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Author Topic: Not keeping records makes me a bad gambler?  (Read 1718 times)
EluguHcman
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November 24, 2023, 08:51:13 PM
 #301

Keep records of your wins or looses in gambling are not necessarily rated by credit of good or bad behavior rather keeping your the winnings and looses on track could help to either encourage you to move forward or backwards on your gambling.

Before I engaged on gambling, I have a friend who usually bets but can't tell if he is addicted, so, he is always in fund of public announcing his wins and not his lost simply because I asks him to be mindful of how he bets because he could bet out of emotions to win and get to loose more.

In some occasions he has come to say to me that he won $100 with just $10, winning $200 with $70 and all that.
He makes this know to me so I could see how he takes leads to the winning roles hopefully for him to understand that he has always been a winner.
This is the same guy who looses over $500 a week but if he wins $300-$500 in a month he feels taking the leads then I have to ask me to calculate how much he has lost totally by the month before this winning.
Then he realized he has been loosing more to gambling despites the fact he could win hugely but that winning only comes once while.

The necessity of tracking your bets is necessarily a concerned to maintain your gambling strategies or possibly to determine your looses and winnings.

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November 25, 2023, 01:44:11 AM
 #302

~snip~
Most online casinos do have a track record of how much you have spent gambling in a particular month or over the week so if you want to at anytime check through the records you could go to history and find a full track record of how much you have spent over a period of time.

Keeping track record of how much you have spent gambling over a period of time will most likely get you to chasing losses, it will be much better if you make a budget monthly or weekly and keep to it, that way without going through the records, you will know how much you have spent so far and you will not be pushed to chasing losses because already you had had in mind to forfeit such amount if it turns out that way and you have lesser chances of chasing losses.

Yeah, in my mind the behavior of trying to recover losses is probably the most negative one in gambling.

I think doing that actually might leave the gambler bankrupt faster than any other behavior.

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South Park
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November 27, 2023, 06:44:58 PM
 #303

Not everyone is into statistics, I would say keep it simple.  It is a game or leisure activity after all.  Some might find a benefit from tracking all they are doing exactly, sports bettors Ive heard of tracking exact outcomes vs odds offered and % available profit vs actual placed bets.    However so long as you keep to a set budget and dont exceed that, I think it more then likely is going to stay purely fun and many keep track in their head which is fine imo.   Dont think I ever had a perfect records kept outside of the website itself allowing me to go back years to look at match results vs bets etc.
If you enjoy doing something then it is to be expected that the more you do activities related to that something that you like the more fun you will have, and keeping track of track of your capital is not really optional in gambling as it could be in other hobbies as money is an integral part of gambling, and while not keeping records is not going to hinder the average gambler, it is a massive disadvantage for those that have the tendency to chase their losses and for those that aspire to become professional gamblers.

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December 01, 2023, 07:54:56 PM
 #304

Not everyone is into statistics, I would say keep it simple.  It is a game or leisure activity after all.  Some might find a benefit from tracking all they are doing exactly, sports bettors Ive heard of tracking exact outcomes vs odds offered and % available profit vs actual placed bets.    However so long as you keep to a set budget and dont exceed that, I think it more then likely is going to stay purely fun and many keep track in their head which is fine imo.   Dont think I ever had a perfect records kept outside of the website itself allowing me to go back years to look at match results vs bets etc.
If you enjoy doing something then it is to be expected that the more you do activities related to that something that you like the more fun you will have, and keeping track of track of your capital is not really optional in gambling as it could be in other hobbies as money is an integral part of gambling, and while not keeping records is not going to hinder the average gambler, it is a massive disadvantage for those that have the tendency to chase their losses and for those that aspire to become professional gamblers.

Well, when I think about game logs, what comes to mind is doing anything in the game and putting it in an excel sheet , and the truth is I'm a very lazy person, I don't do it, nor would I. I know myself and I wouldn't do it, maybe another person who has more patience with each of his movements can handle something like that, but that becomes a job, which I don't Know if it's Useful in the long run, the only thing I hated Keeping a record is with respect to the money that is introduced into a casino and the money that is spent, if all the money increases or disappears, I think those are the things that we should see, I would make that record, I would not make another one. , because I think that my personality is not one of that style , I think that when things are about money one has to be a fairly careful person, that is why money is the main source to do anything, because without money there is no party , and that is something that can Happen.

In retrospect, to generate more money in a casino , if you want, you keep a record, but I think that what can be done is good expense management in the casino, for my part I have to do things, I have my own style to be able to be profitable in a casino, the bad thing is that it is long term and that is what many do not have time to do , Personally I think that things always happen in favor of what can be generated, but it is my own technique and it is somewhat boring, it is constant but very minimal earnings, so the majority of players do not like that because what they are looking for are medium earnings and if they can get large earnings much better, to reach that level it is You have to risk a lot of money and that's what I don't do, what I do is risk a Little money to have few Profits , because if I lose money it doesn't matter , it's the money I had for that , to lose , so in this order of ideas some Strategists preparing for a casino are not all the Same.

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