Why should a gambler have a record of how much money they spend on gambling and how much is earned ? If we all always think about how we should control our finances, why do we have to bet ?
Do not make gambling solely as a place for you to make money, because gambling is a place where you spend time and money to get pleasure even though we have the opportunity to bring victory.
Topic: Do you keep track of your gambling? how? - page 8. (Read 2283 times)
I never thought of that I just want to be entertain and if I'm going to list my winnings and losses, it will not become entertainment anymore, it will look like an investment plan, and it's hard to invest in gambling you need a huge amount of money and take a lot of time to study the system, but in the end it will still luck that will decide the factor.
Good reasoning. This is more of a habit with your finances whether it will be for gambling, leisure, budget planning and other stuffs that you will get involved spending your money.
For people that do this kind of habit listing things that they are spending money, they're likely to list their losses and wins.
I do it by watching the statistics on the sites where I play. They are always well done and easily accessible and show me my bets, profits, the percentage of wins and all that. They even draw charts. Why would I need to run a spreadsheet or something for that? Maybe gamblers who go to casinos need to do that, but online gamblers have all the work done for them.
Definitely, that's why there is more edge from an online casinos as they can not just provide satisfaction but statistics to the games played by the gamblers. It is also a show of support and care to the gamblers whether they are getting lost too much and it signifies that they might need to somehow stop betting for a while and spend time with their losses.
Though, it will not be as much important for gamblers that have a mindset to always recover their losses when losing too much in a game.
Not really because i only bet amounts that i can afford to loss. I think those people who does that are really addicted to it or are making it as a source of income although it's really difficult and extremely risky if someone is planning to make it as a regular income.
Gambling sites should also add some gambling history so players could keep track on how much they've win.
Gambling sites should also add some gambling history so players could keep track on how much they've win.
I think that feature will not give different too much since many gamblers will not use that feature to know how much money they used to play gambling. But if we can gamble with knowing the amount of money that we should use, we don't have to afraid of the big loss because we can know when to stop gambling. Keeping track of your gambling can help you to know how much money you already use so you can introspect yourself if that amount is too big for you or not. If you think that the money is too big, you need to reduce the amount so you can prevent the big lose.
Also, for gambling i can separate not more than 1 % of my budget for month. Because mostly, i lose it, so send something bigger will be just wasting money.
That's a very safe allocation in gambling, I understand that most of us are really losing in gambling, so 1% is really something we can afford to lose. However, for me, I don't allocate 1% only as I don't earn a lot of money from any source, so let's say I only get $1,000 per month as my net income, then I would only gamble $10 per month, I think there's no fun on that.
There is no fun, but you still have your money
I do not agree with your argument that "more money = more fun". I receive the same amount of pleasure with 10 buks per month that i would get with 1000. Maybe even more, because if i lost 10 dollars i will not be frustrated for money which i could use in more useful ways (like it would be with 1000 buks) And yeah, argument about 'making money" is invalid too, because in gambling you always lost in long distance. So it's more good to lost less
You are right to say that it is impossible to win in a fair way over a long distance in a casino. That's why people place bets on large amounts of money in the hope of hitting the jackpot. That is why a bet on a large amount is very exciting and brings more emotions than a bet on a few bucks
I do it by watching the statistics on the sites where I play. They are always well done and easily accessible and show me my bets, profits, the percentage of wins and all that. They even draw charts. Why would I need to run a spreadsheet or something for that? Maybe gamblers who go to casinos need to do that, but online gamblers have all the work done for them.
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?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
I never thought of that I just want to be entertain and if I'm going to list my winnings and losses, it will not become entertainment anymore, it will look like an investment plan, and it's hard to invest in gambling you need a huge amount of money and take a lot of time to study the system, but in the end it will still luck that will decide the factor.
Not really because i only bet amounts that i can afford to loss. I think those people who does that are really addicted to it or are making it as a source of income although it's really difficult and extremely risky if someone is planning to make it as a regular income.
