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Is There A Time That You Calculated All Your loses In One Year One Online and Offline

This is the most depressing thing to do, you'll be surprised at the amount,  I did this 4 years ago on offline number betting and Lottery I kept all the tickets I sometimes win 3rd and 4th prizes but every time I won consolation I increase my tickets I consider this a sign that I will hit the jackpot soon but unfortunately it never happens.

When I count all my losses on numbers and the lottery it's enough to buy a small parcel of a lot and build a bungalow type and we're just renting a room back then.

Again I did it 3 years ago when I become active in online casinos and the amount is also depressing I could have bought a tricycle that I can use for a living.

So I stopped counting my losses and just minimize my betting I just tried to be happy on the thought that I have good times betting and I enjoy the thrill.

Stopping to count your losses may not be so bad even though it can get depressing. Counting your losses is different from chasing your losses. I will even advice you count your losses even more often than annually or twice in a year. If you count your losses often like every month, and know how much you have lost to gambling, you can call yourself back to discipline not to spend so much to gamble the next month if you are the type that gambles without a fixed amount of money set aside for gambling particularly.

Count your losses to keep track of it, but do not chase your losses after counting. If you try to chase losses, you will most likely end up loosing more.

Alternatively, don't count profit or losses. And practise budgeting like any responsible adult ;)

Set aside a fixed amount for a year of gambling (I would do it per season). Consider it money spent on entertainment, an upfront season ticket for months of enjoyment. When the funds run out, you're done until the next season. End of season and you have funds? You made unexpected money, treat yourself!

Personally, this was how I started out. I'm much more casual now and in addition to a "season" fund which starts/ends with European club football, I also have a monthly budget or so. If you can budget for entertainment, you can do it for gambling.

Need more money to buy a tricycle or house? Set a budget for that.

To what ends?
I've never done this and I'm never going to do it. I'm not trying to build a career out of gambling. Besides, it will only make you feel bad. I get sad, or angry when I lose a bet, but that's about it, I get over it within the hour and move on because it was never guaranteed in the first place. I knew the risk.
There's no point thinking about what you could have used the money for because all the money you used for gamble didn't come to you at once and you didn't spend them all at once.  So even if you had not gambled away the money, you would have still used it for something else.

Regrets aren't good but it will give you lessons especially on gambling. As you count those figures and you didn't ever had a good experience on it that will really hit some nerves of regrets and I think is not good for our mental health. Better let it go and just move on but take the lessons, it's really takes a long time before we realized this and that's normal, you'll never know that in the present because you'll never thought any regrets but just expectations that you might won over your bets.

Gambling is for fun for people that just make it fun and entertaining. But if you think you want to make money from gambling, that is when it would become something very difficult and it can lead to money loss. All I can say is that people should take gambling as something fun and nothing more. Just use small amount of money for it, an amount of money that you can afford to lose.

The fact even though you're lose a lot money at that time, you're only regret with amount you lose, but it doesn't harm your mental and become an addict, so it's still safe. However as you have learn to not gamble a lot money, it's good because you can gamble without need to regret with your losses.

I haven't calculated my gambling losses, but even though it's big I don't really care as I already accept if before gamble.

Although I don't really gamble that much in a year, I never tried calculating or taking records of my losses in gambling cause I know, I'll just end up regretting losing that certain amount of money. The same thing goes for the amount of money you spend on unnecessary things. Once you've seen all the amount of money you used and you lose, you'll start thinking about the meaningful or useful things you could've bought with that money. Although, it can make you realize to start spending less on gambling, I still never thought of calculating it. Because I think it will be heavy on your feelings, since you'll feel a lot of regret and guilt for spending that much amount on gambling alone.

I have never done it as if I had done it I would stop gambling immediately as I know I would be massively in red.The fact that I and a lot of other gamblers come back in gambling is that because we see occasionally people winning it big through news online,streamers in Youtube and other platforms so I keep saying to myself that one day I will be the one to be on the news by hitting that huge multiplier of x100000 my bet for example.

If we do it systemically we would all be able to stop gambling in a really fast way but no,most of us don't do it and we keep dreaming about that big of a win,when will be our time to hit it.

Evaluating your activities, especially the financial aspect is very important. It will help show you if you are spending too much, small or moderately. At least it was from your yearly evaluation that were able to know that what you have lost on gambling will be enough to build a house and put in place an investment. It might be very annoying and depressing but it should be a time to replan and cut your budget on gambling.

Auditing your financial operations gives you the uncommon privilege of identifying what to do to get the best out of gambling and your life. I will suggest you have a budget on how to use your income. You need to build a house and get that tricycle and gambling shouldn't be a stumbling block because you can always control your gambling expenses. For me counting your losses or wins is advisable if you have the time and ability.

If gambling is for fun then gamblers will never calculate their losses when betting and in fact those who say gambling is just for fun are still calculating losses and regret it if they lose large amounts of money.
I don't believe people who say they can accept defeat even in large numbers because they must also have thoughts of recovering losses and are angry about their defeat.

Have you forgotten that gambling gives a sense of curiosity, so even if they use a small amount of money, if there is a big enough opportunity, they will deposit some more money so they can bet more.

Seems like a good deterrent for those who are gambling without self-control, those numbers should make their hearts skip and beat and they would sweat for a while to see how much they could have saved that year.

But it might not work for everyone, because I remember seeing a casino player on youtube who uploads their games do such a calculation on how much they have lost over a year and still gambles the same. Obviously they earn from youtube itself and the affiliate commissions, but its a difficult life to lead with an addiction growing inside.

Most gamblers who end up getting wasted are those who cannot budget their playing money. By nature gamblers are impulsive and thus its common.

If you are gambling with money you should be using to acquire goods you need for a living you are playing in the wrong way. If you feel regretful for not having purchased a tricycle, because you used that money to gamble and lost, it means you should have prioritized that first or at least decreased the amount of money you were using to gamble.

The main goal of a gambler should be to feel satisfied after the betting session and detached from any sums of lost money. However, if that is something disturbing the gambler due to still being attached to the lost money, he has to review his habits, reconfiguring them to best fulfills his needs and welfare.

I guess anyone who has been consistently losing would definitely take some time to actually count the cumulative lost he has inquired during his gambling sessions but this act has a negative effect on the gambler likewise a positive one too.

The negative part would be that the gambler would be depressed after seeing that he has actually lost a very huge money during his gambling likewise the positive part would for the gambler to actually find a solution to the issue if the loses have exceeded the limit of his gambling behavior.

I voted for NO, in the beginning, I might have at some point trying to at least write down my loses. But in the end, I say "f**k" it, I will just play whatever I want without looking at how much I lost vs my winnings.

Because just like in your case, it might be depressing on how big the money that I have totally lost on gambling already and for sure I will feel shit about it. I just the key and what we have heard so many times, just play the money that you can afford to lose. And with that, you don't need to look back at your gambling activity and those 'what if' scenario.

You have said it yourself that it is the most depressing thing to do and I agree to that 100%.
You should never consider counting losses "in gambling" because you will end up getting depressed.
We all know that most of our bets are losses and even if we win, we gamble again and eventually lose it all.
So when we already know that the number will be huge then to waste our time counting the losses when we know it will be depressing.
Besides that, gambling is for fun and why to calculate losses when it was fun to gamble that money.

Perhaps online, you can look at your betting history, but as far as offline goes, like going to traditional based casinos, it's hard to calculate it. Unless you religiously write it down when you go home, win or lose.


I know, because I have done that before, I even look at the bitcoins that I have deposited in just one crypto casinos that I played and the amount. I was just thinking that if I just hold on it and wait for the bull run in 2021, I could have just profited big. And still this day, still haunts me when I remember it. But as gamblers, we should move on with that and learn from that big and expensive mistakes.

Counting losses in one year at the casino, then we will regret seeing how much money was spent playing while it is pointless to count and can only imagine or regret it with large numbers.
So I don't make any calculations, including winning or losing in gambling, everything is left alone because I will consider this as fun, I can't remember what was the previous defeat.
I think counting in one year will not make us self-aware of stopping gambling but at least by not counting previous losses it doesn't become a concern when there are regrets.

Calculating all the losses in one year will make you regret the money you have spent betting Online or Offline. If you feel you have spent a lot of money on betting, start allocating special funds from the monthly salary you get from your job. The money you spend doesn't need to be counted or remembered anymore, let's just say that the money doesn't belong to you and you have gotten satisfaction from betting or playing slots even though you haven't got the jackpot.
Budgeting special funds is part of financial management arrangements that will be used in several posts, if you are still comparing with something that can be bought with the money that has been spent, it is better that the money is in the savings rather than having fun in the casino.

