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Topic: Not keeping records makes me a bad gambler? - page 2. (Read 1727 times)

sr. member
Activity: 868
Merit: 303
November 20, 2023, 12:20:16 PM
For me, It's not that important if you track all your records in gambling or not. I'm aware that it will be helpful for some gamblers because they can monitor their total spending amounts most specially if they know their limits and needs to control their money to avoid losing much  but for other gamblers who used to gamble and majority of the time they played is all about losing, It will be a bit frustrating because it reminds them of things that should be forgotten and never looked back on.
Of course, this will make them frustrated with the losses they have experienced, especially if the losses were very large. But they only feel this frustration for a short time because when they return to gambling again, they will not feel frustrated but will try to recover their losses. Having financial records about their gambling can actually help them to see how much money they are using for gambling so they can start reducing their gambling activities. But what happens is that there are still many gamblers who don't pay attention to this and instead gamble more often because they have the hope of recovering their losses. This is where they really need to realize that by recording their gambling activities and seeing how many deposits and withdrawals they make, they can conclude that gambling is not suitable for them. They don't need to gamble too often.

If they did not keep track of their records, it is possible that they would simply set aside a limited amount of money for gambling in order to keep their own losses under control. It's depressing to know how much money you've lost over the course of your gambling career, but it could be a sign that you need to stop gambling or put some restrictions on how much you gamble.
hero member
Activity: 1582
Merit: 514
November 20, 2023, 12:10:29 PM

Of course, this will make them frustrated with the losses they have experienced, especially if the losses were very large. But they only feel this frustration for a short time because when they return to gambling again, they will not feel frustrated but will try to recover their losses. Having financial records about their gambling can actually help them to see how much money they are using for gambling so they can start reducing their gambling activities. But what happens is that there are still many gamblers who don't pay attention to this and instead gamble more often because they have the hope of recovering their losses. This is where they really need to realize that by recording their gambling activities and seeing how many deposits and withdrawals they make, they can conclude that gambling is not suitable for them. They don't need to gamble too often.

Actually it's not like that,but if you keep the gambling records,it help you to understand the total loss or gain at the end of the day in the gambling sites.If you had made the continuous loss or gain in the gambling sites,So you may keep the calculation in the memory of your brain itself,the gambling will give the random loss and gain.So the gambler should keep their win and loss in the separate spreadsheet.It helps you to understand the current loss or profit y yourself in the gambling sites.Even you can target the loss of the gambling sites in the future game,but targeting loss was never recommended in gambling.If you had some good dollars for the back up,you can target the loss in the gambling sites.So the loss was recovered in the upcoming games in the gambling sites.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
November 20, 2023, 10:00:34 AM
For me, It's not that important if you track all your records in gambling or not. I'm aware that it will be helpful for some gamblers because they can monitor their total spending amounts most specially if they know their limits and needs to control their money to avoid losing much  but for other gamblers who used to gamble and majority of the time they played is all about losing, It will be a bit frustrating because it reminds them of things that should be forgotten and never looked back on.
Of course, this will make them frustrated with the losses they have experienced, especially if the losses were very large. But they only feel this frustration for a short time because when they return to gambling again, they will not feel frustrated but will try to recover their losses. Having financial records about their gambling can actually help them to see how much money they are using for gambling so they can start reducing their gambling activities. But what happens is that there are still many gamblers who don't pay attention to this and instead gamble more often because they have the hope of recovering their losses. This is where they really need to realize that by recording their gambling activities and seeing how many deposits and withdrawals they make, they can conclude that gambling is not suitable for them. They don't need to gamble too often.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
November 20, 2023, 07:56:30 AM
~snip~
Don't you think it's a benefit that whenever you are back reviewing your spreadsheet with your win or loss data, you will think not twice but more than that before you gamble? Because in my opinion, it's a kind of reminder, not like guilt-tripping or anything, but the reality check on your spending. The real benefit of keeping a record is that you can analyze not only your lose and win record but also your actual financial spending on gambling, and you can verify it with your actual financial savings. And I don't think every gambler should have to keep their record, because if you're not a gambling addict, then you will definitely think before spending.

Yeah, it's clearly a benefit.

But it will most of the time mean that the person will see that they are paying way more than what they feel comfortable, and maybe stop gambling, which is an activity they enjoy.

So, many people just don't want to see that reality because they want to gamble again.

Same with alcohol, if you enjoy drinking it, you won't bother paying high prices for it, whereas paying for other things at the same price would be a big no for the same person.

