what is your ADL?

[AVE5]

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

Frankly I don't know the important of keeping records on my gambling because I play for fun and for that, I'm only sticking to bet according to my gambling that my budgets is being founded according to my incomes.
I'll admit it that yes, I lost mostly while I'm lucky to win few occasions. So since I stick to my bankrolls believing it's not affecting my savings, I don't look back on my losses to even know of my ADL.

[Su-asa]

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.

Although it might help some gamblers to know if they are losing much in gamble and they can chose to continue that way or take a break from gamble for while. But in some gamblers, it will probably make them go gamble more to chase all their loss and it will in one way or another tournament them especially if the gambler don't have much money any longer.

Actually right me, it will do no good to me if I check my wagered amount, both winning and losing. I actually gamble for fun and with the amount which I can afford to lose.

[mak013]

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 don`t calculate every day win/loss, but i write it into the table and calculate monthly profit or lose(but i didn`t yet got lose month). I think that all of us understand that it is not a problem to calculate "ADL" with such information, but i don`t think that i need it. For me monthly information is enough. I calculated every week day, moved summary to another table and cleaned up the week. Weekly table i kept for the year. Monthly table - forever.

[rachael9385]

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?

Having a limit is very important when it comes to Gambling, but instead of being stressed about tracking your losses it's better to just gamble with what you can. Afford to lose. Those who gamble responsibly won't find the need to track their ADL. Being concerned about your losses means that you are exceeding your limit. Experienced and disciplined gamblers don't put themselves in such situations

[Lida93]

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 where your problem for more spending is emanating from. You treating it as a side hustling would demand you having to put in more funds to be able to get something out of it as returns. Of which it's not guaranteed.

I lov to gamble as well but have never thought of it as side hustle. Maybe there were times I thought so, but on realising it was wrong to harbour such notion I quickly delink from the thought. Only gambling what I can afford to lose and accepting whatever outcome that comes out. Because as a side hustle you would have to treat it differently than you'll as anything short of a side hustle.

[Tipstar]

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?

At the moment I'm not tracking it but in the past I was doing it with my sports gambling. I had allocated 5 quotas for betting and each were of $20. That way I spent $100 a day on sports gambling and I also kept track of how much I made and how much I lost. After maintaining the data for some period, I realized the data shows no information except how much I was gambling each day. Everything was random. The win amount were being used for another bet and the win or loss were random and had no trend.
Sometimes it was difficult to choose 5 different things to bet on. So I went again better whatever and whenever I wanted.

[cryptomaniac_xxx]

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?

Just a piece of advise though, business and gambling should not be mixed together as you could suffer a big loss mate.

Regarding your question, no I don't track my ADL or even how much money I have lost already in gambling. Maybe some of us have numbers in our head, but the thing is that we really don't want to put pressure on us to log and then see how big our losses are.

I remember one thread about it, asking if we do track and log everything and if I'm not mistaken, majority says that they don't.

[HONDACD125]

I don't know my ADL because I don't gamble daily. I believe that those who don't treat gambling as a way of earning money or getting profits aren't supposed to be gambling every day because it's not that important, and you can gamble whenever you are bored or want some entertainment and you believe gambling can help you kill some time, but if you are gambling on a daily basis, it means you are treating gambling as a task, something that you need to do, and if you are keeping track of all your losses and wins in gambling, it makes it even more clearer that you are not treating gambling as a form of entertainment, and if that's the case, you are not doing it right.

There is nothing wrong with keeping a record of how much money you are losing in gambling, only to add it to your monthly expenses, in case you do budgeting and need to note everything down to see where you spent the money in the whole month. However, if you don't gamble for profits specifically, you don't really need to keep track of the funds you spend on it.

[stadus]

I don't know my ADL because I don't gamble daily.

You just need to get your daily average. If you gamble weekly, just total your losses for the whole month and divide it by 30. That’ll give you your average daily loss.

It helps you see if you’re losing more than your budget or if you’re still within limits. But if you're not really interested in tracking, then there’s nothing we can do. Still, keeping track of our losses really makes a big difference. It helps with control and awareness.

[Dave1]

I don't know my ADL because I don't gamble daily.

You just need to get your daily average. If you gamble weekly, just total your losses for the whole month and divide it by 30. That’ll give you your average daily loss.

It helps you see if you’re losing more than your budget or if you’re still within limits. But if you're not really interested in tracking, then there’s nothing we can do. Still, keeping track of our losses really makes a big difference. It helps with control and awareness.

Yeah, there are advantages of taking or tracking our losses, for one, if you wanted to be discipline or if you're already a discipline gambler, then seeing how much your losses already, you might have to think not to gamble as you might have been overbudget already.

But then again, there could be gamblers who really doesn't care how much they've losses in a certain days or weeks or month. They just wanted to continue to gamble at their own phase so we can't do anything for those kind of gamblers as it doesn't matter for them writing it down.

[Eternad]

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.

Gambling limits is indeed important and necessary to set. I only set gambling budget that I can afford to lose that’s why I don’t need to track anymore my daily losses since my bankroll itself is already cover with my limits.