No, Never, Please No....  This is the most painful things to do and you will just yourself by doing this. Most of us here learn to self control and gamble responsibly after learning the hard way. I personally loss huge amount of money on my crypto assets as well as my monthly salary way back when I'm still aggressive on gambling during my newbie days. I thought that I can beat the house by playing blackjack and sportbook but I'm always ended up losing it all when my temper is already bad.

Nevertheless, it's not a wise decision to look back on your previous mistakes especially if that amount is already significant with the current value of your crypto.

Sure i have, with trading and gambling. It can be depressing, but also eye opening as that money and small bets adds up. Good thing about this is it usually forces you to make plans and a budget.
And next time you'll do it you might even pleasantly surprised that your expenses have been managed. That is if you are on loss. If you are winning, you'll be pleasantly surprised anyway.

I totally understand the impulse of stop counting totally, but to me it's like pretending everything is going to be different without making any changes.

No, I don't want to wind up regretting my prior choices. I might just be chasing them to figure out my overall losses. It won't benefit me in any way, I believe. Instead of concentrating on what I have lost, I would like to view my overall winning profits because doing so will simply make me feel bad, which could influence how I play in the future.
Always seeing the total number of our losses might affect our emotional stability so instead of figuring out our losses, it will be better to focus on how we could generate a better profit along with how we control and discipline ourselves in gambling. We should move on from our losses and just see them as a lesson for us to be better in our future gambling journey. We will not grow if we will just continuously chase them.

Voted for NO because I do not need or I do not want to calculate my overall gambling statistic.
Although there are some casinos that provide the feature to calculate our gambling stats, I prefer to avoid it.
I just do not want to regret what I have done if the overall statistic is a huge loss, so I prefer to avoid calculating my overall statistic.
I would prefer to use a limit for my every gambling session or set a limit how much I can spend in weekly or monthly basis.

I do not think that I have the time to calculate all the profits and loss due to the fact that most of my gambling activities were done impulsively. Though this may be the case, I think that being aware of your profits vs losses ratio is a better way to control your habits in the event that you are addicted to gambling.

Like what most have mentioned, practice being a responsible person by managing your affairs and expenditures. View gambling as a source of entertainment; and not a money-making venture. If you view it as the latter, then expect that you would experience more losses than profits, as compared to the general gambler.

That's gambling and in the end we always regret the decisions that have been made. Experience has taught you that gambling must also be seen as we are capable of being responsible and not how much money we have spent.

Counting losses is also a good idea to have a little awareness when you gamble, but not everyone tries to count money as expenses they have put into gambling. In this case, counting losses is not the same as chasing wins, meaning that most people think that when they experience defeat at gambling, they will continue to chase victory at the next gambling.

When you gamble just for fun then calculating losses is not important at all because we gamble only for fun and only to enjoy the thrill, although some people think it is important to calculate losses. Ideally, if you are an active gambler, then set aside a special budget for gambling so you don't have to calculate the losses you get and just think of it as money spent on entertainment and fun.

If I count the number of losses I've lost in gambling while I was doing it, it's like picking up old wounds, Lol. If we do that and it can get us to stop gambling, then that's great, but I haven't thought about stopping gambling yet.
I don't regret what I spent while I was gambling, so I didn't think about calculating the total amount of losses. Actually I don't need to count the whole thing, because when I think back on how many times I played in a month, it will show more statistics of losing than winning. So for now I don't think to count from the start I gamble.

Actually, I don't count my loss because it will depress me just like OP said.  When I took gambling as a daily thing those days,I do have more loss than my wins. Later I realized that I am spending so much on gambling and I decided to control myself but limiting the time I gamble in a week and I don't do it frequently anymore. Presently,I set a certain amount from my monthly income for gambling and I have the duration of time that I gamble even though I am winning or not,the moment the time elapse,I do stop. So what I do is this I do calculate how much I will be using for gambling monthly and multiply it by twelve. If I see that the money is much,I will reduce it a little,and this is how I set my gambling funds for the year. I don't count my losses anymore,instead I set a fixed amount,which makes me know how much I will be putting into gamble annually.

There were times when I tried accounting for all my gambling winnings and losses. I made it per casino which makes it easier to assess my performance. Most of the time I am just a little winning and losing so it's like a break-even. Luckily, I never tried accounting for my gambling expenses when I increased my daily betting budget which ended up losing most of the time.

Nowadays I am only betting in small amounts for the sake of betting, which still makes the games exciting to watch. The most important thing in gambling is for us to be responsible enough. This way we are entertained rather than stressed.

Yeah, I did this before and that's not crypto gambling because it's not yet in existence so those were like pure neighborhood gambling houses and mini casinos during those times.
 
It's like a decade ago when I've done but I have never done that again after that. It's painful as it may seem but if you need to have some knock of reality then all you need to do is to calculate how much you've lost.

You'll get to see the regret on your face when you do that on why you've gambled and why you have counted everything.

I stopped counting losses since it gives me frustrations and makes me feel sad. I don't want to feel regret because I also have losses but I want to take it as a charge to experience and reminder for myself not to extend my losses by adding more money to deposit. I don't know to others but this is my own perspective and I don't want to make myself suffer more because of this.

What's the point of calculating losses when it's not important and will only stress you out after seeing all the total losses then you compare if the money is in your hands with being able to buy anything, so I don't think this needs to be done even if you're curious.

Gambling means we are ready to lose, so enjoy the fun and thrill that you have from each game rather than looking back with so many losses, but I also always minimize bets to stay awake with the available bankroll because I don't want to go overboard and imposing in gambling.

Do it only to entertain yourself. That's what I keep thinking in gambling.
If you calculate the amount of budgeting that has been spent on gambling, then the results of the calculation will come out with our final statement as gamblers losing 2/1.

"There is no pretty ending in gambling", it is a sentence that is not foreign to anyone who is involved in gambling. So why don't they stop gambling, maybe they have come up with a good plan. This means that not all the money earned from work is for gambling, but only a small portion is intended to entertain or have fun so that fatigue during work can be lost.

There are very few people who gamble for fun and to entertain themselves, but the vast majority do it for money. Gambling is only really fun if you can be responsible with it, but when you can't do that you're going to be in for trouble and all kinds of trouble. This is why all casinos ask their customers to gamble responsibly and recognize some problems from gambling, but many customers fail to understand this because they do not control themselves properly or may ignore advice.

OP, your question, I didn't do it even up to this second.

in my case, as I see gambling as fun, so I don't keep seeing the statistics of my victories and my losses, because it doesn't make much sense for me to keep seeing that, if I was looking for profits then I could keep monitoring the losses and profits. now I ask myself: how many people look at these numbers and have more wins than losses and more profits than losses? because when dealing with gambling, thinking of something like profit is undoubtedly a big mistake, the person starts to put more money in the casino and loses and every time he loses all his bankroll, the person makes more deposits in the casino

the person will continue to believe that with another strategy it will be possible to make a profit, but again he will lose all his bankroll, but he will still make another deposit. unfortunately things will get out of control of that person and he will start to get addicted to gambling, he will sell everything he has to keep playing, he will isolate himself, he will go into depression... look at gambling as a means of obtaining profits It's a big mistake, that's why I don't see my stats, I just play for fun and obviously I've been losing a lot, but I always put little money just for fun, even when I lose I don't get angry or sad, the amount I bet is very small and I place bets sometimes

Well, when I play in a casino, I intend to keep track of my winnings and losses for a certain period of time.  I always look at my cashflows every quarter.  I am only engage in gambling online so it is quite easy to know whether I am on a positive or not.  Lucky, I have not lost that much since my activity is limited to the 20% of my monthly income.  Even with series of losses, one big win can often time offset the losses and have my cashflow in positive.  I hate buying lottery ticket since I always think that it is only a waste of time and money especially when the line is always long.

i never really keep track of how much i lose or gain or lose on my bets each year because i gamble just for fun while supporting some of my favorite sports teams ^{(i don't really like playing slots and dice)}, the first thing that i was afraid of when i did that ^{(counting my losses and profits every year)} was a trauma for me, and for sure it would have a bad impact on my future gambling, besides that, my energy will definitely be wasted because i keep thinking about the losses that i generate every year.

To be honest, I don't see counting the money I lose from gambling, because most likely such calculations will lead me to a fall in my mood. I think this way - if I control my expenses and don't spend money on gambling that is meant for other things, then I am not abusing gambling. It doesn't really make any difference what kind of entertainment I spend my money on. The main thing is that they bring me pleasure, because we live only once. I'm not going to waste my time on calculations, which in fact will not change anything.

This description perfectly describes me. I'm just gambling to activate my happiness hormones. As soon as I feel that I have released some dopamine and a little adrenaline, I am happy and I quit the game. Also, I love football. I have been following European and world leagues for many years. It's a hobby for me. I like to bet to make the hobby more exciting. But I always make sure to be aware of my own limitations. I think betting is never a dangerous activity if we know our own limits. And it is always up to us to use it well.

