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Author Topic: Do you keep track of your gambling? how?  (Read 2280 times)
milewilda
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April 07, 2020, 07:15:28 PM
 #101


I used to write these things into a physical notebook once but when my wifey caught me, things got fucked up. So nowadays, I just keep a track of these things via notepad in my PC and saved it with a password, so no chance of getting my betting secrets leaked to her once again.  Grin
I know the feels for this one yet im not making any records into a notebook and everything is already stored on my pc instead.
We do have some experience about being caught by wife when it comes to things that being listed, not actually on gambling but also
on other thing. Tracking is for activities that do really need up some risk or fund management.

A little bit off-topic.
@Avirunes, your post have a lot of spaces bro. I thought it was a bug or something.
Actually tried to refresh for 3x and believe that it was just some sort of error.lol

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April 08, 2020, 07:20:13 AM
 #102

Well, I only gamble if I have extra money to gamble but if I don't have, I won't gamble. That is the reason why I have heard a thousand times here in the gambling section saying that, [only gamble of what you can afford to lose].

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

Dont ever think that it is an investment because this is very risky on your part, again, gambling is not for aiming money, it is for a fun activity.

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

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

How can you monitor your losses in your gambling career? Making a gambling history will make you think more critically, it will help you reflect on your mistakes and losses so that you know what you're going to do next. Gambler shouldn't be careless about his money and budget, tracking is necessary if you don't mind. Maybe the reason you're not winning in gambling is because you let yourself stay on that limit, you don't make any reflections to make yourself grow in gambling.
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April 08, 2020, 09:44:42 AM
 #103

do you registerhow much you separate for gambling?

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

do you see it as an investment?

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

simples spreadsheets, physical notebooks or maybe some different way?

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

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April 08, 2020, 10:40:08 AM
 #104

I'm not a pro gambler nor an addicted guy. However, when I do gambling on casino, I used to deposit a certain balance and if I can manage to get a good winning, I simply withdraw some part of my winning and leave the rest into the casino. For sportsbet, I have seperate fund with a BTC address which I use only for sportsbet. Hence, I don't need different things to do to track the record.
For me I only use a few casino and sportsbook so it is very easy to calculate how much I have lost by just subtracting the withdrawals from deposits made to the casino. I mean gambling is not something I take very seriously and find no reason to keep a record of it, if I ever need it I can even ask the casino to provide me a full deposit and withdrawal file and just use it.

Maybe people who gamble big and do it often need to take such measures because they also have to pay various taxes on winning amounts and they must know how much they have won to pay the tax but most of the gamblers I feel are just doing it with tiny amounts which don't fall under tax slabs and hence doing nothing wrong either.
A lots of gamblers are not into this kind of tracking their activities, most of them are losers and don't have time to pay attentions with the outcome of their activities, instead they are busy finding ways how to recover instantly, sad thing instead of recovering they will going to lose more.
Though like what you have said, people who keep their tracking records for tax are required to deal with this those are heavy gamblers that have huge amount of money to play along.

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April 09, 2020, 12:50:19 AM
 #105

I usually play sometimes because I am not an active player. The times I have won I have invested in crypto or bought something for my home.
Usually, I make a spreadsheet to know how to distribute the good use of my money. Because I have my intention to save for the future of my children.
you are not an active player but you are making spreadsheets for your gambling activities?thats cool and it is the first time i read such thing.

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

This is the first time I also read about it.

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

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

To be honest, we are the same.

I am enjoying gambling and I am not really hoping I could win or be rich and successful with it. But I do realize that it might be a way to stop gambling completely as it will show how much money I am using on gambling and it might hit me that I should completely stop. Despite the fact that I am gambling for fun, I can't really stop completely since I am used to it as my time for entertainment.
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April 09, 2020, 03:10:00 AM
 #106

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

if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Separating your money for investments and gambling is a greate idea, on that you will have discipline on money, you will know when to spend money and when to save money. You may do it using any mediums, jusy like what OP's said, you may try notebooks, spreadsheets, your computer especially the excel, word or even notepad. It is really importat to list all your expenses and all your savings on one medium of yours, so you know what will be the output of the things you usually doing. Listing your money spent by gambling, especially the money you invest is a great idea, it will assute yourself whether your money is profitable.
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April 09, 2020, 03:13:29 AM
 #107

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

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

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

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

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April 09, 2020, 04:13:40 AM
 #108

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

if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Im seperating my money for playing gambling, other investment and my needs  because I need to do that for sure I use most of the money in playing gambling so If I know the money that I use only I know my limit and I can knlw when I stop playing if I reach my lose amount of money.