This will help me to not worry on the potential loss of my game unlike others that playing with bankroll that they can’t afford to lose.

Just like what I said, it’s not wrong to track this losses but it not necessary for me since my bankroll itself is controlled limit.

[sokani]

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?

Gambling is not a side hustle, but the idea is good. It reminds me of a seminar I attended a few months back, and the speaker talked about the importance of keeping records of spending and how it can be helpful in making key decisions about finance. So having an ADL of your gambling activity is good. It will help you know the total amount you've lost and won, not only on a daily basis but also monthly, and whether to reduce your gambling activity or quit.

[CryptoHeadlineNews]

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?

But is checking "Average Daily Lose" really necessary? Because of what advantage is it if it can't help you make more profits the next day consistently? Because considering how occupy and exhausted majority of gamblers might be after each daily gambling session, I doubt if the number of gamblers that will be checking their average daily loses wouldn't be up to 0.001% of the total gamblers in the entire world. Because checking such  loses weekly or monthly would have been a perfect approach to this, whereby you check how much you were able to deposit into your betting account through out the entire week, how much you withdrew and how much left in your casino account, to know if you made profit or lose. Rather than checking everyday, as it could become boring at times.

[SATWAT]

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?

Gambling is not a side hustle, but the idea is good. It reminds me of a seminar I attended a few months back, and the speaker talked about the importance of keeping records of spending and how it can be helpful in making key decisions about finance. So having an ADL of your gambling activity is good. It will help you know the total amount you've lost and won, not only on a daily basis but also monthly, and whether to reduce your gambling activity or quit.

Now managing everything and having stats are good because peoples needs to be had awareness about their expenses with plus and minus this can help them for staying into balance otherwise things can go on wrong side.
Due to good increase in online stuff now gambling is also daily basis part of peoples activity, and they are using their incoming for fun and also increase into their sources just because of this having all details always helpful for them.
Few examples are already mentioned above for fixing stats and having well knowledge about ADL which can usable for us because this will surely increase income or also helpful for having control on gambling if it's not going into right side which is always important.

[Agbe]

I will not advise you in making the mistake of taking gambling as a side hustle because it's not worth it you should concentrate on your business and how you can strengthen your business bringing gambling into business doesn't go well as it can see your sweat of many years of setting up that business come to an end because gambling has actually ended the business of alot of person's who where taken over by their gambling excesses

[goldkingcoiner]

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?

Not sure about my ADL but I can tell you all about the funds I set aside for gambling. Never more than 10% of whatever of my income is left after I paid off all the bills, set aside some money and have some money left for whatever I like to spend on. So 10% of the "whatever I like to spend on" money goes towards the monthly gambling funds.

And the daily version is just divide that amount by the day in a month.

Betting with small amounts of money is just as fun (except for the people who delude themselves into thinking they can make a steady income or become rich by gambling with large amounts of money).

[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.

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.

Yes, there is nothing wrong with checking the expenses that are spent on gambling every week or month, but what I do in gambling in the sense of deposits is more than enough with self-control from deposits that already know.

If you win the bet, you don't need to deposit, you just need to withdraw and leave a little balance in the account, but if you lose, at least you have to rest, don't deposit again, that's what we do.

So what is disciplined for me is where deposits are no more than 5% of total monthly income.

[jaberwock]

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.

Forgetting a loss is a thing for some because if they won't, it only makes them depressed more.
But like you, I also come to a point of tracking everything about my gambling session and not just the loss but it also made me think that it was senseless or only a waste of time after some point.

I guess it is also because my strategies are changing sometimes. Things like this were not easy and requires some dedication or discipline. Results whether small or big, short-term or long-term can matter too. As for me, I feel that I still can't stop my urges no matter what. So maybe that is also the reason why I stop doing it.

[Oluwa-btc]

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?

This concept really does makea sense to me but overtime,I haven't been able to compute an orderly thoughts about my ADL.It seems it applies to all works of life other than just gambling.
For Financial tracking and spendings,risks management and evaluations,must be really effective but I don't have a track on my ADL.I'll be looking forward to evaluating my expenses habits using ADL from today henceforth.

[Fiatless]

This concept really does makea sense to me but overtime,I haven't been able to compute an orderly thoughts about my ADL.It seems it applies to all works of life other than just gambling.
For Financial tracking and spendings,risks management and evaluations,must be really effective but I don't have a track on my ADL.I'll be looking forward to evaluating my expenses habits using ADL from today henceforth.

Maybe I have the same temperament as you. I find it very difficult to track my expenses. It is common for.me to allocate a certain amount for an activity and don't monitor how much I have really spent. A typical example is my gambling budget which I don't usually follow up on how it was spent. At the end of the month, it will become obvious if I am in profit or loss after I have subtracted my total deposit from the available balance. In some cases there might be nothing to calculate since the budgeted funds have been exhausted.

Financially accountable people should be praised because it is time-consuming and requires diligence and consistency.