Should we keep a strict record of every single win and loss?

[Pandorak]

I’ve never done it and don’t want to, i don’t even have the slightest intention of keeping track of it.

I do this because i don’t feel the need to, after all, keeping track of losses only leads to regret and sadness. The first thought that will crosses my mind after seeing the total is “If only i’d spent that money on something else, it would have been so much better”.

On the other hand, before you start gambling, it’s always advisable to adjust your gambling budget to your income. This helps minimize the risk of losses and keeps your mental state stable if you lose at the end of a session.

[Rockstarguy]

​How many of you actually keep a notebook record, or use the casino's built in stats tool to track your net profit/loss? Or do you just deposit, play, and prefer not to know the exact numbers for the sake of your peace of mind?

Well, for those who are taking risks to gamble and gambling with money that they can't afford to lose, recording the amount of money used in gambling may be a good decision. At least this can show that they are not spending their money in the right way. But for those who are gambling with an amount they can afford, I don't think recording the amount of money used in gambling is even necessary because money used in gambling is supposed to be money you don't have any plans for other things but just for gambling, money that you can afford to lose without feeling bad or regretting it in the future. Gambling is a game that, if you are gambling with the right amount, you don't have to feel worried or think you are not making use of your money well.

[yahoo62278]

If you want to torture yourself and chase losses, then by all means keep track of everything lol. Just kidding, you should track you bets and see where you are and figure out if you're just donating or can actually profit after x days consistently.

People need to break it down to units as well. Bet 1, 2, or 3 units per game vs betting random a mounts each time. Try to not chase losses by going all in on a bet. 1 unit on a game you feel not so good about, 2 units for fairly confident, and 3 units on super confident bets.

**EDIT**

Say you have $100 bankroll. Break that down to 20 units. $5 per unit.

[terrific]

I don't know if this has been talked about here before

It actually was.
I just can't dig on the threads here but AFAIK, there have been similar threads in the past.
And for you to record your wins and losses, means that you'll track the win/loss that you're having as per your money.
It's okay to do that but as for me who's gambling for fun, I don't need such things when I can basically just put the stress away by not doing it.

[Versatile_choice]

I have used some gambling sites before that I can check all my losses or my profits or both at the same time for a period of time like a year. But I am no more going through it anymore. Since I have been using Stake.com, I do not know if the gambling site have anything like that because I am gambling with little amount of money. I think there was a topic like this recently, but I am not 100% certain.

In my own case, I don't bother creating chart to check my losses the same thing applicable to winings. If I won in gamble I will just celebrate it then once the money is spent, I don't talk about it anymore. As for the lost, you and I know that lossing is inevitable in gamble so when I incur Loss I will just accept it with Faith and then proceed to making another bet, if I don't have bankroll to go again, then I will just take a break for the main time. I believe every gamblers has thier own way of treating thier winings/ losses, my own way of treating losses/ wining might be different from other gamblers.

[alastantiger]

​How many of you actually keep a notebook record, or use the casino's built in stats tool to track your net profit/loss? Or do you just deposit, play, and prefer not to know the exact numbers for the sake of your peace of mind?

I think for we to get an accurate answer for this it will depend on what we want to get from gambling because for someone that is just gambling for fun and entertainment then they don't have to keep any record as doing that will defeat the purpose of having fun while gambling. But for those that are gambling because they want to make profit, it is very important to monitor what they are investing into and how much return they are getting because that is the only way they can know if they are wasting their time or they are making progress.

[lionheart78]

But if we look at it closely, gambling is ultimately an expense. Shouldn't we be keeping a proper record of exactly how much we put into a casino and lose, versus how much we actually make when we win?

Gambling is known as one form of entertainment and we all know that entertainment is normally an expense.  In order to have a good audit of our finances, I agree that we should take record of our financial flows.  I believe it is actually an SOP if we want to avoid certain hiccups on our financial ability.

​How many of you actually keep a notebook record, or use the casino's built in stats tool to track your net profit/loss?

I do not have a notebook record since the casino have their own record about my gambling engagement.  Making one will just be a redundancy.

Or do you just deposit, play, and prefer not to know the exact numbers for the sake of your peace of mind?

No, not knowing the exact number will always be a burden for me. I always wanted to have a good view of how much I am spending, winning, and losing in my gambling engagement.  This way I can know if I need to have a break or continue my gambling activity.

[knuckey]

I never record my losses and wins at the casino, I only glance at the betting history, my advice is if you feel that you are spending too much at the casino, you should stop first, because in my opinion, recording the results will make you wilder in both winning and losing situations.