Gambling is not investment and even before or upto now I did not use any of that things to track my losses or winnings.
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April 09, 2020, 06:26:50 AM
 #109

do you registerhow much you separate for gambling?
I don't know how much it is exatly but I'm sure it's not exceeding to 10%.

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

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April 09, 2020, 07:14:54 AM
 #110

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

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April 09, 2020, 07:10:57 PM
 #111

Tracking your money is not important if you are in gambling just for fun not for chasing money. That is also may consume too much time and I think no one gamblers will do that stuff. Another reason maybe it will be blown your mind knowing that you have already a huge loss in gambling. For me, it is okay not to know how much my losses in gambling at least I am confident that I can afford my losses.
I disagree completely, even if you are just gambling for fun it is important to know how much money you are spending when you gamble since the source of your funds is not unlimited, also if the amount of money you have lost when you gamble is enough that you do not want to think about it because if you do that it could blow your mind away then that is a sign that maybe that person has been gambling too much money over the years and it should reduce or maybe even stop their gambling activities.
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April 09, 2020, 08:09:03 PM
 #112

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

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Nadziratel
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April 09, 2020, 08:19:32 PM
 #113

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

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

carlfebz2
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April 09, 2020, 11:37:32 PM
 #114

I do not track and do not also make gambling as an investment, because I will only save for later use again to bet the next day, when the result wins then I will only make simple calculations to be saved and some will be immediately cashed for several purposes including some will only saved and not invested. In gambling it is possible for me to spend more money when there is a greater opportunity and therefore, every time I gamble, only utilize what is available at the moment and maximize it as best I can.
Its quite inappropriate if we gonna make use of the word "investment" with gambling.Its never been an investment unless if you have invested with the house but if not then its totally a some sort of spending or expense for the entertainment you do seek thats why keeping track or minding too much on how much you do spend would be useless and a stressful thing instead.

If you do keep track on what you have lost then this will just mold up the mindset on keep going because you do saw that your losses are keep building up and in result
you would chase up until the situation becomes even more messy.
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April 09, 2020, 11:41:19 PM
 #115

I do not track and do not also make gambling as an investment, because I will only save for later use again to bet the next day, when the result wins then I will only make simple calculations to be saved and some will be immediately cashed for several purposes including some will only saved and not invested. In gambling it is possible for me to spend more money when there is a greater opportunity and therefore, every time I gamble, only utilize what is available at the moment and maximize it as best I can.
Its quite inappropriate if we gonna make use of the word "investment" with gambling.Its never been an investment unless if you have invested with the house but if not then its totally a some sort of spending or expense for the entertainment you do seek thats why keeping track or minding too much on how much you do spend would be useless and a stressful thing instead.

If you do keep track on what you have lost then this will just mold up the mindset on keep going because you do saw that your losses are keep building up and in result
you would chase up until the situation becomes even more messy.
No, it's not inappropriate, it might be weird because most of us are losing money but it's really possible as there are people who try to make a journey in gambling specifically in sports betting, and they use the world investing because they are serious with the funds they risk and they use a proper strategy and they trust their skills, you'll know this once you choose to be a sports bettor who aim to win in the long run.

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April 09, 2020, 11:42:17 PM
 #116

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

In my opinion, if you are interested in gambling, it is very important that you keep a record and constantly monitor your situation. These records make it easier to make logical decisions, not emotional ones. If you do not keep logs, you can always make bad decisions with the desire to win more.
Having an open Excel file and logging every won/lost amount will be up to date tracking information which can be useful to analyze the data after the month. In the lockdown, the demand for gambling platforms has increased and this is a good opportunity for the newbies to learn the basic deep working mechanisms for gambling management.

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April 11, 2020, 09:47:31 PM
 #117

Actually I don't track anything on gambling, I am not separating my money that I will spend on gambling and in other things because I am not that so addicted on gambling, I only play once or twice a week, I just wanna play when I was bored, that's it, I just wanna kill my boredom. So I know that I wouldn't use so much my money. Even though I bring all of my money while gambling, for sure I wouldn't spend it all because I am that person that don't want to lose all of my money so if I am losing the game, I just quit. I am not like some other gamblers that if they are losing the game, they won't stop, they will trigger their selves to play more so they could get back all the money that have lost by them.
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April 12, 2020, 08:15:17 AM
 #118

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

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

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

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April 12, 2020, 08:25:01 AM
 #119

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

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April 12, 2020, 08:37:15 AM
Last edit: April 12, 2020, 09:17:24 AM by DabsPoorVersion
 #120

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

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

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

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


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