Topic: how much do you think keeping logs is effective in gambling? (Read 724 times)
Odds are odds no matter what has happened in the passed. Assuming you're always on a probably fair gambling site you'll always have the same odds whether you're on a hot streak, which btw there is no such thing, or not. Keeping a log of past bets is fine if you want to make a chart or something but if you're playing 50/50 odds you'll always see that the house edge is just a little bit better odds.
keeping logs is a great way to start counting how much do you spend for gambling, it can be a tool to control your budget in gambling also it can show do you really earned any profit from gambling, also you can set a better bankroll management, so it is a good way to control your gambling
I have never thought keeping logs like this but i also think this is good idea and may help you manage your bankroll as well as you can also limit your losses. I think I will find it hard to keep all of my gambling logs because whenever i loss, i used to get frustrated and don't want to spend anymore time in that site and when i win big i try to left site so that i will not loss what i have won.
Yeaaa that's what we call bankroll management, it is important to have it and i have one too.If you do it you will see how gambling winning/losing come and go.
And it is feel like debt , today you won good amount but then few days later you lost more than that and repeat.
I have never thought keeping logs like this but i also think this is good idea and may help you manage your bankroll as well as you can also limit your losses. I think I will find it hard to keep all of my gambling logs because whenever i loss, i used to get frustrated and don't want to spend anymore time in that site and when i win big i try to left site so that i will not loss what i have won.
Yeaaa that's what we call bankroll management, it is important to have it and i have one too.If you do it you will see how gambling winning/losing come and go.
And it is feel like debt , today you won good amount but then few days later you lost more than that and repeat.
For me I just take a mental note of how much I am gambling. I just, for example, a lot around 0.01 for the month as my gambling fund. When that bank roll is gone, I just quit for the month and wait for next month. But if that amount still remains after that month then I withdraw it and place another 0.01 as my new bankroll.
recently i have started keeping logs of all my bets in an excel spread sheet so that i can see how much i am gambling each month in total and at the end of the month i can tell if i was successful or not.
how many of you are doing the same as i am?
Is this part of your new years resolution? Its a nice way of keeping track of your spending's and if you are well disciplined enough you will be able to stop when you hit your limit if you have daily, weekly or monthly limit. Its the same as real life tracking of your expenses and monitoring which expenses you still get rid off. how many of you are doing the same as i am?
i am not make any logs when i am playing gambling because i don't know how to make it in excel, i guess maybe i will make one later so i have the info about how much i have loss and how much i have win. thank you for this idea.
It's not necessary you have to do it in excel, you can write it in a plain paper and there you go. Please put in mind that monitoring our performance in gambling is very important, especially when we are planning to stay long, it will tell you on how are you doing and will certainly help you to make the right decision whether to quit or continue.
i am not make any logs when i am playing gambling because i don't know how to make it in excel, i guess maybe i will make one later so i have the info about how much i have loss and how much i have win. thank you for this idea.
Well done, you like a good gambler, because i also do it, but not in an excel sheet, i do it only in paper, because i am not play gambling in everyday. But it is really a good idea, for professional gamblers, also it help us to recover our lose and in this way we control us not to be addicted. I mean we can manage our money in gambling, and not play only for winning.
It is very important if you are aiming for profit, with logs you are starting to treat what you are doing like you are having a business or you are into investment. That logs will tell you on how you perform in gambling and with that you can analyze what happened so you can improve your strategy to help you reach your goal to be profitable.
I think you're making a sensible move, but you do not need to do that to me. I'm doing some leagues and matches in excel file and I analyze them by looking at them.
But of course, there are only leagues that I trust when I do this. I am comparing them on a few sites I am used to and I am betting on the match.
But of course, there are only leagues that I trust when I do this. I am comparing them on a few sites I am used to and I am betting on the match.
recently i have started keeping logs of all my bets in an excel spread sheet so that i can see how much i am gambling each month in total and at the end of the month i can tell if i was successful or not.
how many of you are doing the same as i am?
Well i am not doing and save any record or logs in my own spreadsheet if am actually making profit or not because i am not targeting large profit or targeting to reduce my gambling activity i just gamble with enjoyment and gamble just to try my luck.. how many of you are doing the same as i am?
Keeping logs to your bets can gives you idea to know how much you are spending how much you are making profit or how much you are lose in total..
So if you keep losing and lose a large amount of money in gambling better to reduce you gambling activity or reduce your bet amount..or if you are making good profit just stay what you are doing..
I always keep logs to track my win loss and also profit or loss for the year. By doing this I can see if I had a good year or bad year and I normally keep different logs for different sports to see which sport I need to improve on in the next year or in the next few months. So I think by keeping logs of your bets is vital, well for me they are as everyone is different when it comes to betting.
Logs is helpful for sometimes because with this you could able to manage your bank roll and you already know your limits on a certain day but well it depends on a certain individual if he likes to log or not because some are lazy enough not to do this thing.In my case im not logging too since i do play gambling occasionaly.
I have never thought keeping logs like this but i also think this is good idea and may help you manage your bankroll as well as you can also limit your losses. I think I will find it hard to keep all of my gambling logs because whenever i loss, i used to get frustrated and don't want to spend anymore time in that site and when i win big i try to left site so that i will not loss what i have won.
recently i have started keeping logs of all my bets in an excel spread sheet so that i can see how much i am gambling each month in total and at the end of the month i can tell if i was successful or not.
how many of you are doing the same as i am?
It's really a good idea to keep track of profit/loss, i'm not keeping any log yet. reading your post made me think that i should also start doing it lol. how many of you are doing the same as i am?
It definately helps you stay sane and objectively shows you how much you won or lost.
Losing players often downtalk the amount they lost. This way, there is no way around it. The numbers are right there in your face and you will come to grips with reality much faster.
Losing players often downtalk the amount they lost. This way, there is no way around it. The numbers are right there in your face and you will come to grips with reality much faster.
you got it correct man. and i mostly meant this topic to be like a suggestion to all the gamblers on this board to maybe they start keeping logs too.
i used to think i am losing lots of money on gambling, and you know after a while the losses become so much harder so you mentally think you are losing a lot more. but even since i started keeping tabs on my amounts i realized that things aren't that grim, and i actually make profit sometimes too.
recently i have started keeping logs of all my bets in an excel spread sheet so that i can see how much i am gambling each month in total and at the end of the month i can tell if i was successful or not.
how many of you are doing the same as i am?
how many of you are doing the same as i am?
I think that you play dice and casino games aren't you? I usually gamble in sport games and I keep logs not only to see btcs win or lose but which teams, I prefer soccer, are profitable. So I adjust my bets dividing teams as low, mid and high risk and according my predictions I change my bet.
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recently i have started keeping logs of all my bets in an excel spread sheet so that i can see how much i am gambling each month in total and at the end of the month i can tell if i was successful or not.
how many of you are doing the same as i am?
how many of you are doing the same as i am?
i don't save my logs in gambling because i know that my loss is still big than my winning so i think i am not expecting too much for the logs. beside that, i am not good to make a file of excel and i don't have time to make a file for my logs in gambling. but for you, i think you can learn many thing from your logs and you can make success in the gambling industry.
It definately helps you stay sane and objectively shows you how much you won or lost.
Losing players often downtalk the amount they lost. This way, there is no way around it. The numbers are right there in your face and you will come to grips with reality much faster.
Losing players often downtalk the amount they lost. This way, there is no way around it. The numbers are right there in your face and you will come to grips with reality much faster.
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