Topic: Do you keep a record of winnings and losses in gambling? (Read 1080 times)

Results or outcomes couldn't really be the same from time to time, if we do talk about or mind about having those patterns then we would be definitely wrong because it doesnt exist in the first place.

It would really be that totally random and something that cant be known.There would be no things on this world would be able to alter or would be able to give effect on how lucky you are
on a particular situation or moment on which we know that it would really be that known to be lucky on the time that we are winning which is something that typical.
Making some listing about your winnings and losses then it would really just remove out the real essence of entertainment when you do gamble.

Why? It would really be just making you remind that there's something you do need to follow which it isnt fun at all.

As I said before and indeed I would not say that the records are completely useless because obviously we cannot conclude all that without looking from various sides first about what their purpose is to see or do such records. If indeed the note is for a benchmark to find out whether the number of their losses is greater than the winnings then the possibility is two, there  are those who don't really care about it and there are also those who make it a lesson and by knowing that then I think they will reduce their gambling activities and if they have at least there is still another option which is to reduce the amount of budget for gambling, nothing but good because it is so that the number of losses does not get bigger.

But basically because of the fact that it always happens more often to lose than win, therefore there is no other choice but you gamble with the intention of seeking pleasure only, it is better and indeed I think with that mindset you will not experience unexpected things because obviously your interest in winning will definitely not be too serious. Honestly, I also don't care how rich you are because the casino will be happier if you are one of the rich  people who always overdo it, the casino will get a big profit from your excessive behavior and always lose. That's why it's better to prevent.                 

Of course, there are certain sequences of falling out of these or those values, and their probabilities. But you should not rely entirely on the records of winners and losers - things can always change at any moment, and things can always go wrong

Well, I think this advice is specially poised towards career gamblers - those who takes gambling as their primary source of income - since they are mostly involved in gambling perpetually. For those who gamble, once in a blue moon, I do not think that this information will be so relevant to them.

Before you use yourself as an assessment to the above-mentioned advice, it will be great if you ask yourself whether you are a career gambler you do it just for the sake of catching fun. If it is the latter, I do not think it is necessary to begin to draw spreadsheets of expenses you've invested in the gambling game since you don't do it frequently but only when you feel like doing it and some times, it takes some people months after they had gambled the last time.

True, there are ones whose serious and there are ones who doesnt really care and this is why they dont really make out any tracking or tally about on how much they had lost and win in gambling.
Well, it is really just that indeed true that gambling should really be for fun and you should really be spending only on the amount on which you can only afford to lose and never ever consider
to be that spending up big with it. Even if you are really that rich but still financial management would really be always that crucial or much needed.
One thing that you should bare in mind that whenever you do deal with gambling then you should really be doing your very best on not to make yourself get addicted because if you do
then you would be just basically be messing up your life with.

I think recording the number of losses and wins is very dependent on each individual, as you said if they are very serious in their gambling involvement then maybe they can do this recording, and also on the other hand I see that there are those who record with the aim that if the number of losses is greater then they will slightly reduce their gambling activity or even by putting a smaller amount for the next gamble. Obviously I'm not going to say that this method is useless because everyone has different goals, maybe you say that this is useless, it doesn't matter but for some people maybe this is an effective way for them to know the amount of defeat, or it is used as a benchmark so that when the amount of defeat is greater then they will reduce their activity as I said above.

Honestly, I wouldn't say it's bad if their goal is to get better by any means. Another thing is yes I agree with you that it is indeed a business for casinos and with that means that the purpose of casinos is none other than to benefit from the defeat of gamblers, therefore as we know that the real fact is that you will often lose rather than win, the house will always win because they manage everything. That is why we should not overdo it and gamble for fun.

Unless you're playing a serious game where you absolutely and mathematically can verify that you are getting an advantage over the casino or other players, it feels a little bit pointless to keep a track of wins and losses for gambling. On games like slots, you can simply watch your wallet deplete quite consistently and be sure that the whole game is engineered to clean you out, there is no doubt about that. You just have to remember that every gambling company is in business to make money and they make it from people like you. Even if you do gain short term success or figure out a way to beat them in something like sports betting, they will quickly adapt and stem the losses that they are taking in future.

