what is your ADL?

[Fivestar4everMVP]

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

You are right any way, gambling and business does not and should not mix, and gambling shouldn't be treated as a business either, though I think it can be treated as a side hustle since gambling being a side hustle doesn't mean it's what the gambler depend on for income.

Side hustle can also mean hobby, gambling as a hobby is fine by me though if I am asked what my opinion truly is, I would say that it's always better to treat gambling as an activity one engages for fun and not for any monetary benefits, since most of us already know that there are no guarantees in the activity, we simply hope to be lucky while we gamble.

[ShowOff]

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

You are right any way, gambling and business does not and should not mix, and gambling shouldn't be treated as a business either, though I think it can be treated as a side hustle since gambling being a side hustle doesn't mean it's what the gambler depend on for income.

Side hustle can also mean hobby, gambling as a hobby is fine by me though if I am asked what my opinion truly is, I would say that it's always better to treat gambling as an activity one engages for fun and not for any monetary benefits, since most of us already know that there are no guarantees in the activity, we simply hope to be lucky while we gamble.

Two things that cannot go hand in hand, it is true that gambling is only considered a place to have fun. Business will be destroyed if it comes into contact with gambling, financial management will be in disarray, although someone can set limits so that their actions do not exceed the limit. People who realize how difficult it is to build a business will usually be smart enough to understand this.

At some point, if emotions are unstable, everyone has the potential to spend more budget on gambling, because basically everyone has that kind of tendency. Money that can be used to make a business grow can be used for gambling, therefore never think about making gambling a side job to increase income.

[MarjorieZimmermanGinger]

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.

That means we are quite problematic about discipline and maybe not just you because almost most of us have difficulty being consistent in implementing discipline. In involvement in gambling, maybe most people never make a policy regarding the calculation of the finances they spend and it would be good if we start making such a policy now. Knowing the amount of budget we spend on gambling can help someone to restrain themselves further so that they can be more controlled and responsible in spending money.

[Spinning99]

Are there some places where you can gamble and they calculate this number for you? I also don't really know my data, but I try to limit playing with little amounts and for fun. I don't think I have lost more than $50 in a single day but that would be all time record. I usually limit my loss to $10 or $20 for a day and then just stop.

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.

That means we are quite problematic about discipline and maybe not just you because almost most of us have difficulty being consistent in implementing discipline. In involvement in gambling, maybe most people never make a policy regarding the calculation of the finances they spend and it would be good if we start making such a policy now. Knowing the amount of budget we spend on gambling can help someone to restrain themselves further so that they can be more controlled and responsible in spending money.

I would say that the discipline in gambling is the most important. Things can go really bad really fast if you have no discipline.

[qwertyup23]

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 think this method helps in maintaining your current expenses related in gambling. If you can track your ADL, this can make you more aware of your expenditures and on how much you are losing in this hobby.

While tracking your ADL can be beneficial, it somehow has a different purpose when you view gambling primarily for entertainment.

For example, a person would most likely avoid checking their ADLs if they view gambling for fun and not for profit. They may justify that no matter how much they spend daily, it is justified because they get something in return- which is the general feeling and satisfaction from gambling. On the other hand, if you view gambling for profit, then tracking your ADL is both a necessity and an essential.

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

I have to admit, I used to avoid checking my ADLs whenever I gamble. It somehow gives me a punch of reality because it states on how much I spend on my hobby. It is basically the painful truth which I do think everyone has to swallow.

[danherbias07]

$5-10 a day only. I like to play it small, although sometimes I go beyond that. It can go up until $20, but that's it for me. If I lose that kind of amount, I will definitely take my day off from gambling and just do something else. In sports, I will use a total of $10 in maybe two or three different types of bets. Most of the time, it will win 2 of 3 or 1 of 3, which gives me another opportunity for the next day.

It's important to stay disciplined with the amount we spend daily, although sometimes we can get emotional and deposit more. Still, we should have that limit where we need to stop.

[EluguHcman]

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.

That means we are quite problematic about discipline and maybe not just you because almost most of us have difficulty being consistent in implementing discipline. In involvement in gambling, maybe most people never make a policy regarding the calculation of the finances they spend and it would be good if we start making such a policy now. Knowing the amount of budget we spend on gambling can help someone to restrain themselves further so that they can be more controlled and responsible in spending money.

That is just the fact. So it is like if only we can apply disciplines in our gambling by making sure we only follows our plans, there will be no need to look at back evaluating our looses.

