Bitcoin Forum

do you registerhow much you separate for gambling?
do you see it as an investment?

if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?

I used to do it on a monthly basis, I don't keep track of anything now.
Based on my salary I would put aside a fixed amount when I desired some action. That was always the maximum money I would gamble with. I kept to this rule and didn't break it. At the end of the month I either have more, less, or nothing left so it is easy to keep track of my winnings and losses.   

I don't think I can recall how many times I've used Excel for the stupidest things. I think I still have some dice game method calculus spreadsheets somewhere on my PC - I used to create automated formulas to tell me, based on some inputs, how many bets are needed to be placed until I bust with my balance.

It was more fun than an investment. I used to play all day long - big ex-addict here. I usually played with faucets out of boredom while chatting with others on the casino and, whenever I felt lucky, I would've deposited and played my chances. :D The deposits were usually small amounts I would've paid for a meal or a drink. IIRC there was only one point I have deposited my ENTIRE Bitcoin balance and played it. Besides that, non-significant amounts.

Physical notebooks? I think that's too much of a headache and the calculus can go wrong at any time.. much faster to go for Excel formulas.

Well, I only gamble if I have extra money to gamble but if I don't have, I won't gamble. That is the reason why I have heard a thousand times here in the gambling section saying that, [only gamble of what you can afford to lose]. Dont ever think that it is an investment because this is very risky on your part, again, gambling is not for aiming money, it is for a fun activity.

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I gambled so many times and I also experienced losses but I don't have a plan to track them all because perhaps it makes my head blown knowing that I have lost a lot of money which is the fact when you are a gambler. Indeed, if you thread this to have fun, tracking is not necessary.

There is a notebook that I follow this work. I write how much money I put on one side and how much money I made on the other. While doing this, I definitely write the value of that day as BTC and ETH. There is a critical rate for me in this process: 50%

If my earnings have exceeded 50% of the main currency, I will definitely attract it to my wallet. If my loss reaches 50%, I definitely take a few weeks break.

Keeping track of our gambling spendigs weren't a big deal. These days we've got lots and lots of applications that make our daily spending calculations easier. Also there are few applications that reminds us when our spending go beyond the limit that we've set to spend on specific things. It can be of entertainment, gambling or anything else.

Some use spreadsheet for calculations of spendigs as well as for the earning made. This too is an user friendly way for which we need some knowledge about spreadsheets.

No, I do not separate a determined fund for gambling, I gamble when I feel like, which is not that much, and only put in spare cash available at the time.
Partially, it is a sort of investment in the sense that, you put in your wager (capital) and hope to get return on your investment. But it is mostly based on luck, so I can't qualify it with other investment ventures.
I don't really. I sometimes keep a log of receipts I get from gambling centers, both off/online. But only hold onto this for a short period of time, probably cause I gamble intermittently.

I keep some sort of data.I set apart a monthly bankroll for gambling and divide it in different amounts,how much goes to sport betting and how much for sport betting.I keep track only of the final bankroll in the end of the month and almost always I end up with 0 money because I usually lose everything.The few months who I see green I see how much I have won and I also keep track of the slot I won it or sport bets that I have won.

I don't see gambling as an investment but I am seeing it as an way of havig fun or enjoyment because in gambling sometimes for those who are rich already they are just seeking fun over gambling and no matter what happens after the game they are happy although they may lose or what. Gambling is a platform in which you can earn profit but this is also a platform for those people who is having a difficulty when it comes to dealing with hard people.

I used to do it back then when I would gamble as a source of income. It was so nerve wrecking seeing the losses I would sometimes make but right now I do gamble majorly for the purposes of fun or entertainment with my spare money so there is no need of me creating records anymore.

In fact I don't but that is because I don't gamble for large sums. I use extra money from my income that I will not miss, these arw not the sane sums all the time but I don't need some records.
Otherwise I think that it's good for large players to have evidence how much they put in game, win and loose. Sometimes when you see the sum of money that went into gambling you'll know if you spend too much and if that is leading you to the wrong way.

-No
-No, gambling is never been an investment unless if you invested money with the house itself.
-Tracking is just a bad idea because this thing will just trigger out bad things likes chasing losses and get stressed out because you've lost too much.
Gambling is for entertainment and if you do list things up on how much you do spend then you are seeing gambling on a different thing which is bad.

Who loves tracking out winnings or losses in gambling? That'll only create a stress on your edge.
What's more important is that you didn't become broke af. Most of the gambler around here has not been recording anything from the very beginning they gamble. Take it as an extra reward/income when you win when gambling or a toll for having a pleasure when you lose.
Nevertheless, when you are a responsible gambler, you know It's just an excess money out from your household budget.

So far, I didn't track my gambling activities but just limit how much funds to use monthly. I think it is not really needed to do (tracking) because playing gambling isn't something to expect much about the results (prizes/earning money). I mostly played gambling for fun or just try attempts without any serious goals. So, I don't think I need spreadsheets or notebooks to track it. In addition, you mustn't think it is an investment since you won't get regular income from gambling. No one can win regularly and at every attempt, also you can't predict when you get the prizes. It is strong reason to not consider gambling as an investment.

Not necessarily but I can consider.

And definitely NO, I don't treat my gambling activity as an investment even without a doubt, already earn and lose a decent amount of money since I started doing gambling even prior to the existence of crypto. Funds meant for gambling have its own allocation so win or lose it won't affect my daily spendings. I just need to make sure that I will win every bet.

If ever I will track it, spreadsheets or just a piece of paper is enough. But as I said, not necessary.

I don't track my gambling and if I did I would likely to use spreadsheet if online and notebook  if I want the record to be physically written. Tracking your gambling history could give a negative impact like getting more addicted to gambling to recover the lose funds which gonna lose again.

I don't list all of the deposits i've done from different casinos I feel like it's too much effort since you have to update it constantly. I slightly see it as an investment since you could always withdraw if you win but at the same time I don't take it too seriously since I always expect my deposits to lose. I somewhat track mine by just remembering the starting bankroll or do a small recap of all the bets i've made for the day.

How can someone think gambling is a kind of investment? Does it guarantee you profits or the amount of money?
I never see it as an investment, gambling is a game and the prize is just a bonus. I suggest everybody to not rely on gambling for the future dream. You are better to put your money on Bitcoin or other potential coins.

Maybe I will consider to use it someday. For now, I never use any physical notebooks or simples spreadsheets to track gambling. I don't gamble regularly, just play gambling when I have time. At least, it is not necessary to use now because I am still not a professional gambler and haven't much time to gamble.

I'm not tracking my gambling bet history as I only focus on my winnings. But it doesn't mean I don't care.

Listing those are fine but I don't see how important it is. Those losing will just affect my future strategy and will bring me down.

But if ever I like to look on my past bets for maybe calculating how much I won or lose, as long as the sports betting sites remained active, I can check my betting history at any time.

No.
No.
I dont have to look at it as some investment because if I do, I want become broke already. Maybe a few gamblers put their bets on spreadsheets to track their wins and losses. That probably someone who made gambling as his main living.

Accounting. Isn't that quite simple? Well, that is if prior to gambling you actually do list all of your expenses and the like. I like to keep everything organized and everything planned, down to the last detail so I always take not of every expense that I made during the entire day as well as profits made. I have a little notebook where almost one page is for one whole day only (depends on the number of changes that happened), and I basically list everything there. Payments made, expenses made ( and for what purpose ) profits made and where they actually came from. I tried using spreadsheets but it didn't' really stick to me so I went back to writing it in my little notebook.

Tracking your loses will only give you a headache but if you are going to use it as your basis to quit your gambling addiction someday then it is good to create a spreadsheet or any form that you are comfortable with. In my situation, one of the game that I play have the statistics that will give you the details on how much you have win/loss within a day,week,bi-monthly,monthly and yearly so I can say that I also saw how much money that I already loss to that game.

I didn't consider it as my investment so I don't mind whether how much I loss in every time I gamble as I always put a limit when I gamble and when I hit my limit then I stop immediately.

Keeping a track of your expenses is always a good idea but you cannot call it as an investment. It is an expense wherein you lose more and gain less.

It is always a good idea to keep a track of the amount you have spent in gambling. I do not do it as I am not into gambling full time. I gamble once or twice in a month and now days I do not feel  like doing it because of the present situation.

Talk about differences, this guy was totally different among the other gamblers out there. I see him as an exceptional one, betting his whole life in it. Here's his thread:  [AMA] The Life of a Professional Gambler (https://bitcointalk.org/index.php?topic=5221092.0). Try to look on his point of view about gambling, I bet you'll see him as an exceptional one either. I never thought that there were such thing as professional gambler till I see his thread. Don't get me wrong, I don't suggest to rely on gambling, either. It is just that there were amazing people like him who see gambling in different way, I never thought someone would.

Whenever I have spare from my salary I set them as for my miscellaneous activities for partying, going out on weekends, drinking, or even gambling. So, I don't have any amount specifically set aside for gambling. I don't keep track of how much I have spent on gambling because my aim is to enjoy and relieve stress if I would list down all off the amount I have lost I might feel disappointed.

Can anyone recommend any good gambling tracking app (paid or free) for Android or PC? I used one about 3 years ago, but I forget what it's called, and is it even active anymore...

I do keep funds separate for gambling, but i do not keep track of everything. It's just a waste of time to track how much you win and how much you lose ( Also i know very well that i lose more than i win  :P ).
I play gambling for fun with less funds so i don't care to keep track for it.

I often use spreadsheets as well as it can easily visualize the current holdings I have in gambloing platforms I use and prefer. Tracking it wasn't difficult if you would log each and every bets and transactions you made so in the mean time or in your spare time you can analyze where did you lose and how did you won. Gambling doesn't require tracks ifyou are just focused on a single platform or a single gambling medium.

I understand that you are questioning about how much money people here are allocating for gambling purposes and spending money for gambling is an investment for a fee for entertainment? I never have a budget for gambling anymore as I have already lost big money in gambling. From my own experience, gambling should not be considered as an investment opportunity hence expecting a return for the money you gamble with, will definitely lead further big losses as you may start chasing your losses if you consider entire gambling as an income stream.

When I was an intensive gambler I do track my all gambling activities with a spreadsheet. Because, I gambled at least 5 different gambling houses at a time with different strategies; to keep track of my bankroll and strategies, I needed some references and from that I developed the habit of tracking them with a sheet.

But, I suggest everyone NOT to go in gambling into a level where you need a spreadsheet to keep your records. Just gamble with your least affordable money and then forget it regardless of you make profits or not. Again start as a new gambler with fresh mindset yet with least money and enjoy your gambling and leave it for some time and then repeat!

I am doing it in the past and I think it is not working for me but hear me out first.

I just gamble online for fun and I don't really need to keep tracks on a spreadsheet, all I do is to look in the histories of bets I did on that day. As I said, I am gambling for fun, I don't usually use fiat to gamble unless I am gambling in casinos. I am not addicted so I don't really need it. If you want to check yourself every time that you are gambling, better do a spreadsheet of it or keep track of the histories of your bets.

The main site I gamble on, which is Yolodice, already has a detailed stats page and let's you download your roll history. I look at my stats each day to see how well I am doing and download my history every few weeks for my personal reference.

Nope. Even when the time I was gambling, I don't register it. I just get a portion of my BTC and deposit it on the gambling site.

Base on Google (https://www.google.com/search?q=what+is+an+investment&oq=what+is+an+investment&aqs=chrome..69i57.2736j0j1&sourceid=chrome&{google:instantExtendedEnabledParameter}ie=UTF-8), the definition of an investment is "the action or process of investing money for profit or material result."

Base on the definition itself, you can determine if gambling is an investment already or not. We invest money in gambling so that we can get a profit right? So gambling = investment.

No tracking, no spreadsheets, no notebooks, no nothing :D.

I guess keeping track of ones bettings could actually help people avoid the addictions, betting without being profitable and betting with amount they can't afford to lose.
By the way, I thought online casinos keep these records for bettors? They could be useful for addicts and those without profitability in mind.

Yes. I use google spreadsheet to track my gambling. There are a couple of strategy that I have placed into set which goes as a rule. And there are few more things I'm experimenting with. I think I have no difference between investment and gambling as almost all of my crypto coins has gone into one sort of gambling or other and I dream of generating a steady profit from gambling in future.

I have started with just a note in order to find where I am going with this gambling and to see if I am gaining. But I'd find out that it seems not a useful thing do in my part because I am just a casual gambler and I only have to gamble when I feel stress or when I have free time. I don't know if the majority of the gamblers will do like this, having a list of their losses could something to tell you that gambling isn't an investment nor you can make money from it. 

how did it work out on having gambling as a source of income?
could you have a stable payment every week/month or it varied a lot?

and what were the games you played?