Gambling sites should also add some gambling history so players could keep track on how much they've win.
Gambling sites should also add some gambling history so players could keep track on how much they've win.
Also, for gambling i can separate not more than 1 % of my budget for month. Because mostly, i lose it, so send something bigger will be just wasting money.
That's a very safe allocation in gambling, I understand that most of us are really losing in gambling, so 1% is really something we can afford to lose. However, for me, I don't allocate 1% only as I don't earn a lot of money from any source, so let's say I only get $1,000 per month as my net income, then I would only gamble $10 per month, I think there's no fun on that.
There is no fun, but you still have your money
I do not agree with your argument that "more money = more fun". I receive the same amount of pleasure with 10 buks per month that i would get with 1000. Maybe even more, because if i lost 10 dollars i will not be frustrated for money which i could use in more useful ways (like it would be with 1000 buks) And yeah, argument about 'making money" is invalid too, because in gambling you always lost in long distance. So it's more good to lost less
I always support the idea to gamble with as little as possible, so I'm glad to see that someone is able to have fun with just 1% of the monthly budget. As for me, 1% is never enough. Even though making money with gambling is not my aim, I spend around 5% of my monthly budget on it, because I find it boring to win $1-$2 after 2-3 hours of playing in a poker tournament, or to earn just 10k sats after a winning roll with 0.1% win chance on dice. It's strange, but that's how it is: on the one hand, it's always fun to win, no matter the money, but, at the same time, money matters, at least to some degree. Winning less money than you can buy a bottle of a good beer with is not that entertaining.
But that's me. Currently. I think I should work on improving my imagination.
Also, for gambling i can separate not more than 1 % of my budget for month. Because mostly, i lose it, so send something bigger will be just wasting money.
That's a very safe allocation in gambling, I understand that most of us are really losing in gambling, so 1% is really something we can afford to lose. However, for me, I don't allocate 1% only as I don't earn a lot of money from any source, so let's say I only get $1,000 per month as my net income, then I would only gamble $10 per month, I think there's no fun on that.
There is no fun, but you still have your money
I do not agree with your argument that "more money = more fun". I receive the same amount of pleasure with 10 buks per month that i would get with 1000. Maybe even more, because if i lost 10 dollars i will not be frustrated for money which i could use in more useful ways (like it would be with 1000 buks) And yeah, argument about 'making money" is invalid too, because in gambling you always lost in long distance. So it's more good to lost less
Also, for gambling i can separate not more than 1 % of my budget for month. Because mostly, i lose it, so send something bigger will be just wasting money.
That's a very safe allocation in gambling, I understand that most of us are really losing in gambling, so 1% is really something we can afford to lose. However, for me, I don't allocate 1% only as I don't earn a lot of money from any source, so let's say I only get $1,000 per month as my net income, then I would only gamble $10 per month, I think there's no fun on that.
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?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
Just calculating it in my own head. I can look into history of my deposits and withdrawals to poker site and then look at my current balance. The difference will be the needed separation
Also, for gambling i can separate not more than 1 % of my budget for month. Because mostly, i lose it, so send something bigger will be just wasting money.
No, because I think it is unnecessary to record my gambling every time I play. Seeing the history or the outcome of my gambling will only give me stress and it might be the trigger for me to chase my losses and will lead to losing more money later on.
I agree with you. I think it much better not to track your gambling and I think there is no reason to do that. For me I can't maintain it. So it will be a waste of time. But of course there are some who still track their gambling. My mother did. She used it as a basis when she play his next lottery game. She analyses number to be able to figure out what number she will used. i don't track my gambling investment since im not a gambling person i only do it once or twice a month , just to relax because you need it to stress out ,
but lots of people don't track what they spend, but in my experience in my friends they always count their winnings but not their losses , i just smile and think to myself you lost a lot last time, but for them they thought they get what they lost the last time.
but lots of people don't track what they spend, but in my experience in my friends they always count their winnings but not their losses , i just smile and think to myself you lost a lot last time, but for them they thought they get what they lost the last time.
