Tracking your money is not important if you are in gambling just for fun not for chasing money. That is also may consume too much time and I think no one gamblers will do that stuff. Another reason maybe it will be blown your mind knowing that you have already a huge loss in gambling. For me, it is okay not to know how much my losses in gambling at least I am confident that I can afford my losses.
I disagree completely, even if you are just gambling for fun it is important to know how much money you are spending when you gamble since the source of your funds is not unlimited, also if the amount of money you have lost when you gamble is enough that you do not want to think about it because if you do that it could blow your mind away then that is a sign that maybe that person has been gambling too much money over the years and it should reduce or maybe even stop their gambling activities. 
Topic: Do you keep track of your gambling? how? - page 11. (Read 2280 times)
Usually for me i dont keep records because im kinda lazy it would be good if gambling sites has there logs but there are no ways to track your gambling expenses or investment in these kind of platforms unless you make a memo in notepad or a piece of paper. It would be a great feature, if gambling sites add this kind of history log for your bets just like in Trading where you can view your bought position and selling position.
do you registerhow much you separate for gambling?
I don't know how much it is exatly but I'm sure it's not exceeding to 10%.do you see it as an investment?
Definitely not. Investment is considered as investment when you put a money into something that can grow its value in the near future though there's a posibility of loss too due to unfavorable market situation.do you registerhow much you separate for gambling?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Im seperating my money for playing gambling, other investment and my needs because I need to do that for sure I use most of the money in playing gambling so If I know the money that I use only I know my limit and I can knlw when I stop playing if I reach my lose amount of money. do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Gambling is not investment and even before or upto now I did not use any of that things to track my losses or winnings.
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
do you register how much you separate for gambling?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Why on earth would you consider money spent gambling as an investment while been just the average gambler unless you're a professional gamblers that must have invested both time and money into bettering your gambling skills only then will understand the reason behind you seeing gambling as an investment vehicles.
This is one of the issue why the average gamble keep losing and probably end up getting addicted to gambling since they see it as an investment meanwhile they haven't investing into becoming a better gambler. As regards to keeping record, the platform used for gambling already does that so I don't have to manually keep record.
do you registerhow much you separate for gambling?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Separating your money for investments and gambling is a greate idea, on that you will have discipline on money, you will know when to spend money and when to save money. You may do it using any mediums, jusy like what OP's said, you may try notebooks, spreadsheets, your computer especially the excel, word or even notepad. It is really importat to list all your expenses and all your savings on one medium of yours, so you know what will be the output of the things you usually doing. Listing your money spent by gambling, especially the money you invest is a great idea, it will assute yourself whether your money is profitable. do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
I usually play sometimes because I am not an active player. The times I have won I have invested in crypto or bought something for my home.
Usually, I make a spreadsheet to know how to distribute the good use of my money. Because I have my intention to save for the future of my children.
you are not an active player but you are making spreadsheets for your gambling activities?thats cool and it is the first time i read such thing.Usually, I make a spreadsheet to know how to distribute the good use of my money. Because I have my intention to save for the future of my children.
or maybe those non regular gamblers are more detailed than regular?because they treasure more the money as they need for their future.
This is the first time I also read about it.
Either he is so careful or he really wants to look for himself not to be fallen into addiction, it might be an overacting but still, you are taking care of yourself and that is good. I stopped tracking my losses and wins since I thought that is not necessary since I am not addicted and I can control myself but I guess it is not that bad to do it for self-reflection, isn't it?
There are individuals that have that kind of mentality. The people I know of, not only the money they allotted for gambling or entertainment purposes but every bit of their daily expenses. In that way, they said they know where their money is going to. Not to be stingy but to have the grasp how much in a month is spent in food, bills, fuel, and others. I think it also helps in managing your financial expenditures but you really do need patience in doing that. Also, that strategy, you will see which part you can save. But on my end, when it comes to my gambling activities, I don't record it as like others, I'm not really a regular gambler so for me, there's no need to jot down all those bets. I just enjoy the game basically.
To be honest, we are the same.
I am enjoying gambling and I am not really hoping I could win or be rich and successful with it. But I do realize that it might be a way to stop gambling completely as it will show how much money I am using on gambling and it might hit me that I should completely stop. Despite the fact that I am gambling for fun, I can't really stop completely since I am used to it as my time for entertainment.
