Not keeping records makes me a bad gambler?

[Z390]

Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

Not keeping records, does this make me a bad gambler?

[swogerino]

Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

Not keeping records, does this make me a bad gambler?

I don't keep records either because if I do or anyone else that does that means only one thing,whenever you will be back reviewing your spreadsheet with your win/loss data you will think not twice but more than that before you gamble.

It is true that when you don't keep it you only tend to remember your big wins but if your lost sessions are consecutive you will remember them too so I don't see any real benefit of keeping track,in order to avoid this use a preset budget for gambling every week or every month and stick to it,you will know the data without keeping a spreadsheet.

[davis196]

I don't keep any records because there's no reason for me to do so. Keeping a record will remind me how much money I've lost via gambling, which will frustrate me. I know that the money spent for gambling are more like money spent for entertainment purposes, but it still kinda sucks, when you see how much you have spent on such unproductive hobby as gambling. Viewing my losses every day would make me wanna recover them, by gambling more and trying to get bigger profits. This leads to bigger bets, taking bigger risks and it seems more like a downward spiral towards developing gambling addiction.
What gambling games are you actually playing?

[Kemarit]

Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Nah, it's hard to record the number of wins and losses, unless you bet on a online platform. But if you go to land case casinos, then there's no way you can track of everything. On the other hand, why do we really need to know though? I'm just curious. Because for me, if you gamble and that money is allotted for that, then win or lose, that is going to be ok.

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

Yes, same for me, I just have some numbers in my head, but I don't really jotted down everything in a log or notepad or something.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

Not keeping records, does this make me a bad gambler?

Perhaps if he had records though, maybe it's one reason why he will quit specially if he see the records and he is losing big amount of money. Something to pounder upon maybe when you are alone and think that maybe it's time to really stop this gambling for good.

[alastantiger]

Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

I do not keep a physical record like an excel sheet to track my wins or losses. All of my records are mental records. I do have a budget for gambling that is the one I use to track how much I spend on gambling per month.

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

This is the same with me. It doesn't really matter to me as far as I am not doing anything stupid like make my friends influence my gambling habits.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

If you can keep it in your head and in your book fine. I think that the benefit here is for those who pay gambling taxes. And also for those who like to be meticulous.

Not keeping records, does this make me a bad gambler?

No. What makes you a bad gambler is irresponsible gambling.

[Mauser]

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

Not keeping records, does this make me a bad gambler?

No of course not, just because you don't record how you spend your money doesn't make you a bad gambler. As long as you are enjoying yourself and gamble within your means I don't see any problem with not recording all your gambling wins and losses.  There are some benefits for keeping records, you always know how much money you spend this month or this year on gambling. For me personally it's quite important to keep at least small records, because I have fixed limits on how much money I spend on gambling each month. Without using records it would become hard to stay on top of my gambling budget and I would be more likely to spend more than I wanted to. It all comes down to how much money you are willing to spend and if you can remain in control of your gambling habit without keeping records. It's a preference thing, like some people keep records for all their monthly purchases and others just spend the money they have more freely.

[Die_empty]

Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

Not keeping records, does this make me a bad gambler?

Gambling is not a serious part of my financial activity so there is no need to keep records. I keep financial records of things that take a substantial chunk of my income and not gambling. Another reason why I don't care about keeping records is that it can also be complicated. I have a gambling budget but sometimes I can gamble below the budget and sometimes slightly above the budget. In most cases, I can't track my losses and wins because I might immediately use my wins to solve some needs and will also use another part to gamble again. Also in some cases, I receive cash from gambling firms for my wins and also use fiat to also gamble.

In fact, my gambling activities are just complicated. The only way I can track my gambling life is if I move around with a gambling record book which will aid me in recording my activities, but this will be impossible. Another pattern will be to keep all of my fiat gambling slips safe and do my calculations periodically. But for me, it is unnecessary since I gamble responsibly and hide my gambling activities from some people. Keeping these records can expose my secret to the wrong people. An irresponsible gambler is one who is suffering from a gambling disorder and not people who don't keep records. I you keep records but don't control your gambling life, you are a bad gambler.

However, keeping records can be a good way of controlling your gambling activities especially if you don't have a gambling budget. It could also be a vital means of evaluating your gambling life and making amendments where it is necessary.

[Cantsay]

Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Not keeping records, does this make me a bad gambler?

Same as the post above mine stated, I don’t keep record either and neither have I encountered anyone that does so i don’t really know what’s like keeping records.

Most of the times what I do is to go back to my previous game history for a specific time period and check how much I lost and how much I won, but for me to be keeping it documented seems like something that will take a little of my time. And for something that’s meant to be for fun I don’t really see any point of keeping record of it unless you’re becoming an impulsive gambler that no longer has control over how he/she goes about his funds when it comes to gambling.

[Frankolala]

I don't keep record of my gambling activities because it is a waste of time and that wouldn't prevent me from securing normal losses from the bets. It all boils down to having self-control on your gambling activities by using only the amount that you can afford to lose and don't chase your losses.

If I want to know how much I do use for gambling annually, it is easy to know because, I have a weekly gambling budget and is a specific amount, so I will just calculate it. This is how I plan my gambling budget at the end of every year, towards the beginning of a new year. I make sure that I do this often so that I can know if the amount I will be setting aside for my weekly gamble is high, and I will cut it down.

[TopTort777]

I dont keep records, dont want to feel bad Joking I see no point of reading records of my gambling history, as my vision of gambling is getting fun. I had or did not have fun - that is the only measurement I accept. Practically all the casinos have detailed stats about which slot or game gambler played, his win/lose ration, crypto of fiat he has used. But barely anyone run analysis on that. It is either you balance is zero or above it by the end of your session that matters.

