Topic: Do you keep a record of winnings and losses in gambling? - page 4. (Read 890 times)

If you want to try of the gambling games,it may be help you find the exact loss or profit at the month end.But you should do next keep the daily or weekly record in the mind,because it will affect your entire game.So you can record the game win and loss.But don’t calculate the daily winning from the gambling sites and specific loss may made the gambler to use of the emotion to the gambling game.The gambling game with the emotion never gives you the good win from the gambling.So it’s essential for the gambler to do avoid of emotion to the gambling sites.

try recording your expenses every month, how do you feel? Are you becoming more wasteful or more frugal?
in psychology, when you record everything you do then you can think further about things you should avoid or improve, likewise when you are an active gambler, you must record your capital, your losses, your wins, money that you withdraw every time you play, you will find out what percentage of profits you make in gambling, i implemented it.

We can track losses from the game history or compare deposits and withdrawals, I'm sure on average they experience losses rather than wins when comparing from the withdrawal side, but gambling is not a factor in making a profit because I gamble for entertainment and I am prepared to accept losses from using funds limited to gambling, some gamblers may not have the mentality to calculate the funds that have been used for gambling, but some gamblers do not care to track previous gambling history because they are not ready to accept losses from gambling.

Nope this is not waste of times nor this is a good one as we all know that recording our losses is good enough to be more careful nextime cause we can see in our record how bad it is, and also once we are tracking our losses we can control ourselves in our next bet. Anyways still it's up to us if we gonna track our record or not cause there's re many gambler that they don't have to worry all about si they will not going to track thier losses.

When you have a history of losses it is very difficult to make them wins, unless you have great patience with doing Different things , so when you try to do Things Better you do Have to keep a history, but Of course it is good to Start from scratch, not with losses Because that will have a mental effect in wanting to see those Numbers in positive and not in Negative , for this reason it is that when we see that there is something bad, we want to Change it , and the Person will be able to many goals, and goals are difficult to achieve when it Comes to a casino, and a casino will always have the advantage of Winning over any Player , and it is their Business , that is why they have the house advantage, and it must always be that way, They cannot benefit the players Above the house because it would make no sense for them to do so, no one sets up a Business to lose, it is someone who does not have any kind of sense, the one who has a Company, a business, is because he wants to win, not Because I want to lose.

Losses always have an effect on People , in the Majority , because it is simple , when there is a record the person can record, then when there is a record of Each bet, of the money that is placed in each bet, because it is something that is You can Admit there and comply , because that is a record, I also see it as important that Each win can be written a Report of How you did it to see if it is Applicable to generating a type of tacitc with respect to the Event of the game, and the Scenario that represents it, it is something that Sounds like an Invention, but the more detail in a casino and in the way of playing, it is something very good, because each note that is written, can be Studied and can be applied so that it can be very good as an Application , and in this case it has to Give many more Things , that is why the more order there is , the Better , because this way the money that is Being put into play is more Controlled , of course the money that is available to Lose.

I am never afraid of losing in gambling because after all this is part of a gambling game. The thing I'm afraid of is myself, I'm afraid that the gambling I do can't be completely controlled, causing something worse than just a gambling addiction. So I need a special record so that I can easily apply financial limits when gambling.


IIn fact, armed with these notes, it makes me better at controlling my finances and gambling activities and this can also make it easier for me to minimize the level of losses in gambling. Everyone has their own views about gambling and each person also has their own way so that they can maintain control over their gambling activities.
And I'm not too worried about that, if the notes I do make me less enthusiastic about gambling, then I will decide to just stop gambling and look for other activities that are more positive and productive.

And instead of him having the desire to chase his losses, maybe he doesn't need a gambling record, and he still limits his gambling so that he doesn't lose a lot of money. With these restrictions, it is enough for him to be able to gamble responsibly so that he can get pleasure from gambling, while if he loses, he also does not try to recover his losses. He can still control himself while gambling. After all, he doesn't think about how much he will lose because he is really disciplined in gambling. But it all comes back to each gambler because not all gamblers have good self-control.

It's not only a good practice but also to keep yourself on track of how much money you wager and your earnings. Knowing if your capital produces money or not is good, but do keep in mind that it might also be the trigger of chasing your losses if ever you see your records with negative profit. Self-control is still needed even if you're tracking your gambling activities.

And that's good practice, because keeping a record of track of your expenses is a good way of knowing how much your money has grown or lost, I personally keep a record of everything I do, especially in gambling, because I should know if my capital produces a profit or not. In that way, I will be a responsible gambler, not just gamblers who bet and doesn't have a concern on their money. I also keep track or record of my trading in bitcoin or any other coin and also in my investments, let's say, in all the things I do with relation to money. I think many think that it's a waste of time or they say that you should not have a thing that will remind you of your losses. No, you should have, so you know if you are a responsible gambler and know if you should continue or quit gambling.