I don't keep any records of gambling activities once I lose I move on of course there are plenty of gambling opportunities ahead, I also don't record or keep any of my winning bets it's of no use to me, I bet on football matches so there is the tendency that if the two teams would play a rematch I switch over to their past records and statistics to place another bet, I never rely on the record of my previous losses or wins to place another bet because I can't use those records to influence my next betting, while gamblers that kept those records might do so based on the type of betting they are involved in probably those records might influence their next betting well I am here to learn about their own experience.

What's the need for keeping records of your sales and purchases in your storeroom, no matter how we want to look at it? Keeping records of things is really important, and it's essential as it helps us quickly understand if we are making progress and profit on things that we are putting both effort and resources into.
 
Gambling is no different from other forms of expenses that we make. I know most people think less of it due to the little amount of money that they dedicate to it, but no matter how small the amount is, anything that requires spending needs a proper record.

Even if it's not now, it will definitely help in the future to determine if you are still gambling within the hour limit or if you are spending beyond what your budget allows. So, however you put it, to me, keeping track of our gambling activity is very important.

Which seems like a simple task but for a gambler it is a daunting one, for several reasons.
1. Lack of patience - no gambler has the patience to sit and collect that data in the first place.
2. Realization of how much they have lost - in other words, how much they could have saved in the first place.
3. Looking back at their debts - self explainatory, it causes a chill in their chest to see how much they owe others.

Gambling is not an investment. Casino bankroll investing is an investment. But gambler will always gamble and not invest.

Gambling records should be able to help you control your gambling activities so that you will know how much money you use in a week or month so that you can allocate sufficient funds for gambling. But you also have to have self-control every time you gamble so you don't exceed the limits you set in a week or month. Having a gambling record actually also helps you refrain from gambling and prevent yourself from becoming addicted to gambling. But some others do not need to have a gambling record because they only use gambling as entertainment and do not exceed the limits. That is actually their goal in gambling so that they do not experience any problems in gambling, such as gambling addiction.

The problem is precisely there, when you enter a record and have registered losses, things can go wrong, because playing under pressure or with the exception that the game you are playing is because you must win, is something that should not be done, always To play first you have to do it calmly without any type of pressure or do anything to recover what you lost, in this order of ideas we are people who will always want to make Profits and we will look for it no matter what, maybe that is Our guideline, look for profits, because if we don't look for winning, we are not going to look for losing, because it doesn't make any kind of sense to do so , so in order not to go too far, we have to have a very different vision of things when we play. In my case I would start making a list or record of my games or my experiences in casinos , but since I am a person who does it initially , but then I get bored or I want to play at my own pace and I can't. Do not do it. because I have to write it down or put it in a record , because things can happen in a very Precise way and sometimes I don't have that patience.

When a person has a lot of losses and wants to Recover in any way , it is the Biggest mistake that can be made in this case because we are the people who have to organize the efforts to make profits, and if we have losses it is difficult to survive in our country, even more When everything is not spent, then in this order of ideas we cannot do anything else but be alert to only lose what we are willing to lose and if what we do is keep that very extensive record of losses and want to recover it, well, I don't dare, I don't even consider it to try it, it would be something very extreme and it is not in my plans, for that reason I always say that as a player you must know your limits and to go beyond there is to have the ability to resist those losses, to The rest I wouldn't venture into doing Something like that , that's what I think.

First of all, I want to share what I think about putting money into gambling. I consider the amount I put into gambling account or gambling budget is already gone. I am paying for the entertainment and not for the win. Gambling is for entertainment purposes only and it should stay like that. And if you win something while gambling then it's a bonus that you get for using that platform or being a part of it.
Now the topic about keeping records of winning and losing in gambling. People should always keep records of everything spent in gambling. Trust me, it does not ruin the entertainment, instead it gives a clear mind and helps you take good decisions while gambling.