Human behavior is so interesting!
For me, It's not that important if you track all your records in gambling or not. I'm aware that it will be helpful for some gamblers because they can monitor their total spending amounts most specially if they know their limits and needs to control their money to avoid losing much  but for other gamblers who used to gamble and majority of the time they played is all about losing, It will be a bit frustrating because it reminds them of things that should be forgotten and never looked back on.

That's one of the bad side of monitoring your records, as you will keep remembering your losses and the amount that you will try to recover,
most of the time, a gambler who knew the amount that he had already lost, got that mindset to try and recover.

Factors that will possibly bring you to keep trying, though the good catch is if you know your limits and you can control your emotions, since you
can stop and you can enjoy it if ever that you win some, having those records will let you keep on track and update regarding your finances.
sr. member
Activity: 1008
Merit: 276
★Bitvest.io★ Play Plinko or Invest!
November 20, 2023, 12:55:20 AM
~snip~
Don't you think it's a benefit that whenever you are back reviewing your spreadsheet with your win or loss data, you will think not twice but more than that before you gamble? Because in my opinion, it's a kind of reminder, not like guilt-tripping or anything, but the reality check on your spending. The real benefit of keeping a record is that you can analyze not only your lose and win record but also your actual financial spending on gambling, and you can verify it with your actual financial savings. And I don't think every gambler should have to keep their record, because if you're not a gambling addict, then you will definitely think before spending.

Yeah, it's clearly a benefit.

But it will most of the time mean that the person will see that they are paying way more than what they feel comfortable, and maybe stop gambling, which is an activity they enjoy.

So, many people just don't want to see that reality because they want to gamble again.

Same with alcohol, if you enjoy drinking it, you won't bother paying high prices for it, whereas paying for other things at the same price would be a big no for the same person.

Human behavior is so interesting!
For me, It's not that important if you track all your records in gambling or not. I'm aware that it will be helpful for some gamblers because they can monitor their total spending amounts most specially if they know their limits and needs to control their money to avoid losing much  but for other gamblers who used to gamble and majority of the time they played is all about losing, It will be a bit frustrating because it reminds them of things that should be forgotten and never looked back on.
hero member
Activity: 1008
Merit: 960
November 19, 2023, 10:46:45 PM
~snip~
Don't you think it's a benefit that whenever you are back reviewing your spreadsheet with your win or loss data, you will think not twice but more than that before you gamble? Because in my opinion, it's a kind of reminder, not like guilt-tripping or anything, but the reality check on your spending. The real benefit of keeping a record is that you can analyze not only your lose and win record but also your actual financial spending on gambling, and you can verify it with your actual financial savings. And I don't think every gambler should have to keep their record, because if you're not a gambling addict, then you will definitely think before spending.

Yeah, it's clearly a benefit.

But it will most of the time mean that the person will see that they are paying way more than what they feel comfortable, and maybe stop gambling, which is an activity they enjoy.

So, many people just don't want to see that reality because they want to gamble again.

Same with alcohol, if you enjoy drinking it, you won't bother paying high prices for it, whereas paying for other things at the same price would be a big no for the same person.

Human behavior is so interesting!
legendary
Activity: 966
Merit: 1000
Next Generation Web3 Casino
November 19, 2023, 05:10:01 AM
Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

Not keeping records, does this make me a bad gambler?

I don't keep records either because if I do or anyone else that does that means only one thing,whenever you will be back reviewing your spreadsheet with your win/loss data you will think not twice but more than that before you gamble.

It is true that when you don't keep it you only tend to remember your big wins but if your lost sessions are consecutive you will remember them too so I don't see any real benefit of keeping track,in order to avoid this use a preset budget for gambling every week or every month and stick to it,you will know the data without keeping a spreadsheet.

Don't you think it's a benefit that whenever you are back reviewing your spreadsheet with your win or loss data, you will think not twice but more than that before you gamble? Because in my opinion, it's a kind of reminder, not like guilt-tripping or anything, but the reality check on your spending. The real benefit of keeping a record is that you can analyze not only your lose and win record but also your actual financial spending on gambling, and you can verify it with your actual financial savings. And I don't think every gambler should have to keep their record, because if you're not a gambling addict, then you will definitely think before spending.
hero member
Activity: 1008
Merit: 960
November 18, 2023, 08:44:17 PM
~snip~

Overthinking it could sometimes take away all the fun out of it and anxiety slowly replaces the feeling of excitement that was initially there. And that’s why I think people dream up notions about the possibility of earning an income from gambling.

