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Author Topic: Recording gambling activities  (Read 1142 times)
Rockstarguy (OP)
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June 20, 2024, 10:33:25 AM
 #1

Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits. 

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling. 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

R


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June 20, 2024, 10:41:33 AM
 #2

Yes, of course, particularly in sports betting, it's necessary to determine if we are doing well or not. If we are constantly gambling, we need to track our activity so that if there's something to improve, we can address it. Probably most of us are not keeping a record, but that's understandable as most of us are not too ambitious about being profitable in gambling; most of us are just gambling for fun.

I'm not saying I constantly keep a record, just occasionally when I feel like I have this bankroll that I want to risk and see how it results in profit or loss, just like a business, you know.

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June 20, 2024, 10:42:41 AM
 #3

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose.
No, I don't. Maybe because I am too lazy to do it. What I do not fail to do though is to have a budget and bankroll for my gambling activities.

Quote
I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling. 

This is like the monitoring and evaluating in development work. Helps to modify one's behavior, to know what's working and what's not working. What I do though is to check my gambling budget after some period of time to know the rate at which my gambling budget is growing or reducing.
Quote
Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
I think it will but most of us are either too undisciplined to do it or we don't just know how to do it.

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June 20, 2024, 10:44:17 AM
 #4

Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits. 

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling. 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

The reality is that it is plain nonsense to keep track of every session you take if you keep playing luck based games like slot machines and roulette for example.The only games where this can be a good idea is if you play sport bets or poker which can be classified as games where skill is very much relevant.How can this be beneficial?Well for example in sport betting if you keep track of your progress you can see which type of bet is the one causing most losing bets and avoid it,you place a lot of under 2.5 goals bets and you see that more than 80% of such bets are lost ones,this is a clear indication that you should stop immediately playing that type of bet.

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June 20, 2024, 10:51:01 AM
 #5

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
Recording keeping can be tasking at  some point to be that consistent at it for a full year especially.  I prefer not to keep records because it won't change anything in the lifestyle of a gambler that lacks internal discipline.

Where there are much losses made, keep records of it and seeing it everyday when he/she gets back to add another recorded loss to the piles of losses, my perception is that it can only gives him hope that he can recover those losses someday as he keeps intensifying his gambling bets.

I know a lot of persons will have a positive mindset about record keeping which I concur to the core to whatever positivity there is, but this just one of many negative aspect of my perspective to gambling record keep from a gambler with a non-disciplined lifestyle.



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June 20, 2024, 10:51:51 AM
 #6

I've never bothered with notes about bets, maybe I should start, after all I have no idea what my "win ratio" is... it would be more prudent to have everything written down, but I just bet/play without too many worries... I'm a casual gambler, I only bet sometimes (1 or 2 times a week.)... I would like to bet and play more, but I don't have much time.

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June 20, 2024, 10:58:38 AM
 #7

 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?


It only matters if you are playing with money that you cannot afford to lose and you are looking to make money from gambling but if your allocation is not something that will harm your lifestyle or your finances then it's useless to record, a calculation is enough.

If you stick to your budget and don't expect too much from gambling then you're good to go, the only time that I record my gambling activities is to come out with a good strategy to make my experience exciting and hoping to be rewarding.

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June 20, 2024, 11:00:59 AM
 #8

Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits. 

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling. 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
No, im not making any tracks because i do really hate up on trying to look into my loses because i had did this thing in the past but ending up on chasing up my loses specially if i have seen that im in huge negatives.
This is why it would really be better that i wouldnt really be tracking up my spending as long im really that sticking into my gambling budget or allocation then i wont really be minding whether on how much i have lost overall. Actually this one would really be just that depending on someones preference because there are really indeed people do make out that kind of  track on which they would act out accordingly if they've seen
that it is really that have huge loses and this is the time that they will really be stopping on doing gambling on which it isnt a bad idea.

Whether you would be tracking or not, it would really be always ideal that you should really know on what you are dealing with and on what are the actions that you would really be needing to do.
You cant really just that make yourself that spending up like a madman and would be messing up in the end of the line.

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June 20, 2024, 11:17:23 AM
 #9

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
No it is not making any sense. Or maybe as for me. I gamble for fun and not for business. All I care more about is my gambling budget which I have recently reduced to 2% of my weekly income. Calculating things like that is even a work for me and I do not have time for something like that. But generally speaking it is not necessary.

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June 20, 2024, 11:18:42 AM
 #10


Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

Nah I don’t, occasionally I even go through my sport bet history and delete most of the tickets until it’s left with small.

I don’t see any reason to be keeping tabs on what I know I do for fun - if it was something that was meant to bring food to my table consistently then I would be more willing to go through the stress of taking notes or keeping records of my wins and losses and also figuring out how to minimize losses but since it’s purely for fun and after all I don’t deposit significant amounts into my account so it would be a waste of time keeping note.

But for some casinos, they actually have wins and lose tabs for slots games or some casino games it tells you how many games you have won and how many you have lost - although they don’t tell you the amount you have won just the number of games you have lost.

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June 20, 2024, 11:25:08 AM
 #11

There is no reason for me to record all my gambling activity, so I dont do it but maybe I will do it if I have a good reason for it.
What would be a good reason for me? Maybe something if I'm a streamer or gambling content creator so I need to record my gambling activity as I have to do it to make money.
If your main purpose is just to track your statistic, you can simply taking a note anytime you do your gambling session.
For me, tracking our own statistic can be a double edged sword.
One side it can be used for us as a reminder but on the other side, it may tempt us to chase our losses.

