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Topic: Keeping A Record Of Your Losses Will Make You Realize To Stop Gambling - page 5. (Read 1300 times)

member
Activity: 1358
Merit: 81
I also think like some who have commented that the addict stops playing for a moment but returns to his old routine. Gambling addiction is a mental disorder but to my surprise, I can see that there are controlled addicts who continue to play but not to the limit of losing everything.
hero member
Activity: 1190
Merit: 568
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For me keeping a record of losses will only result on you getting frustrated and regretting which causes you to toxically take your chances again even though the chances of winning is tough.
Agree with this, we can say that you have your record, it can only serve as your list of losses, so that by next time you will be determined to win, and too much determination for me, can lead to frustrations, we should record what strategy we used for it to become our guide that we dont need to use that again, but the odds are really difficult for me to learn since it is so much tricky and cant understand very well.
hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
What do you think, will Keeping A Record Of Your Losses Will Make You Realize To Stop Gambling?
After seeing that you could have bought a new motorbike or buy an expensive watch on all your losses that you have computed.
Definitely not. It could just trigger greediness as it can cause you be more determined to recover what losses you've got thinking that once you've already make it you'll stop. In most scenario, if a gambler wasn't able to recover it making them more miserable. On the other hand I think it's better not be ignorant about your losses. If you've accepted it then your decision making will be pure wherein it can definitely accept losses and wins without getting much dissapointment.
sr. member
Activity: 854
Merit: 267
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For me keeping a record of losses will only result on you getting frustrated and regretting which causes you to toxically take your chances again even though the chances of winning is tough.
sr. member
Activity: 1372
Merit: 261
My total deposit in my Bustabit account is almost 2 bitcoins, and considering it would be a great value and would have helped me a lot with my problems especially with food since I don't have a job today because of the Covid 19 virus.
So I regret it but I can't take it anymore and I think it is a  lesson for me to never be an addicted in gambling again and control myself for it.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.

trading and gambling are verry simillar activities so yes both recording stuffs can be done  . if pro people do this idea then why not us that are not really that pro ? this should be beneficial so that you are aware if how much you already loose when the time you started gambling but also lets keep in mind that prices of coins fluctuate or dont have the same value everytime you depo and loose   .  better if you can also track your deposits if what time you made it and the time you play that fund for more accurate calculations  .

Maybe if someone trade without knowing how to trade, that can be called gambling, and that makes us say that trading will be similar to gambling. But if you have skills and knowledge in trading, I think that is not gambling because we can analyze the coin before we enter the market. That will make trading and gambling are different.

When it comes to trading, I can track down my trading history from the exchange, and I only need to download the data seed to my computer so I can see how much the profit and the loss, I can check if I am making a mistake or not.

But if that comes to gambling, I don't need to track down the history because I don't use gambling for making money. I use gambling to have fun and I playing gambling in my free time.
legendary
Activity: 2968
Merit: 3684
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Honestly wish I'd done this, but the closest I've come to now is my own personal daily (until lockdown, that is) units tracking thread to keep track of my bets.

I have a different concept though, and that's probably because I consider gambling as entertainment and any deposits I make aren't losses, but payments, much as I would enter an entertainment expense in my own personal financial estimates monthly and annually.

So for me, I know I'm spending a fixed amount per season of football, knowing that the entire deposit's my entertainment budget. If I actually win something out of it, I tend to spend it for even more entertainment. In my case since 2016, it's basically paying forward for the next season, so I actually haven't put in new money for gambling my regular seasons (I still do for additional contests!).
full member
Activity: 1638
Merit: 122
Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

That will give another stress for us if we look at the money that we lost in gambling. Besides that, it can make us cannot sleep well because our mind will think about how we are going to get that money. But having that record can give information about the average of the funds that we use every week or month so we can try to reduce or we can do something to avoid a big loss.
Recording the losses and the wins are part of journalizing,  professional traders are using it in order to find their strengths and their weakness. It is really depends on the person on what he/she will do to their records. Yes it can stop you to gamble anymore but the goal why he/she records will understand more the reasons behind it. I record my losses in order for me to know what is wrong and how I will avoid in order for me to have high chances to win in any gambling games and features.

I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.

trading and gambling are verry simillar activities so yes both recording stuffs can be done  . if pro people do this idea then why not us that are not really that pro ? this should be beneficial so that you are aware if how much you already loose when the time you started gambling but also lets keep in mind that prices of coins fluctuate or dont have the same value everytime you depo and loose   .  better if you can also track your deposits if what time you made it and the time you play that fund for more accurate calculations  .
hero member
Activity: 1834
Merit: 523
I hope many players that is their perspective that they computed all their losses since the beginning they play until now and maybe they realize on how big they lose. I computed my money too that I losses before but it's not help to me because it's trigger me to play more and use my money.

