How about casino's implements feature to track past loses & profits sum overtime

[Findingnemo]

Some casinos already have them and they will be shown different stats depends on the casino, for example in stake you can get the total bets, win, loss and wagered and you can request the detailed one that will be sent to your email. But the most easier one I have ever seen was on bustadice, it just shows all time win/loss and specified time period too with just one click.

[Oasisman]

I am not opening this thread to create avenue to counter their individual opinions but I am considering the possibilities of the casino platforms having to provide a feature that can store or generates a file that summarizes total bet lost and amount lost at a specific maybe include total profits within a certain period.
Maybe the system should be setup where users can key in the entry period of their past records they want to recall.
What do you all think about this if the innovation is implemented?

Such feature already exists in some big online casinos/sportsbook. Even the new online casinos today have been logging in your records, like deposits, withdrawals, wins, and losses. However, it might not going to give you the total or overall amount, and that is something you do manually, or if it is a long list, send a request to the casino for a summary of your stats.
I guess, casinos won't auto-generate these stats on your dashboard because it doesn't look good, seeing how much a player has already lost. The majority of the players surely accumulate more losses than wins.

[Hardyrobust]

 I don't think if any casino would want to implement such a thing in there platform because it may drive away some gambler from playing in such a platform. The casino are there for profit and they won't want to do anything that will hinder there objectives by sending there customers away because most gambler may decide to leave a particular casino to another if they are to see how much they have lost while gambling in that casino. So gambler should keep track of how much they have lost while gambling in a casino and should not expect the casino to be doing this for them

[m2017]

Just a quick one my dear good people of bitcointalk forum, I am teased to create this thread after severally come across threads with the discussions about gamblers recalling their lost bets in other to realize the total sum they have lost in a specific time frame which a period of one year had been a much concern for those raising such topics.

From a user's perspective, this statistical information could be useful for assessing win and loss dynamics. But the question arises: what percentage of gamblers would actually use this information?

They tends to make gamblers know that if only they would realize how much they looses in a year or so, they would had done something better with it.

I think they're a bit unfair, because after losses, we always feel like "everything could have been done differently and better". But then again, is that really true? Or is this just another attempt at justification?

I am not opening this thread to create avenue to counter their individual opinions but I am considering the possibilities of the casino platforms having to provide a feature that can store or generates a file that summarizes total bet lost and amount lost at a specific maybe include total profits within a certain period.
Maybe the system should be setup where users can key in the entry period of their past records they want to recall.
What do you all think about this if the innovation is implemented?

The first question arises: is this necessary (profitable) for the casino? I doubt it, because, as I said above, few gamblers will likely use this feature. Will it attract new customers? No. Will it increase the casino's profits? No. Quite the contrary, it could decrease them if gamblers start tracking their statistics and using them to develop their current gambling strategy. Will this implementation require resources? Yes. You see, this is completely unnecessary for the casino. Therefore, I don't think any casino will take this step. I would only admit it under pressure from the regulator, which could force the casino to add this feature for the sake of "protecting" its users. But then again, why would the regulator do that? Therefore, I wouldn't expect this to appear in any casino.

[Nrcewker]

I don’t think casinos would profit from implementing a feature like this for gamblers. They already show you your total lifetime wager and the number of bets you’ve placed. If they also showed the total amount you’ve lost, you would probably panic and might even stop gambling. That would be a loss for the casino, which is likely why they don’t display such valuable and sensitive information.

With this, I think some casinos do show your lifetime net profit and loss, and I appreciate those casinos for their transparency and honesty with their players.

[maydna]

Perhaps casino provide that feature for gamblers to check their statistics but that will place the responsibility on gamblers to always check their stats. If gamblers know their total lost bets are bigger than their winnings, they should not think about returning to gambling and recovering their losses, that increase their losses.

Gamblers should knowing how bigger their lost and considering to reduce or control their gambling activities to prevents more losses. They don't want to see their losses becoming big than previously so they controlling that.

[Tetu100]

What do you all think about this if the innovation is implemented?

If I am not mistaken their are some casinos that has such features that can help us track down or make a proper review of our passed winnings and losses. But if I may ask, don't we think that knowing all of these isn't neccesary and that it can instigate chasing of lost and enhance aggressive gambling life style when realize how massive you have lost.