Well, there are instances I am calculating my losses within a week or month but a year would be thru speculations. Doing the calculation for a year might stress me out so I'm avoiding it as well. Fortunately, my losses are not as big as before because I am able to manage to accept losses whenever I am playing.
Likewise on my end when I moved into sportsbetting in particular with basketball and boxing. I am just betting to make it more thrilling. Setting limitation should be a must to all players to avoid frustrations no matter what the outcome is. But I'd say the type of gambling game would help you to do so; one reason is the length of time you'd spend in every game. In sportsbetting, you'd consume an hour or more depending on the sports you are into which I guess allows the player gamble for less, in comparison with slots, dicegames and others.

Can we loose what we have not yet gotten? Will it be good that I put into consideration the amounts I would have won but ended up loosing, because that will be more painful.

 If it just the amount that we lost, people who have a strict gambling budget can easily just know the amount they have invested in gambling without many calculations. Also the amount will not be hurtful because it is what is planned and budgeted to use.

I don't see the reason of why I would do it. I gamble for fun and when I lose it is what it is and nothing can change the outcome. However , if you gamble a lot or if you are high roller , you should have an agenda for sure on how much time you spend and how much money you've lost during that year but overall , will it help you ? The only think that can help you is self control.  ;D

Nope., i never intend to count all of my losses for a year because it would really be just creating or giving out that kind of stress which i dont really like to experience.They've always say that having a tracking would really be better so that you would be able to see if you are already spending that much or making yourself aware that you are in negative. Yes, it is recommendable on having a track but since i do make use of the amount which i could afford to lose then it would be no sense on inputting all of those informations specially on having that losses. In my case, im sure that im already that negative which its never been that a good idea on keep on looking back into your track just to prove out that you are already that on the negative side.

It would be always that good to mind off about on having that enjoyment on whatever you do make out bets. Its not really that income generating thing in the first place. Therefore, it isnt really just
that right that you should mind on making profits or income into it. Its for leisure thing and there's no point on tracking up those losses, it would really just give you out some depression if you do know
or aware on how much you have spent on a year.  ;D

Sp how much was your loss the last time you calculated it?

Becausemyou said its saddening I Wouldn't try it at all. I have never thought of counting it all actually, I know I lost count of it but I'm not counting anymore because I'll jist regret spending it on casino. If I just play on one casino I think I can easily do it though.

I'm glad you were able to stop counting your losses and also minimize  your bets but at some point, I think counting  ones losses also helps us stay in check and cut down our excesses rather than over betting with hopes of a bigger win someday.

I will have to stand on  the opinion that people you do well to check their gambling records so as to keep themselves in check and avoid them from over betting.
At the end of the day one should be .among profits and not losses and when the losses gets higher than it should be a must to check back your records and figure what the problem is.

What is your main purpose in gambling?
If the main purpose is to earn money regularly, I can understand if it is needed to calculate the losses or the wins. But as far as I know, the main purpose of gambling should be for fun, so why we should count the losses? The fun can't be measured with the amount of money, it is priceless. So if the purpose is for fun, you won't regret spending the money on gambling.  ;D

Well, what we must remember is to limit our money in gambling, it means always allocating the money to use in small amounts and we must be disciplined or commit to the rule (never use money carelessly). If we can gamble in a proper way and have good management to spend money on gambling, I think it is okay. We can't compare the losses and the wins because losses should be more than wins in gambling. If you want to have bigger chances to win, gambling is the right place for you. So, just stop to calculate the losses since it is useless.  ;)

Regarding online gambling, is there really a person who will put an effort to calculate all their losses in a whole year?

I mean, for what? What's the significance of doing that in the first place? Maybe just for the record or something fun? But just imagine the effort it needs, especially for regular gamblers. Aside from that, most gamblers are not playing only on a single site. That was a hassle thing to do.

Aside from that, thinking those losses will just create lots of "if only" in our mind, e.g. I should have a car now, I should have my own house now, etc.

Personally, for me, and no offense to those who are really doing that for real, that is something non-sense for me. No way it can help me in my gambling journey and it might just result in a distraction. Let's focus on current things and take those losses as a reference to become a better gambler managing our bankroll.

It is a good practice to keep tabs of our expenses.  It is part of financial management that can help us see whether we are spending too much on certain things.  Often times calculating the expenditures and where we spend it can make us realize how much we are wasting on non-valuable activities.  By then we can cut the amount we are spending on not so important things and can put future funds in a more beneficial way.

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I don't calculate my losses yearly but rather I do it regularly.  I keep a tab on how much I am winning and losing every time I engage in gambling activity.  I do it regularly so that I can keep myself from gambling if I feel that I am losing too much and come back again after some time when I had recovered the losses from other sources.

Only for a month and since then I never did it again and will not likely do it again, there's no purpose in doing this it will just frustrate you and will make you feel guilty.

I will just think that something you've spent on entertainment should not be counted the experience is worth the time and money unless you are gambling to make a profit.

But it's not good to calculate any of your expenses because you have to spend for everything you do that will benefit you so it's basically useless.

You are confusing things, you should not have those post-loss calculations, you should have them before, if you lose $1000 or better say if you are going to bet $1000 and lose it, nothing happens, because those thousand dollars is the equivalent of losing $1 in $100 betting equity, or for others using a more rigid loss adjustment is the equivalent of losing on $1000 equity.

1:100 or 1:1000 is one of the ratios that players should expect to bet on. In other words, if you lose $1000 you must have a capital of $100,000 or $1,000,000.

There is that adjust their bet, or in other words, do not use money to bet that you can use for an investment.

There is something called building a bankroll, it is a long and diabolical road, it requires patience and planning, how to think, instead of betting I am going to invest my money in a bungalow, and thanks to the cryptographic casino I can make bets of $0.0001, something that does not exist in a fiat casino, but maybe a bet of $0.01 will work for you and you can have both bet and have a bungalow. :)

Lucky!

It would seem that most people do not actually calculate all their losses in the year. I guess they either have too much money or plainly could not even be bothered. Which is completely fine by me, but speaking for myself, I like to know what is going on in my finances as well as the gambling losses and wins. I find that if you have a strategic and careful mind, you tend to not lose your entire life's savings in a single unlucky day of gambling  ;D :P

But thats just me. I also calculate how much maximum money I decide to gamble with every day. It takes discipline to follow through on your own rules, though. So its not really for everyone.

At the beginning days I used to watch the statistics of my gambling activities from the gambling platform provided on request. I never make calculations, and stopped looking for the statistics after a big loss happened. I was in profit for the very first time and I was making bets in $500. This is completely unexpected and I was winning most of the bets. This didn't last for longer time period. Not even for an hour, from there I never look the statistics of my bets. Hope someday I'll have good fund in excess and I'll gamble and watch my win/losses for the year.

so you really calculate what's in and out in gambling for you? actually, that's hard if you are playing in different casinos. also, for me - what's the point? you will only feel regret, disappointed, depressed or whatever negative feeling when you see a large chunk of your money was lost into gambling. so i don't bother counting my losses. when i used that money, i considered it as a loss and there's no going back.

I spend $20 a week on dice for a year, and there are only 4 weeks that I haven't played at all due to personal reasons or due to a busy schedule. In total, that's $960 down the drain that I used for my entertainment, and I'd say that it's something that I'm okay spending compared to when I have a hobby that is quite expensive and needs regular maintenance just to ensure that everything is intact or that I am enjoying it constantly. Also, $960 is something that is quite easy for me to just let go for gambling considering that I don't spend much, and I am saving a lot from my salary anyways so there's that.

Yeah, when you're gambling for fun there isn't any need to calculate the spending. You spend what is been allocated same as what you allocate for entertainment or something else. When you're focused on making income through gambling, then having note of the losses will help you realise how good/bad is your gambling activity. In all means it is the self control that can keep you away from gambling and not the calculated data of win/losses.

I know that I have made quite some bad loses in gambling which had made me to be very careful the way I make bet and go to casinos to bet. I took some decisions that really aid me from spending too much on gambling. It is not easy for us to be making consistent betting and we keep seeing ourselves making loses that could make us to keep asking questions about the strategy we are using and what is wring with us.

I have some friends that always make winnings in betting everytime and sometimes I ask myself why I don't make something Iike that, I realize that most of them are taking serious risk compared to my kind of betting.

Gambling produces two outcomes: profits and losses. We calculated the number of times we've encountered profits in a year, which would undoubtedly make my day smoother; I don't bother with anything that doesn't provide me a peace of mind; we're the source of our own happiness. Losses are inescapable in the gambling sector; sitting down and calculating the large losses incurred throughout the year will only aggravate my pain and make my mind emotionally unstable, and it is not appropriate to disrupt our attitudes. I don't spend my time figuring out what will make me unhappy; instead, I spend it having fun; life is short, and we should make the most of it.