I'm not a pro gambler nor an addicted guy. However, when I do gambling on casino, I used to deposit a certain balance and if I can manage to get a good winning, I simply withdraw some part of my winning and leave the rest into the casino. For sportsbet, I have seperate fund with a BTC address which I use only for sportsbet. Hence, I don't need different things to do to track the record.
For me I only use a few casino and sportsbook so it is very easy to calculate how much I have lost by just subtracting the withdrawals from deposits made to the casino. I mean gambling is not something I take very seriously and find no reason to keep a record of it, if I ever need it I can even ask the casino to provide me a full deposit and withdrawal file and just use it.Maybe people who gamble big and do it often need to take such measures because they also have to pay various taxes on winning amounts and they must know how much they have won to pay the tax but most of the gamblers I feel are just doing it with tiny amounts which don't fall under tax slabs and hence doing nothing wrong either.
Though like what you have said, people who keep their tracking records for tax are required to deal with this those are heavy gamblers that have huge amount of money to play along.
do you registerhow much you separate for gambling?
I did it in the beginning, but what happened was that I made a profit and took out my principal and left the profit to continue playing
do you see it as an investment?
I don't see gambling as an investment, gambling is not an investment
simples spreadsheets, physical notebooks or maybe some different way?
I see professionals taking notes on strategies and results, so I think it is necessary to use spreadsheets and write things down on physical paper
Well, I only gamble if I have extra money to gamble but if I don't have, I won't gamble. That is the reason why I have heard a thousand times here in the gambling section saying that, [only gamble of what you can afford to lose].
The good purpose of gambling is just for an entertainment, the profit is just a bonus thing. You don't need to spend you money if you don't have an extra budget for it. You should spend your money and prioritize necessary things, not in gambling. Budgeting your funds in order to prevent huge losses is a good gambling strategy so that you can monitor the money that you're going to spend.
Dont ever think that it is an investment because this is very risky on your part, again, gambling is not for aiming money, it is for a fun activity.
All of the gamblers should know that gambling is risky and shouldn't be treated as a getting rich scheme. The results in gambling are uncertain and strategies are sometimes not effective if you're not lucky enough to win the game. The profit in gambling depends on your bet, so the money that you lose reflects on your greed, that's why it is not good as a source of money.
I gambled so many times and I also experienced losses but I don't have a plan to track them all because perhaps it makes my head blown knowing that I have lost a lot of money which is the fact when you are a gambler. Indeed, if you thread this to have fun, tracking is not necessary.
How can you monitor your losses in your gambling career? Making a gambling history will make you think more critically, it will help you reflect on your mistakes and losses so that you know what you're going to do next. Gambler shouldn't be careless about his money and budget, tracking is necessary if you don't mind. Maybe the reason you're not winning in gambling is because you let yourself stay on that limit, you don't make any reflections to make yourself grow in gambling.
I used to write these things into a physical notebook once but when my wifey caught me, things got fucked up. So nowadays, I just keep a track of these things via notepad in my PC and saved it with a password, so no chance of getting my betting secrets leaked to her once again.
We do have some experience about being caught by wife when it comes to things that being listed, not actually on gambling but also
on other thing. Tracking is for activities that do really need up some risk or fund management.
A little bit off-topic.
@Avirunes, your post have a lot of spaces bro. I thought it was a bug or something.
Actually tried to refresh for 3x and believe that it was just some sort of error.lol @Avirunes, your post have a lot of spaces bro. I thought it was a bug or something.
I'm not a pro gambler nor an addicted guy. However, when I do gambling on casino, I used to deposit a certain balance and if I can manage to get a good winning, I simply withdraw some part of my winning and leave the rest into the casino. For sportsbet, I have seperate fund with a BTC address which I use only for sportsbet. Hence, I don't need different things to do to track the record.
For me I only use a few casino and sportsbook so it is very easy to calculate how much I have lost by just subtracting the withdrawals from deposits made to the casino. I mean gambling is not something I take very seriously and find no reason to keep a record of it, if I ever need it I can even ask the casino to provide me a full deposit and withdrawal file and just use it.Maybe people who gamble big and do it often need to take such measures because they also have to pay various taxes on winning amounts and they must know how much they have won to pay the tax but most of the gamblers I feel are just doing it with tiny amounts which don't fall under tax slabs and hence doing nothing wrong either.
do you registerhow much you separate for gambling?
do you see it as an investment?
do you see it as an investment?
Gambling can't be an investment because you can surely lose while gambling if gone wrong, so can't take it that way. I just use 10% of my earnings to gamble and only bet on higher odds where chances of win are low because I love to take risks.