Casinos, being in business to make profit, is not really different from any business that has profit oriented goals. would create a suitable environment for anyone willing to gamble. After all, it’s only natural for businesses to be innovative and want to provide the best environment for customers.
I must admit. Not having clocks or windows so people wouldn’t be time conscious would go a long way in making people stay much longer and spend more money.

Yeah, it's a form of entertainment in a way.

Casinos provide the space for people to enjoy some chances to become millionaire. That's also why many casinos are built as "fancy" places, so that people would feel a bit of that lifestyle.

As with everything in life, if you do it in a balanced way, there's no issues. The problem starts when people lose control and gamble all their money away.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
November 17, 2023, 04:26:50 PM
Honestly, most casinos have the stat tracking for you anyway, so I do not think that this really deserves an attention. Only thing you need to keep checking out is how much money you spent, and you should put a limit to how much you are willing to spend per month, and if you reach that amount then get out, I do not think that you should keep going.

I keep gambling with very low amounts, and usually that doesn't make me too much money and quickly ends, so I gamble like first week of every month and then stop, if I had a lucky week then maybe two weeks of a month, but I rarely get to see a whole month of gambling, I must be very very lucky for that to happen. All this thanks to following how much I gambled for that month, that's it.
sr. member
Activity: 658
Merit: 275
November 16, 2023, 01:21:02 PM
~snip~
Stats are for people who want to present or have a detailed report on something and while I’m yet to meet someone who would want to be continuously updated on the sizable chunk of money he has lost overtime compared to peanuts he most likely felt really happy to have won, there may actually be some people who have and keep such detailed report of their gambling history for whatever reasons.
I think the average gambler which includes the group of gamblers who play for recreational purposes as well as those who aren’t frequent and play at random could care less for records of their gambling which would probably show more loses than wins.

Yes, spot on.

The whole gambling thing is about not thinking about it too much. That's also why in casinos they don't have windows or clocks anywhere, they don't want you to realize how much time you have been in there.

It's a bit like being in a different reality, controlled by the casino. And when the gambler wakes up, sometimes they find themselves in a very different reality.

Overthinking it could sometimes take away all the fun out of it and anxiety slowly replaces the feeling of excitement that was initially there. And that’s why I think people dream up notions about the possibility of earning an income from gambling.

Casinos, being in business to make profit, is not really different from any business that has profit oriented goals. would create a suitable environment for anyone willing to gamble. After all, it’s only natural for businesses to be innovative and want to provide the best environment for customers.
I must admit. Not having clocks or windows so people wouldn’t be time conscious would go a long way in making people stay much longer and spend more money.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
November 16, 2023, 06:12:44 AM
~snip~
Stats are for people who want to present or have a detailed report on something and while I’m yet to meet someone who would want to be continuously updated on the sizable chunk of money he has lost overtime compared to peanuts he most likely felt really happy to have won, there may actually be some people who have and keep such detailed report of their gambling history for whatever reasons.
I think the average gambler which includes the group of gamblers who play for recreational purposes as well as those who aren’t frequent and play at random could care less for records of their gambling which would probably show more loses than wins.

Yes, spot on.

The whole gambling thing is about not thinking about it too much. That's also why in casinos they don't have windows or clocks anywhere, they don't want you to realize how much time you have been in there.

It's a bit like being in a different reality, controlled by the casino. And when the gambler wakes up, sometimes they find themselves in a very different reality.

Yeah, that's the point casino owners would love to see you continually using their platforms they will do anything to keep stay and enjoy
and for those gamblers who are being allure by that strategy, most of them lose after.

If you are not keeping your records and you are just playing all in, eventually you will lose your money and you will end up losing more compared
to what you intended to use.

Though some may have that capability, but most don't and that's where the gambling owners are getting their huge chunks of profits.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 16, 2023, 04:53:28 AM
That's how I see it too. People who lose more than they win will not want to see these statistics anyway. What about people who gamble very little for fun. Is holding such stats where it says that you gambled away $50 last month change anything, when your monthly income is $3k?
IMO stats are for people who really want to make money and their gambling journey is focused on that. I doubt that your average slots player who does a few rolls on his way from work home cares if they won %10 today or lost $5.
Stats are for people who want to present or have a detailed report on something and while I’m yet to meet someone who would want to be continuously updated on the sizable chunk of money he has lost overtime compared to peanuts he most likely felt really happy to have won, there may actually be some people who have and keep such detailed report of their gambling history for whatever reasons.
I think the average gambler which includes the group of gamblers who play for recreational purposes as well as those who aren’t frequent and play at random could care less for records of their gambling which would probably show more loses than wins.
If they have a specific reason for making a detailed report on their gambling history, they will definitely use it to achieve their goals. Maybe they want to compare how much they win and lose from gambling and will apply something that might be useful for them in anticipating more losses or to find out how much money they have used for gambling in a month. But indeed, people who don't use gambling for anything other than just having fun won't bother to make a gambling report because they have to write a report every time they finish gambling. That would be a waste of time because they would have to do other activities immediately. Apart from that, seeing his gambling report, which may result in more losses, can make him want to recover his losses.
hero member
Activity: 1008
Merit: 960
November 15, 2023, 08:19:50 PM
~snip~
Stats are for people who want to present or have a detailed report on something and while I’m yet to meet someone who would want to be continuously updated on the sizable chunk of money he has lost overtime compared to peanuts he most likely felt really happy to have won, there may actually be some people who have and keep such detailed report of their gambling history for whatever reasons.
I think the average gambler which includes the group of gamblers who play for recreational purposes as well as those who aren’t frequent and play at random could care less for records of their gambling which would probably show more loses than wins.

Yes, spot on.

The whole gambling thing is about not thinking about it too much. That's also why in casinos they don't have windows or clocks anywhere, they don't want you to realize how much time you have been in there.

It's a bit like being in a different reality, controlled by the casino. And when the gambler wakes up, sometimes they find themselves in a very different reality.
hero member
Activity: 2996
Merit: 609
November 15, 2023, 06:56:11 PM
That's how I see it too. People who lose more than they win will not want to see these statistics anyway. What about people who gamble very little for fun. Is holding such stats where it says that you gambled away $50 last month change anything, when your monthly income is $3k?
IMO stats are for people who really want to make money and their gambling journey is focused on that. I doubt that your average slots player who does a few rolls on his way from work home cares if they won %10 today or lost $5.

Stats are for people who want to present or have a detailed report on something and while I’m yet to meet someone who would want to be continuously updated on the sizable chunk of money he has lost overtime compared to peanuts he most likely felt really happy to have won, there may actually be some people who have and keep such detailed report of their gambling history for whatever reasons.
I think the average gambler which includes the group of gamblers who play for recreational purposes as well as those who aren’t frequent and play at random could care less for records of their gambling which would probably show more loses than wins.
You would really be finding yourself that a detailed gambler if you are really that making those tallies on which simply means that you are really that serious on your gambling session.
Well, its always been recommended that you should be watchful in regarding your spending because it would really be that making you avoid into something like getting wrecked or
spending up that much. Dont make yourself get that addicted because once you do fall yourself into such condition then getting out would really be that hard.

Keeping records? Doesnt really make you a bad gambler on not keeping it, there are really just those people who dont really care
about their gambling activity and this is why they dont really make those tallies or record.
sr. member
Activity: 658
Merit: 275
November 15, 2023, 06:39:47 PM
That's how I see it too. People who lose more than they win will not want to see these statistics anyway. What about people who gamble very little for fun. Is holding such stats where it says that you gambled away $50 last month change anything, when your monthly income is $3k?
IMO stats are for people who really want to make money and their gambling journey is focused on that. I doubt that your average slots player who does a few rolls on his way from work home cares if they won %10 today or lost $5.

Stats are for people who want to present or have a detailed report on something and while I’m yet to meet someone who would want to be continuously updated on the sizable chunk of money he has lost overtime compared to peanuts he most likely felt really happy to have won, there may actually be some people who have and keep such detailed report of their gambling history for whatever reasons.
I think the average gambler which includes the group of gamblers who play for recreational purposes as well as those who aren’t frequent and play at random could care less for records of their gambling which would probably show more loses than wins.
hero member
Activity: 1652
Merit: 690
Leading Crypto Sports Betting & Casino Platform
November 15, 2023, 06:23:15 PM
In order to control something, you need to measure it.

If you want to realize how much you are gambling, you need to somehow keep track of the money coming in and out from that activity.

Whatever gets measured, can be controlled. If you don't measure it, chances are you are spending more than what you think.
Yes, if you want to control it, you need to organize it because otherwise it will be irregular and you won't even realize it.
I think with that record we already know about the money in and out of activities in gambling, we can calculate how much money comes in and how much money goes out, obviously it will be more money in than out. Grin

I always measure what has been put into gambling, if it is over the limit then it will not spend anymore, actually the limit is necessary so that it does not become excessive.

That should be realized by gamblers.