[GiftedMAN]

I will prefer to only make an assetment of my gambling activities every year and not to track or keep records manually because you can see that from your account by checking your gambling history. However, whatever amount of money I assign to gambling is considered a lost to me and I accept it like that.

To those gamblers who gamble too often it will be very difficult for them to track their gambling records yearly because they will find it difficult since they will have lots of winning and losses in their history. Those who do not gamble too often can easily know how much they have invested and how much they have lost, to you who consider every amount you used in gambling as a lost money you do not need to keep records since you do not care about the money you used to gamble.

[mirakal]

I won't argue with the importance of having strict record of your gambling losses and wins, but some gamblers find it a little bit hassle and time consuming especially if you know yourself you are there gambling for fun.

Honestly, the fact that I'm in control with my losses and I still manage my bankroll well, then  for some reason, there's no need for me to secure a record of my financial gains and losses from gambling. As long as I'm aware of how many losses I have endured in gambling, that's good enough for me. I won't be gambling on the funds intended to pay my bills or using borrowed funds just to sustain my gambling urge.

[Onyeeze]

I have used some gambling sites before that I can check all my losses or my profits or both at the same time for a period of time like a year. But I am no more going through it anymore. Since I have been using Stake.com, I do not know if the gambling site have anything like that because I am gambling with little amount of money. I think there was a topic like this recently, but I am not 100% certain.

if you gamble with the little amount of money you will not be checking how much you have lost in gambling because the little amount of money you use in gambling it seems like what you can afford to lose and if you lose what you can afford to lose it will not disturb you emotion but if you lose what you cannot afford to lose in gambling when you gamble with a big amount of money it will affect your emotions and You Begin to calculate and cross check what you have lost in gambling platforms, so it will be nice for us to gamble with what we can afford to lose instead of us was checking our gambling expenses after we have gambled

[Floxynice]

I don't know if this has been talked about here before, but it’s been on my mind for some days now.

​Many times as gamblers, we choose to just flow with the fun and excitement we get from it. By doing that, we don't have to think or worry too much about the losses we incur.

But if we look at it closely, gambling is ultimately an expense. Shouldn't we be keeping a proper record of exactly how much we put into a casino and lose, versus how much we actually make when we win?

​I was thinking that this kind of habit would benefit us in several ways. For one, it helps you know if your gambling risk is getting too high, allowing you to pivot or budget a much smaller amount so you don't end up blowing through your hard earned income on casino games.

​To add to this, I feel like tracking your stats acts as a massive reality check. Our brains naturally love to remember the massive 100x wins but conveniently "forget" the ten times we reloaded our wallets after a bad run. Plus, since most of us are using crypto here, it is easier to make deposits without thinking too much. ​If you don't track your bankroll, you're basically flying blind.

​How many of you actually keep a notebook record, or use the casino's built in stats tool to track your net profit/loss? Or do you just deposit, play, and prefer not to know the exact numbers for the sake of your peace of mind?

Gambling is an expense worth tracking, do you also track how much you spend on other forms of entertainment?

If tracking your gambling records does not help you control how much you gamble, then it is just a waste of time. If the records isn't for business purposes, I am not going to track it, I will only make sure that I don't spend more than my budget. Gambling and every other forms of entertainment fall under the category of activities I will not do a yearly or monthly tracking for. Anyone who feels good doing all of those tracking can go ahead with it, but it is definitely not for me.

[STT]

Better to keep it a small enough number you don't have to operate the bets like its homework and run it so seriously.  You can always refer to the offical record which is nice but getting bound up with paperwork on everything would probably reduce the fun for most people.
     I can be quite analytical about things sometimes in trying to calculate a workable edge to the gamble but even I would not say you should have to do this every time only if its useful in some way, just avoid betting more then a fun amount is best overall.

[danherbias07]

It will all depend on the gambler, or what kind of gambler he is.

I used to have a spreadsheet of my gambling activities, mostly in sports betting. It's not a good thing for me. It kind of reminds me of my stupidity and some bad choices, and then looking at the red mark (losses) makes me feel more frustrated and stressed. Eventually, I got lazy jotting down my betting records, and then I stopped it.

Sometimes, this kind of thing (records) can make a gambler feel down, and it's not good. Some gamblers would just like to live in the moment, and they are happy with it. Putting everything in a record could be for those who will try to get serious with their gambling life.

[CryptoHeadlineNews]

I don't know if this has been talked about here before, but it’s been on my mind for some days now.