Quote
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
simples spreadsheets, physical notebooks or maybe some different way?
I used to write these things into a physical notebook once but when my wifey caught me, things got fucked up. So nowadays, I just keep a track of these things via notepad in my PC and saved it with a password, so no chance of getting my betting secrets leaked to her once again.
A little bit off-topic.
@Avirunes, your post have a lot of spaces bro. I thought it was a bug or something.
@Avirunes, your post have a lot of spaces bro. I thought it was a bug or something.
Having a record is not bad but it doesn't give any benefit tracking it.
Well aside from controlling your profit/loss by knowing when to stop is the only benefit I see. I usually don't keep tracks of my bets. I recall maintaining when I went on with small deposit and turned it into x20-x30 by placing up parlays. I went on winning lot of underdog parlays and some heavy and close game bets and I still hold that spreadsheet like a trophy.
I used to have a record of my gambling before, but since I have realized that seeing my losses will only make me more agitated with gambling, I decided to stop making a track of it and just enjoy playing since then. Having a record is not bad but it doesn't give any benefit tracking it.
-seen .
I appreciate of making it coz it is really far from me and I don't have any records to trace back where I spent my money, how much I lose, and how many times I win in gambling. Maybe I was wrong that I don't any of them to look at and to find where I am but I was so thankful also because maybe I can't accept the reality that I've lost a lot of money than of winning. This will might only gives me a reason to hate crypto gambling. I've enjoyed doing this thing though I suffered a countless time of losing but it was no regrets for me because that is the life I choose.You are not wrong Hypnosis00 for not having a record of your gambling activities, I don't have it either. Some people are more
dedicated, which is a normal thing, I am dedicated too, but not to gambling. It's my hobby and I don't need to have special diary
for that.
Losing more then winning is a bad luck! I gamble with low amounts, because of that I can lose a lot, but I can't win either, I am
satisfied with playing, and little profit when it happens, I don't see myself as greedy person.
yes i keep on tracking my gambling activies . not just gambling but to also on anything that i do i love to record them on my diary . i see it as an investment because i invest time , money and effort playing with it .
those investments are so far worth it because i now know how the game works and i can somehow predict if what will be the outcome on my game . i also track my record via notepad on my pc if ever there is a good bet / bet i.d that i experience on my games .
I appreciate of making it coz it is really far from me and I don't have any records to trace back where I spent my money, how much I lose, and how many times I win in gambling. Maybe I was wrong that I don't any of them to look at and to find where I am but I was so thankful also because maybe I can't accept the reality that I've lost a lot of money than of winning. This will might only gives me a reason to hate crypto gambling. I've enjoyed doing this thing though I suffered a countless time of losing but it was no regrets for me because that is the life I choose. those investments are so far worth it because i now know how the game works and i can somehow predict if what will be the outcome on my game . i also track my record via notepad on my pc if ever there is a good bet / bet i.d that i experience on my games .
i keep track, but do not see it as any kind of investment, it is just for the purpose to know where i am with gambling spending (yeah, unfortunately, it is usual a minus statistics), and with online bookmakers it is easier, since you can just list your payments and cash-outs and see where you are at the moment
it is good to have monthly/yearly budget that you can spend on gambling without any hesitance and that you know that this will not influence your life, than you can gamble for fun, and if there is a winning, spend it on whatever you want
it is good to have monthly/yearly budget that you can spend on gambling without any hesitance and that you know that this will not influence your life, than you can gamble for fun, and if there is a winning, spend it on whatever you want
yes i keep on tracking my gambling activies . not just gambling but to also on anything that i do i love to record them on my diary . i see it as an investment because i invest time , money and effort playing with it .
those investments are so far worth it because i now know how the game works and i can somehow predict if what will be the outcome on my game . i also track my record via notepad on my pc if ever there is a good bet / bet i.d that i experience on my games .
I find it rare to see people write the things that they've done within the day on their diaries. I can't remember how long it has been since the last time I've heard or known someone to write it on his/her diary. But don't call gambling as your investment because, despite the similarities that they have, gambling is a different activity. How do you write your wins and losses on your diary, is it through a small table or you simply write the amount? those investments are so far worth it because i now know how the game works and i can somehow predict if what will be the outcome on my game . i also track my record via notepad on my pc if ever there is a good bet / bet i.d that i experience on my games .
Jump to: