what is your ADL?

[Fivestar4everMVP]

I run a business, so I’m always checking my average daily sales and looking for ways to improve. But lately, the gambler in me kicked in, and I realized... if I’m gambling consistently, maybe I should also be tracking my Average Daily Loss. Makes sense, right? I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

I enjoy online gambling and like trying different games, but now I’m curious...

What about you? Do you know your ADL - Average Daily Loss?

I have no knowledge and even don't have any interest in keeping any average daily loss or daily average loss, and of the reasons is because I don't gamble all the time/daily, I only gamble once in a while like there are time I only gamble ones In a whole month.

So, I personally don't practice or even like the idea of keeping an Average daily lose, there are benefits for having such information but then, the downside is also too much because in the future when the losses have accumulated, you may look at how much money you have lost to gambling after a certain period of time and get angry within yourself due to how much money you have wasted.

[Cryptoprincess101]

I run a business, so I’m always checking my average daily sales and looking for ways to improve. But lately, the gambler in me kicked in, and I realized... if I’m gambling consistently, maybe I should also be tracking my Average Daily Loss. Makes sense, right? I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

I enjoy online gambling and like trying different games, but now I’m curious...

What about you? Do you know your ADL - Average Daily Loss?

Doing ADL in gambling will only lead you to emotions when you encounter too many losses and you calculate the sum up of you ADL. A normal business is different from gambling because you will calculate both profits and losses but it's never the same for gambling because you can go a losing streak without winning and when it occurs to you about the amount you have lost already, it can become problematic to you and even make you fall into addiction because knowing your ADL will mean gambling everyday which is same as addiction. Never give room to anything that will make you fall into addiction; gambling is not profit assured or an income generating platform, so it is needless to keep records of your gambling even if you win more than you lose. Just play within your spare amounts and never allow it to eat deep into you to the extent of keeping unnecessary records.

[batang_bitcoin]

I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

This is how many will have to have their losses increased. Because of the idea that it's a side hustle and you'll need to earn from it, will make you gamble more. But you'll never know if you'll be getting more of it but instead more losses are coming to you or to anyone who thinks that way. While I am happy sharing my wins, I don't want to share my losses at all. I think that there is still the thinking that it's kind of embarassing when we share our losses and that's why whether I get track of it or not, I don't share how much it does.

[coolcoinz]

I never count that. Instead, I know that worst case scenario my daily loss will be my weekly bankroll, which is very small, something like $50.

I don't gamble a lot and usually just bet on games during the weekend, spending $10-20 per bet. So I guess there's no average daily because I don't even gamble daily.
Also, most days I don't lose. I either win, or end up with more or less the same money after a few rounds.

[Lanatsa]

What about you? Do you know your ADL - Average Daily Loss?

I don’t track this but I can still get this if I want because casino usually have complete records of deposits and withdrawals that I can use to determine my ADL.

It’s painful to track this number since I consider this losses as expenses for my own entertainment. Unlike business, gambling is a fun and entertainment activity so money lose here is not expected to give a return back.

It’s not wrong to track this but it’s not necessary for me.

Yes, everything is shown or could be checked out on history on which most gambling platforms now do have these counters so that you can be able to see or peek up on how much you have lost or win on a particular day and in overall on which this will be solving out everything or seek out on what you have wanted. When it comes to daily limit then of course its something that you do need up to consider because without having any limits will be causing up that disaster into your finances. Gamble for fun and into the amount on which you do seem that it will be that important because once you dont have that kind of control then it will be messing up your entire life when it comes to finances and this is something that you must avoid in the first place. You should know about setting up those limits accordingly. Average daily loses will vary on which it will be basing up on the money that you do have on that particular day but just like been said that you should be that mindful when it comes to potential loses so that you wont be finding yourself getting devastated.

There are those conditions or situations that you might that having some lapses or just too much loses because you didnt been able to control yourself when it comes to budgeting or allocation. The important stuff on here is that you do really know on what you should gonna do at times like these because on the moment that you do become that too desperate or being that too impulsive then this is where it do ends up for you to have that kind of mistakes into the actions that you are taking into. We might not be able to stop for sometime but the most important stuff on here is that on how you would be able to control and moderate yourself about spending so that you do able to avoid further damage or loses that might causes up for you to have some unfortunate conditions later on.