You guys answer to yourselves.


I bet with money I can afford to lose, and I don't count losses because I know that casino games are EV-. I play the lottery very occasionally but even though it is EV- the attraction is the big prize.

But man, have you spent what you could afford to build a bungalow on the lottery? Well, you know what you have to do, don't play the lottery for a year and build a bungalow, you have the solution right in front of your eyes, said by yourself.

I imagine that you live in a low-income country where buying land and building a bungalow is not very expensive, but even so you'd better save and don't gamble it on the lottery.

I don't do this, I never calculated all my losses in a year because I know it will just get me frustrated. But, whenever I take my profits I try to make the best out of it by enjoying using the money with my family. That way I will forget about all the losses that happened in my life.
It's not different from computing all the money spent on other sins. Smoking cigarettes, for example, one guy also asked me the same question if I have tried calculating all the packs of smoke that I bought over a year. It made me realize that I am really spending a lot and it could've been saving for my kid's college tuition fee. So I quit smoking.
But, gambling is different and I don't think it's easy to quit it. It's not like you are just spending it like cigarettes or alcohol which we consume and do not get back anything, in gambling there's a chance you can make money, withdraw it, and then enjoy it. That may also be the reason why I won't try to calculate how much I spend on it because I also forgot how much I took out.

I only use one sportsbook for my sport betting so all my records are on the system, already I always knew how much I made in every year because I keep track of that manually but for the losses I just visit the platform and look through my betting history to see how much I lost.

I try not to keep manually tracking on my losses so it doesn't discourage me from continuing gambling. But It's very necessary for me to check my losses at the end of the year because I try to see how much I made in total for the year after removing my loses and capital.

If you don't pay attention to this small details, you might be thinking you're making profits but in reality after doing those substraction, you would find out you're in loss or didn't make as much profit as you were expecting and that's how all business or betting year turnout.

Our aim is to ensure that our profits surpasses our losses in gambling. We implement any good strategy convenient to our space, only then one would be happy to be on the winning side. It will be depressing and regretful. Particularly when you do certain calculations weigh back, I often wonder why one chooses to sit down to carry out calculations on gambling, what are you hoping to see in the first place? Gambling can result in both profits and losses; at the end, either option will be selected. It's futile to go over how much money we lost gambling in a year. We take risks in order to maximize our revenues.

I also stopped calculating my losses, because it didn't give me any real benefits and only made me fell depressed. In the past I used to have an excel spread sheet where I put down all the money that I won and lost in gambling, but over the months it got to a lot of money and when I looked at the sums I felt really bad about it. For some people it might be interesting to see how much money they spend in gambling, for me not so much anymore. One point of summarising all our gambling endeavours is that it can be misleading. There are a lot of swings when it comes to randomness based games and this will inflate our loss numbers. Let's say you first won 1,000 USD in gambling only to lose it again 2 weeks later. Then your loss will show that 1,000 USD even though you never heard it in the first place without gambling. Only in poker I still keep recording how much money I play with each week to see how my swings are and if I am still profitable.

I'm just wondering if there are gamblers who calculate the total amount of losses in gambling in a period of 1 year or 2 years or even that is just like wasting time calculating losses. on the one hand, to be honest, I myself have never counted my losses on every bet I made because I only gambled to enjoy my betting sessions faithfully without thinking about how much money I had spent having fun.
If you calculate the total loss in gambling when you want to have fun, it's the same as calculating the amount of money you spend in several places to eat.
so you have the right thinking to stop counting all your losses in gambling.

You'll just not feel right when you're counting your losses. You're not a businessman to count all of your losses but you're a gambler and all that matters are your winnings.

Kidding aside, there's half truth on that and it depends on how you look on your experience and gambling activities. If you think that it's important for you to track your losses, I guess everyone does but it will only come once or a few times that you'll think of counting all of it in a year or with your entire gambling career.

Yes, calculating all your losses from online gambling can be a real downer. Especially if we take into account cryptocurrencies and their tendency to gain value over time. For example, Dogecoin. Imagine if we had just held onto those coins instead of using them for online bets. We could have been sitting on a virtual goldmine!

But hey, we can't go back in time and change our decisions. What's done is done. Instead of dwelling on the what-ifs, let's focus on the lessons learned and move forward.

That is what you call self-awareness. By stopping doing it, you just simply told that you are afraid of the fact that you are wasting money. That you are doing something wrong. BUT.. the good thing is, you did something about it and put yourself in a better situation. That is minimizing your losses. Constant review for a year would be a great help just like OP did to how and where you can adjust. Don't avoid it. Conquer yourself and be a better human being. Maybe gambling gave you an opportunity to reveal your character flaws or methodologies but who cares. As long as you do something about it that would make you a better human being, that is a W.

Fortunately, I never count my losses ;D

Every time I play and lose, I just let it go, never record it, and even try not to remember how many times I lost. The important thing is that I still have a balance in my gambling account so that I can play gambling again the next day or the next few days. I'm not a businessman, so I don't count the losses and profits and don't use gambling as a place to make a profit.

I’d rather not do it, it’s not going to serve any positive purpose if you’re down. Providing you only gamble with amounts that you can afford to lose then in reality you have a good strategy going and there’s nothing to panic about. Try to look at gambling as a hobby, something you enjoy, just have fun and never get to a stage where you are relying on potential winnings to pay bills. Once again, only gamble with amounts you can afford to lose.

There are better things in life to do other than calculating your losses, the money which is lost and cannot be retrieved.

I agree that if you start to calculate your losses in gambling, you can never be happy playing gambling because those losses will trigger the back of your mind, which would be a hurdle for you in gambling with motivation and fun. The best way (and the most difficult ) to get over your losses is to set aside a certain portion of your money dedicated to gambling and make up your mind that this money will be lost. In this way, if you win, that money will be a bonus for you and if you lose, of course, you know it was for gambling fun, and it's gone.

If you want to stress yourself then count your losses but if you gamble to have fun, then better to focus on the positive side instead of worrying about your losses for the whole year.

Though its ok also to know this so you can plan ahead and decide if your gambling activities is too much already for the whole year. I’m pretty sure you also have some good profit and that adds to your total losses, better if you have monitoring from time to time if you really concern about this.

No way. Then in the end, will have the feeling of being regret?

Loses are bound to be forgotten. Don't compute for it but rather take those losing experience as a foundation to be a better gambler while progressing. Computing all our losses within the whole year is hassle and time consuming and after we finished doing that, it won't give us any benefits or advantage.

Even maybe just for fun, I will not consider doing that as I'm playing with several gambling sites.

I tried this last year and its very disappointing knowing how much money I’ve spend in gambling, I actually regret doing that and will not look at all my losses this year because its not worth it. Anyway, as long as you gamble with your extra money only that is meant for some fun then its fun. Some sites have the anniversary updates where they updated your account about your winnings and your losses, so you can know it even if you don’t want to.

I am happy without this info tbh, once I requested overall lifetime account statistics from the VIP host and it was depressing to see the accumulated numbers over the years. Ofc, house edge has done its work and I was in a negative during all these years. Sometimes gamblers fall into thinking that it shouldn't be as hard as it sounds to beat house edge but in reality house edge is the bias set by casinos to make us losers. Accumulating a few tickets each week and focusing on the few hours of gameplay per week is the best way to treat gambling for me.

It is only those who are not addicted to gambling can count the number of games played a year. And can not be happened for chronic gamblers because the number of tickets played a day is enough to pay bills. So in the year, the tickets will be excess. And they can't even remember how times they have visited the casino hall. And seeing the games your loss might give high blood pressure. So instead just forget about it.

Well, there is a point to my method, actually there are two points.

First, if you make the event of gambling a self-disciplined and hard earned reward, you will find the act itself to be more trouble than it's worth and therefore you will want to gamble less often. Second, while house edge always has an advantage, you can still hold yourself back from going off the deep end as long as you hold yourself to your rules.

In one year? No. But I sometimes checked my previous wager (in online casino) to see how much money I lost already. It doesn't mean i'm regretting my decision that I gamble since it's not that much, but more on thinking how many times I won because it's rare.

IMO it's not good to count your losses and think of what you can buy at the price if you didn't use it to gamble. It happened already so don't dwell on the past because it can only make you feel depress and later have regrets. Hence, if you play, it would be best to not track your losses and just focus on the present. Just make sure that you're not playing with the amount that you can't afford to lose, so it's not hard to accept the reality of experiencing losses because that's likely to happen if you gamble your money.