I keep track ang make a spreadsheet for my investment and I don't consider gambling as an investment. I only keep track on how much money I have started to gamble with in the beginning of the game just to see how much I lost or win after playing.

thats why i see no good reason why we need to keep track of our Gambling expenses when we already know that more on losing than the wins.

i remember for a week back then i tried to track my losses and what gives me?frustration and regrets when the truth is i just wanna gamble for fun and not for the profit.

but of course i i win?i will be happy and may enjoy more things in weekends.

I do track my losses and winnings in order to make adjustments. If I would observe that I am being too far from my 'limits' every week, I will assure changes that would benefit me on not having bigger losses. I do want to track in which games I do lose more and to where I am earning but there are only few games in which I will engage myself with so I just focus the tracking with the profit or losses in accordance with the limits that I mentioned. The limits I am referring to are the amount of money I am using in gambling both in daily and weekly basis. This enhance my self-control and also, helps me to avoid gambling addiction in such way.
Maybe he earned huge money from gambling for him to say that gambling is his source of income which is not applicable to all gambler. Not all gamblers are lucky enough to win continuously or more often to most of the gamblers. It is only determined by one's fate and this thing is not advisable. Gambling should just be a source of enjoyment or leisure and not a source of income.

Yes, I always try to record how much money I used for gamblimg.

I don't see it as an investment since there is no guarantee that I will win every time I play. The way how I track the money I used for gambling is simply I record it on an excel file including the date, its value and whether if I win or not.

I do it but in a very simple way, I mean I do not do a specific calculation on every time I do gamble but I just do something like an estimation on how much I win and lose. Once I reach my own limit on both winning and losing then I'll stop for a while then I'll come back after several days or even weeks depends on my own financial condition.

I think to track the history of gambling only a few websites that provide that function, or maybe it can use a record of the advantages and disadvantages when you gamble and need to remember that all the settings or strategies you use cannot be the same as before so no one can provide profit or loss guarantee.

I don't keep a record or a spreadsheet or anything now, I don't even look at my betting history, it will just depress me, I'm not very good at gambling so I cannot treat it as an investment and people should not also treat it if you are just an average gambler and you are not a high roller, with huge funds to challenge the house edge.

Most of the gambling sites show your bets history, so you can easily track it, but for me, I make my own spreadsheet so I can easily access it and I can put some analysis, I'm talking about games in sports since for sports bettors, it's necessary that we are aware of our standing to determine our profitability rate and if its necessary to adjust.

For sports betting then its understandable but for other games just luck-based ones then its totally useless to wrote up everything.
Yes, we can see bets history but its totally different when you do look at directly on a spreadsheet.I've tried for a while when it comes
to tallying up my wins and loss in sports betting because its always been part when it comes to make calculations on how much you gonna
bet on a particular game or in short its a part of risk management this is why tracking your bets would be important (for sports only).

I don't usually allocate money for gambling since I don't often gamble for the last few months. I will only gamble if I have extra money, and I feel like playing. So my gambling depends on the money I have, and there's no fixed amount. When I gamble, I don't record it since I don't gamble that much. Aside from being lazy, if I would keep a record, I feel like I might get frustrated seeing the track of my losses. So for me, the recording is not my thing.

Gambling is far from investment. Although they both have risk, gambling is a short term risk and reward, while investment is for the long term period. Gambling is playing and luck but in investment, it's a more serious case because it involves a bigger amount of money. Luck won't give you profit on investment, you need to be smart.

Never really though gambling as an investment but if you can afford some money for gambling then allocate fraction of funds for it from your paycheck and for not messing up with total saving create a separate wallet for gambling purpose and move bitcoin from here to gambling sites whenever you wanted to play.

Excel sheets might be useful to trace your winnings with simple formula or you can simply use the bet history on the gambling sites itself.

You keep track as you would any other expense by making a budget, learning how to make a budget may seem difficult at first but once you learn how to do it you will have no problem keeping track of your expenses, this can be very advantageous when it comes to gambling because if you happen to spend all your allocated budget for that week or month your budget will tell you to stop gambling, and if you do, you will soon notice that you have more money available for other things like trading or investing.

Tracking your money is not important if you are in gambling just for fun not for chasing money. That is also may consume too much time and I think no one gamblers will do that stuff. Another reason maybe it will be blown your mind knowing that you have already a huge loss in gambling. For me, it is okay not to know how much my losses in gambling at least I am confident that I can afford my losses.

^ Definitely right as of me but different people have a different way of tracking their money and I will not blame them by that because we had our own perspective way of handling or budgeting our fund. Keeping track of what you have been spent in gambling is not bad, but it's up to you if you are willing to spend your time on this. Nevertheless, probably this is good for yearly audit but I won't agree if this is daily.

Difficult if you keep noting everything.

I do bets in sports with cryptocurrencies and I don't note every single one.
Prices of it change so it won't matter.
You will just feel more regret if you sum up everything that you will lose.
With parlays you could lose a lot and that will hurt if you have already gambled a lot of money in it.
Perhaps those who use USD to bet will make something like a spreadsheet.

I don't recommend keeping a long record but a daily one is ok so you can track when to stop or better allocate a specific amount and don't add more, or it will become a habit that will make it hard to defeat, a long record is not good because you will see your total losses and you will be disappointed when you know that you can already buy a big bike if you save what you spend in gambling.

I'm just tracking how much I spend on gambling per month. That is also quite easy for me, I have given myself a budget for it, which is more like pocket money for a junior high school student ;) If this money is used up, I do not continue to play with it. But it is usually so much that I still have a few crumbs of BTC in the game accounts at the end of the month, of course, also depends heavily on how lucky I am when I play.

However, I am currently considering investing the money in solo mining, which is basically comparable to lottery or gambling. However, pocket money would no longer be enough for that, so I have some doubts ...

First and foremost, it is wrong to have it in mind or correlate gambling as an investment, it increases your drive and pushes you towards addiction.

Secondly, i always have a budget for betting, and i do not go beyond that, except i win consecutively.
Winning brings and unimaginative  joy and excitement.

I don't keep spreadsheets, it can cause depression if you witness a losing streak in gambling.

There is a history of all your losses and wins in every game you are doing. So that you may see if you are progressing or you have always losing. Just keep on tracking so that you may change your way if ever you continue to lose. Then if your strategy is effective then keep it up. But always remember to control and manage all your assets.

 seperate ? you mean the deposit or the allocated funds intended only for gambling  ? no i havent try to do that because i dont like gambling my real funds or the funds that came from my hardwork ( salary from my job ) .

  i can only gamble money that my friends give me or the money that i earn online ( sideline )  . in that way no hard feeling when i lost it all    .  no regrets because i can still eat and provide the needs of my family   . i dont see gambling as investment but as long as you bet or put any amount , that is simillar to investing right   ?

Uhmn,not really. I don't do records and I don't consider this as an investment. I usually look at it as a past time only. Playing while having fun, that's it.
 
 
 When we register in a gambling site, you can simply look at your own profile with your own statistics so you may know how much is your profit or losses already. That's how I track my gambling status and not by spreadsheets or other way.

Rather than viewing it in history, it is better if you will write it in a spreedsheet or in a notebook in order for you to jounal it. I like journalizing not only in trading but also in gambling. There are many advantages that we can get if we do journalizing. It helps us to identify our strength and weaknesses and able for to assess our selves. We can identify the strategies that have higher winning rate in order for us to make money in the market.

Everytime I gamble im using a spare money that left after budgeting our monthly expenses, I dont allocate an specific amount just to use for gambling since I rarely play.

Its not an investment for me because if you gamble there's no assurance if you can double your money or lose it.

Its very risky and should not be treated to earn decent amount because gambling is more on luck.

Seperating money in your needs is good because the is your primary priority that gambling but seperating a money needs to be bigger than the money you spend to the gambling.

Gambling is not really investment because anytime that money will have chance to gone once you lose in betting your money the investment too is risky but gambling is have a lot of risk.

Gambling is mostly luck but we can decrease the risk of losing money by using your skills and strategy to increasing probability of winning too.

I don't have a specific amount that I will use for playing gambling, but if I want to gamble, I will send some money, for example, $10-$20, and it could stay in my account for at least 3-5 days. Perhaps, I only use $40 monthly, but it could be less if I don't visit a gambling site because gambling is another way for me to enjoy my free time. I don't see it as an investment because gambling can make us lose the money, and the chance to lose will be big than to win the money. But I already used some money as the investment, and yes, that was made some money for me.

I don't track my gambling because, as I said before, gambling is not my way of making money, and I gamble to have fun and enjoy my free time.

If I keep a track of money that I used and lose in gambling I will just feel sad on how much I lose LOL, hahaha. For me, gambling is for entertainment and a way to kill time and enjoy. Some people gambling for money to earn is usually lose, so I am just gambling for fun now, sometimes for money too but I am ready to lose that money and that's just my extra money. I usually lose in gambling and sometimes win so if I keep track on it I will just make myself sad considering that I could buy a lot on the money that I lose. Let's just enjoy gambling  ;D

No i am not and don't know why do i need to?
Noep i only see it as a risk and spending for Nothing.
actually you don't need to do such mate.

Just enjoy your gaming moment because the more you look for Winning si the more you losses the happiness.

So instead of thinking as investment why not make the place as your Boredom scape place.

I can see some users suggesting notebooks and excel spreadsheets. But the real truth is something different.

As soon as you run this for a month or so you will realize that you are actually losing more than you are winning in a proper scientific evidence which you have recorded on your own. This will either have two effects:

1. If the player is an addicted gambler, they will deny the evidence/record and throw it away to continue gambling, hiding the fact that they are going broke.
2. If the player is a wise gambler, they will accept the losses and either move on or reduce their habits.

I guess thinking of a scenario that a gambler might be addicted will make this monitoring or tracking activity useless.

Why we track our record is just to know the reality, we are treating gambling like business where we tally our income and expenses, and as a businessman with a sound mind, when a business is already not profitable, you will be force to stop it to prevent further damage, same thing goes with gambling, you are likely doing the bookkeeping.

I am using different spreadsheets for every bookie out there. Once every month i migrate all my spreadsheets to my master-spreadsheet. This gives me a good overview of my wins and losses. It also helps me to track my bets and odds. If you trying to be a semi-professional gambler this is essential. You can't just login to a bookie and gamble. You need some kind of strategy - even if you end up loosing a lot (most times) anyway  ;).

I don't think we should treat gambling like a business, in the end it should be fun, aside from those who see gambling as income. If you see gambling as a kind of income, then exact tracking of the income and expenditure is of course necessary.
For everyone else, it should be enough to keep track of your expenses so as not to run the risk of gambling taking over and sliding into addiction.

Exactly, if you are really into this business the best practice is to sort things out, if you are well aware of those expense money that you are using
you'll be guided to track the right patterns, having tools like this allows you to minimize both your stay and the money that you are using each time
you are seeing that you do have losing streak and the outcome is not favoring you.

Do not track anything in gambling because we have to be prepared to spend money casually in gambling, whatever we do every gamble will certainly experience the same risk of losing money by enjoying it, if we track it my money will be very heavy and sorry because It has done so big out of money in gambling so now enjoy gambling casually. ;D

Gambling is one of the ways to get rid of boredom in this pandemic because we are at home and of course we need entertainment by gambling online. ;D

I don't think that is really in need to track our gambling experience and have a list of it coz I don't make it nor I'd tried to have even before.
If I have a record of my losses since from the very beginning, maybe I can't imagine how much I spend in gambling without having any of it as a return. Maybe I have to regret seeing it which only gives us disappointment than rather enjoy our life in playing. Maybe it was a good idea for some reason but I'd rather than to do that because it doesn't make sense for me by then.

I disagree. No amount of research is enough if luck is not involved and compiling everything into spreadsheets helps organize your bets, but this in no way means that you stand a better chance at winning and strategies don't insure the same either.

It does help to an extent, but you will still need luck on your side in order to win. Organizing stuff is a feel-good technique and nothing more if you ask me.

I have tested in wallet gambling and I like it a lot, as I can log in to a decentralized casino [dApp] using directly my crypto wallet. In one condition: the used wallet must have listed the relevant dApp [decentralized casino] within its database in the wallet menu

Nope, I don't register how much I spend for gambling. Gambling comes anytime not necessarily scheduled so I cannot be accurate on my expenses. But I don't gamble much.

Gambling as investment? Of course not. That must be a silly thing to equate gambling and investment. Investment is for ROI not for fun and burning money. Gambling is the complete opposite.

