Do you keep track of your gambling? how? - page 3.

Russlenat

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Quote from: ?? on ??

I have never recorded, because for me gambling is a pastime and relaxation method, every time I bet within the range that I can bear, so there is no need to record.

Most of the gamblers are treating gambling as their pastime or a way to entertain themselves, and you are right they don't need to record anything as long as they are responsible enough with the amount they gamble, and it should always be not beyond what they can't afford to lose.

Quote from: ?? on ??

But if gambling is regarded as an investment, I think it should be recorded in a table

Sports betting for me could be a form of investing in yourself since it's a game where you can use your skills and when you can use your skills, that means you will not rely on your luck and you can be consistent.

StephenJH

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Quote from: freedomgo on June 03, 2020, 07:00:25 PM

Quote from: kawetsriyanto on June 03, 2020, 06:54:49 PM

Quote from: freedomgo on June 03, 2020, 08:32:26 AM

Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck,

I agree that we will never win constantly in dice or crash games. When we are playing luck-based games, it is purely about luck and cannot rely on our skills or specific approaches. In this matter, it doesn't make sense to expect winning regularly for weeks/months through this kind of gambling game. It is true that commonly we tend to get entertainment from the games and not earning money.

Or maybe it would be helpful if we keep track on our total number of bets, our amount of money spent in gambling, but in terms of winning/losing stats, all is useless, and I don't really think that one has already made successful aiming for long term success in dice or any type of luck based games.

Keeping the logs of all gambling activity is not suitable for everyone and if there is no meaning to know the win/ratio rate then the made points are meaningless too. Aiming to have an edge on gambling is the fool's game on the long term, IMHO. If there was an edge, Einstein shouldn't said those words about the edge in roulette. Almost 80% of the games are based on the luck factor, having a notebook or spreadsheet only will make us sad because of everyone loses in the long run except the house.

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Quote from: freedomgo on June 03, 2020, 07:00:25 PM

Or maybe it would be helpful if we keep track on our total number of bets, our amount of money spent in gambling, but in terms of winning/losing stats, all is useless, and I don't really think that one has already made successful aiming for long term success in dice or any type of luck based games.

Correct. Generally, it's really up to gamblers if they want to record or track their respective winning and losing, either gained or lost by gambling on a strategy-based or luck-based games.

But for me, if I will consider that, the total amount spend is what just I want to record then deduct the winnings.

Sounds hassle even it's simple that's why I never did this tracking my gambling stats. If I want to look at, gambling sites I have a record of my betting history. Maybe that's enough reference to me without doing it manually.

Questat

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Quote from: pakhitheboss on June 03, 2020, 07:10:29 PM

I was tracking how much I was spending and whether I am in profit or not but after some time I stopped doing it.

At least you know what's really happening with your journey in gambling, you'll not wake up one day realizing that you have already spent a lot of money and yet you are not getting anything from it. Tracking your gambling activities makes you aware of the current situation, therefore it will help you to make a timely decision as well, if you've seen you lose a lot already, then maybe that would become a factor to make you realize that you are not doing well in gambling.

pakhitheboss

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Quote from: Lucasgabd on April 04, 2020, 12:12:18 PM

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 did used to keep a track but I stopped after consecutive losses in few months. It made me more frustrated that I was before. Actually I generally keep aside a fixed amount every month, which I put it under my personal expenses. I play with that money when ever I am in a mood for some action.

I was tracking how much I was spending and whether I am in profit or not but after some time I stopped doing it.

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Quote from: DarkDays on June 03, 2020, 06:18:54 PM

Whenever I'm playing online poker on something like Pokerstars I'll use a tool known as a HUD (heads up display).

This basically allows me to keep track of opponent hands much better, identify when they bluffed (bluff rate) and other useful metrics for the game. However, it also allows me to keep track of my profit/loss account and EV—even going so far as to break down my wins and losses against particular players, so I can identify whether to play cautiously or just go hard trying to felt the table.

I'm sure similar software exists for other casino games, but if not, it's quite simple to track it in a spreadsheet.

I do not think that such software exists although it is easy to create. In poker, this is a very useful thing that gives a huge advantage to players who do not use similar software. Therefore, these programs exist and they cost normal money. What is the use (and who is willing to pay) of a program that will record statistics of your game of roulette or dice?

freedomgo

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Quote from: kawetsriyanto on June 03, 2020, 06:54:49 PM

Quote from: freedomgo on June 03, 2020, 08:32:26 AM

Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck,

I agree that we will never win constantly in dice or crash games. When we are playing luck-based games, it is purely about luck and cannot rely on our skills or specific approaches. In this matter, it doesn't make sense to expect winning regularly for weeks/months through this kind of gambling game. It is true that commonly we tend to get entertainment from the games and not earning money.

Or maybe it would be helpful if we keep track on our total number of bets, our amount of money spent in gambling, but in terms of winning/losing stats, all is useless, and I don't really think that one has already made successful aiming for long term success in dice or any type of luck based games.

