what is your ADL?

[JiiBs]

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?

That sounds like a very bad idea if you ask me. The idea of viewing gambling for a little side hustle. In fact, this is one way to force yourself to go about gambling even while you shouldn’t. It promotes the idea of doing it, besides, you’ve git a record for it and you can just add that to to it.
Eventually, gambling doesn’t care what record you might have, it just goes ahead to win or lose and that’s it.

[BitMaxz]

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.

Maybe he wants to track it for the sake of spending history, how much he spent every week or month.

There's no wrong in tracking the daily loss because it's a part of self-control and risk management.

If this week is not good, that affects your financial then you can use those records to compare them on other weeks and optimize the amount you are willing to lose.
So it is still part of risk management with self-discipline.

[tread93]

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?

That's a good way to reverse engineer it! People find out a lot of intel and solutions doing things that way, sometimes.  I do wish you the best of luck and hope you have good sales!

[Samlucky O]

just a friendly advice, it is not ideal that you gamble and treat is as a side hustle, because the risk is high and there is no guarantee that gambling will give you return like your ongoing business. most people who treated gambling as business has been bankrupt. dont allow your instinct to deceive you. you know sometime mindset can be deceiving but you will never know not until you have tested and proven it to be true. even though you are going to try it dont put so much money in expectation of a big return. let it just be that you are gambling with what you can afford to lose like %2 of your  monthly or weekly income.

[Darker45]

I don't track my gambling losses. I'd rather forget them right away. LOL!

I used to do that actually, but I wasn't able to sustain it. I eventually realized there isn't a compelling reason to do that. I don't gamble on a daily basis. Moreover, my usual bets are also relatively small. While I also have huge losses, they happen seldom and they're easy to remember. Very lately, I lost a few hundred dollars on a money game of DOTA II. I was supporting my local team against a team from another city. Such kind of loss is easy to track.

[michellee]

I don't checking or tracking my ADL because I am not a regular gamblers who play gambling daily. I playing gambling occasionally depend on my mood so I don't think that is necessary for me to checking.

You need to allocate the money for playing gambling so you don't have to always check your loss. You use that allocation money for gambling and whether your lose or win, you will not disrupt your money.

Besides that, you need to reduce your gambling activity to prevent the bad thing. You never know when you lose control in gambling and once that happen, you may use the other money to continue gambling.

[Shinpako09]

Nah, you're wrong with that. Of course, we play because we want to win, but treating gambling as a side hustle is a no. You won't even notice how, over time, you'll get drowned in it as you become obsessed and try too hard to win by treating it like a side hustle. So stop doing that as early as you can. As for my ADL, I'm not tracking it. I only put in a small amount, sometimes it depends on whether I double my bankroll the next day or keep the same amount. Also, I make sure to turn on the loss limit so I can avoid making another deposit after losing my daily bankroll. That's very important if you're playing regularly.

[HelliumZ]

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?

If a gambler participates in gambling without maintaining a balance between Average Daily Profit & Average Daily Loss, he will never be able to balance his profit and loss. In my case, if I say I am, then when I calculate my daily profit and daily loss, I am in an all-time loss. If I win once after being defeated multiple times, I forget all the past defeats and remember only the moment of victory.

[EluguHcman]

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.

The downfall of a prosperous investor or business persons who gambles can be caused by when you have a vision that the gambling would serve as alternative source of income for you because with that insight, more than amount that is expected to be affordable to loose as a game of fun will be unexpectedly spent on that course.

And moreover, your gambling expenses should be according to your Average Daily Sales or mostly your income and then, you will not have anything to be regret about even when you looses most on the regular.

So, you don't need to put that extra effort of diversifying your income to gambling as just a gambler.
If only you can have a gambling budget and abides by it, you will have not need to track your looses in gambling but rather that your reliable source (s) of income that is not of gambling.

[acroman08]

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...

It could be a healthy gambling habit to have. If you feel strongly about it and you feel like it will make you more aware of your gambling activities, you should do it, but I suggest you be careful if you treat it as a "mini side hustle".

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

No, I don't even track the winnings I've had over the years, but I do know that the money I gamble is money I can afford to lose.

[Free Market Capitalist]

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...

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

Interesting concept but as I read it I thought I don't think many people use that, and judging by the responses in the thread, it seems I am right. For skill games, other concepts are used, such as earnings per hour, but always focused on the earnings of the profitable bettors or players.

I suppose that if people started to track the concept you propose in casino games they would eventually stop betting. But there is no way it will be like that.

[MarjorieZimmermanGinger]

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

I also often get involved in gambling but my favorite is betting on football and for other games maybe not so active apart from slots and Poker.