It's quite an act to measure and becoming curious about betting that is why some people are doing this, they have their own list of funds they've bet, including the time and date regarding it, just to figure out if their number of winnings is higher than their losses and with the over funds alloted to it. But I think with people who are experiencing too much fun while gambling could just bet any amount he wants and not consider the frequency of betting he executes. Because for me, it will not matter anymore, if you win allot like a jackpot in betting on gambling sites. Your mind will look after it like you're being addicted.

Well, What about keep track patterns while betting? Well, in that way, we might find some holes and win allot if we get the strategy to a particular game.

For what reason in tracking your losses in gambling? From the start, if you applied this to your self "gamble that you can afford to lose" there's nothing important to know how much your losses or even your winnings.

That is a bad idea if you think gambling is a form of investment, yet you can invest in the online gambling platform bankroll and I think that is what OP means. Don't ever think and treat gambling is a source of income or a sort of investment, think first those consequences of what gambling has.

No, I don't see it as an investment. It's pure gambling money.


So I don't know if we really need to track it. Although I have tried multiple times to write every money that I play, but when I'm on a losing streak, forgot about it and just thinking of recovering the money that I lost which is one of the stupidest thing to do when you are a gambler.

In my initial start of gambling I used to write my gambling activity on a paper.
Now after some years I use spreadsheets that allow me handle my profits and losses and see if I am going to continue betting or stop. If I have a huge streak of losses I usually take a break for a week or two and start over again.

I'm not a pro gambler nor an addicted guy. However, when I do gambling on casino, I used to deposit a certain balance and if I can manage to get a good winning, I simply withdraw some part of my winning and leave the rest into the casino. For sportsbet, I have seperate fund with a BTC address which I use only for sportsbet. Hence, I don't need different things to do to track the record.

The good thing when you do have tracks into your wins and losses is that you can foresee if its good to take a break or would continue.It will depend or vary if you do
make profits or suffering from deep loss.Some people prefer on this way and some doesnt really care at all.



We are just the same on which any amount that had been deposited for a specific gambling game doesnt really have any tracks at all because since from the beginning
i do already treat for these funds already lost.

I usually play sometimes because I am not an active player. The times I have won I have invested in crypto or bought something for my home.
Usually, I make a spreadsheet to know how to distribute the good use of my money. Because I have my intention to save for the future of my children.

yes i keep on tracking my gambling activies  . not just gambling but to also on anything that i do i love to record them on my diary    . i see it as an investment because i invest time , money and effort playing with it  .

 those investments are so far worth it because i now know how the game works and i can somehow predict if what will  be the outcome on my game  .  i also track my record via notepad on my pc if ever there is a good bet / bet i.d that i experience on my games    .

you are not an active player but you are making spreadsheets for your gambling activities?thats cool and it is the first time i read such thing.

or maybe those non regular gamblers are more detailed than regular?because they treasure more the money as they need for their future.

The problem is that when you become used to the enjoyment & you have no other place get more or equal enjoyment, you'll most likely become addicted to gambling. I think I wouldn't be betting regularly if I am not earning consistently from it.
Maybe the successful bettors should enjoy betting.

This is the first time I also read about it.

Either he is so careful or he really wants to look for himself not to be fallen into addiction, it might be an overacting but still, you are taking care of yourself and that is good. I stopped tracking my losses and wins since I thought that is not necessary since I am not addicted and I can control myself but I guess it is not that bad to do it for self-reflection, isn't it?

I never allocate any specific funds for gambling but rather when I get my salary I make my purchases and at the end of the month I have some money left over which is what goes for gambling next month. Not just gambling but whenever I want to buy something expensive it goes the same way, I try and save more and end of month I calculate how much I have in hand and plan according to that.

Gambling is just a little part of life and allocating funds for it separately will be very funny because I mean it is like allocating funds for how many movies I will watch this month or pre-determining how money I will spend on candies lol.

There are individuals that have that kind of mentality. The people I know of, not only the money they allotted for gambling or entertainment purposes but every bit of their daily expenses. In that way, they said they know where their money is going to. Not to be stingy but to have the grasp how much in a month is spent in food, bills, fuel, and others. I think it also helps in managing your financial expenditures but you really do need patience in doing that. Also, that strategy, you will see which part you can save. But on my end, when it comes to my gambling activities, I don't record it as like others, I'm not really a regular gambler so for me, there's no need to jot down all those bets. I just enjoy the game basically.

I can tell you are just gambling for entertainment only, that what people do if they just want to enjoy a bit and they would not worry if they will loss.
Actually that is a good attitude, it's a real meaning of having fun as when you have fun you have to spend but here still spend but you have a chance to win also but you are not expecting a win most of the time and you don't chase your loses.

What you get is entertainment and that's worth of your money you spent.

But even if you are loosing only what you would afford loosing still you need pay taxes and you need to fill how much you have spent on what, right? Also on a second thought I think anyone who gambles daily must maintain a small spreadsheet where they can just fill how much they loose daily/weekly and calculate how much they are loosing every month or year because while we feel like we are only loosing what we can afford loosing but sometimes when we total up the lost amounts, it makes us realize that it is not worth loosing so much just for fun.

But for gamblers like me who do it for fun, I don't see a need for making such sheets or calculating because I myself mostly gamble with bonus/faucet and sometimes with my own money when I am just too bored to do anything else.

That is a different story here. It will depend on which country you resided in and probably this is now a case to case basis.
If your government allows you to gamble and asking you to pay tax under their jurisdiction, so maybe a spreadsheet or documentation of what you have spend in gambling is needed. In order to calculate your tax payment. But if not, I don't think what is the importance of tracking how much you have been spent in gambling.

Although I don't keep track of my gambling, I can suggest to you to create a spreadsheet which contains about the date, deposit, win, and loss. That is the things that you can write so you can see how much the percentage of your win and lose, and that is a simple record that you can make. You can modify the list by adding more list you want.

I don't see gambling as an investment because, in gambling, we spend some money, but we will hard to earn money from gambling. I never think about making money because I know that it will be too difficult for me.

you don't need these if you are not serious with your purpose in gambling, if you are solely having fun, you just have to stick with what you spend now and never go beyond, always control yourself and stay discipline.


That's on you but there are people who are seeing it as a good investment, at least you know and you are honest to yourself that it's difficult for you to win,  it's important to be realistic as we are dealing with money when we are gambling. 

I find it rare to see people write the things that they've done within the day on their diaries. I can't remember how long it has been since the last time I've heard or known someone to write it on his/her diary. But don't call gambling as your investment because, despite the similarities that they have, gambling is a different activity. How do you write your wins and losses on your diary, is it through a small table or you simply write the amount?

i keep track, but do not see it as any kind of investment, it is just for the purpose to know where i am with gambling spending (yeah, unfortunately, it is usual a minus statistics), and with online bookmakers it is easier, since you can just list your payments and cash-outs and see where you are at the moment
it is good to have monthly/yearly budget that you can spend on gambling without any hesitance and that you know that this will not influence your life, than you can gamble for fun, and if there is a winning, spend it on whatever you want

I appreciate of making it coz it is really far from me and I don't have any records to trace back where I spent my money, how much I lose, and how many times I win in gambling. Maybe I was wrong that I don't any of them to look at and to find where I am but I was so thankful also because maybe I can't accept the reality that I've lost a lot of money than of winning. This will might only gives me a reason to hate crypto gambling. I've enjoyed doing this thing though I suffered a countless time of losing but it was no regrets for me because that is the life I choose.

   You are not wrong Hypnosis00 for not having a record of your gambling activities, I don't have it either. Some people are more
dedicated, which is a normal thing, I am dedicated too, but not to gambling. It's my hobby and I don't need to have special diary
for that.
   Losing more then winning is a bad luck! I gamble with low amounts, because of that I can lose a lot, but I can't win either, I am
satisfied with playing, and little profit when it happens, I don't see myself as greedy person.
 

I used to have a record of my gambling before, but since I have realized that seeing my losses will only make me more agitated with gambling, I decided to stop making a track of it and just enjoy playing since then. Having a record is not bad but it doesn't give any benefit tracking it.

Well aside from controlling your profit/loss by knowing when to stop is the only benefit I see. I usually don't keep tracks of my bets. I recall maintaining when I went on with small deposit and turned it into x20-x30 by placing up parlays. I went on winning lot of underdog parlays and some heavy and close game bets and I still hold that spreadsheet like a trophy.

A little bit off-topic.
@Avirunes, your post have a lot of spaces bro. I thought it was a bug or something.

Gambling can't be an investment because you can surely lose while gambling if gone wrong, so can't take it that way. I just use 10% of my earnings to gamble and only bet on higher odds where chances of win are low because I love to take risks.


I used to write these things into a physical notebook once but when my wifey caught me, things got fucked up. So nowadays, I just keep a track of these things via notepad in my PC and saved it with a password, so no chance of getting my betting secrets leaked to her once again.  ;D

For me I only use a few casino and sportsbook so it is very easy to calculate how much I have lost by just subtracting the withdrawals from deposits made to the casino. I mean gambling is not something I take very seriously and find no reason to keep a record of it, if I ever need it I can even ask the casino to provide me a full deposit and withdrawal file and just use it.

Maybe people who gamble big and do it often need to take such measures because they also have to pay various taxes on winning amounts and they must know how much they have won to pay the tax but most of the gamblers I feel are just doing it with tiny amounts which don't fall under tax slabs and hence doing nothing wrong either.

I know the feels for this one yet im not making any records into a notebook and everything is already stored on my pc instead.
We do have some experience about being caught by wife when it comes to things that being listed, not actually on gambling but also
on other thing. Tracking is for activities that do really need up some risk or fund management.

Actually tried to refresh for 3x and believe that it was just some sort of error.lol

The good purpose of gambling is just for an entertainment, the profit is just a bonus thing. You don't need to spend you money if you don't have an extra budget for it. You should spend your money and prioritize necessary things, not in gambling. Budgeting your funds in order to prevent huge losses is a good gambling strategy so that you can monitor the money that you're going to spend.


All of the gamblers should know that gambling is risky and shouldn't be treated as a getting rich scheme. The results in gambling are uncertain and strategies are sometimes not effective if you're not lucky enough to win the game. The profit in gambling depends on your bet, so the money that you lose reflects on your greed, that's why it is not good as a source of money.


How can you monitor your losses in your gambling career? Making a gambling history will make you think more critically, it will help you reflect on your mistakes and losses so that you know what you're going to do next. Gambler shouldn't be careless about his money and budget, tracking is necessary if you don't mind. Maybe the reason you're not winning in gambling is because you let yourself stay on that limit, you don't make any reflections to make yourself grow in gambling.

I did it in the beginning, but what happened was that I made a profit and took out my principal and left the profit to continue playing


I don't see gambling as an investment, gambling is not an investment


I see professionals taking notes on strategies and results, so I think it is necessary to use spreadsheets and write things down on physical paper

A lots of gamblers are not into this kind of tracking their activities, most of them are losers and don't have time to pay attentions with the outcome of their activities, instead they are busy finding ways how to recover instantly, sad thing instead of recovering they will going to lose more.
Though like what you have said, people who keep their tracking records for tax are required to deal with this those are heavy gamblers that have huge amount of money to play along.

To be honest, we are the same.

I am enjoying gambling and I am not really hoping I could win or be rich and successful with it. But I do realize that it might be a way to stop gambling completely as it will show how much money I am using on gambling and it might hit me that I should completely stop. Despite the fact that I am gambling for fun, I can't really stop completely since I am used to it as my time for entertainment.

Separating your money for investments and gambling is a greate idea, on that you will have discipline on money, you will know when to spend money and when to save money. You may do it using any mediums, jusy like what OP's said, you may try notebooks, spreadsheets, your computer especially the excel, word or even notepad. It is really importat to list all your expenses and all your savings on one medium of yours, so you know what will be the output of the things you usually doing. Listing your money spent by gambling, especially the money you invest is a great idea, it will assute yourself whether your money is profitable.

Why on earth would you consider money spent gambling as an investment while been just the average gambler unless you're a professional gamblers that must have invested both time and money into bettering your gambling skills only then will understand the reason behind you seeing gambling as an investment vehicles.

This is one of the issue why the average gamble keep losing and probably end up getting addicted to gambling since they see it as an investment meanwhile they haven't investing into becoming a better gambler. As regards to keeping record, the platform used for gambling already does that so I don't have to manually keep record.

Im seperating my money for playing gambling, other investment and my needs  because I need to do that for sure I use most of the money in playing gambling so If I know the money that I use only I know my limit and I can knlw when I stop playing if I reach my lose amount of money.