In my opinion I think it is better to let the sleeping dog lye, what is gone is gone and their is nothing we can do to get it back, instead of doing that (trying to find our every single lost and gain in gambling) and awaken a fresh memories of our lost we should just move on and forget what is gone for good, or better still quit if we think we aren't getting more than we expected to safe our peace.

[DPHOR]

Maybe the system should be setup where users can key in the entry period of their past records they want to recall.
What do you all think about this if the innovation is implemented?

If I am not mistakenly a gambling platform such as stake.com do have such history where you would have to check the total lost and total amount that you have been spending while gambling, I could be wrong or right but I think those in stake campaign can also throw more light to this if that is true. However, as a gambler you should be calculative to know how much you do allocate to gamble at every day, weeks and months.

[davis196]

Just a quick one my dear good people of bitcointalk forum, I am teased to create this thread after severally come across threads with the discussions about gamblers recalling their lost bets in other to realize the total sum they have lost in a specific time frame which a period of one year had been a much concern for those raising such topics.
They tends to make gamblers know that if only they would realize how much they looses in a year or so, they would had done something better with it.

I am not opening this thread to create avenue to counter their individual opinions but I am considering the possibilities of the casino platforms having to provide a feature that can store or generates a file that summarizes total bet lost and amount lost at a specific maybe include total profits within a certain period.
Maybe the system should be setup where users can key in the entry period of their past records they want to recall.
What do you all think about this if the innovation is implemented?

Most casinos won't implement this feature because of one reason. If the gambler sees that his results are poor and he has a net loss of minus XXXX amount of dollars for a given time frame, he might think that the casino games are rigged and the casino is scamming him. However, that might not be the case, he may be simply unlucky, but looking at his track record and seeing a bunch of negative data would convince him to leave that particular casino and pick another one. The gambling platforms have no incentive to implement such feature, because this particular feature won't keep the gamblers playing and spending money for a longer time at the casino.

[Joeboy]

What do you all think about this if the innovation is implemented?

If I am not mistaken their are some casinos that has such features that can help us track down or make a proper review of our passed winnings and losses. But if I may ask, don't we think that knowing all of these isn't neccesary and that it can instigate chasing of lost and enhance aggressive gambling life style when realize how massive you have lost.

In my opinion I think it is better to let the sleeping dog lye, what is gone is gone and their is nothing we can do to get it back, instead of doing that (trying to find our every single lost and gain in gambling) and awaken a fresh memories of our lost we should just move on and forget what is gone for good, or better still quit if we think we aren't getting more than we expected to safe our peace.

You are mostly right Tetu100... Most folks find it very difficult to control themselves especially when they realize certain things about their history... And in the case of gambling, many gambler may find their long history of losses as an extra motivation to try to recover t what they have lost to the casino and that action can drive them further and further until they become so addicted and out of control... SO for the sake of gamblers, casino shouldn't enable such a feature and for those that have it already, well they should try to remove such a feature...
Coz if folks are actually gambling for fun, then I see no reason why you should want to even be tracking your loss/win history..

[SPIDERMAN008]

I don't think casino sites will have any such feature. Because when a person can repeatedly see how much profit or loss he has made throughout the year, impactful reactions can be observed in him. For example, if someone sees that his losses from betting throughout the year are very high, then he will lose motivation to gamble. And gambling companies will never want their users to decrease or people to give up gambling. But I personally think that a gambler should keep that how much he has lost or how much he has won by betting for a long time, as a result of which he will be able to bet quite consciously.

[coinrifft]

I don't think casino sites will have any such feature. Because when a person can repeatedly see how much profit or loss he has made throughout the year, impactful reactions can be observed in him. For example, if someone sees that his losses from betting throughout the year are very high, then he will lose motivation to gamble. And gambling companies will never want their users to decrease or people to give up gambling. But I personally think that a gambler should keep that how much he has lost or how much he has won by betting for a long time, as a result of which he will be able to bet quite consciously.

But there are casinos that have this kind of features. Most of them actually, so it means that they are willing to share the data to their customers and it's up to us on how to interpret it. If we see it in the negative way, then most likely we will go and stop.

But if the gamblers kicks inside of us all, we will somewhat be motivated ang get back at the casino and try to recover it. There are gamblers that are very competitive and don't want just to lose their money on those casinos.

[viljy]

Well, at least the casino always has a history where all deposits, withdrawals and bets are marked. Is there a need for more detailed statistical functionality based on this data? - I personally don't. Because it won't do any practical good. It hardly makes sense to take gambling seriously enough to analyze statistics as if it were some kind of investment.

