Difficult if you keep noting everything.
I do bets in sports with cryptocurrencies and I don't note every single one.
Prices of it change so it won't matter.
You will just feel more regret if you sum up everything that you will lose.
With parlays you could lose a lot and that will hurt if you have already gambled a lot of money in it.
Perhaps those who use USD to bet will make something like a spreadsheet.
Topic: Do you keep track of your gambling? how? - page 14. (Read 2283 times)
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.
^ Definitely right as of me but different people have a different way of tracking their money and I will not blame them by that because we had our own perspective way of handling or budgeting our fund. Keeping track of what you have been spent in gambling is not bad, but it's up to you if you are willing to spend your time on this. Nevertheless, probably this is good for yearly audit but I won't agree if this is daily. 
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.
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?
You keep track as you would any other expense by making a budget, learning how to make a budget may seem difficult at first but once you learn how to do it you will have no problem keeping track of your expenses, this can be very advantageous when it comes to gambling because if you happen to spend all your allocated budget for that week or month your budget will tell you to stop gambling, and if you do, you will soon notice that you have more money available for other things like trading or investing. do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Never really though gambling as an investment but if you can afford some money for gambling then allocate fraction of funds for it from your paycheck and for not messing up with total saving create a separate wallet for gambling purpose and move bitcoin from here to gambling sites whenever you wanted to play.
Excel sheets might be useful to trace your winnings with simple formula or you can simply use the bet history on the gambling sites itself.
Excel sheets might be useful to trace your winnings with simple formula or you can simply use the bet history on the gambling sites itself.
I don't usually allocate money for gambling since I don't often gamble for the last few months. I will only gamble if I have extra money, and I feel like playing. So my gambling depends on the money I have, and there's no fixed amount. When I gamble, I don't record it since I don't gamble that much. Aside from being lazy, if I would keep a record, I feel like I might get frustrated seeing the track of my losses. So for me, the recording is not my thing.
Gambling is far from investment. Although they both have risk, gambling is a short term risk and reward, while investment is for the long term period. Gambling is playing and luck but in investment, it's a more serious case because it involves a bigger amount of money. Luck won't give you profit on investment, you need to be smart.
Gambling is far from investment. Although they both have risk, gambling is a short term risk and reward, while investment is for the long term period. Gambling is playing and luck but in investment, it's a more serious case because it involves a bigger amount of money. Luck won't give you profit on investment, you need to be smart.
Most of the gambling sites show your bets history, so you can easily track it, but for me, I make my own spreadsheet so I can easily access it and I can put some analysis, I'm talking about games in sports since for sports bettors, it's necessary that we are aware of our standing to determine our profitability rate and if its necessary to adjust.
For sports betting then its understandable but for other games just luck-based ones then its totally useless to wrote up everything.
Yes, we can see bets history but its totally different when you do look at directly on a spreadsheet.I've tried for a while when it comes
to tallying up my wins and loss in sports betting because its always been part when it comes to make calculations on how much you gonna
bet on a particular game or in short its a part of risk management this is why tracking your bets would be important (for sports only).
Most of the gambling sites show your bets history, so you can easily track it, but for me, I make my own spreadsheet so I can easily access it and I can put some analysis, I'm talking about games in sports since for sports bettors, it's necessary that we are aware of our standing to determine our profitability rate and if its necessary to adjust.
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?
I don't keep a record or a spreadsheet or anything now, I don't even look at my betting history, it will just depress me, I'm not very good at gambling so I cannot treat it as an investment and people should not also treat it if you are just an average gambler and you are not a high roller, with huge funds to challenge the house edge. do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
I do it but in a very simple way, I mean I do not do a specific calculation on every time I do gamble but I just do something like an estimation on how much I win and lose. Once I reach my own limit on both winning and losing then I'll stop for a while then I'll come back after several days or even weeks depends on my own financial condition.
I think to track the history of gambling only a few websites that provide that function, or maybe it can use a record of the advantages and disadvantages when you gamble and need to remember that all the settings or strategies you use cannot be the same as before so no one can provide profit or loss guarantee. 
I do it but in a very simple way, I mean I do not do a specific calculation on every time I do gamble but I just do something like an estimation on how much I win and lose. Once I reach my own limit on both winning and losing then I'll stop for a while then I'll come back after several days or even weeks depends on my own financial condition.
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?