​Many times as gamblers, we choose to just flow with the fun and excitement we get from it. By doing that, we don't have to think or worry too much about the losses we incur.

But if we look at it closely, gambling is ultimately an expense. Shouldn't we be keeping a proper record of exactly how much we put into a casino and lose, versus how much we actually make when we win?

For me, I don't see any need why I should keep record of my previous gambling experiences, because it's of no benefits at all, because and that's why setting a specific budget that you intend to use for gambling that week or month is always necessary, to avoid you over spending what you never planned for. Because I'm 100% that the only thing that can make an individual starts thinking of calculating how much they lost to gambling if they might have gambled far more than they can afford to lose.

However, one thing people also need to understand is that if eventually you calculated your previous gambling experiences and discovered that you have been at lost all these while more than profits, it doesn't mean it's going to automatically change your gambling journey to be more profitable.

[Potato Chips]

TBH, like an impulse, I tend to check it whenever it is readily available. Fortunately a lot of casinos do that already. The downside is it is kinda heartbreaking to see when you're so down and you get reminded of all your dry sesh LMAO.

I typically casino hop depending on my mood lol and couldn't be bothered to do a compilation per monthly basis or just check where I played lol 

But in my case,  I usually don't overspend so it is okay. As long as the foundation is strong, we good. Of course it can be different from other people.

[Davidvictorson]

​How many of you actually keep a notebook record, or use the casino's built in stats tool to track your net profit/loss? Or do you just deposit, play, and prefer not to know the exact numbers for the sake of your peace of mind?

This is going to be my own personal opinion but if I am going to gamble with the amount I can afford to lose, I do not see any reason why I need to keep a strict profit and loss record. To add to this, I  mostly play slots which is a game where you are sure to lose most of the time, keep a profit or loss record will only be setting me up for unnecessary pressures and I do not need that.

[Hispo]

I don't know if this has been talked about here before, but it’s been on my mind for some days now.

​Many times as gamblers, we choose to just flow with the fun and excitement we get from it. By doing that, we don't have to think or worry too much about the losses we incur.

But if we look at it closely, gambling is ultimately an expense. Shouldn't we be keeping a proper record of exactly how much we put into a casino and lose, versus how much we actually make when we win?

​I was thinking that this kind of habit would benefit us in several ways. For one, it helps you know if your gambling risk is getting too high, allowing you to pivot or budget a much smaller amount so you don't end up blowing through your hard earned income on casino games.

​To add to this, I feel like tracking your stats acts as a massive reality check. Our brains naturally love to remember the massive 100x wins but conveniently "forget" the ten times we reloaded our wallets after a bad run. Plus, since most of us are using crypto here, it is easier to make deposits without thinking too much. ​If you don't track your bankroll, you're basically flying blind.

​How many of you actually keep a notebook record, or use the casino's built in stats tool to track your net profit/loss? Or do you just deposit, play, and prefer not to know the exact numbers for the sake of your peace of mind?

Actually, it is a topic which has been extensively discussed here in the gambling section of the forum. So perhaps, you should check next time.

Anyways, my opinion continues to be the same as it was in the last occasions in which people asked me about it.
I believe we are not supposed to keep a record on your losses and wins on casinos, because it can prompt us to spend more than we have planned in order to break even against the casino.

It is better for us as gambler if we allow ourseleves to forget about losses and enjoy our wins, when they come.

If we have some constant reminder on us about how we are under water against the casino, then it may push us out our boundaries.

[Z-tight]

If you want to do that, then that is fine. I don't think i would ever do that. If i ever come to the point were i think gambling is now a problem in my life, i would simply quit, though i don't think it would ever come to that. Isn't it obvious that for almost everyone, they have lost much more than what they have won, so i don't see the purpose of a record book.

I don't track net profit or loss, i just gamble. The money i deposit into casinos are amounts i can afford to lose, so when i win some and lose more, i don't really mind and i simply gamble when i want to.

[Cryptohygenic]

​Many times as gamblers, we choose to just flow with the fun and excitement we get from it. By doing that, we don't have to think or worry too much about the losses we incur.

That is very correct, we don't have to worry about our losses in gambling in as much as  we are taking it for fun and playing just for entertainment purposes.
To some people, this statement does not exist legitimate for them because they don't only the disciplines in their gambling budgets and bank rolls.
And instead to play and know when to walk away to avoid regrets, they keep chasing their losses and so on they losses more and more
Unfortunately these set of gamblers gets themselves worried after checking their bets records and realizes they have lost more than they could afford to loose as one claiming to play for fun.