[Dunamisx]

Perhaps casino provide that feature for gamblers to check their statistics but that will place the responsibility on gamblers to always check their stats. If gamblers know their total lost bets are bigger than their winnings, they should not think about returning to gambling and recovering their losses, that increase their losses.

That's true, having access to this information should be by choice and maybe they can just place it based on request so that gamblers will not always compare their rate of losses to winning I'm beginning to chase after loss, perhaps not sure all casino may see this as an option to consider while some already have it implemented on their platform before now, oh that matter is for each gambler to ensure for a responsible gambling experience.

[Betwrong]

~ I am not opening this thread to create avenue to counter their individual opinions but I am considering the possibilities of the casino platforms having to provide a feature that can store or generates a file that summarizes total bet lost and amount lost at a specific maybe include total profits within a certain period.
Maybe the system should be setup where users can key in the entry period of their past records they want to recall.
What do you all think about this if the innovation is implemented?

It's a good idea and I think some casinos might implement it, but it's not we don't have something similar to it this days. On any casino you can see how much you have wagered until this moment. Then you can check your deposits and you see your current balance. So, approximately you can have an idea. Making screenshots of your big bets and big wins also can help in tracking your past loses and profits.

[Maslate]

Some reputable casinos have installed the same features as what you've mentioned. However, I don't think that would be a lot of help. If they start to tracked their past losses, and limited wins, then that would encourage them to gamble more and improve their performance, hence gambling more means more losses in the long run, it will only lead them to chase their losses and develop gambling addiction unconsciously.

I would focus more on strict risk management and emotional control. If they can maximize these factors, they might only incur minimal losses because they are already in full control of their emotions and can easily mitigate the risk.

[stadus]

I don’t think casinos would profit from implementing a feature like this for gamblers. They already show you your total lifetime wager and the number of bets you’ve placed. If they also showed the total amount you’ve lost, you would probably panic and might even stop gambling. That would be a loss for the casino, which is likely why they don’t display such valuable and sensitive information.

With this, I think some casinos do show your lifetime net profit and loss, and I appreciate those casinos for their transparency and honesty with their players.

Or let's say the other way around, people will not stop gambling until they recover their losses and hit their goal amount. That would be an advantage for the casino, while leaving the gamblers unstoppable and continue to lose their money and incur bigger losses.

Personally, I don't see having this feature an utmost advantage for us players, because the real advantage is often on the house. But if we can also gamble wisely and smartly, and make use of risk management and discipline, eventually our losses may reduced and even get to experience possible wins.

[AmaGold70]

Gamblers tracking the record of their profit, and losses is very necessary because this will help to put gamblers in control over how they gamble. This is a good feature that every gambling site should inculcate into their site. I may not know if this feature is in every casino gambling site, but in the platform I use to gamble, this feature where you can track your profit , and losses is available there, and I so much cherish that feature.
Is quite understandable that we loose money in gambling, but the only advice is that we should ensure responsible gambling, and stake responsibly. Some people who made life changing bet lost money also, but one big win changed their financial story for good. So this is all about individual decision, if you can't continue to gamble because of losses nothing is wrong with that, and to those gamblers who believe despite losses that they will one day hit a jackpot nothing is also wrong with such decision.

[YellowSwap]

I don't think if any casino would want to implement such a thing in there platform because it may drive away some gambler from playing in such a platform. The casino are there for profit and they won't want to do anything that will hinder there objectives by sending there customers away because most gambler may decide to leave a particular casino to another if they are to see how much they have lost while gambling in that casino. So gambler should keep track of how much they have lost while gambling in a casino and should not expect the casino to be doing this for them

It is available on some online casinos already, the truth is many gamblers don't even care, some of them don't even look out for such thing, based on the question that OP asked you can see that he doesn't even know that such feature exist.

Casinos will be fine still if they implement such thing, if big casinos have the features available and they still remain big, that's because the feature isn't affecting the numbers of gamblers they are having.

I know exactly how gamblers behave, features like this is too small for them to react to gambling, they won't care at all.

[purple_sparkles]

I don't think players expect much from this kind of service, and they probably don't trust it very much either. Usually, these tools display a lot of different statistics, but they don't necessarily come together in a way that's useful or meaningful to the player. Until a player has a clear strategy for when to start and stop playing, with well-defined limits, it doesn't really matter what statistics the casino shows. We already know how gambling works, we win sometimes and lose sometimes. Those statistics don't really change that.