Is There A Time That You Calculated All Your loses In One Year - page 5.

goldkingcoiner

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Quote from: AmoreJaz on June 09, 2023, 05:50:31 PM

Quote from: goldkingcoiner on June 09, 2023, 05:40:21 PM

It would seem that most people do not actually calculate all their losses in the year. I guess they either have too much money or plainly could not even be bothered. Which is completely fine by me, but speaking for myself, I like to know what is going on in my finances as well as the gambling losses and wins. I find that if you have a strategic and careful mind, you tend to not lose your entire life's savings in a single unlucky day of gambling Grin

But thats just me. I also calculate how much maximum money I decide to gamble with every day. It takes discipline to follow through on your own rules, though. So its not really for everyone.

What's the point? you will only feel regret, disappointed, depressed or whatever negative feeling when you see a large chunk of your money was lost into gambling. so i don't bother counting my losses.

Well, there is a point to my method, actually there are two points.

First, if you make the event of gambling a self-disciplined and hard earned reward, you will find the act itself to be more trouble than it's worth and therefore you will want to gamble less often. Second, while house edge always has an advantage, you can still hold yourself back from going off the deep end as long as you hold yourself to your rules.

Agbe

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It is only those who are not addicted to gambling can count the number of games played a year. And can not be happened for chronic gamblers because the number of tickets played a day is enough to pay bills. So in the year, the tickets will be excess. And they can't even remember how times they have visited the casino hall. And seeing the games your loss might give high blood pressure. So instead just forget about it.

seleme

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I am happy without this info tbh, once I requested overall lifetime account statistics from the VIP host and it was depressing to see the accumulated numbers over the years. Ofc, house edge has done its work and I was in a negative during all these years. Sometimes gamblers fall into thinking that it shouldn't be as hard as it sounds to beat house edge but in reality house edge is the bias set by casinos to make us losers. Accumulating a few tickets each week and focusing on the few hours of gameplay per week is the best way to treat gambling for me.

goaldigger

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I tried this last year and its very disappointing knowing how much money I’ve spend in gambling, I actually regret doing that and will not look at all my losses this year because its not worth it. Anyway, as long as you gamble with your extra money only that is meant for some fun then its fun. Some sites have the anniversary updates where they updated your account about your winnings and your losses, so you can know it even if you don’t want to.

goinmerry

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No way. Then in the end, will have the feeling of being regret?

Loses are bound to be forgotten. Don't compute for it but rather take those losing experience as a foundation to be a better gambler while progressing. Computing all our losses within the whole year is hassle and time consuming and after we finished doing that, it won't give us any benefits or advantage.

Even maybe just for fun, I will not consider doing that as I'm playing with several gambling sites.

Johnyz

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If you want to stress yourself then count your losses but if you gamble to have fun, then better to focus on the positive side instead of worrying about your losses for the whole year.

Though its ok also to know this so you can plan ahead and decide if your gambling activities is too much already for the whole year. I’m pretty sure you also have some good profit and that adds to your total losses, better if you have monitoring from time to time if you really concern about this.

noormcs5

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Quote from: Mauser on June 10, 2023, 02:22:56 AM

Quote from: aioc on June 09, 2023, 07:45:55 AM

So I stopped counting my losses and just minimize my betting I just tried to be happy on the thought that I have good times betting and I enjoy the thrill.

I also stopped calculating my losses, because it didn't give me any real benefits and only made me fell depressed. In the past I used to have an excel spread sheet where I put down all the money that I won and lost in gambling, but over the months it got to a lot of money and when I looked at the sums I felt really bad about it. For some people it might be interesting to see how much money they spend in gambling, for me not so much anymore. One point of summarising all our gambling endeavours is that it can be misleading. There are a lot of swings when it comes to randomness based games and this will inflate our loss numbers. Let's say you first won 1,000 USD in gambling only to lose it again 2 weeks later. Then your loss will show that 1,000 USD even though you never heard it in the first place without gambling. Only in poker I still keep recording how much money I play with each week to see how my swings are and if I am still profitable.

There are better things in life to do other than calculating your losses, the money which is lost and cannot be retrieved.

I agree that if you start to calculate your losses in gambling, you can never be happy playing gambling because those losses will trigger the back of your mind, which would be a hurdle for you in gambling with motivation and fun. The best way (and the most difficult ) to get over your losses is to set aside a certain portion of your money dedicated to gambling and make up your mind that this money will be lost. In this way, if you win, that money will be a bonus for you and if you lose, of course, you know it was for gambling fun, and it's gone.

LFC_Bitcoin

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I’d rather not do it, it’s not going to serve any positive purpose if you’re down. Providing you only gamble with amounts that you can afford to lose then in reality you have a good strategy going and there’s nothing to panic about. Try to look at gambling as a hobby, something you enjoy, just have fun and never get to a stage where you are relying on potential winnings to pay bills. Once again, only gamble with amounts you can afford to lose.

maydna

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Quote from: livingfree on June 10, 2023, 04:58:59 AM

You'll just not feel right when you're counting your losses. You're not a businessman to count all of your losses but you're a gambler and all that matters are your winnings.