Gambling is not investment and even before or upto now I did not use any of that things to track my losses or winnings.

I don't know how much it is exatly but I'm sure it's not exceeding to 10%.

Definitely not. Investment is considered as investment when you put a money into something that can grow its value in the near future though there's a posibility of loss too due to unfavorable market situation.

Usually for me i dont keep records because im kinda lazy it would be good if gambling sites has there logs but there are no ways to track your gambling expenses or investment in these kind of platforms unless you make a memo in notepad or a piece of paper. It would be a great feature, if gambling sites add this kind of history log for your bets just like in Trading where you can view your bought position and selling position.

I disagree completely, even if you are just gambling for fun it is important to know how much money you are spending when you gamble since the source of your funds is not unlimited, also if the amount of money you have lost when you gamble is enough that you do not want to think about it because if you do that it could blow your mind away then that is a sign that maybe that person has been gambling too much money over the years and it should reduce or maybe even stop their gambling activities.

I do not track and do not also make gambling as an investment, because I will only save for later use again to bet the next day, when the result wins then I will only make simple calculations to be saved and some will be immediately cashed for several purposes including some will only saved and not invested. In gambling it is possible for me to spend more money when there is a greater opportunity and therefore, every time I gamble, only utilize what is available at the moment and maximize it as best I can.

In my opinion, if you are interested in gambling, it is very important that you keep a record and constantly monitor your situation. These records make it easier to make logical decisions, not emotional ones. If you do not keep logs, you can always make bad decisions with the desire to win more.

Its quite inappropriate if we gonna make use of the word "investment" with gambling.Its never been an investment unless if you have invested with the house but if not then its totally a some sort of spending or expense for the entertainment you do seek thats why keeping track or minding too much on how much you do spend would be useless and a stressful thing instead.

If you do keep track on what you have lost then this will just mold up the mindset on keep going because you do saw that your losses are keep building up and in result
you would chase up until the situation becomes even more messy.

No, it's not inappropriate, it might be weird because most of us are losing money but it's really possible as there are people who try to make a journey in gambling specifically in sports betting, and they use the world investing because they are serious with the funds they risk and they use a proper strategy and they trust their skills, you'll know this once you choose to be a sports bettor who aim to win in the long run.

Having an open Excel file and logging every won/lost amount will be up to date tracking information which can be useful to analyze the data after the month. In the lockdown, the demand for gambling platforms has increased and this is a good opportunity for the newbies to learn the basic deep working mechanisms for gambling management.

Actually I don't track anything on gambling, I am not separating my money that I will spend on gambling and in other things because I am not that so addicted on gambling, I only play once or twice a week, I just wanna play when I was bored, that's it, I just wanna kill my boredom. So I know that I wouldn't use so much my money. Even though I bring all of my money while gambling, for sure I wouldn't spend it all because I am that person that don't want to lose all of my money so if I am losing the game, I just quit. I am not like some other gamblers that if they are losing the game, they won't stop, they will trigger their selves to play more so they could get back all the money that have lost by them.

I don't use any of this I just allocate then play and forget everything after I log off, what's the use of keeping a note if your losing percentage is higher than your winning percentage, you will just end up depress and sorry, so it's better to allocate play and forget, and just be happy and be entertained.

All of my gambling is monitored of mine because it is better to have a full of list and records for your transactions. After all, you can now make it more concrete what are the problems why you lose the game also you can monitor how much money entering and leaving on your accounts or wallet it is beautiful to see that you are keeping up and evaluation about the things you are doing. It is not bad having this kind of list; some of the people do not do this kind of activity because they know on their selves they are already earning but for me I'm using this too make concrete all of the earnings I've got.

Someone told me that the use of keeping a note or tracking your gambling is not to depress yourself,

The reason behind why you should take note your game even if your losing percentage is higher than your winning is to see for yourself that you might have to change the way how you gamble, whether it is your strategy or anything that you should change to at least stop losing more and not to depress yourself.

No, because I think it is unnecessary to record my gambling every time I play. Seeing the history or the outcome of my gambling will only give me stress and it might be the trigger for me to chase my losses and will lead to losing more money later on.

Although you are just new in gambling, still you should monitor your results in gambling so that you know when you have a good and bad experience in gambling. Monitoring will help you reflect and learn your mistakes as you list every detail in your gambling history.

Newbies or beginner are the number one prone to losses and greed that's why they should learn a lot of strategies. Experience is enough for you to learn from your mistakes and losses are normal in gambling, you can't control the gambling platform but you can lessen the probability of losing just by making some strategies.

No matter how long you've been gambling, either newbie or professional, no one is exempted in losing in gambling, all of us experience huge loss and greed. It depends on us if we will take some actions to prevent that loss and focus on winning our money back.

Details are essential in making some strategies, and the essence of gambling history is for you to realize that the gambling is not a source of income but an investment is much more effective.

This is exactly what I think. Everybody makes mistakes in the beginning and so when gambling. Keeping records helps us remember our past mistakes so we don't make them again.
This may not reduce the risk of gambling, but it can significantly reduce the overall financial loss.

Remember yes, but isn't it important also to correct our mistakes because if not, we will continue to lose money and we are so stupid to commit the same mistakes again and again, and this is not healthy financially.

Keeping track of our record will help us to decide timely, we can correct mistakes or stop because we can't correct it.

it will reduce the risk because once you become more mature, you will understand the risk and you know how to mange it.
Less risk = less financial loss.

I do it on a weekly basis but it's not recommended if you are not good at gambling because you will see a lot of losses, it's much better to go and have some fun and think that you are losing but you are also entertained and it's a big bonus if you win in a session that means you can save money for the next day session.

As for me, I haven't done it even before. Knowing to myself that I am not that good in gambling. If I try to record it, I won't able to see anything but the money I lose. And for me, seeing your losses will not bring you any good. It is better to just enjoy playing and be entertained every time you play.

If you're stressed on that history, that's the time to have reflections on how you managed your money. The truth shall set you free, and have fun time to accept the fact that in gambling there's always win or lose scenario. For me this isn't a problem to consider, but rather an inspiration to pursue life and move on to control yourself of being addicted.

It would vary or depend into each person because not all do have the same mindset when it comes to realization of things on a certain situation,just like on what we've been talking on here about keep tracking of your gambling expenses,it can indeed put up stress for sure specially if you are already in negative or even you are profiting it would really put up the emotion of greed to set in.For losses then
thats the time you would consider on chasing up losses depending if you do made some self realization and completely stop mid-way before you do make anything even more worse.

Not really essential to do in gambling I just do gambling and set a may fund and have my limit to it as always. I don't gamble a lot sometimes it was just 1 time a week as long as a earn profit in gambling I don't really tract it or put it in the spreadsheet. For me gambling was just entertainment or profit also it just depends on your luck so recording your loss would not really change the outcome of your funds.

I guess you should do this when you're addicted so that you could realize your loss in gambling.

I do not track mine. But if I will, I will use my microsoft excel and I will create formula on it. There will be color coding to wins, and losses so that I can easily see my winnings and losses. There will be a weekly, monthly and yearly summary to easily determine when did I often lose or win and of course to prove to myself if I get back back all the money I put in gambling or not.

Great, at least, you don't need to track of your win, and you're losing because you are playing gambling for entertainment. Setting the limit will be the help for you and other gamblers from spending too much money because we cannot always ready to get lost in gambling. Keeping track will not be too important for gamblers who have not have a big hope to make money from gambling.

For Poker I suggest you using a tracker like Pokertracker or Holdem Manager. With these programs it is possible to track your loss/win and also show some stats of your opponent. But caution: Not every poker platform allows these trackers, because they give users an incredible advantage.

Actually keeping the record of each bet will be a crazy idea and it can cause psychologically-based illusions. Instead of manging the big data, monitoring the incoming and outgoing transactions will paint a picture for calculating the profit or loss. In the end, it depends on personal management preferences.

While it is impressive that you are able to carry all of your money with you and not gamble with it in my opinion it is better to not tempt fate, I have seen too many cases of people that after receiving their pay they went to the casino and despite my warnings this was a bad idea they still went to the casino and at the end of the night they had lost all their money, you just need a short lapse in your judgement for this to happen, as such even if your self-control is impressive it is better if you keep your gambling money separated from the rest of your money and you never bring that money to the casino.

For me personally keeping track of my expenditure in gambling is pretty useless, you will only get frustration and regret when you see what you are spendinding and I also find your post ridiculous thinking that gambling is an investment, investment in my opinion is something that you are putting something with the expectation that there is a return benefit. On the other hand gambling is not an investment unless you are owner, co-owner, or investor in a gambling business, it puts you in the consumer side, you are more of a livestock rather than a farmer, I advise that we all shouldn't advocate gambling as an investment it destroys lives (the gambling).

If you are gambling with the full purpose of having fun, it's not necessary to track your record, besides, when you gambling, you only risk money at that certain time, and you'll start with a fresh bankroll again the next time you gamble.


That's what people think, it's the basic, but if you go further, you'll see that there are people as a gambler are making money with gambling,
They called what they are doing, investing in gambling.

Why do you think it is useless to keep track of how much money you are spending on gambling? If you are frustrated with the numbers you are seeing then what it is wrong is the amount of money you are spending on gambling and not on the fact that you are trying to keep records of it, the idea behind it is simple, we do not have an unlimited amount of money and if you want to maximize what you get out of your money then you need to know where all of your money is going, that way you can make a better use of it and over the long term this will have very positive effects over your life.

I guess that can make some stress every time we check the record. We can have the feeling to get that money back to us, and we might try to recover the loss by playing more in the next days. Maybe that will depend on what reason people for playing gambling in making the record. If they also make an analyzing record to see how good the result, then maybe the file will be necessary since they want to create a new strategy that can work for them.

I think keeping a record in gambling is useless because there are some gamblers who don't bother themselves, even they already lost thousands of dollars. But if a person would like to track his record in gambling, it will be easier if he only bring the same amount of profit when he is about to gamble.

When betting on sports, you can make notes in the spreadsheet on your computer...  But that's if you're betting on different sites...
If you bet on one site, you can always see your statistics there! ;)

I think it is not very useful if you really do not think too much about the money you use, but it's good when you keep all the history of gambling with the nominal that you use so you can find out the total profit and loss you have ever made from gambling.

It depends on what you are playing because there are situations which you would need to tally up to track if you do profit or not specially when are doing sports betting but if we do play luck based ones then i dont see a point for you to track everything because we know that losses would be more into these kind of games thats why its pointless on doing such act.Its true that it will just trigger you out on to play more when you do saw that you are lose up that much and tending to play just to break even which is really a bad idea.So its not really that suggested specially on gambling aspect.

I do not consider gambling as an investment, therefore I do not track gambling that I have done. Because I assume gambling is limited
to relieving stress from my work. Besides, the funds I used for gambling have already provided me with the budget, around 15% of my
salary. So when the funds run out, I automatically stop gambling.

Yeah, the same I do as you do. When searching for an entertainment it's always comes with a price. Investment is different from paying your happiness and this is the only time you can enjoy your time after those stressful week of work. And that's right, always bring the money that you can afford to lose and don't even think about of chasing your losses because you are not playing to make some money but to enjoy. ;)

Well, therefore there is no reason for tracking down all of your costs. On my own, No, --I don't do any spreadsheets nor do calculus. When I do online betting I first consider my salary I will separate it and use it no matter if I win or lose. I just do online gambling for fun and during my spare time. But I will make sure that if I lose I won't feel bad because it's my choice. Perhaps, others find online gambling as a way for their living. Hope they always win. Indeed.

If youre doing sports then tracking wont be a bad idea but if you are just dicing then its nonsense.Gambling is for fun and allocating
a small portion of your money is a suggested thing to be done as always.It isnt needed for you to track if you are losing or winning
as long you do able to get the entertainment you seek and thats how it counts but majority cant really easily satisfy themselves
thats why they do play even more and mess up everything.

I do keep track of my expenditure in gambling and no I do not consider this as an investment, this is part of my therapy to cure my addiction, to look at it and regret what I spent.

I hope you don't have a passion for recovering your losses in gambling after you check your file because if you do that, I think that can attract you to come and play another game. I think you don't have to look at your file for the therapy because you can use the other material to cure your addiction. After all, that can trigger your sad feeling.

If you are not profitable in gambling then why do you continue doing it?
As it is not an investment it is not an activity that will give you money. You should better keep that money and buy small portions of bitcoin instead of giving them to casinos.

clearly in the Bold part mate and it is not easy to deny the call of betting when you are already addicted and this must be respected.

