Do you keep track of your gambling? how? - page 4.

onrise

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Quote from: Negotiation on May 18, 2020, 11:07:59 PM

We can look for gambling in many ways but investing is better than gambling Gambling has a high loss rate It is very difficult to recover if lost but in case of investment we can easily reduce the amount of loss. I agree with you that we can easily understand investment if we analyze it properly But no one can be successful without gambling knowledge For newcomers it's a lot of risks. That's why I think we can make more profit by investing in gambling Investments are much more reliable than gambling.

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

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Quote from: limazulu on May 18, 2020, 01:10:29 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 guess that is one way that we can use to prevent using more money in gambling. I agree that it needs the discipline to use some money to play gambling, and we need to have the power to control ourselves for staying a long time in gambling because that can make us spend more money. Maybe that will be a way to keep track of our gambling besides making a file of our gambling activity.

Negotiation

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We can look for gambling in many ways but investing is better than gambling Gambling has a high loss rate It is very difficult to recover if lost but in case of investment we can easily reduce the amount of loss. I agree with you that we can easily understand investment if we analyze it properly But no one can be successful without gambling knowledge For newcomers it's a lot of risks. That's why I think we can make more profit by investing in gambling Investments are much more reliable than gambling.

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People could see gambling as a form of investment but IMO, you just take away the essential part of gambling to make you happy by betting and without considering your business money. What I mean is that, you could gamble money you can afford to lose and if you decided to take it as an investment, I think it isn't the best idea as the risk in gambling is way to high compared to usual investment platforms such as trading.

Gambling platforms are meant to provide fun and to test the luck of the person with 50/50 chance. While investment is somehow "safer" for me because when I am trading, I consider factors such as market analysis as hints to profits.

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Quote from: Japinat on May 18, 2020, 06:21:00 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.

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Quote from: MWesterweele on May 18, 2020, 06:13:01 AM

Quote from: limazulu on May 18, 2020, 01:10:29 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.

Very well said mate. At least you're not an addict. I stopped playing gambling for a year because I'd became an addict for once and I dont want repeat that mistake in which I have to lose everything before I realize that I am just wasting my money and most of my time for a nonsense thing.

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.

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Quote from: limazulu on May 18, 2020, 01:10:29 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.

Very well said mate. At least you're not an addict. I stopped playing gambling for a year because I'd became an addict for once and I dont want repeat that mistake in which I have to lose everything before I realize that I am just wasting my money and most of my time for a nonsense thing.

limazulu

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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.

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Quote from: BITCOIN4X on May 15, 2020, 05:07:25 PM

Quote from: finaleshot2016 on May 15, 2020, 04:41:34 PM

Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.

If the goal is only to stop gambling in the end, then noting a defeat like that is also not a very needed solution. I am sure that having a losing record will only increase pressure on players.

I think that they can attract them to try to recover the losses because they always think about the amount that they already lost. Maybe some gamblers will not look that as a win or a loss record only, but they also can think about how they should use the money in gambling, and how they can limit more funds to be used for playing gambling. But as a normal person, having a losing record will make us sad, especially if we lose so much money in one day.

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Quote from: finaleshot2016 on May 15, 2020, 04:41:34 PM

Quote from: kawetsriyanto on May 15, 2020, 04:27:53 PM

Quote from: BitcoinsGreat on May 14, 2020, 07:47:02 PM

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss

Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!

I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.

In any way money tracking doesn't need special calculation here i.e. you knew you got 600$ last week and now you have 200$. You bought some cigarette and snacks during the weekend, where the money went? You know "potential destination".
Also it's a very bad advice to suggest gambler to think about ways to recover his/her loses if you don't concrete what ways you mean because there is very high chance this person will try to get back from loses by playing again, which in turn cause more loses and as a result, we get undesirable effect. But of course, suggesting to find a job (if he doesn't own) or setting the limit on the money that he has to spend on gambling would be wiser advice.

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Quote from: BITCOIN4X on May 15, 2020, 05:07:25 PM

I think there is nothing better than forgetting defeat and thinking something about how to recover losses.

Pretty true, buddy. Just forget whether the win or lose! Sometimes it only triggers us to spend more money. Don't make the same way as trading, gambling doesn't need to track win or lose. It is wasting time and bring no positive effects in my view. If we think about them, and try to look for the way of recovering the losses. Otherwise, it probably takes us into more risks and losses.

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Quote from: finaleshot2016 on May 15, 2020, 04:41:34 PM

Quote from: kawetsriyanto on May 15, 2020, 04:27:53 PM

Quote from: BitcoinsGreat on May 14, 2020, 07:47:02 PM

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss

Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!

I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.

I don't think so. A simple example: you spend $100 while chasing a high payout, say, 100x, with $0.5 bets. Then you suddenly win $50. But is it a win? It's not. In fact, you lost $50 rather than won it. Even if you are rich and you can easily afford such carelessness, I can assure you, it won't end up well. I mean, if you are rich, you can still continue playing like this, losing $50 per day, and it can be okay for you. But you should be aware of what's happening, cos things can escalate quickly, and not in your favor.

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Quote from: finaleshot2016 on May 15, 2020, 04:41:34 PM

Quote from: kawetsriyanto on May 15, 2020, 04:27:53 PM

Quote from: BitcoinsGreat on May 14, 2020, 07:47:02 PM

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss

Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!

I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.

It shouldnt really be make it as a habit on where you do keep on tallying up everything and as said this will just mold up that kind of felling or chasing your losses instead.
We do gamble for entertainment and winning is just a bonus but people aims for the same thing which is to make money most of the time.I do say its normal but we should
really have that control for us to avoid to be addicted later on or making ourselves wreck because we do keep chasing to those money that we have lost,unless if youre lucky
enough on hitting up some jackpot and able to patch up the amount that you have lost overall.