I used to calculate my own gambling statistic in the past by using an excel sheet contains of complete information related to my gambling activity. Starting from date, deposit amount, withdraw amount, profit statistic as well as the name of the casino. I did it to help myself in managing my gambling funds so it will not affect other funds. Unfortunately it was not last long because I started to be lazy to do it after several weeks. How about a year calculation as you ask? For sure I have never tried it and I think I will never do it.

It would be better to reduce the amount of money to gamble so that if you calculate how much you lose in gambling, the amount will be less.

I never counted but maybe I just looked at the numbers and forgot about it. But I am very serious about not overstepping my limits lest I lose a lot of money gambling. I know that gambling, there will be more losing moments so that's what I have to reduce.

Calculating gambling odds figures would be too many and a headache, so I have never calculated such odds because in gambling, losses will win. The pattern of gambling is never long as each time the bet is made differently the amount of the bet is different. It should be played as a means of entertainment and if the risk is high, it should be stopped for the time being. While this has done a lot to ensure, these payouts you choose to an excellent gambler do affect how long the places take to help you reflect.

I think if one can mange the emotion that comes with counting gambling losses it won't really be bad if the keep counting because that way it will help make better budget either to cut down on their betting or maintain the same pace. It won't be advisable for someone who lost so much in previous year to increase the betting in preceding year that is why I feel to stop counting might not be the best practice for a gambler

Therefore it would be better if gambling always plans funds that must be prepared to lose by a small amount so that there will be no regrets when one day you want to calculate the total money at betting.

Yes, rather than regretting after seeing the number of losses, it is better to use the funds we can afford so we won't be sad. But there are still people who bet more than their budgeted funds and in the end, many experience that defeat. It just wouldn't be worth the risk, so they should reduce their gambling budget. If they can think clearly that gambling does not give money quickly, they may not be so eager to play gambling.

It is almost impossible to count your losses, if you win and you also withdraw your losses and then deposit again and also count all the money that you spend on lottery tickets and also count the small amounts that you win.... but with a great deal of effort, it might be possible.

If you are going to do that, then you should also calculate the amount of money that you spend on other things, like Fast food / Movies / Streaming services / cigarettes / Alcohol ... etc. The total amount will also astonish you, because it is an expenditure over a long period.  ::)

What a wild thought, right? It's like throwing a wide-angle lens on our bread flow, catching all the ins and outs. The big picture of finance isn't just about marking where the dough comes from, but also noting its disappearing act. This, I reckon, hits the nail on the head of your argument.

On the flip side, the grind to keep tabs on every nickel and dime can feel like climbing Everest, more so when we're talking about those knee-jerk spends or the losses from dicey bets or scratch-offs. Yet, if played smart, this whirlwind of numbers could spin out some eye-opening patterns and turn on the light towards major bread-winning. It's walking the thin line, somewhere between being penny-wise and having a blast.

As for tallying up the bucks blown on other stuff, the sticker shock of that total is well worth the mental gymnastics. The aim isn't to slide into a guilt-trip, but rather to switch on the awareness bulb. As the old saying goes, knowledge is the big boss. Getting the hang of our spend habits puts us in the driver's seat of our finance vehicle, allowing us to hit the gas towards our goals.

I can easily do that because I just put a certain amount of money every single month, and I do not wager more than that. I can't really say if I lost it all, because there were some periods when I won so it is not like it was 100% full on loss, sometimes I got it back.

But at the end of the day, I know exactly how much I can lose at maximum per month, and that means same for per year as well. This allows me to feel right, because I spend about half of one months salary on betting for a full year, and I am not even losing all of it neither, so it is better than that. That has been the key to my success for many years now, it has been about 10 years since I started doing it, and ever since I started doing that, it hasn't been all that bad.

I keep a constant record of all plays/ betting expenditures and revenues.
on various gambling sites I have "blocks" and limits on the total that I can deposit and in general I always keep track of the monthly and annual progress.
Why? Optimizing results and having a clear plan of what's going Is a must for all gambler that doesnt waste (too much) money ;)

Hmmm you got a point as well. And I think it is also necessary for book keeping when you are paying for taxes. Honestly I don't want to track because it makes me sad and frustrated but I think I need to, so that my expenses are organized and I can track if I need to spend a little bit less in gambling and put it on other needs. Hmmm I think I will make an excel file for it soon.

Many players keep a record of all amounts won, but not all amounts lost. I don't think that gives you a pleasant feeling either, if you have to make a list of all the losses achieved, it can't possibly turn out well. Players find it much more fun to keep a record of amounts won by a player. And yet it would be the best for a strategy because that is the only way you can keep your own management if you are going to play or have played with a bank role.

That's a better approach being a gambler but there will always be a gambler that always count their losses. Honestly, if you don't want to see how you're doing, you shouldn't count your losses.

But if it's just for the sake of looking what your progress is then that's up to you if you think it's fine then that's fine.

And if that's how you do it by remaining a few amount for your convenience so that you can still gamble again, that's nice. Because you're planning it well.

If I want to go back and check the amount of loss I have accrued on gambling, it will be impossible because all my betting life has been on the Sportybet and as soon as I sight any lost ticket, I delete it from my bet history. I am doing that to let my mind of the losses I have had, there is no point in checking a prediction that didn't come as I want, I can't frowning face on the past, I do keep my profits though just to calculate and compare with the amount I deposited monthly, this helps me understand how much I have made and if I have been over betting, under betting or just wasting my hard earned monthly money.

This is how should people would really be that having these kind of limits when it comes into their spending and not just that having that no limitation kind of spending through gambling.
In my case on which i dont really have that kind of behavior on trying to look back on how much i had lost in gambling because it would really just stress me out but i dont really mind or really that getting stressed because i know that the amount that i do spend is the amount that i could really able to lose and not really that spending up my life savings. Gambling isnt really that bad as long you are really that responsible when you do gamble. Each of us whether we do really like gambling or not or something that we do really have a past time or something that we would really be able to be
entertained and this is where some people do make out some choices to gamble or other activities on which we do really be able to spend our time.
Calculating losses is something that not that important because if you do really look up with those numbers then you might regret it.  ;D

This is a question that, in my opinion, is definitely only done by a few people because the majority immediately forget how much losses they experienced when gambling every day. and I myself have never counted how much money I loss on gambling in a year, I really can't do it  :D

It doesn't feel like you are losing a lot when you are losing it little by little but when you count all your losses, they will definitely sum up to be an amount that could be of great use in your life, and it can be depressing obviously but I believe that can also motivate you to stop gambling or at least reduce your gambling activities so that you don't lose that much money again in the future.

I personally never did that because I don't keep a count at all about when and where and how much I have spent on gambling, but I'm sure about one thing which is that I have lost a lot of money if counted and summed up, so I just can't do it but that's just an estimate.

I think budgeting is like the best thing you can ever do with your money. In my opinion every gambler should at least try to calculate their monthly loses and should calculate how much of it can be covered by their wages. Regular microsoft excel can help a lot in such thing. I understand why many gamblers consider it as very painful experience BUT it can help with your future of gambling. If you can handle your funds nicely with amounts given, you can actually start to feel even better gambling. Don't treat it as nightmare guys.

When I played gambling at that time I was aware that gambling had the risk of losing money, so what is the point of calculating losses in a year or years I gambled, I thought it would only make us discouraged and regret that defeat, so why count it? nor will it serve us to regret the money we have spent on gambling nor will we ever get it back if we do the math.

Everyone knows that regret always comes last, so don't ever regret the amount of money that has been spent at the gambling table, whether it's offline or online, the point is to just keep playing looking for fun to get lucky at gambling, whether it's gambling in casinos or sports betting, stop to calculate losses. play with money that you are prepared to lose it.  ;)

I don't think it's even a good idea to be counting the losses over time, it may sound to discourage one from gambling seeing the numbers of attempts made and how everything has resulted into loss, though some gamblers may be that good at keep records of every gambling attempts they made for reference purpose but this isn't also a good idea because it has no important use of where necessarily applicable.

Honestly, this has never crossed my mind. But now that you have mentioned it, I will go ahead and give it a try. It is part of being a responsible gamble. It shows discipline and responsibility. However, my records would include to wins and losses. I'd do this for 6 months and see what comes out of it.


You may not even be the only one in this ship. If other gamblers do the same thing, they would be amazed at how they have lost and where those lost monies who have gone into that you have made their lives better.

Have a plan, set a gambling budget. Be accountable to someone. If you can't do it, go on self-exclusion.