Like it is, if we have daily or weekly budget of $50-$100 for instance and have always made sure we don't deviate like after exhausted our bankrolls for the week/daily, we don't get tempted to continue gambling by extracting extra funds from our savings which was never part of our usual plans.

[MarjorieZimmermanGinger]

Are there some places where you can gamble and they calculate this number for you? I also don't really know my data, but I try to limit playing with little amounts and for fun. I don't think I have lost more than $50 in a single day but that would be all time record. I usually limit my loss to $10 or $20 for a day and then just stop.

You can calculate this number yourself because it is not the responsibility of anyone else or the casino to provide historical data on your gambling capital. Emotionally we can set limits on the money we spend on gambling and generally that applies to people who have control. I like the pattern you have and it means you don't spend more than $50 in a day gambling. So what about a month?

I would say that the discipline in gambling is the most important. Things can go really bad really fast if you have no discipline.

Well, if we don't have control then it will be much harder to develop discipline in gambling. I exclude people who have limits on spending money in gambling because they are able to be responsible for the funds used in gambling. It is different from those who are not able to be disciplined and generally will spend more money when gambling.

[purple_sparkles]

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 aside 10% of what I earn for all kinds of pointless entertainment just for the soul. Gambling, of course, is on that list. I’d also throw in impulsive and senseless purchases, and of course, those “brilliant” investments in shady tokens.
Honestly, it's not really spending it's the price of an emotional roller coaster, But for me, it's just a part of the budget for “have fun and forget about it.”

[Dr.Bitcoin_Strange]

Do you think this strategy really helps to avoid bigger losses?

It could help depending on how much you intended to gamble with each day and hence you observed that you are losing above your budget. For example, you agreed that you will only lose $5 each day but when you tracked your ADL records, you observed that you have been spending or losing more than that, it's then left to you to decide if you will make adjustment or continue like that. But it can always help you to know if you are standing by your root or not.

[Botnake]

It could help depending on how much you intended to gamble with each day and hence you observed that you are losing above your budget. For example, you agreed that you will only lose $5 each day but when you tracked your ADL records, you observed that you have been spending or losing more than that, it's then left to you to decide if you will make adjustment or continue like that. But it can always help you to know if you are standing by your root or not.

Knowing your average daily losses already gives you a clear sign that something needs to be worked on. You’re actually being a responsible gambler if you're aware of this, because most people don’t track their losses, they only remember their wins. That’s why many never change their gambling habits.

There’s nothing wrong with gambling as long as it’s within your limits. But it still becomes risky if you don’t monitor it, because at any moment, one bad decision could lead to losing control.

[stadus]

There’s nothing wrong with gambling as long as it’s within your limits. But it still becomes risky if you don’t monitor it, because at any moment, one bad decision could lead to losing control.

There’s really no need to monitor things too much if you’re responsible enough to stop once you hit your bankroll limit. What’s important is knowing when to walk away, whether you’re winning or losing. There’s always another day.

But the hardest part is stopping when you’re losing. That’s the real challenge, and something every gambler has to learn if they want to stay in control.
As for ADL (average daily loss), honestly, you don’t need that especially if you’re not gambling every day.

[junder]

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 a case where I have several friends who are in the same business, with one now he has fallen bankrupt because he did gambling excessively, and now recently my friend who runs a restaurant business is very interested in gambling, of course I as a friend do not forget to remind him not to overdo it so as not to experience the same thing as my other friends who fell bankrupt. I hope you can take this as an example not to overdo gambling.
With myself, my daily activities are helping my parents' business which sometimes produces sometimes not for myself and moreover I don't expect any profit for me, so I do gambling sometimes when I have a profit and even then if the profit is quite a lot, because if the profit I get is not much then I use it to fulfill my desires such as paying wifi bills or snacks.

[Dr.Bitcoin_Strange]

What is gone is gone and what's gone was actually what was already budgeted for, an allocation that was specifically kept for gambling. Going back to the record could bring back some feelings of regret and perhaps it's not all the time I gamble daily, I gamble occasionally this time around because other business are more important now, unlike before when there was no responsibilities to handle, now is different, I can only spend much time on gambling during weekend and it's with money I can afford.

[Strongkored]

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

I don't count it, not before and not now. I feel like it's a waste of time. I just focus on ensuring the money I deposit is within my predetermined budget. If a withdrawal is successful, that's great. But if it isn't, I check again to see if the deposited funds are within my budget. If it's over, I should stop for a while.

I doubt many players even count their ADL. It's more fun to play than to count ADL because if know it, it can be annoying of course.