[Strongkored]

Not keeping records, does this make me a bad gambler?

I don't do it, because in my opinion there is an easier way to find out how much money we have spent and whether it gives a profit or not by checking the deposit and withdrawal sections and doing the calculations. If the deposit is bigger, of course, we won't make a profit and vice versa. because recording it is not that important, in my opinion, even in trading, it is rare for traders to take that action to record it, especially in gambling, and I am sure that out of 1000 gamblers, maybe less than 10% record every win, the rest prefer to forget and stick to a weekly budget or monthly if it exceeds then stop playing until a week or month has passed then make a deposit again to plays.

[Yogee]

[...]
Not keeping records, does this make me a bad gambler?

I can see the benefits but it doesn't necessarily make you a bad gambler. It's a good practice but what's more important is if you have a standard weekly or monthly bankroll and follow it. I mean you don't need a long list to monitor your bets when you stick to your limits regardless of the results.

[btc_angela]

Not keeping records, does this make me a bad gambler?

I wouldn't say that it will make you a bad gambler if you don't keep records. And I doubt that there will be ever a gambling keeping tabs of the money they are losing, doesn't make sense specially for a gambler that has been here for many years. They will just treat is as something like money in, money out.

And just don't feel bad as well, just play the usual and enjoy and entertain yourself. Because if you did record everything, there will be at some point that you will not feel love gambling anymore. Specially if you see the money that you have lost overtime.

[acroman08]

Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

the upside I see when they do this, is that they know how much they have lost, how much they have won, how much they are spending every time they gamble, etc... some people might see this as unnecessary but there are people who want to document their gambling habits.

Not keeping records, does this make me a bad gambler?

why would it make you a bad gambler? keeping a record doesn't determine if a person is a bad or a good gambler. if you ask me, what makes a person a bad gambler is if they are unable to control themselves, gamblers who can't control themselves often become gambling addicts.

[Queentoshi]

is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Makes it feel like a serious occupation of book keeping. Removes the fun from the activity.

Someone whom we both have this discuss yesterday said this is a good practice,

Good practice to them, but it is not always neccessary if you know that you gamble with a fixed sum, and you are disciplined about it.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

The benefit which is the only one I can think of is that it will help you know the amount you have spent gambling and what you have lost. It helps you keep track of your gambling so you can know when you are spending too much or loosing too much that will soon begin affecting your lifestyle.

[Text]

I don't see the need to keep records because I consider gambling purely for entertainment and don't view it as a serious financial endeavor. However, I think keeping records of gambling activities can be a useful practice for several reasons, but it doesn't necessarily make you a bad gambler if you choose not to do so. It's only for awareness and tracking. If you are serious about gambling responsibly, this can be a helpful tool to gain better control over your habits and finances. For me, it's all about personal choice and a matter of opinion.

[Wapfika]

Not keeping records, does this make me a bad gambler?

 No, This is gambling not investing which you are just using money that you are willing to lose in exchange for the entertainment. Tracking your losses will just make you chase loss since you will always consider your previous losses on your current game that will make you very eager to hit that profit goal.

A bad gambler are those who keep tracking their records and bet accordingly based on their records status. Your current gambling game shouldn’t be affected by your previously losses while doing track records will just push you to keep thinking over your losses while playing. This is a good practice on investment but not on gambling.

[BitcoinTurk]

I have never kept a record of my gambling expenses and I never will. Not having this habit doesn't make a person a bad or addicted gambler. Of course, keeping track of gambling expenses by recording them will help calculate expenses more easily but this doesn't apply to individuals who gamble at certain time intervals.

Especially if such a thing were to be done, recording the current winnings and losses for each game would be a complete torture because creating an income-expense statement after each game is a difficult process and takes a long time. If a person wants to keep track of the amount he/she spent and won in gambling, the most logical option would be to keep records of the money spent and the money earned and transferred to his/her wallet. To get a more detailed record, the gain and loss amounts can be noted on a daily basis or only the daily balance change can be followed by tracking the daily balance.

In addition, although it is not a perfect calculation method, it is possible to track gains, losses and balance by following the statistics provided by the casino.

[masulum]

This depends on the goal. If it is to maintain cash flow when gambling and make it easier to control yourself with the records created, then this would be a good thing to implement. On the other hand, if this only makes someone more frustrated because they see losses that are too big and become uncontrollable, then it is best not to keep any records.

I agree with @acroman08, because keeping records or not that makes us bad as gamblers, but our wrong management that will make us bad. Because it is not recording losses and wins that will make us gamblers who are too eager to win. However, uncontrolled inner desires that increase addiction and greed make things worse.

[bittraffic]

This depends on the goal. If it is to maintain cash flow when gambling and make it easier to control yourself with the records created, then this would be a good thing to implement. On the other hand, if this only makes someone more frustrated because they see losses that are too big and become uncontrollable, then it is best not to keep any records.

I agree with @acroman08, because keeping records or not that makes us bad as gamblers, but our wrong management that will make us bad. Because it is not recording losses and wins that will make us gamblers who are too eager to win. However, uncontrolled inner desires that increase addiction and greed make things worse.

Agree.
It's not like a business where the gambler has to have a balance sheet and there is no one subtracting the taxes from the withdrawals. To me, it is not necessary to have those records.

I have no reason to look at my losses as it just makes me regret what I'm doing so no records. But If I wanna do it, I would just look into the history of my account from deposit history down to betting history which I think will reveal how much I have lost.