winners but the majority will keep betting and betting while they keep losing and losing.