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Quote from: finaleshot2016 on May 15, 2020, 04:41:34 PM

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss.

I think there is nothing better than forgetting defeat and thinking something about how to recover losses. I agree with your opinion.

Quote from: finaleshot2016 on May 15, 2020, 04:41:34 PM

Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.

If the goal is only to stop gambling in the end, then noting a defeat like that is also not a very needed solution. I am sure that having a losing record will only increase pressure on players.

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Quote from: kawetsriyanto on May 15, 2020, 04:27:53 PM

Quote from: BitcoinsGreat on May 14, 2020, 07:47:02 PM

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss

Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!

I think it will just stress me if I saw those losses and besides some of the gamblers are playing gambling because they want to be entertained and want to feel the excitement that involves money.

So definitely, tracking your win and losses is nonsense, if you lose, forget about it and think a way to recover that loss. Maybe it's advantage is to have the discipline to yourself and you can foresee if there's no good path in the gambling so you will know when to quit.

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Quote from: Natalim on May 15, 2020, 08:12:21 AM

To be able to ensure that the stats are realistic, you need to play a lot of session in a certain game so you can analyze properly and to determine if you are consistent already to go with bigger bets, but in your case, you are playing roulette, this is a luck based type of game, you don't need statistics for this.

Statistics in any case will be realistic if you record true data. And you will do this not only when you win, but also when you lose.
The percentage of losses or winnings will be more accurate the more games you play. However, you do not need a percentage, but exact figures of how much money you lost or won.

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Quote from: BitcoinsGreat on May 14, 2020, 07:47:02 PM

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss

Is it really important to know how much the profits and losses? I doubt you can smile after knowing them since I bet most people indeed will have more losses than profits in gambling. This way only hurts us and makes you more stressful during playing gambling. Also, I am afraid that you can't enjoy playing gambling if you are too serious considering profits or loss in each game. It isn't trading, bro!

Natalim

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Quote from: FontSeli on May 15, 2020, 05:21:28 AM

Quote from: BitcoinsGreat on May 14, 2020, 07:47:02 PM

Quote from: FontSeli on May 14, 2020, 06:51:57 PM

Quote from: Questat on May 13, 2020, 05:47:25 PM

Quote from: abel1337 on May 13, 2020, 10:14:06 AM

I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

Why it isn't? If you are gambling with the purpose of improving yourself so you can be profitable in the long run, then tracking your bets is a must, that would give you a big picture and you'll be able to analyze things clearly.

Maybe he doesn't understand why it might be useful.
I believe that keeping records of your losses and winnings can be useful for rational financial accounting and proper management of your money. And it will also help to stop a person's addiction to gambling for those who lose a lot of money.

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss and play gambling with care but at the same time if takes away the fun of gambling from you. You will be more concern about your financial gain or loss and will not be able to enjoy the gambling.

So don't people gamble to try their luck and make money? I remember my first win at roulette. I was a student then and won the amount of my two monthly scholarships. I was overcome with emotion.

It doesn't take a lot of time to record your final statistics and you can do it after the end of the gambling game.

To be able to ensure that the stats are realistic, you need to play a lot of session in a certain game so you can analyze properly and to determine if you are consistent already to go with bigger bets, but in your case, you are playing roulette, this is a luck based type of game, you don't need statistics for this.

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Quote from: BitcoinsGreat on May 14, 2020, 07:47:02 PM

Quote from: FontSeli on May 14, 2020, 06:51:57 PM

Quote from: Questat on May 13, 2020, 05:47:25 PM

Quote from: abel1337 on May 13, 2020, 10:14:06 AM

I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

Why it isn't? If you are gambling with the purpose of improving yourself so you can be profitable in the long run, then tracking your bets is a must, that would give you a big picture and you'll be able to analyze things clearly.

Maybe he doesn't understand why it might be useful.
I believe that keeping records of your losses and winnings can be useful for rational financial accounting and proper management of your money. And it will also help to stop a person's addiction to gambling for those who lose a lot of money.

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss and play gambling with care but at the same time if takes away the fun of gambling from you. You will be more concern about your financial gain or loss and will not be able to enjoy the gambling.

So don't people gamble to try their luck and make money? I remember my first win at roulette. I was a student then and won the amount of my two monthly scholarships. I was overcome with emotion.

It doesn't take a lot of time to record your final statistics and you can do it after the end of the gambling game.

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Quote from: Debonaire217 on May 14, 2020, 10:11:48 PM

It is only me who thinks that if you can see your gambling records or history, it just diminishes the fun that you can experience in playing? It's more of like, limiting yourself in playing through thinking about your losses? Why not just try to set limitations? because for me, seeing your losses will just discourage you from playing further, though, it is a good precautionary measure to avoid further loss and addiction. It still depends, IMO gambling sites should also have that feature for you to view your playing history, in order to be transparent and at the same time, show concern to the players.

If you like gambling and are a regular gambler then I think you should gamble by allocating a certain amount of money. If we limit the amount of money we gamble then even if we lose, it will not have much effect on our family or personal life, so we should set a limitation. If we don't set limits or failed to control ourselves then we have to face the risk of losing money. If one loses a huge amount of money by gambling, it will have an effect on his daily life and gradually he loses interest in gambling. so, I think we should set aside a limited amount of money from our monthly budget for gambling.

Topic: Do you keep track of your gambling? how? - page 4. (Read 2283 times)