Hey, that is happening with some of my friends too. I guess perhaps, they don't like to see they're lost before, so they don't count how much money they lose. I think that is normal if they do that because if they count or write they're lost, that can make them feel sad, and that can make them chase their losses by playing more and more. That can be a good lesson for us that we don't need to count how much our winning or losing because we only want to enjoy our time in gambling, and we don't have a reason to make money from gambling.
I guess thinking of a scenario that a gambler might be addicted will make this monitoring or tracking activity useless.
For the addicted gamblers which constitute majority of the gamblers. Quote
Why we track our record is just to know the reality,
And it is the hard truth. You may deny it if you wish to keep yourself happy about th losses but it is the truth and ones needs to learn to deal with it, that is accept their losses and start to rectify their ways.Quote
we are treating gambling like business where we tally our income and expenses, and as a businessman with a sound mind, when a business is already not profitable, you will be force to stop it to prevent further damage, same thing goes with gambling, you are likely doing the bookkeeping.
Also a reason why gamblers rarely keep their records of gambling. It hurts them to see how much they lost and so they lose interest in it and dont want to dig in further. Its a type of introspection but has no good feelings involved. If you are doing it for sports betting then it is essential, but dice game players who are in it for the rush will never have the patience to sit down and record their transactions. 
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?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
When betting on sports, you can make notes in the spreadsheet on your computer... But that's if you're betting on different sites...
If you bet on one site, you can always see your statistics there!
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?
do you see it as an investment?
if yes, how do you track it?
simples spreadsheets, physical notebooks or maybe some different way?
First off, I never see it as an investment, in the material sense of the word. I'm not planning on making money with gambling. On the other hand it is an investment, investment in my good mood, and thus I allocate some money for it respectively. Doing that in my head, no spreadsheets, no physical notebooks, nothing. I rely on my memory in that regard. And all in all I spend on gambling something around worth of 2-3 movie tickets, monthly.
I do keep track of my expenditure in gambling and no I do not consider this as an investment, this is part of my therapy to cure my addiction, to look at it and regret what I spent.
If we look back on how much we lost in gambling it makes us regrets playing those money. For me I dont track my gambling journey and move on when I lose its because it will be hard to forget if I dwell in the past. Its not an investment but instead its a way to grow your money if you're lucky or an entertainment for some of us. Its fine to gamble as long as you're prepared for the consequences incase you became an addicted player.meet evena single person who's doing this.
Like your Point it is only harder to accept the truth that you have lose those
amount in gambling when the truth is
This is not an investing that needs to be monitored instead this is amount that
we are only willing to Lose each time we wanted
to Kill our time and have some happiness specially in this boring days of locking down.
I do keep track of my expenditure in gambling and no I do not consider this as an investment, this is part of my therapy to cure my addiction, to look at it and regret what I spent.
If we look back on how much we lost in gambling it makes us regrets playing those money. For me I dont track my gambling journey and move on when I lose its because it will be hard to forget if I dwell in the past. Its not an investment but instead its a way to grow your money if you're lucky or an entertainment for some of us. Its fine to gamble as long as you're prepared for the consequences incase you became an addicted player. 
I do keep track of my expenditure in gambling and no I do not consider this as an investment, this is part of my therapy to cure my addiction, to look at it and regret what I spent.
If you are not profitable in gambling then why do you continue doing it?
As it is not an investment it is not an activity that will give you money. You should better keep that money and buy small portions of bitcoin instead of giving them to casinos.
to stop even if we are mostly losing .
There are gamblers that is just enjoying the game even if they are losing most
of the time but yet people have their reason to stay.
But we have our own way of how we are in this habits,so let us respect each others.
maybe he is just having difficulties in stopping but sooner he will decide for sure.
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