And this is the problem that happens to most gamblers. yep, they count or remember their losses within a certain time. As a result, without realizing it, we often play just to catch up on losses instead of enjoying the thrill of the game. be it sports gambling, or a type of casino gambling.
Imagine, as you said in this thread. if you do the math, you can buy a tricycle. even though you were very aware before, gambling is entertainment that contains risks in it. but to be honest, I have experienced it in the past, I lost the contents of my savings for 1 year. I spent it at the casino offline, even I still remember what game I was playing at that time. well, if we try to calculate it, you will only get pressured psychologically. because after all, almost 99% of the money that has been lost will not come back to us.

So, what we need to change is the mindset. gamble just for fun without expecting high wins. in particular, on slot machine games. doesn't mean, we let our money just disappear. it's just that, we change our mindset to make gambling a part of fun entertainment. but with conditions, money that can afford to lose and without affecting our finances. That way, you and I can enjoy gambling more relaxedly without being pushed under high pressure.

Yes I have made this kind of thing before and even went further than that and added up all the money I spent gambling over the years, and in my particular case the amount is not that high, now some people may argue that you may have spent that amount of money something else, and while that could have been possible, at the same time we need to entertain ourselves from time to time, as it is impossible to just work and save every single dollar that we earn at our jobs.

Even if you do that, later when you sum it up and calculate things like yearly or lifetime losses, it makes you feel depressed.
On one hand it's important to keep track of your losses, but on the other, if it only makes you feel bad and disrupts your daily routine, maybe it's better if you don't do it?
I know my loses +/- 20% but i try not to think about it and especially, like OP, thinking what I'd be able to do with the money.

Have once calculated my loses before and I felt like I was just a failure to myself, I calculated the amount have lost in gambling, I was just thinking if have used the money for another thing it will have being better, but all the money have being wasted. So since then I don’t even disturb myself calculating the amount have spent on gambling so that I won’t end up being depressed, any amount I lose is gone and I don’t have to start making any calculation, it won’t bring back the money that I lost and it won’t solve any of my problem, rather it’s going to add to my problem.

That’s the main problem most gamblers are always having, the more they keep on winning, the more they keep on increasing their bet thinking it’s their lucky day, but they don’t know their is nothing like lucky day, at the end most of them will end up losing everything again. As a gambler we should always know when to stop gambling even if we are winning.

You will think if you didn’t use the money to gamble, you will have achieved a lot if you use the money for other things, but don’t be surprise that even if you don’t use the money to gamble, then you might not be able to achieve those things that you just said, but since you wasted the money on gambling then you will that thinking about different things.

What's the point of calculating losses in gambling, unless you plan to quit gambling or save your expenses.
I'm not going to do it, I don't even want to count the winnings. I have to be someone who takes responsibility for what I've done, including gambling. So when I want to calculate losses, then maybe I already want to quit gambling or maybe not spend much money with it anymore.

I currently vote No at your pool, so what's the conclusion?

^We are the same I also voted no because I did not experience this but I am thinking right now that it has a good benefit to us to count our losses sometimes when we have free time. Probably it will help you understand the financial impact of your gambling activities and provides a realistic assessment of your overall performance. By quantifying your losses, you can gain a clearer picture of your gambling habits and whether you are with your financial goals. This could be by understanding the extent of your losses, you may be motivated to adjust your habit, set limits, or seek assistance if necessary when you think you are in an addiction zone.

No wonder you got upset when you did the math. The problem is that it was a large amount if you look at it "at one moment", but you spent this money during the year and they gave you emotions in return. Wasn't it a good deal? If you calculate how much you spend on optional entertainment (such as food, alcohol, cafes, etc.), then the amount will also be impressive, I'm sure. But isn't it worth it? After all, we live to try to have fun and not suffer by limiting ourselves in everything.

If there are possibilities to do so, then I believe anyone would.
Does anyone really have the time to put down, on account, every penny that leaves through his prior disbursement?? I don't think so..
Is only gonna be possible for peeps that operates with gambling sites that encourages the filing-up of several losses or gains over time...I'm not gonna say I've known a site like that though, but I feel it's actually a nice option any site would wanna improvise on.
Thirdly, it's always good to know the average spendings per year or so... That would actually play a vital role as to when you've a choice - depending on the outcome of your annual extimate - if you're supposed to continue wagering on them games or not..^{I believe no one needs to tell you that it's actually a waste}

Sandra 🧑‍🦰

This is what im really that trying out to avoid on which i do really know into my mind that it is really that im really on the negative side but i never intended ever about on calculating because for sure those amounts
would really be that big or something significant and on the time that you would be knowing those numbers then this is the time that you would really be that get depressed and really have those anxiety
about on the amounts that should have been used on other means. This is why its better not to make yourself that wary about such stuffs and just proceed and make yourself that play according into your budget.
As long you arent really that compromising your finances then it should be fine.As long you do treat up gambling for entertainment then it should be fine.
Never ever trying to look back with those loses if you dont really like to get stressed and always having that kind of feeling of regret.

I have no time to calculate my losses its predictable you will have an idea how much you already bet if you stick to your allocation and you also stick to the number of days in a week that you play, and it always hurts if you look back to your losses, there will be a could have instead of bought this reasoning if you decide to count your losses, you always leave it to the past and move on after playing whether you win or lose.

It hurts of course, but by calculating these losses we can correct our gambling for a year and how much profit we also get. So that way we have guidelines about boundaries that should not be crossed.
if you only get losses, then you need to consider stopping for a while. if there is still profit then do your best to add to that profit. Gambling really must have good financial management, don't use all the money to gamble it will hurt when you lose it all.

If a player wants to record all the losses he has gained over the course of a year, it will be even more useful in my opinion if he also records what types of games he often loses so he can make the decision to keep playing that type of game or change to another if he hopes to make a profit.
But I have never counted it and I also don't intend to calculate it, because so far I can still control every gambling activity properly and also really only use money that I really can afford to lose so whatever the result is, it doesn't really matter whether it's for gain or loss.
Because we mostly play at a crypto casino, we can use a special wallet that is only used to make deposits or withdrawals from the casino, so that in history we can know that for the one year, our game is a surplus or a minus, because by recording it manually it will require consistency to record it so that nothing is missed.

It's too painful if we look at the gambling records because we will find that it turns out that losing money in gambling is more than winning. But surely someone has made a record of their gambling to ensure that they are still on the right path so they can still play gambling whenever they want.

And we must indeed have clear limits when playing gambling so that it will be a reminder for us not to exceed the budget we can afford. I agree to take a break from gambling to release emotional tension after gambling and if you are lucky to win, enjoy it while you can get it.

What I did was not count losses, but calculated how much money I spent in one month on gambling and compared it to how much I got from gambling. By doing that comparison, I will be able to conclude that my gambling activity is profitable or not. This will also help me to see how my strategy is in gambling and which games are profitable for me.

Now counting the losses can affect you in two types. If you count your losses, then you will regret that, if you have saved that much, then it could have helped you in multiple ways. On the other hand, if you count your losses, then you will understand how to manage the risk next time you bet and have good motivation to make more money. So yes it depends on people to people, if they really need to calculate the losses they made. As of my knowledge, I have seen rich people only bet for fun, so they don’t give a damn if they lose big amount.

I used to apply this to every trading and gambling I did in 2021. And i really aggree with you, doing calculations when gambling can limit expenses. Because we can see the nominal every losses and win we experience. Indirectly it can affect psychology to stop or continue to playing when we lose or win. Unfortunately, I didn't continue for a full year, I think only about 2-3 months.

People who have allocated a fixed budget for their gambling activities and those who are good with bookkeeping can actually do something as you suggested, using an excel sheet to keep a count of the losses and wins from each gambling session within a month and then see how you did in that particular month, one can even keep a count of the total budget spent and once that is exhausted, they shouldn't gamble more for that month.

But it is something only responsible gamblers can do because they can control their urge to gamble at any time even if the budget is already out for the month, an irresponsible gambler wouldn't care about that and will probably deposit and gamble more if they have funds at hand.

In fact, this is actually quite good to do when you are trying to calculate the total deposit that you made into gambling, whether it's online or offline, because we really know how much we spent on gambling, but on the other hand, this will make you regret what you did at that time. other side.
I personally take the second option in this case and don't do any calculations that I spend while I'm gambling.
The reason is simple, I don't want to think too much about the gambling that I have done because this actually makes me have negative thoughts. I always emphasize entertainment and hobbies that I do and I also don't make a big deposit just as entertainment. When it's gone, there's no need to add it to the budget every week/month so I don't want to burden myself with that calculation.

I never support that you stop calculating your betting losses. If you keep track of what you're doing every month or year, you'll never go wrong. Betting losses should be calculated at least two to three times a year. Many people like you participate in betting hoping to win the jackpot but they never win the jackpot. As a result they lose a lot of money due to this greed just like you. So each of us should keep ourselves alert by calculating the pitfalls of gambling platforms.

In particular, I never calculated betting losses. But if I were to calculate my betting losses I would be broke because I lost most of the bets and lost a lot of money there.