If you are are really just aware or been wary about the risks of gambling then you wont really be that making yourself that get addicted through it. It is really just that a matter of self realization and making things which are sensible on doing so. If you do see that it is risky then you should really be that playing with outmost careful act and management specially into your finances. Having a record is never been that recommended though yet it would really be that so impossible that you cant really be able to determine if  you are already spending that much or you are really that still in good shape when it comes to spending.
Somewhat if you do find out that this is the best way on controlling yourself then its up to you which each person is really that different when it comes to things on which they would really be that
having that different behavior and approaches on things.

For me then it wont really be that necessary because seeing my losses in overall will really be just that be making me that desperate because if small losses would really be accumulated and you've seen
that you had spend out that much then there's a tendency that you would really be that spending up more because you would really be chasing up losses.

Most people will tend to just play gambling for fun and for good reason - you're highly likely to lose money over the long term because bookmakers and casinos put a lot of resources into making sure they are the long term winners. These companies are not charities and have a sizable buffer built into all of the bets that they offer to their customers. Some casinos will entice you with many winning streaks at the start of your account or even every single day, but they run a blackbox system which can quickly tilt the other way so you face a lot of losses. Unless you're playing a skill based game like poker, you should realize that the odds - that casinos freely advertise on each game - are mathematically stacked against you.

Of course, they can do it for any purpose, but I'm not sure if 1/10th of gamblers have done it. I never keep track of how much I lose and how much I win from gambling, but I just limit my budget on gambling especially to the amount I can afford to lose. It doesn't matter whether you win or lose because both are part of the game, so I ignore the notes for whatever reason.

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Simply put, gamblers don't need to be afraid of losing because it's basically part of the game. If they don't want to lose more than they can afford to lose, then set a budget limit and gamble responsibly. So, have you take notes everything so far?

This is not about fighting a system but about understanding a gambling system. We need to understand this not so that we can get big profits in gambling, but we need to understand this so that we can be more careful in gambling and not behave carelessly when playing it.
And however and whatever the method, we will never be able to fight a gambling system, what we need to do is continue to try to control ourselves in gambling so that the gambling activities we carry out are under control and do not cause significant levels of loss.

That's nice to know that there are incentives when you're under the typical median income. So, the taxation is going to depend on your results as well. I think that I have seen it somewhere people have discussed about this but I have forgotten if it's from here or somewhere else.

Well, going with the personal thoughts about keeping record so for those that are in that country, you've got no choice but to record it and it's more of an obligation to do so you have to do it.

Even if you don't like it, you have to.

Many gamblers will choose the gambling as the fun oriented game,So they won’t keep the record of the loss and winning of the game.But we have to understand the fact only the serious people and want to earn from the gambling will do this record of the games.Because by calculating the win and loss of the game may affect the mindset of the gambler,So the emotions of the gambler may trigger and it will affect the entire game.So it’s better to play the gambling game without any of the record is my opinion on this.But if you want to make the big change in the gambling,you need to learn the new way of the game daily.

I believe people in the United States are also supposed to keep a record of their losses in gambling and also related to trading of securities and cryptocurrencies. Because, as far as I understand, if they can prove to their government and the taxation agency that they have suffered significant losses because those activities, they can opt to pay less taxes or even get a refund of the taxes they end up paying.
I have personally talked a little bit about that with some friend of mine who lives in the United States, because of their low income they generally get a refund of their taxes and also can qualify for government programs to get food stamps and also access to healthcare.
Interestingly enough, in the United States there is also some law to reduce your taxes if you keep tracks of the gifts you make to people who does not belong to your close family.

Doing paperwork there must be a nightmare if one does not do it with enough time.

Those living in strict countries just like the United States, it's important for them to record their wins but how about their losses? Anyway, that's how it will go if they're into gambling and get got a win, that will definitely come in to their revenue.

It's okay not to keep records if you're just typically gambling and you enjoy it. That's why the casino themselves have their records and histories for your reference.

I think that's more than enough for someone who wants to have himself a record just for his personal perusal.

I have stated in this thread and in my personal and humble opinion, no gambler is supposed to keep a strict record of their wins and losses, because it could encourage chasing losses, because the craving of one to get in net positive with the casino balance, instead knowing one lost money in the long or mid term.
However, I must admit I did not take into considerations those gamblers who happen to live in the United States and in other nations where gambling income is taxed, so in order for it to be properly declared to authorities, it is necessary to track ones's losses and winnings. It is pretty much similar to what traders have to do, so they won't commit the mistake and end up  being accused of tax evasion. 

In my opinion, gamblers keep records of wins/losses for very different reasons. Someone to understand how much money loses in the casino for a certain period of time, someone to calculate the real RTP of a particular gambling game, someone keeps a record of all their income/expenses, so the activity in gambling is also included in these records.   

I don't know what the use of notes is in gambling, in fact I'm not sure they need to learn anything when they are againt the system. I'm not really interested in learning how to beat the system, it's obviously pointless especially in luck based games like slots, dice or some others. Usually notes are not made to prevent many losses, but they seem to want to learn something that they believe could be the main weapon to beat the system.