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Quote from: freedomgo on June 03, 2020, 08:32:26 AM

Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck,

I agree that we will never win constantly in dice or crash games. When we are playing luck-based games, it is purely about luck and cannot rely on our skills or specific approaches. In this matter, it doesn't make sense to expect winning regularly for weeks/months through this kind of gambling game. It is true that commonly we tend to get entertainment from the games and not earning money.

DarkDays

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Whenever I'm playing online poker on something like Pokerstars I'll use a tool known as a HUD (heads up display).

This basically allows me to keep track of opponent hands much better, identify when they bluffed (bluff rate) and other useful metrics for the game. However, it also allows me to keep track of my profit/loss account and EV—even going so far as to break down my wins and losses against particular players, so I can identify whether to play cautiously or just go hard trying to felt the table.

I'm sure similar software exists for other casino games, but if not, it's quite simple to track it in a spreadsheet.

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Quote from: Chrystora123 on June 03, 2020, 09:50:07 AM

I use Google spreadsheets to track my wins or losses on soccer bets..

Quote from: iamsheikhadil on June 03, 2020, 01:09:13 AM

snip..
So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!

if you are a dice, crash or spin gambler (Pure gambling games rely on luck) it will hurt your heart if you track every losses and wins you get from gambling.. playing without weights is a wonderful feeling, people who play with weights (because the loss is greater than the win based on the monthly track) will only continue to incur losses..

This kind of games, it's not necessary to track it as you can never be consistent with it, the name it self that it's a luck based games, you'll only win when you are lucky and luck is not consistent in the first place.

Quote

but, if you are a skill-based gambler (poker & sports betting) then your losing and winning tracking are a good habit, why do you have to track every loss or win in that skill-based gamble, so you can know the flow of funds in and out of you and your able to manage your finances well..

I am only doing for sports betting, it's a long list since there are plenty of games offered in a daily basis, it just stopped when the virus hits the world.

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I use Google spreadsheets to track my wins or losses on soccer bets..

Quote from: iamsheikhadil on June 03, 2020, 01:09:13 AM

snip..
So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!

if you are a dice, crash or spin gambler (Pure gambling games rely on luck) it will hurt your heart if you track every losses and wins you get from gambling.. playing without weights is a wonderful feeling, people who play with weights (because the loss is greater than the win based on the monthly track) will only continue to incur losses..

but, if you are a skill-based gambler (poker & sports betting) then your losing and winning tracking are a good habit, why do you have to track every loss or win in that skill-based gamble, so you can know the flow of funds in and out of you and your able to manage your finances well..

peter0425

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Quote from: freedomgo on June 03, 2020, 08:32:26 AM

Quote from: Bezobraznike on June 03, 2020, 07:48:03 AM

Quote from: iamsheikhadil on June 03, 2020, 01:09:13 AM

At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!

It's a good point Iamsheikhadil, and trying to recover loses will make you risk more, when you risk more
you can lose again, more chances for that. One of the reasons I don't keep track of my wins and loses.
I try to play and have fun, if I am good it's nice, I never go all in I try to play longer and make some little
profit.
I am thinking to try to deposit $10 and to try to make half a dollar or just a dollar every few days. Without
withdrawing, without much risking. Is it possible to do that for months and to make something with dice and
crash game mostly?

Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck, and you need to be lucky everyday in order to win, and with the amount you gamble, I'm sure you will be bored of doing it over and over.

Supported mate,Luck based gambling is purely for fun and not for a winning,imagine millions of combinations you need to win over just to get whan you wanted?

spend your money in skilled base gambling than Dice and Crash games,i don't really advice this to others that has no big experiences in gambling games like this.

freedomgo

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Quote from: Bezobraznike on June 03, 2020, 07:48:03 AM

Quote from: iamsheikhadil on June 03, 2020, 01:09:13 AM

At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!

It's a good point Iamsheikhadil, and trying to recover loses will make you risk more, when you risk more
you can lose again, more chances for that. One of the reasons I don't keep track of my wins and loses.
I try to play and have fun, if I am good it's nice, I never go all in I try to play longer and make some little
profit.
I am thinking to try to deposit $10 and to try to make half a dollar or just a dollar every few days. Without
withdrawing, without much risking. Is it possible to do that for months and to make something with dice and
crash game mostly?

Don't think you can consistently win in gambling, the fact that you are talking about dice and crash games, these games are just based on pure luck, and you need to be lucky everyday in order to win, and with the amount you gamble, I'm sure you will be bored of doing it over and over.

Bezobraznike

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Quote from: iamsheikhadil on June 03, 2020, 01:09:13 AM

At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!