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

Basically I spend a small budget every time I place a bet and always calculate the amount of losses I get and when it is considered to have exceeded the set budget then I will stop. I do this as an effort to maintain involvement in gambling responsibly so that I have a limit to stop in a win or lose condition. It is important to know the amount of average daily, weekly or monthly losses so that we can control further involvement.

[Ishicryptic]

I don't think that it is necessary or important to track your average daily loss, what benefit will it give you whan you know that normally your loses will always be more than your wins on the short term. We should not treat gambling like a business because of the house edge, it is almost impossible to be profitable on the long term so for me it is not worth tracking your loses or wins. That is why it is advisable to use amount that you can afford to loose for gambling, because it is by luck that you will win, even skill based games still requires luck to win. Use small money to gamble and have fun doing it, it is an expensive entertainment.

[Tmoonz]

Based on my estimate, I probably lose around $10 a day on average. I’m not really profitable overall. Sure, I win sometimes, but when you look at the bigger picture, I’m still down.

I don’t actually keep a strict record, but that’s just my rough estimate.

Still, it’s not a big deal for me, I can afford to lose that amount, and honestly, I enjoy what I’m doing. So it’s more about the fun than the money.

I have been wondering how can you guys even be gambling everyday? I guess that op is suggesting his daily average loss on any day he gamble because for anyone to always gamble every day might not really be a good practice,  on aore serious note I can tell that most people that emphasis on keeping track of their gambling activities and more especially losses are those who don't only gamble beyond entertaining and fun but looking at any possible opportunities to maximize profits, honestly it is not easy to out smart the house because they will always win on the long run if will continue gambling, let stop keeping count of the losses we have for me it is not necessary.

[viljy]

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 never calculated any indicators of myself. Why treat yourself as a mechanism that earns and spends money? The use of such metrics in relation to gambling is particularly strange. Gambling is not a business for a gambler, but rather an entertainment, so one should not engage in calculations, but enjoy every win. Perhaps such an occupation in calculations occurs under the influence of a profession, but professional activity should not intrude into other areas of a person's life.

[KiaKia]

You are doomed if you can't keep your business as business, if you try to mindle your gambling activities with your business you are finished. Those who have good business and start gambling, how do you think they ended up with nothing later? They start using money from their business to gamble and it become their sole focus.

Let gambling be gambling and your business be business, your life matters more with that business not gambling, your business goes down you will follow, it rises you will rise, gambljng doesn't care about you, it will suck you dry.

How you plan to gamble is what will make you a good or bad gambler, don't be a stupid fool, if you want to grow higher in life don't joke with your business money, expand by growing your business only and if you make a lot of money start investing the money, use one few percentage of your income to gamble.

[Cityhunter34]

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

It's a personal choice though as there's nothing wrong in keeping some records. But honestly in gambling where losses are more compared to your wins, I won't advice you keep such records. That because over time you might be shocked how much you might have lost to gambling and it's may not be something you would have been willing to risk. It's better to just let go of such ideas and have fun. Don't treat gambling as a means of making money but a way to have fun.

As a good gambler that knows what gambling is all about would never thinking of having any negative thought of keeping such records. Because at the end of the day you are going to found out that your losses is 100 times of your winnings, by then you are putting yourself into more denger, due to the fact that you might be thinking of chasing back your losses. However, the best way to gamble responsibly without having any challenge is to let go of your past records and view gambling as an entertainment or having fun because gambling is not a get rich quick scheme.

[iv4n]

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

A strange question, at least for those with a long gambling career. If there is a gambler who keeps detailed records of his deposits & withdrawals he might be able to answer this question... but not many people do that.

Gambling life is full of ups & downs. So it's hard to do any math if you don't keep some records or at least if you play in one or two casinos. Some casinos provide info about all-time deposits & withdrawals, overall profit/loss, etc. But most of us gamble in more than one casino, and from time to time we change casinos. In all this time in the crypto gambling world, I don't even know how many casinos I have played in... and all that gambling before crypto...

So I don't know my ADL or ADW, or overall profit/loss... and to be honest, I am not sure I would like to know.

[Bitinity]

I doubt there is 1 gambler out of million/billions gamblers in this world who know about their average daily loss. Some gamblers may have tracking sheet of their gambling activity but it wont last longer because it takes time and none of them will be discipline enough to take notes for every single deposit/withdrawal they make in casino(s). We may have ADL but maybe it will be limited to a week or a month statistic only. Meanwhile, this short period of time is no representing for our whole gambling journey obviously.

[Ever-young]

I don’t know my average daily lose, because I barely track my gambling spending all I’m more focused on is trying to be on track with my budget not to exceed it and also not to compromise, I don’t check if I’m making profit or if I’m making lose but that can easily be trace if I want to as I know the casino’s I make use of just getting them all logged in and compare all my activities from all record will get me the information I need, but I don’t consider it necessary since I don’t take gambling as a side hustle, only take what ever I win and consider it as a reward for playing.