Maybe what the OP meant, that he tried to flashback by calculating how much he lost if accumulated in a matter of years. and it turns out, the results are quite fantastic when collected, roughly the conclusion is like that. but in fact, without needing to count, we are very aware of the money we have spent on gambling. I'm pretty sure, many of the gamblers can guess more lose or win.

Well, the problem is if we think that gambling is a hobby, don't ever expect to return the money we have spent. because most hobbies, will always spend money especially if we have to calculate how much money has been spent.
IMO, the essence of having fun is lost if we try to count it. however, that does not mean we also let our money just disappear. which in essence, this one hobby will be very risky. and someone who likes it, must be well aware of the consequences. in short, the way of thinking is like this if we refer to hobbies.
But if someone wants to be professional or as you say. someone can try to do flashbacks to become material for study or consideration. that is why, it is important to have full awareness that the money we are going to bet is ready to lose. meaning, play according to our abilities and without ending with regret.

After all, not many people have the time to calculate the size of the loss from gambling because I know it's just a waste of time, even if you want to calculate it's useless, you will regret all the money that has been spent on gambling, a feeling of regret must be there, therefore I'm sure no one will want to count all their losing expenses even their spending on gambling.

On the one hand there may also be a positive value when calculating losses because it can help manage the budget afterward so that it can be controlled again so as not to experience even bigger losses, but maybe that's for gamblers who play seriously not gamblers who play just for fun on average they never care about their losses or the losses they experience while playing gambling.  ;)

I did, not only to put into perspective how much I'm spending on a bankroll, but to also think of strategies and ways to make such bankroll lower and still play fulfilling and satisfying games. Thus far it has helped me immensely in redirecting necessary cashflow into something else that's much important than gambling and had even helped me discipline myself and control gambling urges at times, especially if you've set a limit on your bankroll like me (as high as $5k per year).

It's something that I would like to advocate every people do, as it doesn't take no mathematical genius to figure things out, plus it's really helpful in the abovementioned pointers I mentioned. Counting your losses isn't you gaslighting and manipulating yourself into building guilt from losing that much money in gambling, it only really opens your eyes to the perspective that you have to see the most which is how much has gambling taken over your life.

Even if we want to stop gambling why is it important to count the amount of money we have spent, because in the end we also cannot get back the money we have spent on gambling. To save costs, people can standardize the amount of money used for gambling and it is important to determine the amount, the goal is so that we know when to stop gambling with the amount of money we have spent and in this way, we can be responsible for the money we spend to gamble.

Calculating the amount of money we spend on gambling will also not give us the awareness to stop because consciously know that gambling will not provide stable profits at any time and what we need to do is set standards in spending a budget in gambling so that it does not affect other financial sources.

Not only rich but a lot of regular gamblers don't keep a record as well, so even if they want to count their losses after a year or so, they won't remember how much exactly they've lost in gambling and how much they've won or lost throughout the year or the total span of their gambling endeavor. If someone only uses a single casino all the time, they might be able to see their gambling record from there, but most people use multiple platforms.

Basically, counting losses can only motivate someone to not gamble a lot they've lost a lot of money that could make a difference in their life if they had saved that money, but that is never possible, we can never save the little money that we have at the moment but we only think we should have some time in the future.

When we make calculations, we must avoid the trap of different scales. When we look at our annual gambling spending, we tend to think about our budget for a month or maybe even a week, but in fact, these expenses should be compared with our annual budget. Perhaps in this version they will not seem huge or so large as to cause negative emotions.

This should be there, some kind of portfolio or summary of our gambling, both the nominal we spend, the losses we experience and also the profits or wins we get. So that we can consider the plus and minus sides, and can better understand what to do. Because if not, sometimes we have lost a lot and we are not aware. This is very bad, especially if we experience addiction to gambling. Recapitulation like this can be material for evaluation and control for us to make money wiser in gambling. But the problem is this is not easy, especially if we are lazy and don't do it routinely. Or especially if we lose a lot, we feel lazy to record it. Because of that, it takes a lot of determination to be able to make all of this. And I think, unfortunately not many gamblers do this.

No, I feel like it is a hassle to do and would ultimately just be a waste of time for a lot of gamblers. unless they are documenting their gambling activity as part of their strategy of managing their funds or as a way to know how much money they gamble every session, monthly or annually. although it can be good that you document your gambling, it can also be mentally draining when knowing how much money you have lost.

good for you, gambler or not, mental health is always important and should always be prioritised.

You don't have to start calculating your loss, money lost will never come back, you calculating your loss, you are just trying to add salt to your injury by calculating your loses, if I notice have lost so much amount, then I will just try to reduce the way I gamble or the amount I gamble with. Even if I calculate the amount have wasted on gambling, I won't still feel bad, I gamble with little amount I can afford to lose, and am always having fun whenever am  gambling, so I don't care losing that kind of amount just to make myself happy. The only people that gamble because they want to make money are the only once that will feel bad after calculating their lost.

No, I have never done these calculations, as I would certainly be quite scared.
What I know for sure is that I lose more than I win, I know that because every month I make contributions to meet my "need" in gambling, there has never been a month in which I managed to place bets only with the profits I got from the wins, but there have been months when I reduced the amount spent on my bets.

I'm not worried about that, because I play for fun anyway... obviously if I were to count how much I spent in a year, I would have a very expressive amount, but certainly if I didn't spend that on bets I would have spent it on something else, because it is an amount that I consciously reserve every month for this purpose.

However, for those who are out of control with their spending on gambling, I agree that doing these calculations is a good way to analyze your actions and rethink the amount that is being spent on it.

While winning, enjoy the victory, don't let it turn into a loss and get nothing. Luck will not come twice and the win is set by the dealer. So you have to be smarter and don't use emotion. for people who no longer have emotional control or control of funds, then destruction will come. They only burden their minds with uncertain wins, of course, in the end, many losses.

It's only regrettable if the purpose of gambling is to earn more money. We might say that, what if I just save all those capital that I risk when playing? That would still be equivalent to the money that I am trying to win or maybe more than that.

Lately, I am trying to calculate my previous losses in gambling and that effectively stop me from betting nowadays. Maybe I will only come back next week or two and I will try to improve my betting style again for the hundredth or more time. If you can't count your own losses, maybe you are guilty but at the same time you have no plans of stopping gambling. It's fine as long as you are still playing little by little.

To me, counting and keeping track of loses is not productive. Why? Because it can induce and encourage anyone of us to chase those loses and even if we do not do so still we will end up feeling depressed and realize that we could have used that money in different activities (As OP did).

Since we have agreed many times that gambling is supposed to be an activity about entertainment and not profit, then we should assume we can/will lose our wager completely as soon as start to gamble. Basically, paying for fun.

I do not keep a track record of the money I have spent on movie tickets or travels because I pay for the experience. We could say the same about gambling, just keep that in mind and let those losses to be forgotten forever, you may be happier.  :)

I suppose I was compelled to check it. I used to lose way too much money playing both casino games and sports betting. I wondered if I was experiencing some bad luck or negative energy. It kept me up all night since I had to calculate my gambling losses and gains. To be very honest, I had no idea what was going on. My pals made fun of me, saying that I had offended the gambling god and had to stay away for a few weeks to make up. When I think back on those moments, I laugh since that is when I learned some worthwhile gambling techniques that is helping me till this moment.

Sounds like a waste of time. And a massive factor for depressing yourself. If you're in the mood to have those two in your life then I guess it's fine but eh, I have enough of those already.

I did this a few times when I first gambled though. I only gambled small manageable amounts so it was easy to take track of. It already caused me to be quite depressed (yet still gamble actively) back then, imagine now with the amount I usually bet.

Oh yeah. On the main website that I use to gamble, you can run a search for like the past 7 days, 14 days, 30 days, 90 days, and so on.  It will give you both how much you've deposited as well as how much you've withdraw, as well as the net difference in deposits and total current balance + how much has been withdrawn.

I think it's very important for people to keep track of this kind of stuff that wat you're holding yourself accountable, or at the very least making sure you're not losing too much money.

Depression occurs when one considers losses rather than being grateful for the available profits. Gambling has benefited some people while inflicting significant losses for others. I'm applying a new gambling approach that will allow me to play twice a week, increasing my chances of profit and decreasing loss. It's a waste of time because there's nothing to prove because losses are no longer important, especially when they've happened. I constantly look forward to a brighter future, rather than settle for some bad experiences dealing with my losses.

I agree, do not calculate profit or loss, if we keep doing the calculation will make us feel crazy because of the amount that we might not have expected before.
But this applies to people who are looking for pleasure in gambling, they must have financial arrangements so that they are not excessive in gambling, it seems when we do not have a budget limit in gambling, if there is still a balance in our wallet, it feels like itching and ambition Always encouraging to continue the game, I think it's very immature and have a bad effect on finance if it can't control it.

