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Author Topic: Do you keep track of your gambling? how?  (Read 2280 times)
CarnagexD
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May 13, 2020, 08:51:58 AM
 #221

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

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bitcoin31
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May 13, 2020, 01:04:29 PM
 #222

Yes, I keep tracking all of my records because it is easier to identify if you actually earn a profit or lose a huge amount of money it depends on your style if you think you are still in a good earning to and continue this kind of strategy but if you are not continuously earning better to stop for a while and think about your mistakes because it is good to know to avoid into your future gambling games. What are the things I used to record my games? Basically, I do not need to have a logbook or looks like a ledger all I need is to have paper and a pen because I preferred into the traditional way because it is more secure and no one can see on it than using the computer and another storage device that can leave any traces on my account.
But I hope once you saw your lose is big it will not cause to trigger to recover your losses because we know once you do that you will lose more in high possibility. Recording your winninv and losing money is a player choice and I hope the other player who already saw thwy losses and once they are addicted player will be minimize playing.
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May 13, 2020, 02:58:48 PM
 #223

yes i keep track of all my investments, all my wagers on the gambling and betting sites, i do a spreadsheet with google docs on the computer, i have a bankroll dedicated to gambling and at the end of the month i roll the sums, i calculate all the games won if the sum in my possession is greater than sum invested then i am in gain, some months i win and some months i lose
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May 13, 2020, 03:14:06 PM
 #224

yes i keep track of all my investments, all my wagers on the gambling and betting sites, i do a spreadsheet with google docs on the computer, i have a bankroll dedicated to gambling and at the end of the month i roll the sums, i calculate all the games won if the sum in my possession is greater than sum invested then i am in gain, some months i win and some months i lose
I salute your perseverance in updating your spreadsheet every session you have  Shocked Can you please tell us what kind of effects do you experience since the day you started tracking your gambling data vs the days that you just keep playing and not recording your data. I am happy to hear a personal experience from other users here since I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

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May 13, 2020, 03:35:38 PM
 #225

Yes, I keep tracking all of my records because it is easier to identify if you actually earn a profit or lose a huge amount of money it depends on your style if you think you are still in a good earning to and continue this kind of strategy but if you are not continuously earning better to stop for a while and think about your mistakes because it is good to know to avoid into your future gambling games. What are the things I used to record my games? Basically, I do not need to have a logbook or looks like a ledger all I need is to have paper and a pen because I preferred into the traditional way because it is more secure and no one can see on it than using the computer and another storage device that can leave any traces on my account.
But I hope once you saw your lose is big it will not cause to trigger to recover your losses because we know once you do that you will lose more in high possibility. Recording your winninv and losing money is a player choice and I hope the other player who already saw thwy losses and once they are addicted player will be minimize playing.
At least that is a concern, maybe for me personally because I will not be easy to stop gambling once I get a bigger loss record, so to overcome this I only prepare money or capital for one day in gambling but basically it is not money that can spent and will end gambling if all the capital I have on that day has been exhausted and as much as possible to control myself better even though sometimes it is forced to make more deposits. Indeed, every player will certainly have their own strategies in controlling and managing everything, so whatever method they apply and as long as they are comfortable to do it, of course nothing will be a problem even though your losses are greater than profits.

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May 13, 2020, 04:27:02 PM
 #226


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

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

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

However, you are right that it is better not to relax completely, it can tighten.
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May 13, 2020, 10:47:25 PM
 #227

I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

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

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May 14, 2020, 11:51:57 PM
 #228

I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

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

Maybe he doesn't understand why it might be useful.
I believe that keeping records of your losses and winnings can be useful for rational financial accounting and proper management of your money. And it will also help to stop a person's addiction to gambling for those who lose a lot of money.
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May 15, 2020, 12:47:02 AM
 #229

I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

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

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

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss and play gambling with care but at the same time if takes away the fun of gambling from you. You will be more concern about your financial gain or loss and will not be able to enjoy the gambling.
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May 15, 2020, 03:11:48 AM
 #230

It is only me who thinks that if you can see your gambling records or history, it just diminishes the fun that you can experience in playing? It's more of like, limiting yourself in playing through thinking about your losses? Why not just try to set limitations? because for me, seeing your losses will just discourage you from playing further, though, it is a good precautionary measure to avoid further loss and addiction. It still depends, IMO gambling sites should also have that feature for you to view your playing history, in order to be transparent and at the same time, show concern to the players.
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May 15, 2020, 05:53:11 AM
 #231

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

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

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

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May 15, 2020, 07:39:21 AM
 #232

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

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

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May 15, 2020, 10:21:28 AM
 #233

I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

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

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

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

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

It doesn't take a lot of time to record your final statistics and you can do it after the end of the gambling game.
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May 15, 2020, 01:12:21 PM
 #234

I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

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

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

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

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

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

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

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May 15, 2020, 09:27:53 PM
 #235

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

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May 15, 2020, 09:32:07 PM
 #236

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

Statistics in any case will be realistic if you record true data. And you will do this not only when you win, but also when you lose.
The percentage of losses or winnings will be more accurate the more games you play. However, you do not need a percentage, but exact figures of how much money you lost or won.
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May 15, 2020, 09:41:34 PM
 #237

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss
Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!
I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.
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May 15, 2020, 10:07:25 PM
 #238

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss.
I think there is nothing better than forgetting defeat and thinking something about how to recover losses. I agree with your opinion.

Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.
If the goal is only to stop gambling in the end, then noting a defeat like that is also not a very needed solution. I am sure that having a losing record will only increase pressure on players.

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May 15, 2020, 10:27:06 PM
 #239

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss
Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!
I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.
It shouldnt really be make it as a habit on where you do keep on tallying up everything and as said this will just mold up that kind of felling or chasing your losses instead.
We do gamble for entertainment and winning is just a bonus but people aims for the same thing which is to make money most of the time.I do say its normal but we should
really have that control for us to avoid to be addicted later on or making ourselves wreck because we do keep chasing to those money that we have lost,unless if youre lucky
enough on hitting up some jackpot and able to patch up the amount that you have lost overall.

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May 17, 2020, 12:16:04 PM
 #240

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss
Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!
I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

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

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

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