It is easy for us to say things because we are not addicted but for them?this is a Burden and mostly things that they don't ready intended to be.

Keeping track means you are timely monitoring it, not that you look at your past performance and regret on it, you should regret timely, otherwise you'll spend all your money and you'll only give up because you don't have money to gamble anymore, which I think tracking does not serve the purpose.

For me, I track because I want to make a timely decision, so I can stop or still continue.

there are no assurance on winning in gambling but it doesnt mean that we need
to stop even if we are mostly losing .
There are gamblers that is just enjoying the game even if they are losing most
of the time but yet people have their reason to stay.
But we have our own way of how we are in this habits,so let us respect each others.
maybe he is just having difficulties in stopping but sooner he will decide for sure.

If we look back on how much we lost in gambling it makes us regrets playing those money. For me I dont track my gambling journey and move on when I lose its because it will be hard to forget if I dwell in the past. Its not an investment but instead its a way to grow your money if you're lucky or an entertainment for some of us. Its fine to gamble as long as you're prepared for the consequences incase you became an addicted player.

I also find it hard to find the reason about the topic because i have never
meet evena  single person who's doing this.
Like your Point it is only harder to accept the truth that you have lose those
amount in gambling when the truth is
This is not an investing that needs to be monitored instead this is amount that
we are only willing to Lose each time we wanted
to Kill our time and have some happiness specially in this boring days of locking down.

First off, I never see it as an investment, in the material sense of the word. I'm not planning on making money with gambling. On the other hand it is an investment, investment in my good mood, and thus I allocate some money for it respectively. Doing that in my head, no spreadsheets, no physical notebooks, nothing. I rely on my memory in that regard. And all in all I spend on gambling something around worth of 2-3 movie tickets, monthly.

It is way better to keep track of that information yourself, I know it is more work and no one wants to do it but what would you do if the website in which gambled suddenly disappeared and you were unable to look at those statistics? While many would not care about the loss of such information in my opinion it is very important since it is a way to never get addicted to gambling as you would see any increase in your losses immediately and reduce your gambling if necessary.

For the addicted gamblers which constitute majority of the gamblers.

And it is the hard truth. You may deny it if you wish to keep yourself happy about th losses but it is the truth and ones needs to learn to deal with it, that is accept their losses and start to rectify their ways.

Also a reason why gamblers rarely keep their records of gambling. It hurts them to see how much they lost and so they lose interest in it and dont want to dig in further. Its a type of introspection but has no good feelings involved. If you are doing it for sports betting then it is essential, but dice game players who are in it for the rush will never have the patience to sit down and record their transactions.

Hey, that is happening with some of my friends too. I guess perhaps, they don't like to see they're lost before, so they don't count how much money they lose. I think that is normal if they do that because if they count or write they're lost, that can make them feel sad, and that can make them chase their losses by playing more and more. That can be a good lesson for us that we don't need to count how much our winning or losing because we only want to enjoy our time in gambling, and we don't have a reason to make money from gambling.

I agree with you. I think it much better not to track your gambling and I think there is no reason to do that. For me I can't maintain it. So it will be a waste of time. But of course there are some who still track their gambling. My mother did. She used it as a basis when she play his next lottery game. She analyses number to be able to figure out what number she will used.

Just calculating it in my own head. I can look into history of my deposits and withdrawals to poker site and then look at my current balance. The difference will be the needed separation  :)

Also, for gambling i can separate not more than 1 % of my budget for month. Because mostly, i lose it, so send something bigger will be just wasting money.

That's a very  safe allocation in gambling, I understand that most of us are really losing in gambling, so 1% is really something we can afford to lose.
However, for me, I don't allocate 1% only as I don't earn a lot of money from any source, so let's say I only get $1,000 per month as my net income, then I would only gamble $10 per month, I think there's no fun on that.

There is no fun, but you still have your money  :) I do not agree with your argument that "more money = more fun". I receive the same amount of pleasure with 10 buks per month that i would get with 1000. Maybe even more, because if i  lost 10 dollars i will not be frustrated for money which i could use in more useful ways (like it would be with 1000 buks)

And yeah, argument about 'making money" is invalid too, because in gambling you always lost in long distance. So it's more good to lost less  :)

I always support the idea to gamble with as little as possible, so I'm glad to see that someone is able to have fun with just 1% of the monthly budget. As for me, 1% is never enough. Even though making money with gambling is not my aim, I spend around 5% of my monthly budget on it, because I find it boring to win $1-$2 after 2-3 hours of playing in a poker tournament, or to earn just 10k sats after a winning roll with 0.1% win chance on dice. It's strange, but that's how it is: on the one hand, it's always fun to win, no matter the money, but, at the same time, money matters, at least to some degree. Winning less money than you can buy a bottle of a good beer with is not that entertaining.

But that's me. Currently. I think I should work on  improving my imagination. :)

Not really because i only bet amounts that i can afford to loss. I think those people who does that are really  addicted to it or are making it as a source of income although it's really difficult and extremely risky if someone is planning to make it as a regular income.

Gambling sites should also add some gambling history so players could keep track on how much they've win.

I never thought of that I just want to be entertain and if I'm going to list my winnings and losses, it will not become entertainment anymore, it will look like an investment plan, and it's hard to invest in gambling you need a huge amount of money and take a lot of time to study the system, but in the end it will still luck that will decide the factor.

I do it by watching the statistics on the sites where I play. They are always well done and easily accessible and show me my bets, profits, the percentage of wins and all that. They even draw charts. Why would I need to run a spreadsheet or something for that? Maybe gamblers who go to casinos need to do that, but online gamblers have all the work done for them.

You are right to say that it is impossible to win in a fair way over a long distance in a casino. That's why people place bets on large amounts of money in the hope of hitting the jackpot. That is why a bet on a large amount is very exciting and brings more emotions than a bet on a few bucks

I think that feature will not give different too much since many gamblers will not use that feature to know how much money they used to play gambling. But if we can gamble with knowing the amount of money that we should use, we don't have to afraid of the big loss because we can know when to stop gambling. Keeping track of your gambling can help you to know how much money you already use so you can introspect yourself if that amount is too big for you or not. If you think that the money is too big, you need to reduce the amount so you can prevent the big lose.

Definitely, that's why there is more edge from an online casinos as they can not just provide satisfaction but statistics to the games played by the gamblers. It is also a show of support and care to the gamblers whether they are getting lost too much and it signifies that they might need to somehow stop betting for a while and spend time with their losses.

Though, it will not be as much important for gamblers that have a mindset to always recover their losses when losing too much in a game.

Good reasoning.
This is more of a habit with your finances whether it will be for gambling, leisure, budget planning and other stuffs that you will get involved spending your money.
For people that do this kind of habit listing things that they are spending money, they're likely to list their losses and wins.

Why should a gambler have a record of how much money they spend on gambling and how much is earned ? If we all always think about how we should control our finances, why do we have to bet ?

Do not make gambling solely as a place for you to make money, because gambling is a place where you spend time and money to get pleasure even though we have the opportunity to bring victory.

Even if we have a record of gambling it is useless because we will regret it because so much has been spent on gambling but if people don't care then they run out no matter as long as the fun they get for them but I see very rarely people like that because gambling is now on average want big luck.

So gambling will only spend money, time and even if addicted will be difficult to control, but they want to keep winning in the gambling.

It would be useful to add a survey to this topic. I’m very interested in how many players keep statistics. Obviously, any player (the vast majority) over the long distance will have a loss from gambling. But when losses alternate with winnings, it is more difficult to notice. It seems to me that if many players had seen full statistics on their game, they would have changed their attitude towards gambling.

Maybe for a gambler who thinks only about money-oriented, they can do it. But for a gambler who commonly plays only for fun, having a record like that is useless. To be honest, I never tracked my funds or how much I spent money so far. I think it is not needed and only rises another burden on our minds.  ;D

Keeping it track won't uplift our chances to win but only it gives depression seeing how much we lose.
Chasing those losses is not really a good idea, we know gambling is a luck-based game and it certainly ain't happen all the time. And by making this way, it only leads us to something worse and possibly more disappointment that can affect our decision. And for me, it is better to have nothing about the records, and forgetting about the past will help to ease your minds and gamble normally as you did before.

Surely no correlation between winning and keeping track of our gambling record. Keeping track may be related to how good we manage our money or how bad we wasted money so far. I think we don't need to track our record, what for guys? There is no advantage of applying that way. As you said, it just makes us depressed or regrets about what we have done. Avoid it!!

Serious gamblers who after with profits are known to calculate the amount of money that they are using from this activities. Balancing the breakdown of the actual results gives them ideas on which strategy are working and which is not and needed to improved. Common to those who have enough time to assess and observe each days, weeks or months of playing, they are the one who understand the use of this tracking journal.

I actually allocate an amount after paying all my debts, bills, and buying all my necessities. From that I allocate some funds for my extra activity. I don't personally keep a record of how much I've won or lost because it will only make you regret and think of all the things you could've bought with that amount of money.

There is an advantage, you will see it if you really lose more often. I just realized it recently, if you will just take it positively you will also realize that keeping a record of your gambling will help you to limit yourself from doing the same thing every time you gamble. Instead of thinking that this will make you depressed, you can turn this negativity to your advantage.

For some people, it can make them depressed when they see the number, especially the red number. But for other people, perhaps, when they see the number, they will think about limiting the money itself, and they can also think about quit gambling for a while or forever. I am sure that they can take the benefits of that track or record, especially for people who can think about what is the point for having a track or record. Behind that, there will be something that we can use for ourselves.

Wow, that's good, there are only few people who are doing that really, that's why only few people are aware of how much they are losing in gambling.
For me this is not required but if you like to monitor the in and out of your money in gambling, this is a must.

I don't see the point of doing it at all why would we keep track of our gambling expenses?
Would it be beneficial to us and how would it help us at all?
The only thing that we would get from doing it is head ache and mostly regrets because of the sum of all the money that we lost so I would never do it.

But if you are more on a losing side, this can even made you depressed and sad. For example i play with less money but never keep track of my losses. Once i tried to calculate my loss for a week and i was sad to know that i lost that much amount of money. I think if you are playing for fun, do not calculate your profits and losses.

Of course, tracking of your gambling expenses is a quite helpful fo you to determine the income, loss and expenses you have made. And yes, you can say that it will be a headache for those some people in tracking their expenses but actually if they only look on the negative side which is the side where they always lose. But if you look on the positive side of tracking gambling expenses, you will see how much do you lose and how much do you earn and you will come up in a very strategic plan in order to focus more in winning than in losing. Tracking of gambling expenses is helpful.


Yes. If you do not track you gambling expenses in a long time. You will somehow be streesful in the days where you want to know you lose and you also believe that you always have some small lost because sometimes you win also. In a very long time, when you track of your lose and you'll see that you lost way too much or more than of your earnings.

Gambling isn't only fun for those people who are seriously want to earn. They must strategize in order for them to earn in gambling and cut their chances of always getting lose and drag by the game. And tracking your expenses in gambking is one of that strategic idea.

An organized gambler might be doing this without even letting others know. It's just for the record that where he's potentially spending his money or how much he's spending with gambling.
There is a point of doing this for conservative gamblers or just those who want to see how much they are turning in to gambling. I find them organized if somebody do this.

For me personally, recording gambling statistics will only make me feel uncomfortable because gambling has used up some of my money. Tracking these statistics will only make me lazy to bet. Although other people need it, but to me it seems useless. Nothing will increase my chances of winning at all.

Exactly, I will not do it and it will only add to the burden when we want to bet. Too much disappointment, of course.

On the one hand, you are right. The amount of loss that a person sees before him undoubtedly worsen his mood and poison the pleasure of the game. But on the other hand, this information helps to objectively evaluate the costs of gambling and it is possible to draw some conclusions (refuse games or reduce the amount of money allocated for this entertainment).

So in most light way possible, what is best for everyone is just to daily track your gambling session if you win or you lose, it will make you feel less bad if you lose in my opinion. However, what you have said might be useful if you are that technical sided kind of person then you should probably track everything you spend so you'll have an idea if you're doing just fine or not. Being organize in gambling is good until something huge rips you off.

For example, you lose 100 bucks every day. Once a week, you win a couple of hundred. You can assume that the balance of your losses and winnings is approximately the same. However, if you keep statistics, you can see what amounts you lose per month, and so on. This might encourage you to stop gambling.

The point is you can know how much money you already used for playing gambling. By having the record, you will see that if you used that money for another thing, that would be better than you used for gambling, especially if you used so much money.

Besides that, the benefit is you can learn about controlling yourself, and you can manage the money that you will use in gambling. Perhaps, you can think about limiting the money that you can use in monthly so you can have more money that can you use to buy another thing.