Kidding aside, there's half truth on that and it depends on how you look on your experience and gambling activities. If you think that it's important for you to track your losses, I guess everyone does but it will only come once or a few times that you'll think of counting all of it in a year or with your entire gambling career.

Fortunately, I never count my losses Grin

Every time I play and lose, I just let it go, never record it, and even try not to remember how many times I lost. The important thing is that I still have a balance in my gambling account so that I can play gambling again the next day or the next few days. I'm not a businessman, so I don't count the losses and profits and don't use gambling as a place to make a profit.

CarnagexD

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Quote from: aioc on June 09, 2023, 07:45:55 AM

Is There A Time That You Calculated All Your loses In One Year One Online and Offline

This is the most depressing thing to do, you'll be surprised at the amount, I did this 4 years ago on offline number betting and Lottery I kept all the tickets I sometimes win 3rd and 4th prizes but every time I won consolation I increase my tickets I consider this a sign that I will hit the jackpot soon but unfortunately it never happens.

When I count all my losses on numbers and the lottery it's enough to buy a small parcel of a lot and build a bungalow type and we're just renting a room back then.

Again I did it 3 years ago when I become active in online casinos and the amount is also depressing I could have bought a tricycle that I can use for a living.

So I stopped counting my losses and just minimize my betting I just tried to be happy on the thought that I have good times betting and I enjoy the thrill.

That is what you call self-awareness. By stopping doing it, you just simply told that you are afraid of the fact that you are wasting money. That you are doing something wrong. BUT.. the good thing is, you did something about it and put yourself in a better situation. That is minimizing your losses. Constant review for a year would be a great help just like OP did to how and where you can adjust. Don't avoid it. Conquer yourself and be a better human being. Maybe gambling gave you an opportunity to reveal your character flaws or methodologies but who cares. As long as you do something about it that would make you a better human being, that is a W.

klidex

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Quote from: decodx on June 10, 2023, 12:24:36 PM

But hey, we can't go back in time and change our decisions. What's done is done. Instead of dwelling on the what-ifs, let's focus on the lessons learned and move forward.

We always get valuable lessons when making some decisions or actions but only a few gamblers can learn these valuable lessons and most of them never consider it as experience.
For gamblers who are more responsible and able to respond to every action, maybe what you say they can do, but for gamblers who only have monotonous thoughts, it will be difficult to do it.

decodx

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Quote from: borovichok on June 10, 2023, 02:04:37 AM

This is the most depressing thing to do, <...>

Yes, calculating all your losses from online gambling can be a real downer. Especially if we take into account cryptocurrencies and their tendency to gain value over time. For example, Dogecoin. Imagine if we had just held onto those coins instead of using them for online bets. We could have been sitting on a virtual goldmine!

But hey, we can't go back in time and change our decisions. What's done is done. Instead of dwelling on the what-ifs, let's focus on the lessons learned and move forward.

livingfree

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You'll just not feel right when you're counting your losses. You're not a businessman to count all of your losses but you're a gambler and all that matters are your winnings.

Kidding aside, there's half truth on that and it depends on how you look on your experience and gambling activities. If you think that it's important for you to track your losses, I guess everyone does but it will only come once or a few times that you'll think of counting all of it in a year or with your entire gambling career.

len01

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Quote from: aioc on June 09, 2023, 07:45:55 AM

-snip

So I stopped counting my losses and just minimize my betting I just tried to be happy on the thought that I have good times betting and I enjoy the thrill.

I'm just wondering if there are gamblers who calculate the total amount of losses in gambling in a period of 1 year or 2 years or even that is just like wasting time calculating losses. on the one hand, to be honest, I myself have never counted my losses on every bet I made because I only gambled to enjoy my betting sessions faithfully without thinking about how much money I had spent having fun.
If you calculate the total loss in gambling when you want to have fun, it's the same as calculating the amount of money you spend in several places to eat.
so you have the right thinking to stop counting all your losses in gambling.

Mauser

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Quote from: aioc on June 09, 2023, 07:45:55 AM

So I stopped counting my losses and just minimize my betting I just tried to be happy on the thought that I have good times betting and I enjoy the thrill.

I also stopped calculating my losses, because it didn't give me any real benefits and only made me fell depressed. In the past I used to have an excel spread sheet where I put down all the money that I won and lost in gambling, but over the months it got to a lot of money and when I looked at the sums I felt really bad about it. For some people it might be interesting to see how much money they spend in gambling, for me not so much anymore. One point of summarising all our gambling endeavours is that it can be misleading. There are a lot of swings when it comes to randomness based games and this will inflate our loss numbers. Let's say you first won 1,000 USD in gambling only to lose it again 2 weeks later. Then your loss will show that 1,000 USD even though you never heard it in the first place without gambling. Only in poker I still keep recording how much money I play with each week to see how my swings are and if I am still profitable.

borovichok

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Quote from: aioc on June 09, 2023, 07:45:55 AM

Is There A Time That You Calculated All Your loses In One Year One Online and Offline

This is the most depressing thing to do, you'll be surprised at the amount, I did this 4 years ago on offline number betting and Lottery I kept all the tickets I sometimes win 3rd and 4th prizes but every time I won consolation I increase my tickets I consider this a sign that I will hit the jackpot soon but unfortunately it never happens.