To be honest, I have been actively gambling for one year in one casino without having financial management, then I feel curious about the total number of my deposits, it turns out that the amount is quite crazy and I think it's enough to buy a car or home, yes this is really unnecessary There is a comparison, but if we have financial management, maybe I can still save to buy other needs, besides having fun in the casino.

It is a better choice but only a few gamblers can do it because most gamblers always use their winnings to continue betting sessions with the aim of having even bigger wins.
Greed always appears in a gambler, especially if they have seen friends or other gamblers get a big win, the desire to be able to have the same win appears and makes them forget about the risk of losing money as a whole.

I myself am no longer surprised when many gamblers are like that because I myself am the same.

I also agree with you two. Perhaps I might do this kind of counting thing if I will gamble daily, but I am not. I just do it when I feel like it, when an event happens, or something big came out that is giving enough profits to be inviting to bet for.
For those who habitually do it, then maybe it's a must to make a spreadsheet and input all the money they are spending. That way, they will be able to realize if it is getting out of hand or not.
But there's a downside with that kind of strategy. The chasing of losses. For example, a gambler sees he is down by $500 in his records and he want it back, it may become a deciding point for him to go back into gambling and try to chase all that losses.
So again, this will depend on the discipline of each gambler and a record doesn't mean it's a good thing.

That's right. Most people don't enjoy their wins because they continue to gamble, trying to win more money. And this is what happened when the winning gambler ultimately lost the opportunity to enjoy his victory because of his greed. And don't force yourself when luck is gone because luck rarely stays with us so we have to understand the circumstances. If they could stop and withdraw his winnings, he would surely be able to enjoy it and rest a bit after that big win.

I know a little about the gambling sites you mentioned and indeed gambling sites should provide features like this to always remind gamblers of the advantages and disadvantages that have been obtained in a few days or weeks so as not to spend too much money.
but unfortunately sometimes this feature is in a section that is difficult to find so gamblers sometimes don't think about features like this unless they are already on the front page.

It boils down to the emotions of the gambler, if he has total control of it, then for sure he might get out and not force his luck when he see that he is not winning. But it's really hard to control it when your brain is really hook up on gambling.

And with that I think majority of us will not admit that we might have lost more than winning. Specially if we calculate even in the last 6 months of our gambling activity. Which means it's really hard to make money unless you got lucky or have the control not to bet big. Just simply enjoy the game and who knows, maybe lady luck will smile on you and give you a good winnings.

Even without self admittance, I think the majority of gamblers here is on posing side considering the total PnL our games since we start gambling. We all knew that we start as new in gambling that we are always greedy to chase more profit until we learn on our lossing experience.

I’m proud to admit that I’m still in loss despite I’m already in consistent profit now because the bankroll I’m using now is much lower compared when I’m newbie because I’m not scared that time to risk more money. But enjoyment to the game is really what we are paying on gambling while profit is just next in line for our goal.

*Let’s keep it this way to avoid being regretful on our losses. Cheers!  ;)

Honestly unless it's to offset wins for tax purposes I never want to see that lol.  Probably should because it will show me possibly where I go off the rails to stay away from those sports.  But because I just do it for fun I don't see a sense in that either way.  Probably too depressing as well 😀

I think the majority of the gamblers which are doing so for the fun they can obtain out of it know very well that they are losing money, after all it is not difficult to realize this is the case when you are not making any withdrawals and instead you are just depositing money to the casinos at regular intervals, so you do not really need to take a look at your stats to know that you are a losing gambler, fortunately you are not alone as the vast majority of gamblers are in this situation as well.

I was like that before when I was new in gambling, counting every loss I made until I get carried away and end up regretting. So when I realized that I already spent too much in my gambling activities, I started not to chase my losses anymore and just gamble to entertain myself. Now, I’m still gambling but I learned how to control my expenses and just gamble whenever I have extra money to spare.

The brain is already controlled by gambling and those who are addicted can no longer think about how to strategize so that gambling does not only waste their money. There is no control, so losses cannot be controlled either. Making profits from gambling is still very minimal, more losses. That will happen when you are forced to continue gambling, even though gambling with small amounts of money can also produce, you just need luck and that luck is only given a few times by gambling. there will be a system that already regulates victory and defeat.

the thing is, you will have a headache if you will try to calculate your losses in gambling. not only headache, heartache and all the depressing emotions that you can think of. because if you will really try to calculate such amount, you will be slapped in your face that you are more on the losing side that on the winning side.

And unfortunately, not many gamblers have full control over themselves and still try to gamble to win. This triggers to get another loss without having a chance to win much. Maybe he could win a little but it wasn't enough to recover from his previous losses so he decided to keep gambling.

And it is true that gamblers will not admit how much they have lost and I don't think many gamblers will look at their activities over the last 6 months and see the amount they have lost. If he were to check his last transaction amount and see how much money he has spent on gambling, he might be surprised and saddened to find that he has spent a lot of money on gambling. But the other gamblers can only smile and not think about it too much.

I don't count them as it was impossible to list them all but I just imagine them...
Well, that is something to accept that it was easy to count our winning rather than counting our losses. And aside from that it was sweet to remember those days that we are lucky than those days that we are doomed and hopeless. And what is the reason why we should calculate them in the first place when we know that it only disappoints us and is likely a reason why we don't enjoy gambling as we are now chasing our losses?

This is a risk that must be accepted because even if we deposit little by little, when calculated as a whole, it will be very large to estimate. I don't want that, let's say I'm an idiot which in this case seems like avoiding conditions where I don't want the fact that I'm gambling with quite a lot of money every period but on the other hand if it's something I think it's just will add emotion and make the focus on gambling just for fun disappear because the ambition to return losses then I will never do that because regardless of anything I still like the gambling that I do and the spending can still be said to be worth it with the satisfaction I get receive in game.

It depends, if you were to calculate the amount of money you have spend going to the cinema, restaurants, gifts or video games during your life the amount will also surprise you, why gambling should be any different? After all all of those things are the same as gambling, a way to bring some spice to our life and nothing more, besides the amount I use when I gamble is on the low side so my losses are relatively small compared to other gamblers.

To be honest I wouldn't recommend gamblers to calculate their losses from the past few years, it can sometimes be really depressing. However, if you still want to do it, go ahead but chances are you'll end up with a negative result is really very high.

I feel that gamblers who gamble almost every day or multiple times a week are more likely to find themselves in the negative when they calculate their losses compared to gamblers who gamble once a week or once every two weeks. I believe that only around 1 or 2% of daily gamblers manage to make a profit throughout the entire year. It's incredibly difficult but it's achievable for smart and wise gamblers who focus on the quality of bets rather than the quantity imo.

Don't worry too much about it, If you're having fun gambling and you're not addicted to it then it's okay! Losing is a common thing for every gambler, but I believe it would be beneficial to minimize your betting from now on and try to save more money for other things you may want to do in the future. I mean you could just consider investing in Bitcoin and hodl :D

Personally I do not think there is anything wrong with calculating the losses we have suffered over the years, after all the majority of the people that have adopted bitcoin and are members of this forum have as a goal to reach some level of financial independence, and the only way to achieve a goal like this is to be completely honest to yourself about how you have spent your money lately, and if that means having a wake-up call and realize how much money you have spent on gambling over the years, so be it

Yes, I think that they are accounts that nobody likes to bring up, because they are bad episodes that have been lived, and I know that we as humans do not like to relive the bad things that we have gone through, and that can mean becoming regrets, but it is very useful to do it, with that you have better control over it, for everything you always have to draw many conclusions and above all you have to see how much our losses and gains are, because otherwise there is no way to see if we are Profitable or if the fall It will not lead to an abyss of money that we will never recover again , so it is necessary to have the Accounting of our money.

Gamble for the fun of it mostly and if you attach monetary interest as priority on it you should accept all that will come from it because it is luck base. Bet as you can manage to control when you lose. It always happen that way that when you lose money you begin to worry but the winning comes and you increase your stake to lose higher. To be cautious about how much goes into gambling is a wise idea and the best is to set aside a percentage of how much you wish to bet by the week or month so that you can really have a control on how much wager you want to carry out at the month. Proper calculation and accountability shows good management of gambling habit.

Stop dwelling in the past, our lives goes on as long as we have hope. I've got my sights set on the prize, and I don't have time to settle and calculate my losses because the whole thing is worthless, and I have nothing to prove other than recurrent old deals and imagination. The past is gone, and the present is here; we have to utilize our time cautiously to generate enormous progress capable of compensating for our earlier losses. Spending more time scavenging for promising possibilities rather than settling for regrets, which I understand is frustrating.