It's a good point Iamsheikhadil, and trying to recover loses will make you risk more, when you risk more
you can lose again, more chances for that. One of the reasons I don't keep track of my wins and loses.
I try to play and have fun, if I am good it's nice, I never go all in I try to play longer and make some little
profit.
I am thinking to try to deposit $10 and to try to make half a dollar or just a dollar every few days. Without
withdrawing, without much risking. Is it possible to do that for months and to make something with dice and
crash game mostly?

iamsheikhadil

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At first I thought it was a good idea to track it, but then I understood, the more you track, the more you will realize how much you lost and the more you wanna play to recover those losses. Because our human mind is full of unlimited greed and hence showing it anything will just fuel the desire to gamble more! So I stopped tracking and just gamble whenever I feel like. No track of wins or losses!

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: onrise on May 19, 2020, 02:20:07 AM

Gambling does not assured us of any returns and chance of losing money is very high .

It varies with the game but yes generally speaking it is loss for the player and thats why the casino is standing tall.

Quote

On other side if invested rightly in crypto or in other asset would yield you returns in coming time . Gambling is a quick way to lose money or make it and this shortcut does not work for all . On other side investment is generally for long term which will give you returns in a systematic manner .

Not all investments are good for continuous flow of money. In fact those which have a steady income are generally the low risk ones and thus a low reward one too. The fact that penny stocks can go very high is why they are day traded like anything.

Gambling is a method to entertain yourself by "paying" in with the wagered amount. It should be thought as that and not a mode of making money because then one becomes hell bent on thinking that they can win big and this leads to losses. You can keep track of losses or wins with a spreadsheet here but even then the value of losses will be bigger than wins in the long run of any EV- game.

Some players are going for the EV+ games and those who are doing sports betting or poker professionally may end up having a better outcome. Again these games are not for everyone.

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Quote from: Japinat on May 19, 2020, 05:10:49 AM

Quote from: freedomgo on May 18, 2020, 08:02:35 AM

Quote from: Japinat on May 18, 2020, 07:21:00 AM

Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.

I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose.

I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing.

I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus.

Those words that I have highlighted if gamblers will think like that then surely they will not be addicted.
What makes a gambler addicted is when they challenge themselves and they are so optimistic despite the fact that their chance of winning is very low.
When you think of entertain that you will just have to spend to enjoy, you'll not long to win big money and to win consistently, the risk is lower with this.

As long as you have that kind of mentality, you'll never lose more in gambling because when you gamble, you'll always be at your own range.
Believe me, that is effective, and it's proven by ME. Grin

Japinat

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Quote from: freedomgo on May 18, 2020, 08:02:35 AM

Quote from: Japinat on May 18, 2020, 07:21:00 AM

Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.

I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose.

I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing.

I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus.

Those words that I have highlighted if gamblers will think like that then surely they will not be addicted.
What makes a gambler addicted is when they challenge themselves and they are so optimistic despite the fact that their chance of winning is very low.
When you think of entertain that you will just have to spend to enjoy, you'll not long to win big money and to win consistently, the risk is lower with this.

Oilacris

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Quote from: freedomgo on May 18, 2020, 08:02:35 AM

Quote from: Japinat on May 18, 2020, 07:21:00 AM

Gambling has only become a non sense thing to you because you are not addicted, but try to gamble and be responsible for the 2nd time around and I am sure you will enjoy what you are doing. Just like you, I also made some mistakes in the past, I got addicted, but it doesn't make me stop, instead I learn and I can enjoy gambling now with proper control.

I think I would agree with this, everyone has different experience in gambling but if we look at in general sense, we can see that gambling is just a real form of entertainment with some risk on it, so it's up to us on how to we handle the risk that we will not be addicted or lose more than we can afford to lose.

I have been gambling and i am not winning most of the time but I can tell you that I am happy with what I am doing.

I have consider it as an entertainment, so its something I have to pay just to enjoy, winning is just a bonus.

Its not always do talk about on stopping to gamble just because you do experience problem.We are always welcome and have the rights to play anywhere anytime and no one can stop us in doing that.

What matters here is that you do know on how things work and what are the consequences lies ahead when you do let yourself break out the border.Enjoy while you do play and just spend on the amount

that you are willing to lose.Dont chase losses and move on and call it a day. Rinse and repeat but be sure that you arent risking that much.

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Quote from: limazulu on May 18, 2020, 02:10:29 AM

I stick to a monthly budget. Let's say I alot 5% of my income to gambling. I just need to make sure that it will last me for the whole month so I won't need to take more money from my income. It takes discipline. And another thing, never try to chase your losses.

I think 5% of monthly income is the upper limit for what one can afford to lose in gambling. Some people say that 5% is too much and that it's better to not gamble at all. But let's be realistic. We can't live without a passion, or a hobby, if you will. We can't be thinking about saving money all the time. Sometimes we have to relax in order to work more effectively later, and 5% is a reasonable price for that.

Topic: Do you keep track of your gambling? how? - page 3. (Read 2280 times)