Our aim is to ensure that our profits surpasses our losses in gambling. We implement any good strategy convenient to our space, only then one would be happy to be on the winning side. It will be depressing and regretful. Particularly when you do certain calculations weigh back, I often wonder why one chooses to sit down to carry out calculations on gambling, what are you hoping to see in the first place? Gambling can result in both profits and losses; at the end, either option will be selected. It's futile to go over how much money we lost gambling in a year. We take risks in order to maximize our revenues.

Weawant

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Quote from: aioc on June 09, 2023, 07:45:55 AM

Is There A Time That You Calculated All Your loses In One Year One Online and Offline

This is the most depressing thing to do, you'll be surprised at the amount, I did this 4 years ago on offline number betting and Lottery I kept all the tickets I sometimes win 3rd and 4th prizes but every time I won consolation I increase my tickets I consider this a sign that I will hit the jackpot soon but unfortunately it never happens.

I only use one sportsbook for my sport betting so all my records are on the system, already I always knew how much I made in every year because I keep track of that manually but for the losses I just visit the platform and look through my betting history to see how much I lost.

I try not to keep manually tracking on my losses so it doesn't discourage me from continuing gambling. But It's very necessary for me to check my losses at the end of the year because I try to see how much I made in total for the year after removing my loses and capital.

If you don't pay attention to this small details, you might be thinking you're making profits but in reality after doing those substraction, you would find out you're in loss or didn't make as much profit as you were expecting and that's how all business or betting year turnout.

danherbias07

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I don't do this, I never calculated all my losses in a year because I know it will just get me frustrated. But, whenever I take my profits I try to make the best out of it by enjoying using the money with my family. That way I will forget about all the losses that happened in my life.
It's not different from computing all the money spent on other sins. Smoking cigarettes, for example, one guy also asked me the same question if I have tried calculating all the packs of smoke that I bought over a year. It made me realize that I am really spending a lot and it could've been saving for my kid's college tuition fee. So I quit smoking.
But, gambling is different and I don't think it's easy to quit it. It's not like you are just spending it like cigarettes or alcohol which we consume and do not get back anything, in gambling there's a chance you can make money, withdraw it, and then enjoy it. That may also be the reason why I won't try to calculate how much I spend on it because I also forgot how much I took out.

Don Pedro Dinero

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You guys answer to yourselves.

Quote from: aioc on June 09, 2023, 07:45:55 AM

... I did this 4 years ago on offline number betting and Lottery I kept all the tickets I sometimes win 3rd and 4th prizes but every time I won consolation I increase my tickets I consider this a sign that I will hit the jackpot soon but unfortunately it never happens.

When I count all my losses on numbers and the lottery it's enough to buy a small parcel of a lot and build a bungalow type and we're just renting a room back then.

Again I did it 3 years ago when I become active in online casinos and the amount is also depressing I could have bought a tricycle that I can use for a living.

So I stopped counting my losses and just minimize my betting I just tried to be happy on the thought that I have good times betting and I enjoy the thrill.

I bet with money I can afford to lose, and I don't count losses because I know that casino games are EV-. I play the lottery very occasionally but even though it is EV- the attraction is the big prize.

But man, have you spent what you could afford to build a bungalow on the lottery? Well, you know what you have to do, don't play the lottery for a year and build a bungalow, you have the solution right in front of your eyes, said by yourself.

I imagine that you live in a low-income country where buying land and building a bungalow is not very expensive, but even so you'd better save and don't gamble it on the lottery.

Josefjix

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yes

Quote from: klidex on June 09, 2023, 04:24:46 PM

There is no time to count all my losses that I have risked in both online and offline gambling.
Because I gamble not to count losses or gains but rather to seek pleasure or amuse myself and if one day I get a win, regardless of the amount, I consider it a bonus when it's time to have fun.
Counting losses in gambling will only make you regret it if the goal is to have fun, leave your mind to count again.

Gambling produces two outcomes: profits and losses. We calculated the number of times we've encountered profits in a year, which would undoubtedly make my day smoother; I don't bother with anything that doesn't provide me a peace of mind; we're the source of our own happiness. Losses are inescapable in the gambling sector; sitting down and calculating the large losses incurred throughout the year will only aggravate my pain and make my mind emotionally unstable, and it is not appropriate to disrupt our attitudes. I don't spend my time figuring out what will make me unhappy; instead, I spend it having fun; life is short, and we should make the most of it.

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