I think the gambling players some of them are making record in the spreadsheet and compute all their winnings and losses and they mkae sad when they see they lose and once the losses decrease they become happy but recording losses is not mandatory becausw if you want tl stop even you lose a little money you can do that.
sr. member
Activity: 1274
Merit: 263
For other players maybe that is effective when they are going to compute all their losses and once they turn into big maybe they stop playing. But actually once a player see that they have big losses they are still playing because they have mindset that they need to win so they money will turn back again . Stopping gambling is a player choice even they did not make list or not.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

That will give another stress for us if we look at the money that we lost in gambling. Besides that, it can make us cannot sleep well because our mind will think about how we are going to get that money. But having that record can give information about the average of the funds that we use every week or month so we can try to reduce or we can do something to avoid a big loss.
Recording the losses and the wins are part of journalizing,  professional traders are using it in order to find their strengths and their weakness. It is really depends on the person on what he/she will do to their records. Yes it can stop you to gamble anymore but the goal why he/she records will understand more the reasons behind it. I record my losses in order for me to know what is wrong and how I will avoid in order for me to have high chances to win in any gambling games and features.

I think some traders are doing that by making a file that recorded their history in trading, so they know how much their profit and loss. And if they lose, they will try to get back the money in the future. But if in gambling, I don't know about that because maybe some gamblers have that journal for themselves. But for other people, that will make them sad to see how much their loss compare to their win. Yes, that will depend on the person, and every gambler is free to create a journal or not. I hope you can know that in gambling, the chances will be there, but the problem is we don't know when the luck will help us to recover the loss.
sr. member
Activity: 952
Merit: 274
Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

That will give another stress for us if we look at the money that we lost in gambling. Besides that, it can make us cannot sleep well because our mind will think about how we are going to get that money. But having that record can give information about the average of the funds that we use every week or month so we can try to reduce or we can do something to avoid a big loss.
Recording the losses and the wins are part of journalizing,  professional traders are using it in order to find their strengths and their weakness. It is really depends on the person on what he/she will do to their records. Yes it can stop you to gamble anymore but the goal why he/she records will understand more the reasons behind it. I record my losses in order for me to know what is wrong and how I will avoid in order for me to have high chances to win in any gambling games and features.
hero member
Activity: 2660
Merit: 551
Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

I think you don't understand the OP's intention, others might see that writing or keeping a record might sway them to stop gambling because of the money they have spend and the loss that they have incurred throughout their gambling activity. So I wouldn't call this stupidity as there are psychology behind this. Yes, you don't need to practice it if you don't want, but this might bring some good to others you may think of quoting the game
member
Activity: 980
Merit: 62
Gambling sites (as far as I know bet365) gives you a history of your bets and a summary of your profits-losses.
I tried to monitor this balance for sometime and I realized that I was spending too much money. Those money might be used for making a small investment somewhere else. This was the time that i limited the amounts of money I was betting.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.

That will give another stress for us if we look at the money that we lost in gambling. Besides that, it can make us cannot sleep well because our mind will think about how we are going to get that money. But having that record can give information about the average of the funds that we use every week or month so we can try to reduce or we can do something to avoid a big loss.
hero member
Activity: 2856
Merit: 667
This is not the purpose why we are keeping a record, this is to ensure that we can monitor our performance in gambling and if we have reach the limit then we can stop but it's good that we are aware of what is happening so we can make an appropriate action.

For gamblers who are really serious, they should have a monitoring on their performance so they can decide either they will stop or they will continue.
full member
Activity: 2520
Merit: 204
Nope i will never do this for my Own peace of mind,how can you afford looking all the time that the amount is too big compared to how much you win.
better forget this stupidity and Just gamble when you have money and make a rigth decision everytime you gamble.there are so many gamblers that fail because of no discipline and becoming greed as the gambling goes on.
hero member
Activity: 3010
Merit: 629
The outcome would always be different from people, mainly base from their economic status, a wealthy one or poor. If a wealthy man would do this, I don't think it won't work because, usually they already have the things they wanted and gambles for fun on the other hand, if it where to be done by a poor or mid range, I think the strategy would be effective because, mostly they don't gamble only for fun but, also to increase their money.
Well yes sometimes it depends on our status in life. Fortunate people are mostly gamble because they want to have fun while the poor are trying their luck to become rich in snap. But is it necessary or an effective way to stop being a gambler? I think If you're determine to stop even you dont record your losses you can do it. And its easy to move on from losses if you dont have any trace that you lose such amount.
full member
Activity: 1904
Merit: 138
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The outcome would always be different from people, mainly base from their economic status, a wealthy one or poor. If a wealthy man would do this, I don't think it won't work because, usually they already have the things they wanted and gambles for fun on the other hand, if it where to be done by a poor or mid range, I think the strategy would be effective because, mostly they don't gamble only for fun but, also to increase their money.

You have a point on that. If you are rich and money doesn't matter, you don't wanna bother to record of what you're gambling on as long as you have fun. But if money matters to you, this technique might help you on your decision. You would want to see the actual figures so you know that you have valid basis of your decision.
hero member
Activity: 2702
Merit: 672
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No? I mean, people wouldn't be in debt if they actually got sad about how much money they lost. It really isn't an issue of how much you lose, but how much you can win. That is, in the mindset of those that are addicted to gambling so much that they go under debt. You know how people in adrenaline would forget the pain in their bodies and just continue pushing forward? Might kind of be a similar experience in terms of those that are desperate in gambling. You may say that that wouldn't happen to you, but giving you time not to think at all is a lot easier, hence putting you in much pressure that the adrenaline in your body is the only capable thing that works properly.
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