A gambler should have a strict budget and a strategy. This strategy includes how much money you were going to spend in how many days and how many bets should you place with how much money on each bet. If you have a proper strategy like this, you will have a strict budget and you will never go over it also a discipline mindset which will never become addicted to gambling. In order to do this, we need to keep record of everything. So yeah, in conclusion I want to say that every gambler should keep a record of their winning and losing.

I wasn't so sure about keeping track at first.  Seemed like it might ruin the fun, you know? But I've come around on it.  Keeping tabs helps me wrap my head around the stakes.  Not in like a cutthroat way, just knowing what the score is.  Plus it keeps me from going overboard with my bets.  Which is probably smart for my wallet.  but I totally get if tracking seems like a buzzkill to some people. and  To each their own and all that.  Some folks just like to relax and enjoy without sweating the details.  And that's cool too.

The reality of ascertaining whether or not you are winning when gambling (by winning I mean you are in profit) is to calculate the average of all loses and wins, the result of the calculation tells you how much you have either lost or gained while gambling, at worst, it will give you a neutral value.

But I recommend that people do their calculations from their records as it can also be likened to one making an investment in a particular asset class.

Would really be always fall out into the sense that people neither would care or not on the money that they are losing on the time that they do gamble. Keeping a record isnt bad to have some tracks but this do really basically shows that you are really that mindful about on how much you do lost and track on how much you do win. Its not bad but for the sake of limitation then i dont see for this to be that relevant
but rather it would really be just that making you even more that desperate on the time that you would really be that on gambling session.In my case then i dont really care that much about on how much
i do win or lose and never ever keep a tally or would really be that mindful about making some records.

I do only play with having that particular balance and never be that mindful about on the things that could happen whether it would be a losing or winning kind of condition.
You would really be just that making yourself that too stressful if you are really that minding about the numbers because you would really be finding yourself on
checking it out every now and then.

The question they can answer is whether they will continue to dig a deeper hole to trap themselves or prefer to slowly cover the hole with soil so that if they fall then they will not experience too much pain or will not experience significant injuries to their limbs, doesn't this question make sense? yes please answer, because your answer or choice will be able to determine your next fate. Going back to the original topic, I think taking notes is a good idea to serve as a warning so that we can take precautions, and so that the impact that we will experience later will not be too great. But maybe it will come back to the person, if indeed by seeing the record of the number of defeats that dominate they can reduce their gambling a little that's good, but on the other hand I'm sure that there will also be people who don't care about the record and still behave excessively.

Yes that's better, your advice is good enough to emphasize that person to further strengthen their finances by always making better considerations, one of which is by only putting a small amount of your money to gamble, it doesn't matter because after all this is just an activity for profit, and if you are lucky then you will also win like everyone else.

Well this maybe one way to stop ignoring the losses you have made in gambling but still you cannot denied a fact that gambling is getting burden on us and slowly we are losing money from gambling.

When I to do not keep track of the losses in gambling and I appreciate the same working of yours but I will just advised to add further strength to your finicial portfolio, just allocated certain amount of money to the gambling so that you cannot lose anything which you have not allocated way before the game you play.

I also think that gambler should always have records of his gambling transactions and gambling results.  This way a gambler can easily know whether he is winning or not and can plan or make a right decision in order to minimize his losses. 

It is also important to know our gambling statistics so that we can find gambling games where we excel with like poker, blackjack or sports betting.  This can also help us to assess new strategy and systems.  According to this article: https://www.gamblingsitesonline.org/sports/articles/why-keep-betting-records/, the importance of keeping record of our winning and losing in gambling helps us find our shortcomings and strength.

I personally never record or deliberately remember the amount of money I have spent or the winnings I have obtained because my goal in gambling is to seek pleasure so I don't really care about it, maybe if I write it down then maybe I will stop betting because when I looking at the notes later it is very clear that we often see defeats in the notes, so to avoid frustration I should decide never to record them at all.