Keeping A Record Of Your Losses Will Make You Realize To Stop Gambling

[Best Dreams]

I believe most of the online gambling sites would have the function to allow players to see their overall profits and losses on their account.

Not all, even sportsbet, I don't think they have that kind of feature added in the site.

But I still see some players who have lost more than 100 Bitcoins to keep on gambling almost everyday, I guess gamblers who are seriously addicted to gambling does not really look at their stats on their gambling records.

I think it's not on the a specific amount as everyone have their own range, if they go beyond their range or their limit, then we can assume they are out of control or maybe already addicted in gambling.

Of course anything will be profitable and beneficial as long as you do it in limit. We must maintain our line where we must stop gambling if we are loosing to much and in case of earning as well. Because going beyond limit means we are giving other person a chance to win from us just keep your lose in your mind but never try to recover it and if you are winning then after specific amount of money stop gambling further.

[joshy23]

It still depends from people to people. Even if you have a spreadsheet of your winning and losses this will not encourage you to stop gambling. There are some websites that show your average winning and losses in your profile and yet this didn't stop other gamblers. Even without keeping track, if you wan't to stop you will stop.

It is very useful if the sites them self-provide you the profits and losses overall or month wise etc. This will enable to person to keep a check of how much money is being spent on this activity and is it worthwhile to incur loss if any. If people are in profits, then it is fine as it is an income for them but for people who are making heavy losses would need to learn from this and should be stay away if possible unless they have huge money and can afford loses.

Staying away when you already suffering with huge losses can be track when you have this kind of journals,  people who are still in proper mindsets will determine if they are in need of quitting, unless, you are already addicted then the chance not to value anything is high.
Tracking everything if you have good emotional control will able to lessen the chance of losing huge amount of money.

[Jeremy Franklin]

Staying away when you already suffering with huge losses can be track when you have this kind of journals,  people who are still in proper mindsets will determine if they are in need of quitting, unless, you are already addicted then the chance not to value anything is high.
Tracking everything if you have good emotional control will able to lessen the chance of losing huge amount of money.

I usually track all my bets in a separate excel sheet to track every single bet I placed. This way I have a nice overview which allows me to check how much money I win/lose each month. I also track my average odds and how much money i overall placed on my bets. In my opinion tracking all the statistics, is very important to overall win money from gambling.

[Ziskinberg]

Of course anything will be profitable and beneficial as long as you do it in limit.

That's not true, putting a limit and doing it does not mean you will be profitable, that still based on your skills.
Putting a limit will only make sure you will not lose more than you can risk, that's it.

We must maintain our line where we must stop gambling if we are loosing to much and in case of earning as well. Because going beyond limit means we are giving other person a chance to win from us just keep your lose in your mind but never try to recover it and if you are winning then after specific amount of money stop gambling further.

You don't need to think of this when you have good plans prior to gambling as you just need to follow it with your mind and you have to stay discipline that you will not be affected by your emotion as usually that's the devil that would destroy our plan.

[South Park]

Keeping a record of your losses over a period of time can obviously lead to the accumulation of the money you lost when you gamble and may lead to a realization that you can buy a lot of stuff.

Well, I think the conclusion to stop gambling depends on the time frame you have spend on gambling. If you have lost a lot of money during a short period of time then maybe there is something wrong on how you decide to play the game, else if you lost the money with a longer timeframe I think that is very normal.

One of my few colleague suggest that it is okay to keep track of loses using an excel spreadsheet. You can include some of the details of the casino game you are playing such as the date or the outcome of the games' win or loses. You can then make some tabulation or a graph that will show a trend which helps you to control your gambling habits or how you play the game.

Only those that know very well that they have spent too much money in gambling are afraid to keep track of it, I have kept track of all the money I have spent in my gambling activities way before I even gambled online with bitcoin and I am fine with the amount of money I have lost over the years since it is not really a big sum of money, however those that have gambled with bitcoin, especially when it was not really that valuable, really regret to have done so since now they think of all the profits they may have if they have held that bitcoin.

[AicecreaME]

Staying away when you already suffering with huge losses can be track when you have this kind of journals,  people who are still in proper mindsets will determine if they are in need of quitting, unless, you are already addicted then the chance not to value anything is high.
Tracking everything if you have good emotional control will able to lessen the chance of losing huge amount of money.

I usually track all my bets in a separate excel sheet to track every single bet I placed. This way I have a nice overview which allows me to check how much money I win/lose each month. I also track my average odds and how much money i overall placed on my bets. In my opinion tracking all the statistics, is very important to overall win money from gambling.

Right, but I'm interested to know if for example, you already sum up all the money you have lost and won for the consecutive 5 months which conclude that you didn't make enough profits, do you stop or just continue to play like you didn't see nothing on your excel sheet? I mean what is for if your not making any analysis through that information of yours to decide what to do next? whether it is for your good or not.