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June 20, 2024, 11:35:50 AM
 #12

I don't do that because it is not important to me. This is because I gamble for fun and I don't regret my losses since I have being entertained already. It is just as if you are asking me to take record of the money that I give to people for charity which does not affect me financially.

However, I always set a gamble budget when I get paid for my gambling activities, so I already know how much it will be in 12 months time. Money used in gambling should not be counted as loss because it is an amount that you even if it get missing you don't care. There is no gambler that will use only $100 to gamble throughout the year, even if he is winning, a time will come that he will lose all of it.

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June 20, 2024, 11:42:54 AM
 #13

I think the thread about gambling activity records has been asked before last year. --- Do you keep a record of winnings and losses in gambling?

Again, I don't keep records of my gambling income and expenditure activities, if I did it would be a shock to me because I would definitely lose more money than I win, it would also be a mental hit that you are not prepared to lose a lot of money when you see the records.

It's just like running water, there's no need to look at the record because it will have a little bad impact or for me there's no use at all.

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June 20, 2024, 11:43:17 AM
 #14

Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits. 

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling. 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
I never write it down, because the thing that I definitely get is a lot of losses on my gambling activities, I also don't worry about the lifestyle of gambling because I have a gambling budget that regularly today works very disciplined so I can see the conclusion of how much money I might spend in one month or one year in gambling because I always use a financial budget for gambling.

But in terms of wins and losses I don't write it down because it's quite complicated and I'm too lazy to write it down, and what is meant by victory here like what I don't understand too, if it's victory when I withdraw money from the casino maybe only a little, but the victory of playing is not bad and then I play again until I lose and don't withdraw and can it be called a victory or not?

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June 20, 2024, 11:50:23 AM
 #15

I did this before but I got lazy at doing it maybe because of the frustration that I had been losing a lot of my sports bets recently.
Will it be helpful? Yes, it is. But it requires discipline that we will keep on recording every result that we will have no matter what the outcome is. There will be times that we will get bored at doing it and we just want to play the game and enjoy it and it's probably going to happen in the long run.

For those who are starting their gambling activities, especially in the sports region, I would recommend doing this because it can help out to analyze how much we are losing or winning and somehow we will be able to answer ourselves on where the money came from or went.

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June 20, 2024, 11:52:29 AM
 #16

I don't do that because it is not important to me. This is because I gamble for fun and I don't regret my losses since I have being entertained already. It is just as if you are asking me to take record of the money that I give to people for charity which does not affect me financially.

However, I always set a gamble budget when I get paid for my gambling activities, so I already know how much it will be in 12 months time. Money used in gambling should not be counted as loss because it is an amount that you even if it get missing you don't care. There is no gambler that will use only $100 to gamble throughout the year, even if he is winning, a time will come that he will lose all of it.
After all it is quite complicated if you have to write it down I don't have time to do that and lazy too because gambling is an activity that must be in control of our finances, we can't be something that is considered big if we know we can control gambling, and yes gambling is a place of entertainment why should it be like there are financial reports, losing wins and others, anyway at Stake we have a report on how much money we bet every month without us making it ourselves.

This possibility only applies to those who do not have a gambling budget and is only intended for those who make money in gambling so that they need to see how much money is won and how much money is spent so that they will see the difference between winning and losing on their gambling activities and think that whether it is profitable or not if gambling is applied in a profit-seeking plan, one month to one year.

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June 20, 2024, 11:57:21 AM
 #17

Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits. 

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling. 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

I think most gambling platforms nowadays have some sort of recording our every activities, specially in sports betting. However, in some cases like you play luck based games like slots or roulette and others, I'm not sure how it is recorded. And from what I see, it's just -/+ and then how much money you won/lost. But in any case, or maybe it is just me, I don't recorded my gambling activities.

It might be good though, but for me it might just complicated things for you. Just play what you can afford to lose, and if you win some money then good and keep it or as what others do, buy something out of it and not just go back to gambling again as you might lose everything including your capital.

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June 20, 2024, 12:06:17 PM
 #18

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

Casino has a stats page which does this for you for easy track on your gambling activities. Before I do records of my gambling expenses since I want to control the money I’m spending but I stop doing this manually due to redundancy of work since casino provide this data already.

This is proven helpful since you can reflect based on your stats in gambling. Playing without a basis record will surely brought you to messy gambling spending that will result to addiction.


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June 20, 2024, 12:21:52 PM
 #19

 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

If gambling is for fun then there is no need for such record keeping and calculating  Grin

But if you have seen gambling as a source of income then you can do all that to guide you. However, who survives with gambling as source of income?

Well to calculate gambling tickets and its outcome is good for a guide to check excesses to avoid being an addict for those who are interested to stop but that involves strong emotional capacity to redirect yourself but it won't matter if a gambler calculates all that yet can't control the rate of addiction.


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June 20, 2024, 12:23:34 PM
 #20

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

This has been discussed here few times already and yes, knowing what and where you spend will definitely give you an idea of what to do and not, but I don't think we need to track any of these data manually because casinos have stats page which shows overall winnings/losses or even certain time period on some so that is more than enough for a casino player and for sport bettor then it may be needed to segregate their winnings if they gamble on a platform where casino and sport betting available.

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