[harapan]

I run a business, so I’m always checking my average daily sales and looking for ways to improve. But lately, the gambler in me kicked in, and I realized... if I’m gambling consistently, maybe I should also be tracking my Average Daily Loss. Makes sense, right? I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

I enjoy online gambling and like trying different games, but now I’m curious...

What about you? Do you know your ADL - Average Daily Loss?

Well in as much as there are records and history about ones gambling activities then there's room for checking or tracking one's average daily loss, possibly if the person want to but for me i find it irrelevant to do so cause it'll only leave me with moment of regrets though I'm aware that I don't generate much loses each time I gamble bit then i know that my ADL is quite at a normal rate.

[Mindyspace]

I've never played, but I found the idea of ​​tracking your Average Daily Loss interesting. It seems like a smart way to better understand your own behavior and avoid overspending. Even though I don't play, I think it's a good idea to think about how we can better manage our time and money in any activity. Do you think this strategy really helps to avoid bigger losses?

[Su-asa]

If you want to be a responsible gambler, my advise to you is that you should not consider gamble to be your mini side hustle because the ending part of it might not be funny for you because you either might be addicted to gamble or you will lose all the money you have invested into your business.
Back to the question, I don't keep track of my daily loss in gamble, all I do is that I make deposit with what I can afford to lose and gamble with it, if I lose I log out but when I win I withdraw, that's all.

[len01]

if I’m gambling consistently, maybe I should also be tracking my Average Daily Loss. Makes sense, right? I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

I hope you stay away from the mindset of gambling for side income, it's not a good idea. Gambling is not built to provide income to customers but gambling is provided to facilitate gamblers to pay for a little fun. If you think betting on sports betting can be more predictable, you will still lose your money when the favorite team loses. The more you chase victory or profit, the higher the dopamine you feel and become uncontrollable emotions.

Personally, I will never calculate how much I've lost. Because I was gambling using money that I could afford to lose. And there's no need to look at something that's already lost.

[Stalker22]

I was totally the type to record all kinds of charts and graphs tracking every little thing - from my workouts to chores to reading.  So in a weird way it makes sense to me that youd wanna calculate some average daily loss to track how much time and money goes toward gambling.  I mean if you are really putting in that much effort, then yeah, I can see it being like an expense for a hobby even if its mostly for fun.   

But me? Nah.  I dont really wanna know specifics like that and  Im way more a just play casual for enjoyment person when it comes to online games and stuff.  Actually monitoring the dollars and satoshis could suck the fun right out for me, you know? Turn it from relaxing entertainment to yet another thing to maximize and stress over.

[kotajikikox]

might as well treat it like a mini side hustle just with way more luck involved.

Do not have this mindset. Consider all money or coins you send to your account on the gambling platform you are using gone because the chance that you will lose it is high.

If you want to use gambling as a mini side hustle at least make sure that you will not get too lost in it. Don't take it too personally if/when you don't win. Side hustles often are irregular similar to gambling so as long as you don't think that gambling will be your main source of income then do whatever you want.

What about you? Do you know your ADL - Average Daily Loss?

If the purpose of knowing is so you can try and win more, I don't think it will work but if you just want to know to see how many should you try and spend or not spend while gambling then it can be helpful. But no. I don't bother knowing especially if how much, how often you play is not regular anyway

[|MINER|]

I run a business, so I’m always checking my average daily sales and looking for ways to improve. But lately, the gambler in me kicked in, and I realized... if I’m gambling consistently, maybe I should also be tracking my Average Daily Loss. Makes sense, right? I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

I enjoy online gambling and like trying different games, but now I’m curious...

What about you? Do you know your ADL - Average Daily Loss?

Maybe sometimes it can be useful to see the amount of your losses, maybe you will understand what level of gambling you are at.
But in my opinion, in the case of gambling, it is more important than calculating the average daily loss, daily or weekly or monthly, to set a budget for gambling that we can easily afford to lose.
In this case, I think it will help us more in loss control. Which will be within a certain limit, and it will not have any impact on other things in our daily life. So make sure that you have also a limited budget for your gambling and then you can also calculate your average daily losses.

[mirakal]

I know the consistency of my losses and how much I’ve been losing from gambling, but I don’t put it on record simply because, losses are losses, once you dare to gamble, prefer for the losses hereafter. And even if I keep tracking my ADL, still that won’t make me stop from gambling upon seeing how much I’ve been losing so far. So I’ll just put it this way, I only gamble to entertain myself and I should pay for it.

[Davidvictorson]

I run a business, so I’m always checking my average daily sales and looking for ways to improve. But lately, the gambler in me kicked in, and I realized... if I’m gambling consistently, maybe I should also be tracking my Average Daily Loss. Makes sense, right? I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

I enjoy online gambling and like trying different games, but now I’m curious...

What about you? Do you know your ADL - Average Daily Loss?

I like this your mini experiment. From how I understand this, calculating one's average daily loss in gambling means that the person is a regular gambler who gambles everyday. I won't advice anyone to gamble everyday as it is definitely going to result in heavy losses. An alternative is to track the losses and profits biweekly or monthly.

[Rruchi man]

...maybe I should also be tracking my Average Daily Loss.

While trying to be meticulous and track your average daily loss, I hope it does not push you into trying to gamble daily because you are trying to track statistics. You do not need to make it an average daily loss but just a culture to regularly check back and see for yourself the losses you've made over the period of time you've been gambling. Consciousness of the losses that you've made will keep you active on the decision of not over gambling so that you do not lose more money and encroach on the budget of other things.

[adultcrypto]

I have not been able to calculate my average daily loss but I do have a way of knowing how when to stop or continue gambling because I try to gamble within a budget. Generally, I try to maintain a single digit of my income allocated to gambling, and I calculate this weekly or monthly as the case maybe, then I set that aside. Some days I can lose more of that than other days but as soon as I lose the amount set aside for gambling, I will be waiting for the next cash flow to continue gambling. It took me a lot of time to develop the discipline to follow this strict rules.

[sunsilk]

I never count that. Instead, I know that worst case scenario my daily loss will be my weekly bankroll, which is very small, something like $50.

The same as me, I never count them because I don't think that there is a need to do so. I also remember the losses that I make if they're significant and probably need to recover.

But at most times, I just let it slide and won't be recovering them anymore because that's kind of hard to do it when I know that I am chasing it wrongly.

Tracking the ADL is probably gonna add some pressure and stress to me if I do so. I've got enough losses already and I don't want to add something to my mind to think of.

[salad daging]

It doesn't make sense for me to track average daily loss, maybe for you it's quite important to know but it doesn't matter if you want to know from the tracking, but then again I gamble for entertainment and it's certain that money will be lost more than won so it's forgotten to track average daily loss.
So I don't want to know about losses, because I've lost more so there's no point, because I'm not a confulsive gambler so it's natural not to know.

[Kavelj22]

I run a business, so I’m always checking my average daily sales and looking for ways to improve. But lately, the gambler in me kicked in, and I realized... if I’m gambling consistently, maybe I should also be tracking my Average Daily Loss. Makes sense, right? I'm spending time and money on it, might as well treat it like a mini side hustle just with way more luck involved.

I enjoy online gambling and like trying different games, but now I’m curious...

What about you? Do you know your ADL - Average Daily Loss?

I prefer to set limits of a certain amount, not a certain percentage. Let me explain. Like you, I run my own business, and my daily income isn't fixed. I might win $1 or even $100 a day, or I might not win anything. Therefore, I can't specify a percentage of my income for gambling, as it will vary depending on the amount of income. Since I gamble purely for fun, my weekly bets shouldn't exceed 20% at most.

For those who allocate a fixed percentage of their income to gambling, they are likely to be on a fixed income (employed)  profession and are more likely to develop an addiction if they maintain this habit, regardless of their circumstances.

[justinlamode]

might as well treat it like a mini side hustle just with way more luck involved.

Do not have this mindset. Consider all money or coins you send to your account on the gambling platform you are using gone because the chance that you will lose it is high.

That is a little terrifying, even though you may be saying the right thing. Maybe your opinion is to treat gambling only as entertainment and not side hustle, well that can be right or wrong depending on the approach. If gambling is treated mainly on the basis of entertainment, one may not pay attention to the ADL that is the caption of this thread but when treated as a side hustle, you will some how be prompted to check your profitability to know if you are doing it right or wrong and make the necessary adjustments that will put you on the right track. This is where it becomes necessary to be more serious in gambling than catching fun. But it is not completely bad to also set one's mind on the fun aspect of the business.