Yes, I always try to record how much money I used for gamblimg.do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
I don't see it as an investment since there is no guarantee that I will win every time I play. The way how I track the money I used for gambling is simply I record it on an excel file including the date, its value and whether if I win or not.
I do track my losses and winnings in order to make adjustments. If I would observe that I am being too far from my 'limits' every week, I will assure changes that would benefit me on not having bigger losses. I do want to track in which games I do lose more and to where I am earning but there are only few games in which I will engage myself with so I just focus the tracking with the profit or losses in accordance with the limits that I mentioned. The limits I am referring to are the amount of money I am using in gambling both in daily and weekly basis. This enhance my self-control and also, helps me to avoid gambling addiction in such way.
how did it work out on having gambling as a source of income?
could you have a stable payment every week/month or it varied a lot?
and what were the games you played?
Maybe he earned huge money from gambling for him to say that gambling is his source of income which is not applicable to all gambler. Not all gamblers are lucky enough to win continuously or more often to most of the gamblers. It is only determined by one's fate and this thing is not advisable. Gambling should just be a source of enjoyment or leisure and not a source of income.
I used to do it back then when I would gamble as a source of income. It was so nerve wrecking seeing the losses I would sometimes make but right now I do gamble majorly for the purposes of fun or entertainment with my spare money so there is no need of me creating records anymore.
how did it work out on having gambling as a source of income?
could you have a stable payment every week/month or it varied a lot?
and what were the games you played?
Whenever I have spare from my salary I set them as for my miscellaneous activities for partying, going out on weekends, drinking, or even gambling. So, I don't have any amount specifically set aside for gambling. I don't keep track of how much I have spent on gambling because my aim is to enjoy and relieve stress if I would list down all off the amount I have lost I might feel disappointed.
thats why i see no good reason why we need to keep track of our Gambling expenses when we already know that more on losing than the wins.i remember for a week back then i tried to track my losses and what gives me?frustration and regrets when the truth is i just wanna gamble for fun and not for the profit.
but of course i i win?i will be happy and may enjoy more things in weekends.
I keep track ang make a spreadsheet for my investment and I don't consider gambling as an investment. I only keep track on how much money I have started to gamble with in the beginning of the game just to see how much I lost or win after playing.
I used to do it back then when I would gamble as a source of income. It was so nerve wrecking seeing the losses I would sometimes make but right now I do gamble majorly for the purposes of fun or entertainment with my spare money so there is no need of me creating records anymore.
how did it work out on having gambling as a source of income?
could you have a stable payment every week/month or it varied a lot?
and what were the games you played?
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?
I have started with just a note in order to find where I am going with this gambling and to see if I am gaining. But I'd find out that it seems not a useful thing do in my part because I am just a casual gambler and I only have to gamble when I feel stress or when I have free time. I don't know if the majority of the gamblers will do like this, having a list of their losses could something to tell you that gambling isn't an investment nor you can make money from it. do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Yes. I use google spreadsheet to track my gambling. There are a couple of strategy that I have placed into set which goes as a rule. And there are few more things I'm experimenting with. I think I have no difference between investment and gambling as almost all of my crypto coins has gone into one sort of gambling or other and I dream of generating a steady profit from gambling in future.
In fact I don't but that is because I don't gamble for large sums. I use extra money from my income that I will not miss, these arw not the sane sums all the time but I don't need some records.
Otherwise I think that it's good for large players to have evidence how much they put in game, win and loose. Sometimes when you see the sum of money that went into gambling you'll know if you spend too much and if that is leading you to the wrong way.
Otherwise I think that it's good for large players to have evidence how much they put in game, win and loose. Sometimes when you see the sum of money that went into gambling you'll know if you spend too much and if that is leading you to the wrong way.
I guess keeping track of ones bettings could actually help people avoid the addictions, betting without being profitable and betting with amount they can't afford to lose.
By the way, I thought online casinos keep these records for bettors? They could be useful for addicts and those without profitability in mind.
do you registerhow much you separate for gambling?
Nope. Even when the time I was gambling, I don't register it. I just get a portion of my BTC and deposit it on the gambling site.do you see it as an investment?
Base on Google, the definition of an investment is "the action or process of investing money for profit or material result."Base on the definition itself, you can determine if gambling is an investment already or not. We invest money in gambling so that we can get a profit right? So gambling = investment.
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
No tracking, no spreadsheets, no notebooks, no nothing simples spreadsheets, physical notebooks or maybe some different way?
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