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If only gamblers can do their individual win/loss tracking also, they might start to realize how much money they've already burned on the table.
Or won
. Keeping track of your profit/loss would be advisable, though if you've lost a lot it might be depressing to think about, though perhaps also a wake up call that you should change your habbits or quit. I think a good rule of thumb is just to work out how much you are ok with on spending on entertainment. A football match in the UK probably costs £30+ as does an average meal out at a restaurant. Are you ok with risking/losing £30 a week? If so, then maybe stick to that as your weekly bankroll. If you lose it's no biggie but win or lose hopefully the entertainment value is worth it.
I assume you are gambling on a single site only?
Yeah, I only use Skybet. It's easier to keep track of things that way. Some bookies do have better odds but they're pretty much one of the only sportsbooks I've found that give you a free bet every week (£5 free bet if you stake £25 in bets and £25 is usually my limit every week). Skybet also do great 3 fold accumulator price boosts on the 3'o clock Premier League kick offs which is what tend to bet on so I often put them on.
I cannot do the tracking myself because I am gambling here and there. A little online bet here, another on a lottery outlet there, another on a scratch to win stub, one NBA bet against a workmate, etc. Win/loss tracking is now impossible to do.
It's not impossible, but takes a little effort. You could just use a spreadsheet to keep track of your expenditure/earnings. I keep my balance on the site so I can always see how much I'm up or down easily. I used to put my bankroll for the entire season in my account at the start with the logic that if I lost it then I'd just cut my loses and quit. Luckily that never happened and I've just kept the money in my account and used that as my bankroll for the next season and so on. For some this might not be possible if they need the money but if you use a bookies that shows you your profit/loss then you wouldn't need to do this anyway.
If only gamblers can do their individual win/loss tracking also, they might start to realize how much money they've already burned on the table.
if only we will realized earlier?but the thing is we need to lose too much first before we finally accept the fact that gambling is not reliable if we are seeking for profit.
I cannot do the tracking myself because I am gambling here and there. A little online bet here, another on a lottery outlet there, another on a scratch to win stub, one NBA bet against a workmate, etc. Win/loss tracking is now impossible to do.
you dont need to track your win or loss,instead you have to find out how much you can afford to lose that wont affect your real life,or your future.
My point is that the accumulated amount has more impact than the smaller ones that you can easily burn at the gambling table. 100$ is an amount you can easily afford to lose. But the point is that how many 100$ have you been burning away because of your gambling losses? If you go home knowing that on that day you only lost 80$, you will not be going home in pain. But if you add everything up in the past 5 months and you will see 2,500$ in gambling losses, then perhaps that will remind you to moderate more your gambling expenses.
True, but you could also do the same with many other things in life. How much money do people waste on clothes, pizzas, coffee, subscriptions, trinkets, accessories, games and so on? I think the key is whether the behavior becomes toxic or not and whether it adds enjoyment to your life without breaking the bank.