Getting a headache is another effect for people who cannot limit their money, and they always think about how to win much money from gambling. They will regret to see the record if they already lost in big money.

For people and for me it is as important as we keep a track of our bank accounts and the transactions we monitor it. For people who know value of money or has limited money would like t to manage the money in the best possible way and losing in gambling too much would mean that they are in deep trouble to live their life. This tracking of expenses or money won/lost help them know is it beneficial to either gamble after getting the results or is it worth too loose so much just in gambling. At times this will be an eye opener as well.

You can easily track it directly in your wallet.
You just need to put a label on your transactions with some details about them. And then you can compare your inflows and your outflows to check if you are winning or losing money.

Some avid gamblers may specifically refuse to track how much money they lose. For example, not to worry about losing a huge amount of money in a short period of time. Or so that the wife doesn't see such records.

Right now I am not doing that since I don't gamble right now that much often. Thanks to the ECQs and lockdowns I can enjoy myself with my family and them stopping myself from gambling online and offline obviously. I did in the past and what I am using is a spreadsheet, when I am not in my house, I do it on my phone and then export it in my laptop.

In my perspective it's only a fun way to entertain myself and to lose steam from a stressful day especially these days when im really bored due to the lockdown i keep myself busy with various things such as movies, mobile games and gambling. I dont like doing extra work like having records in my spreadsheet, it will only lead to ovethinking and anxiety perhaps gambling sites could add history of bets made by an individual player to keep track.

Yes probably that is right because if our purpose is for fun only for sure you spending a little amount of money so there is no need for us to compute in the spreadsheet or anything to see how much we lose and how much we esrn money because once you compute all your money using in gambling and you saw you lose big amount of money you trigger to get back it and high chance for you to to play more and once you play agaib another will risk to your money.

That is right. It is a bit annoying sometimes since you will be forgetting that and try to remember the bets you did. If you are doing it online there is no problem since there are some gambling sites that show your account's history and you won't bother to write or type them in a spreadsheet.

do it by limiting the target that I spend every week that's how I know whether I get a profit or loss, because I do it every week so Monday I see if I withdraw or not, and if I lose I do not add more, that's the rule that I made .

Interesting.
And what if you won x2 at Wednesday and then -x3 on Friday?  :)
I mean timing with weekly bars it's not the best way.

Also, do you track how many do you withdraw and deposit? Because if I understand right, OP was asking about this.

Does that schedule weekly doesn't change if you have made a profit even for the first day of the week?

I think it's unfair for yourself to wait until the end of the week to cash out those profits you have if you can cash out immediately and take it home.

Because if you lose before the end of the week, you have nothing left and just replenish it.

Same goes with me, I don't want to keep track of all of my doings in gambling and so I will able to forget about it easily when I lose. I'm just gambling for entertainment so there's no need for me to track those.

When I seeing numbers, It'll just put pressure on me to gamble more and get back what I've lost recently. Instead of enjoying, you'll just be stressed about gambling.

Didn't know there are people who thinks gambling is a form of investment. Wow. Even if it is, then it indeed is the riskiest of all kind of investment. Though I never consider gambling as an investment.
I think everyone keeps track of their gambling habit. All modern casino does have personal statistics included on their casino, thus there is no need of opening a spreadsheet and doing all calculations.

The only time you do consider that gambling is a form of investment is on the time you do put up money or invested with the house itself but if you are a player? Nah its never been considered to be an investment.
We know that this one is created for entertainment purposes and its just dumb for you to mind that you are investing on the same time.You are just making yourself look dumb to believe into those things.
Tracking does help but only on sportsbetting yet you can make calculations which are needed for your risk management but for luck based games like dice and similar then i dont see a point on
why would you need to track everything.

Not more risky than bying Ethereum at 1200, tho  ;D

But you're right with statement that gambling is not an investment. people who telling other is just heavy addicted to this kind of losing money  :-[

My answer is no, I don't track my gambling but if ever I track my gambling then here is what I will do. First, I will use a portfolio or a spreadsheet to put information of my bets for example and the amount of money I use to gamble (afford to lose) and what time I gamble then I'll be able to track my profit and loses but in my opinion most results is losing profit or money since it is not an investment in the first place.

It may not take long to mark how much you have lost or won in the table. This can be done immediately after the end of the gambling game. This is especially convenient because the game information is still fresh in your memory. This is very convenient for the purpose of then looking at the statistics of their games. Maybe someone doesn't do it for the purpose of not getting upset or because they don't need to. But it is impossible not to do this due to lack of time, since it takes very little time.

The idea of that can be changed if they are actually investing to a casino bankroll.

But they don't and what they do is the actual gambling. And the money they spend gambling is being considered as their investment which really thinks that it is but, in reality, it's not an investment but leisure unless they gamble for a living.

That would be a bad practice, I'd say. Keeping the track of your wins and losses in gambling can help you improve your money management overall, which can be very useful in your other activities. Gambling can be a good platform for learning the very basics of economy. Only don't gamble with high amounts, lest your education become too expensive. ;)

In fact, I have never considered gambling to be an investment but rather a game that can finish quickly ;D

Gambling is only played by people addicted to the game and why gambling is a lot of people do because this game is quite challenging where once won you can be rich.

Therefore gambling games must have great guts.

But a lot of gamblers have no money management, that's why most of them don't keep track of their winnings/losses. lol Or if you are a small timer or only play occasionally, for me, there's no need to record your expenditures unless you are an OC person who jots down all the expenses everyday down to the cents you are shelling out from your pocket.

I think it will be effective for me if I will stick to gambling. For me it is better than listing the money I put in gambling everyday or listing the  wins and losses which is hard to maintain due to there are chances that I forgot to list it in a single day or more. While in the next day I probably forgot the amount already. With that idea I can also control the money I am using in gambling.

If gambling is not your means of livelihood, you should not, gambling should be for fun, if you are going to list your winnings and your losses, chances are you are not going to enjoy the game the fun factor is not going to be there anymore, because you will see the big money you've lost than the small sum of money you've won.

I can agree with this, if it's not important for you why would you keep track? You risk how much you can lose, and no worries if that happens, in case of win you can do with your money whatever you want, more gambling or cashing out and buying some cool stuff!
Keeping track of deposits and withdrawals doesn't need to be strict, in most casinos you can check your transfer history and make quick math about where are you, but I rarely do that. I don't like when I am losing too much in a row, but after some time I always get some win from somewhere and it's how I survive for years in gambling!

There are a lot of smart people who understand the need to keep track of expenses and income in gambling. However, there are always people who do not understand this. They live quietly and do not worry about anything. From time to time, they lose a couple of hundred bucks in poker or roulette.

Sometimes I envy such insouciance.

Tracking expenses is rather an optional thing because some wont really matter that much or consider such tallying because they are willing to lose up the money that they had allocated for gambling and doesnt look back on how much they have lost on that particular day or into further days to come.There are some games which do need some tracking to see if you are profiting or not but on general case
it isnt really a mandatory thing for you to do so because once you do see the list that you are losing much this will just push you to play even more because you would aim for recovery.

Although I do not track any of my gambling win or loss, but for those who want to track is there any ready made software available in the market where you just input the value and it will give you graphs and data for analysis ? This will be easy for people who really what to know how much they are winning/losing in gambling.

Tracking expenses and revenue is the key to successful financial planning. This is best done for the entire household. this way you and your family will be able to manage your money correctly and become richer.

Gambling is an expense in most cases. And expenses especially need to be carefully monitored.

I didn't mean writing down all your debits and credits, cos indeed it could ruin all the fun. Also it's hardly necessary if you are playing with amounts you can easily afford to lose anyway. What I meant was keeping an approximate track of your deposits and withdrawals to exclude the possibility of going beyond limits.


Well, it's fine if they can afford it, but it's only fine up to a certain limit. Typically, people start to degenerate mentally when there is no need to worry about anything for a long time.

It's just that we're all discussing how to keep track of our expenses. How to spend less on gambling. How to get rid of addiction. How to earn money to provide for your family. And someone absolutely does not worry about anything and plays for fun.
So sometimes I want to put all my worries aside and not worry about anything)

I perfectly understand you, mate. In fact, who wouldn't want that? :) That's why some people are going to Las Vegas once in two-three years or so, to put all their worries aside and to gamble away a few hundred bucks, keeping no track, no anything. And that's fine. What is not fine is living like that all the time. Some rich folks engage themselves in this harmful way of living, and they can't stop until they hit the very bottom. Do I envy them? Hell no!

So, it's kind of a good thing that we don't have unlimited resources and that we must keep track of our gambling activity. It helps us to evolve. While their wealth only helps them to degrade.

Yes, I keep tracking all of my records because it is easier to identify if you actually earn a profit or lose a huge amount of money it depends on your style if you think you are still in a good earning to and continue this kind of strategy but if you are not continuously earning better to stop for a while and think about your mistakes because it is good to know to avoid into your future gambling games. What are the things I used to record my games? Basically, I do not need to have a logbook or looks like a ledger all I need is to have paper and a pen because I preferred into the traditional way because it is more secure and no one can see on it than using the computer and another storage device that can leave any traces on my account.

But I hope once you saw your lose is big it will not cause to trigger to recover your losses because we know once you do that you will lose more in high possibility. Recording your winninv and losing money is a player choice and I hope the other player who already saw thwy losses and once they are addicted player will be minimize playing.

yes i keep track of all my investments, all my wagers on the gambling and betting sites, i do a spreadsheet with google docs on the computer, i have a bankroll dedicated to gambling and at the end of the month i roll the sums, i calculate all the games won if the sum in my possession is greater than sum invested then i am in gain, some months i win and some months i lose

I salute your perseverance in updating your spreadsheet every session you have  :o Can you please tell us what kind of effects do you experience since the day you started tracking your gambling data vs the days that you just keep playing and not recording your data. I am happy to hear a personal experience from other users here since I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

At least that is a concern, maybe for me personally because I will not be easy to stop gambling once I get a bigger loss record, so to overcome this I only prepare money or capital for one day in gambling but basically it is not money that can spent and will end gambling if all the capital I have on that day has been exhausted and as much as possible to control myself better even though sometimes it is forced to make more deposits. Indeed, every player will certainly have their own strategies in controlling and managing everything, so whatever method they apply and as long as they are comfortable to do it, of course nothing will be a problem even though your losses are greater than profits.

I've never been to Las Vegas and I've never been drawn to it. In my country, there is a casino in every major city and there is no problem to go and play. However, most people understand that gambling is addictive and do not visit casinos at all.
My friends and I sometimes go to these places to have a good time, but we always have our expenses limited. And how I wanted to be a millionaire and spend a couple of million and not take into account these losses.  ;D

However, you are right that it is better not to relax completely, it can tighten.

Why it isn't? If you are gambling with the purpose of improving yourself so you can be profitable in the long run, then tracking your bets is a must, that would give you a big picture and you'll be able to analyze things clearly.

Maybe he doesn't understand why it might be useful.
I believe that keeping records of your losses and winnings can be useful for rational financial accounting and proper management of your money. And it will also help to stop a person's addiction to gambling for those who lose a lot of money.

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss and play gambling with care but at the same time if takes away the fun of gambling from you. You will be more concern about your financial gain or loss and will not be able to enjoy the gambling.

It is only me who thinks that if you can see your gambling records or history, it just diminishes the fun that you can experience in playing? It's more of like, limiting yourself in playing through thinking about your losses? Why not just try to set limitations? because for me, seeing your losses will just discourage you from playing further, though, it is a good precautionary measure to avoid further loss and addiction. It still depends, IMO gambling sites should also have that feature for you to view your playing history, in order to be transparent and at the same time, show concern to the players.

But don't forget that we might feel sad or regret if we see the loss that we already got, and that can make us think to recover the loss. I think the profit and the loss will be different, and it could be bigger the loss than the profit so our mind will want to get the loss back by playing other gambling games. But we can hold ourselves from recovering the loss because we don't want to lose more money in gambling.

Perhaps, only a few gamblers who have to track their gambling money by creating a file contain a report of profit and loss from time to time so they can see the details of their gambling time from that report. As long as we can prevent the bad thing that might come to us, then it is okay to have a track of your gambling money.

If you like gambling and are a regular gambler then I think you should gamble by allocating a certain amount of money. If we limit the amount of money we gamble then even if we lose, it will not have much effect on our family or personal life, so we should set a limitation. If we don't set limits or failed to control ourselves then we have to face the risk of losing money. If one loses a huge amount of money by gambling, it will have an effect on his daily life and gradually he loses interest in gambling. so, I think we should set aside a limited amount of money from our monthly budget for gambling.

So don't people gamble to try their luck and make money? I remember my first win at roulette. I was a student then and won the amount of my two monthly scholarships. I was overcome with emotion.

It doesn't take a lot of time to record your final statistics and you can do it after the end of the gambling game.

To be able to ensure that the stats are realistic, you need to play a lot of session in a certain game so you can analyze properly and to determine if you are consistent already to go with bigger bets, but in your case, you are playing roulette, this is a luck based type of game, you don't need statistics for this.

Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!

Statistics in any case will be realistic if you record true data. And you will do this not only when you win, but also when you lose.
The percentage of losses or winnings will be more accurate the more games you play. However, you do not need a percentage, but exact figures of how much money you lost or won.

I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.

I think there is nothing better than forgetting defeat and thinking something about how to recover losses. I agree with your opinion.

If the goal is only to stop gambling in the end, then noting a defeat like that is also not a very needed solution. I am sure that having a losing record will only increase pressure on players.

It shouldnt really be make it as a habit on where you do keep on tallying up everything and as said this will just mold up that kind of felling or chasing your losses instead.
We do gamble for entertainment and winning is just a bonus but people aims for the same thing which is to make money most of the time.I do say its normal but we should
really have that control for us to avoid to be addicted later on or making ourselves wreck because we do keep chasing to those money that we have lost,unless if youre lucky
enough on hitting up some jackpot and able to patch up the amount that you have lost overall.

I don't think so. A simple example: you spend $100 while chasing a high payout, say, 100x, with $0.5 bets. Then you suddenly win $50. But is it a win? It's not. In fact, you lost $50 rather than won it. Even if you are rich and you can easily afford such carelessness, I can assure you, it won't end up well. I mean, if you are rich, you can still continue playing like this, losing $50 per day, and it can be okay for you. But you should be aware of what's happening, cos things can escalate quickly, and not in your favor.

Pretty true, buddy. Just forget whether the win or lose! Sometimes it only triggers us to spend more money. Don't make the same way as trading, gambling doesn't need to track win or lose. It is wasting time and bring no positive effects in my view. If we think about them, and try to look for the way of recovering the losses. Otherwise, it probably takes us into more risks and losses.

In any way money tracking doesn't need special calculation here i.e. you knew you got 600$ last week and now you have 200$. You bought some cigarette and snacks during the weekend, where the money went? You know "potential destination".
Also it's a very bad advice to suggest gambler to think about ways to recover his/her loses if you don't concrete what ways you mean because there is very high chance this person will try to get back from loses by playing again, which in turn cause more loses and as a result, we get undesirable effect. But of course, suggesting to find a job (if he doesn't own) or setting the limit on the money that he has to spend on gambling would be wiser advice.

I think that they can attract them to try to recover the losses because they always think about the amount that they already lost. Maybe some gamblers will not look that as a win or a loss record only, but they also can think about how they should use the money in gambling, and how they can limit more funds to be used for playing gambling. But as a normal person, having a losing record will make us sad, especially if we lose so much money in one day.

I stick to a monthly budget. Let's say I alot 5% of my income to gambling. I just need to make sure that it will last me for the whole month so I won't need to take more money from my income. It takes discipline. And another thing, never try to chase your losses.

Very well said mate. At least you're not an addict. I stopped playing gambling for a year because I'd became an addict for once and I dont want repeat that mistake in which I have to lose everything before I realize that I am just wasting my money and most of my time for a nonsense thing.

Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.

I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose.

I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing.

I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus.

People could see gambling as a form of investment but IMO, you just take away the essential part of gambling to make you happy by betting and without considering your business money. What I mean is that, you could gamble money you can afford to lose and if you decided to take it as an investment, I think it isn't the best idea as the risk in gambling is way to high compared to usual investment platforms such as trading.

Gambling platforms are meant to provide fun and to test the luck of the person with 50/50 chance. While investment is somehow "safer" for me because when I am trading, I consider factors such as market analysis as hints to profits.

We can look for gambling in many ways but investing is better than gambling Gambling has a high loss rate It is very difficult to recover if lost but in case of investment we can easily reduce the amount of loss. I agree with you that we can easily understand investment if we analyze it properly But no one can be successful without gambling knowledge For newcomers it's a lot of risks. That's why I think we can make more profit by investing in gambling Investments are much more reliable than gambling.

I guess that is one way that we can use to prevent using more money in gambling. I agree that it needs the discipline to use some money to play gambling, and we need to have the power to control ourselves for staying a long time in gambling because that can make us spend more money. Maybe that will be a way to keep track of our gambling besides making a file of our gambling activity.

Gambling does not assured us of any returns and chance of losing money is very high . On other side if invested rightly in crypto or in other asset would yield you returns in coming time . Gambling is a quick way to lose money or make it and this shortcut does not work for all . On other side investment is generally for long term which will give you returns in a systematic manner .

I think 5% of monthly income is the upper limit for what one can afford to lose in gambling. Some people say that 5% is too much and that it's better to not gamble at all. But let's be realistic. We can't live without a passion, or a hobby, if you will. We can't be thinking about saving money all the time. Sometimes we have to relax in order to work more effectively later, and 5% is a reasonable price for that.

Its not always do talk about on stopping to gamble just because you do experience problem.We are always welcome and have the rights to play anywhere anytime and no one can stop us in doing that.

What matters here is that you do know on how things work and what are the consequences lies ahead when you do let yourself break out the border.Enjoy while you do play and just spend on the amount

that you are willing to lose.Dont chase losses and move on and call it a day. Rinse and repeat but be sure that you arent risking that much.

Those words that I have highlighted if gamblers will think like that then surely they will not be addicted.
What makes a gambler addicted is when they challenge themselves and they are so optimistic despite the fact that their chance of winning is very low.
When you think of entertain that you will just have to spend to enjoy, you'll not long to win big money and to win consistently, the risk is lower with this.

As long as you have that kind of mentality, you'll never lose more in gambling because when you gamble, you'll always be at your own range.
Believe me, that is effective, and it's proven by ME.  ;D

It varies with the game but yes generally speaking it is loss for the player and thats why the casino is standing tall.

Not all investments are good for continuous flow of money. In fact those which have a steady income are generally the low risk ones and thus a low reward one too. The fact that penny stocks can go very high is why they are day traded like anything.

Gambling is a method to entertain yourself by "paying" in with the wagered amount. It should be thought as that and not a mode of making money because then one becomes hell bent on thinking that they can win big and this leads to losses. You can keep track of losses or wins with a spreadsheet here but even then the value of losses will be bigger than wins in the long run of any EV- game.

Some players are going for the EV+ games and those who are doing sports betting or poker professionally may end up having a better outcome. Again these games are not for everyone.

At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!

   It's a good point Iamsheikhadil, and trying to recover loses will make you risk more, when you risk more
you can lose again, more chances for that. One of the reasons I don't keep track of my wins and loses.
I try to play and have fun, if I am good it's nice, I never go all in I try to play longer and make some little
profit.
   I am thinking to try to deposit $10 and to try to make half a dollar or just a dollar every few days. Without
withdrawing, without much risking. Is it possible to do that for months and to make something with dice and
crash game mostly?

Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck, and you need to be lucky everyday in order to win, and with the amount you gamble, I'm sure you will be bored of doing it over and over.

Supported mate,Luck based gambling is purely for fun and not for a winning,imagine millions of combinations you need to win over just to get whan you wanted?

spend your money in skilled base gambling than Dice and Crash games,i don't really advice this to others that has no big experiences in gambling games like this.

I use Google spreadsheets to track my wins or losses on soccer bets..

if you are a dice, crash or spin gambler (Pure gambling games rely on luck) it will hurt your heart if you track every losses and wins you get from gambling..  playing without weights is a wonderful feeling, people who play with weights (because the loss is greater than the win based on the monthly track) will only continue to incur losses..

but, if you are a skill-based gambler (poker & sports betting) then your losing and winning tracking are a good habit, why do you have to track every loss or win in that skill-based gamble, so you can know the flow of funds in and out of you and your able to manage your finances well..

This kind of games, it's not necessary to track it as you can never be consistent with it, the name it self that it's a luck based games, you'll only win when you are lucky and luck is not consistent in the first place.





I am only doing for sports betting, it's a long list since there are plenty of games offered in a daily basis, it just stopped when the virus hits the world.

Whenever I'm playing online poker on something like Pokerstars I'll use a tool known as a HUD (heads up display).

This basically allows me to keep track of opponent hands much better, identify when they bluffed (bluff rate) and other useful metrics for the game. However, it also allows me to keep track of my profit/loss account and EV—even going so far as to break down my wins and losses against particular players, so I can identify whether to play cautiously or just go hard trying to felt the table.

I'm sure similar software exists for other casino games, but if not, it's quite simple to track it in a spreadsheet.

I agree that we will never win constantly in dice or crash games. When we are playing luck-based games, it is purely about luck and cannot rely on our skills or specific approaches. In this matter, it doesn't make sense to expect winning regularly for weeks/months through this kind of gambling game. It is true that commonly we tend to get entertainment from the games and not earning money.

Or maybe it would be helpful if we keep track on our total number of bets, our amount of money spent in gambling, but in terms of winning/losing stats, all is useless, and I don't really think that one has already made successful aiming for long term success in dice or any type of luck based games.

I do not think that such software exists although it is easy to create. In poker, this is a very useful thing that gives a huge advantage to players who do not use similar software. Therefore, these programs exist and they cost normal money. What is the use (and who is willing to pay) of a program that will record statistics of your game of roulette or dice?

I did used to keep a track but I stopped after consecutive losses in few months. It made me more frustrated that I was before. Actually I generally keep aside a fixed amount every month, which I put it under my personal expenses. I play with that money when ever I am in a mood for some action.

I was tracking how much I was spending and whether I am in profit or not but after some time I stopped doing it.

At least you know what's really happening with your journey in gambling, you'll not wake up one day realizing that you have already spent a lot of money and yet you are not getting anything from it. Tracking your gambling activities makes you aware of the current situation, therefore it will help you to make a timely decision as well, if you've seen you lose a lot already, then maybe that would become a factor to make you realize that you are not doing well in gambling.

Correct. Generally, it's really up to gamblers if they want to record or track their respective winning and losing, either gained or lost by gambling on a strategy-based or luck-based games.

But for me, if I will consider that, the total amount spend is what just I want to record then deduct the winnings.

Sounds hassle even it's simple that's why I never did this tracking my gambling stats. If I want to look at, gambling sites I have a record of my betting history. Maybe that's enough reference to me without doing it manually.

Keeping the logs of all gambling activity is not suitable for everyone and if there is no meaning to know the win/ratio rate then the made points are meaningless too. Aiming to have an edge on gambling is the fool's game on the long term, IMHO. If there was an edge, Einstein shouldn't said those words about the edge in roulette. Almost 80% of the games are based on the luck factor, having a notebook or spreadsheet only will make us sad because of everyone loses in the long run except the house.

Most of the gamblers are treating gambling as their pastime or a way to entertain themselves, and you are right they don't need to record anything as long as they are responsible enough with the amount they gamble, and it should always be not beyond what they can't afford to lose.


Sports betting for me could be a form of investing in yourself since it's a game where you can use your skills and when you can use your skills, that means you will not rely on your luck and you can be consistent.

You are right, as long as if we don't cross our limits there is no need for recording, a gambler will not be in his estimation when he is making a profit and this makes them lose their concentration on their recording. A person who has the dedication to making money will always record each and every gamble he does.

This is undoubtedly one of the best questions that they can ask you or that you should ask yourself, at some point, if you are the one involved with any type of game where you put money at risk.

Usually when it happens in the first way, that someone asks you, it can happen when you have been playing for many years and maybe you have such bad habits that you are at a player level that you use the term entertainment to justify your losses.
In fact, you do not need to be asked literally in the offline world, you can read it somewhere, as it may well happen to someone with your post. BTW, what can be common for many players, entering a forum and reading, turns out for many perhaps that it never happens.

But the second case is natural for the vast majority, whatever the situation you come into the game for, if you spend any time playing it, you log it somewhere. Although as we know, it is enough to review the history of the game site and that's it.

I did not start in casinos, although technically yes, I started in the world of online gambling with the game of poker and I started playing on one site and for anthropological reasons of the players the challenge was to start from scratch with the freeroll, really the long way, but it helped me to have control of my banking and this is where "maybe" that education is lacking in other types of games such as dice, roulette and a long etcetera, whether you throw the coin, you have to take some kind of control, even if it is mental, so, that yes you do not take it so seriously, if what you do is click, every night before bed and you play with play money, ok!, but if it is real money, the fun of playing with real money for me is to have control, to know what I do, to know how much I lose, how much I earn, how many hours I play, that is the true entertainment and what leads you to enjoy it.

In poker there is a very good documentation that you can apply to any type of bet and what insurance can lead you to true entertainment.
.
In my case, I use Holdem manager and reviews the history of the game.

investment? spending hours and hours and not getting ROI in green is undoubtedly a very bad investment, although having fun and enjoying it is undoubtedly a good result, if you have the control.

Indeed, because tracking gambling will only make you more frustrated and it will make you depressed and of course it will be bad for yourself, so it would be better not to track the results of gambling because even most gamblers get more losses than wins and by therefore in gambling you only need to focus on winning gambling at the same time but indeed, making the spirit to win what has been lost is also good but not all gamblers can do it.

Perhaps I misunderstood you, but I want to clarify - if you do not record, then how do you understand which strategy works and which doesn't? From the point of view of common sense and mathematics, this can only be seen at some distance.

That is correct, because we like to see ourselves to be consistent with that strategy and that we can use it for long term. We can't just say that when we are gambling now and our strategy works, we will conclude that it's gonna work forever, that's wrong, we need to observed it if it would really bring us some consistent win too.

In my poker plays I always do the freerolls so that in case I win and earn the tokens then I use it to play carefully in the ones that has payments. I make sure that I take note of my winnings in a spreadsheet and also my losses too. If I lost I make sure that I play so that I can cover my loss in the next plays and compute basically so that I can accumulate as little loss and as many wins and profits as possible.

It's true but with cryptos you can't avoid to see your profits and losses since they are written on the blockchain and in your wallet forever. The only way to unsee them is to drop your wallet but it's not recommended.

But what if you're playing on a gambling game that doesn't require strategy?

It will be nonsense for tracking your winning and losses on a game like dice because even you check your recent matches, it won't do anything. Instead of learning something, it'll make you upset knowing that you've already acquired a lot of losses. But I agree that observation on your recent matches will help you if the game was strategical.

I think your answers are based only play roll games, machines, dice, etc.
Poker is a statistical game and the use of odds, percentage, pot odds, etc., is essential to be a winner. You must know basic data such as ITM, ROI, GDP, BIF, etc.

But as with any game, you cannot be far from statistics, mathematics, and knowing how to interpret this information helps you. In any case, so as not to get too far off topic, it's not really about writing down "I started with + $5 and ended with - $ 10."

It goes far beyond just track and keep that in mind even if you do it just for fun.

Example dice:
One of the common mistakes of those who play 0.25x or 0.1x bets is that they will lose less money or win very little.

But in reality the first thing you should know is how much is your variance in the game (+/-) that you do, check your notes of how many throws you made the last time you played with variance +, for example it can be 60% if you continue with 0.1x you know that any number greater than that% is a good indication to continue playing. That is, the numbers tell you that you can go out with +$ 6 (stack $10)

In reality, Winning players leave nothing to luck, people who want to see results even for entertainment should know some statistics and probabilities.

Maybe an expert does not need to write down, but if you are new, start by carrying some kind of statistic.

Tracking such activity can be a great and indispensable tool in terms of financial regulation.

At one time, I used special programs, which greatly simplified tracking. The programs were quite specific and provided for a narrow range of card games.
Nevertheless, I am sure that any recording method will do. Most likely there are even special programs that provide ready-made interfaces for recording your activity, which will have to be done manually, of course.

I like the idea itself in that it is similar in effect to maintaining a budget (income and expenses). This helps to control the money component of your life and not spend money on unnecessary things.

I've never done this...
I'm not too focused on playing gambling, playing gambling with a small capital on a smartphone to fill free time is my habit, and I think tracking gambling results is not very important. if you are indeed unlucky and do not have the skills then you will still lose despite tracking your gambling results every day IMO.

I keep looking for my gamble to gamble Because I gamble with my phone I rarely use a laptop. That's why we can easily enter the gambling site wherever we are and easily follow who is betting and how. However, if you do not know too much about gambling the damage is greater I have earned a lot from here That's why I stay active most of the time and try to follow it better.

Is there a game that actually lets you see the strategy to win based on past matches? I mean, the most you could record is the amount you win and lose, and depending on the game, the number of tries you did. And if you did actually find a pattern, then that's just you literally brute-forcing logic out of something that isn't logical. Calculating your chances of winning? Then don't bother gamblling, cause in a sense, gambling is a game where you throw calculated chances and just leave it to luck. That's basically the reason why a person can become an instant millionaire in just one try.

This is the main reason why you keep track of your gambles. To know how much you've spent, and to control, regulate it and manage it properly in the sense that spending money on gambling would not affect your personal life in any way, mostly in terms of financial management used in your everyday expenses.

In any case, tracking statistics is very useful - for example, we can see the actual loss-making of the game and compare it with the “theoretical” one. Over a long distance, these data must match. If this data does not coincide strongly, then there is a chance that the casino is not fair.

I see my gambling as an investment and always keep my records whenever I gamble. New gamble always have it capital to enable me track my loss and gains while I proceeds in the game. From past till present, I go through my records on monthly basis to ascertain my level of progress while I re-strategize my movement. This has actually helped me in control of my addiction, though this addiction isn't the type you know on this platform lol.

I salute that kind of approach in gambling as I myself are also trying my journey to be investing with my skills gambling in sports.

If you are serious with gambling or you call it as investment, you need to ensure you have a decent amount of capital that you can use over the duration of your long gambling activity, this is about consistency, success can't be achieve in just a very short period of time especially in skilled based type of games of whatever game you choose.

I stop for a gambling for a while now, but when I gamble before I set aside the amount I am going to gamble. I don't keep track of it using physical things like notebook, phone etc. It just automatically registers in your mind whenever a gambling day ends. Did I win? or did I just lose. Isn't it normal for all the gamblers?

Anyways, I think I was like that because I only play with a certain amount of money in my hand. I never go beyond. I have this fix amount of money that helps me determine if I win or lose. And nope, I never see it as an investment but I always want to win even if its just an enjoyment.

This one is a good choice to do especially if you don't want to be stressed or depressed whenever you gamble and lost. Basically, if you aren't playing that much, you can try and weigh whenever you win or lose in a day, then forgetting what happened in that day just carrying the lessons you have learned. This will make you even happier than tracking each and every games by listing it or typing it in any spreadsheet though, it seems like more reasonable and efficient, you might want to choose between becoming reasonable and happy.

Well it is very easy to keep track of your gambling activity by just keeping an eye to your balance.
If your balance is decreased you lose, if it is increased you win. Usually people lose so it is a matter of fact to understand how much money you lose.

I find excel spreadsheet very simple and easy to use for that. You can even add a few graphs to make it easier to track gains/losses on a daily, weekly or monthly basis.

Same as me, I do not track my gambling profit and losses. Gambling for me is also a kind of pass time. I do not take it seriously. If I think I already lose in too many rounds then I stop. If I win then I feel bless. But of course not all people are like us. I understand why they need to track theor gambling activities.

Some gamblers like to take the challenge when they are challenge and that happens especially when they lose money in gambling, they don't want to stop until they lose everything, and that's the kind of behavior that might make a person successful or will just fail in the end.

As they say, high risk if you succeed, you'll get high reward, but unfortunately, only few succeeds in gambling.

People should be keeping a record in whatever way they find it simple. Idea should be that need to know how money they either won or loss in gambling and in future if they continue in this way will they be able to sustain as many become addictive in it and end up losing not just money but many other things as well.

Nope never did i since i started playing gambling when i was young.


gambling as an investment?is this a serious question?


never track it because i never did.


for those i find doing this?they have spreadsheet that keeps them track about their spend and wins in gambling.

I never keep track of my individual bets for the long term, but for the last 12 years I have strictly followed a maximum threshold on the amount being gambled every month. I never cross this threshold, even if I get good returns from any of my bets. And trust me, this has helped me enormously over the years. Saved me from heartburn and financial ruin.

At first I try to record it, but as time passes by the more I lose or win the eager I add deposit amount in casino in online gambling. It is hard when you are able to win and then lose that you will really try hard to win back those loses even you think you're dedicated from the start not to over game or be addicted. Salute, to those who are able to be consistent on their plans on sticking to their plan or goals not to be addicted since it's really hard once you're playing.

If gambling is for fun, then you might be able to set a limit on the money you will spend on gambling every month. But what if gambling is intended as a way to get money for some people ? I am very not sure they can do it.

Tracking the profits and losses in gambling is not something that is important to me because I never care how much money I spend there. Fun cant be measured by money, and as an effort to prevent financial and other damage, I only play when I have leftover money. Not specifically, but only at certain moments.

I don't keep any kind of evidence. I'm not professional gambler, I gamble for fun and entertainment so I.think I don't need that.
I know that some players have spreadsheets and similar to keep track of their gambling which is actually good but it's not necessary in every case.
Since I gamble for fun I only spend the leftovers after all my expenses are covered so I can manage that even without evidence.

Good thing if you do able to treat up this way but not all would have the same mindset towards gambling that they should only play just for fun not for chasing up on making profits.

Tracking is just good when you do sports betting where you can able to make up some bankroll management if you do tend to make most out of your allocated bankroll to enjoy it even more longer.

It depends though because if you do apply this one for dice then you do just basically after on making money but for sports then its one of the techniques for you to enjoy and at the same time you do

lessen up the risk.

I am not good in gambling but I have a spredsheet of my record, not necessarily that you have to be a professional gambler in order to start maintaining a spreadsheet, you can do it for yourself as an experiment to know you real status in gambling, this is most applicable in skilled based games like sportbetting.

Gamblers still might have notes in spreadsheets to find out their expenses when betting but I'm here as a pleasure don't need to do that but that's in me but it doesn't matter if you have notes even if it's just for fun but will be better so you know it .

But every bet we have to be able to count means winning and losing we have to admit as long as we don't interfere with money for other purposes because it's more important.

I am tracking my Bets if i am not in good financial situation since i love to gamble at least once a week back then?

i monitored How much i have spent and how much i won,so if my losses are enough then time to stop for a week or so.

But if i am winning then o will continue trying my luck.

I have a spreadsheet with all the details that I use to track my gambling.
Everything is mentioned in the file: bookmaker, which sport, selection, bet type, stake, odds, ...,

Wow! 12 years is a long distance. Do you play from time to time or are you seriously involved in gambling? As far as I know, the active part of the gambler's career does not last very long. For various reasons, people cannot maintain high gambling activity (the main reason is money of course).

Yes,  and no one know if he is going to win or Lose in gambling no one has any idea about it when the begin to gamble a people will have to use their skill for winning even if in Dice you can not depend on your luck but you all have to rely 50/50 on your luck. Better play games with different strategies and different ways of winning. The more you will play you will gain experience and skills.

This do only particular talks about strategy-based games where you can take advantage and able to learn something while you do play for long and also playing dice doesnt that have 50-50 chance of winning since it will depend on which multiplier youve set into unless if you do play with some pvp which do have 50-50 chance like coin toss or similar games. Poker and other card games are the ones that you can able to be mastered or simply means that you can take advantage if you have played this for a long time and know lots of strats.In talks towards keeping track then for sports it can be done but most of the time
this stuff wont really be that necessary because if you do make tracking that simply means that you do only aim for making money not entirely aiming for making some fun.

Don't you consider one for your records? This will definitely help you track you gambling records either for your winnings or your lose. Setting a threshold for your gambling records is good but having the data will help fill your lapses. During my first time in gambling I used to gamble without records until when I ran into a great lose which I couldn't get help immediate. From that day till date, I always make my records straight and available when needed.

You don't necessary call it as expenses as usually, a gambler who maintain a spreadsheet like to see his performance, if he is profitable or not.
In the spreadsheet, you can put all the necessary information you like to see, there are just examples,.. you can put the date, particular game or even, result, and the amount of bet, that simple information could already provide you a good analysis report, like the percentage thing so you can analyze the whole picture easily.

I just want to make it clear that this is all about comparison. If you maintaining a spreadsheet, then you can compare many things and reveal to you which one is the best. It's about data.

For example, you can compare and see the result of every strategy you did on every bet and this will help you to maximize your profit by using the best strategy.
There are people who don't maintain a spreadsheet because they don't really know the benefit of doing this or just don't know what to compare.

For sports bettor, this is a good example posted by.


Usually, people do spreadsheet in this particular type of game, for me as a gambler, I never have a spreadsheet of other type of game. :)
Anyway, that's still up to the specific gambler since all posted here are just personal opinions.