The reality is it is quite hard to maintain on having a record of your gambling expenses.
So for me, the more sustainable approach if you are into gambling is just deposit what you feel you can afford to lose without heartache.
Because you will be peace at yourself if you know your money that you are spending in gambling is not the money for your basic expenses.
I don't think a lot of gamblers can diligently keep their records of their gambling expenses. That will consume a lot of time as well as stress.

Actually, when it comes to "keeping records", it is either important or not important. However, if you consider that your gambling activities are still relatively safe and feel that you are still able to control your gambling activities and feel that your expenses are still well organized, so that they do not cause significant losses, then not keeping records is not a problem.

Keeping records is just a form of our caution towards the gambling activities that we do, because it is feared that this gambling activity will only cause considerable losses. And it is feared that the money we spend when gambling is not well organized.
And this record is good or not for us to do, back again to each person in reacting to it.
hero member
Activity: 2730
Merit: 588
November 15, 2023, 05:51:39 PM
In order to control something, you need to measure it.

If you want to realize how much you are gambling, you need to somehow keep track of the money coming in and out from that activity.

Whatever gets measured, can be controlled. If you don't measure it, chances are you are spending more than what you think.
Yes, if you want to control it, you need to organize it because otherwise it will be irregular and you won't even realize it.
I think with that record we already know about the money in and out of activities in gambling, we can calculate how much money comes in and how much money goes out, obviously it will be more money in than out. Grin

I always measure what has been put into gambling, if it is over the limit then it will not spend anymore, actually the limit is necessary so that it does not become excessive.

That should be realized by gamblers.

The reality is it is quite hard to maintain on having a record of your gambling expenses.
So for me, the more sustainable approach if you are into gambling is just deposit what you feel you can afford to lose without heartache.
Because you will be peace at yourself if you know your money that you are spending in gambling is not the money for your basic expenses.
I don't think a lot of gamblers can diligently keep their records of their gambling expenses. That will consume a lot of time as well as stress.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
November 15, 2023, 05:41:54 PM
~snip~
Even though you are right that one needs to measure something in order to control it, but that applies to things like mathematical calculations, or fixed budgets, etc. But I disagree it should be applied to gambling, because in the end we cannot fully control all the factors when comes to the money inflow and outflow of money. Yes, you will be aware how much money you have lost to the casinos you like, but keeping in record of your losses will only lean you onto trying to get in green numbers again, would not you think that will push you to gamble more?
That is a bad or losing scenario, because we know that the house will always win in the long term.
If anything, I would believe it would be better only to keep a record on gambling if we intent to recover the money to other means which does not involve more gambling.

It is better just to gamble with a fixed budget and forget about those losses.

It depends on how you want to tackle that issue.

For some people, sure, they might want to have a fixed amount of money they will use.

For others, they want to understand how much money they are using for gambling, and see if it makes sense for them.

Most people don't really stop and think about how much money certain behavior is costing them

To me it is not healthy in any way, shape or form to step into a casino or logging onto one and not having a clear idea on how much one intends to put at risk during that session alone. What is the point of keeping a record of how much one is losing if one does not set a budget before starting gambling anyways? It is just easier and more responsible to take gambling money to the casino and write down the final net win or loses when one decides to stop and go back home, on the other hand, not having a limit and yet trying to keep track of one's money would imply to take notes and pay attention during the whole session, so one won't lose track of the amount of money one is wagering.
I am not sure whether I am explaining myself properly or not, though.
hero member
Activity: 1008
Merit: 960
November 14, 2023, 10:03:52 PM
~snip~
Even though you are right that one needs to measure something in order to control it, but that applies to things like mathematical calculations, or fixed budgets, etc. But I disagree it should be applied to gambling, because in the end we cannot fully control all the factors when comes to the money inflow and outflow of money. Yes, you will be aware how much money you have lost to the casinos you like, but keeping in record of your losses will only lean you onto trying to get in green numbers again, would not you think that will push you to gamble more?
That is a bad or losing scenario, because we know that the house will always win in the long term.
If anything, I would believe it would be better only to keep a record on gambling if we intent to recover the money to other means which does not involve more gambling.

It is better just to gamble with a fixed budget and forget about those losses.

It depends on how you want to tackle that issue.

For some people, sure, they might want to have a fixed amount of money they will use.

For others, they want to understand how much money they are using for gambling, and see if it makes sense for them.

Most people don't really stop and think about how much money certain behavior is costing them
hero member
Activity: 1414
Merit: 504
Leading Crypto Sports Betting & Casino Platform
November 14, 2023, 09:20:52 PM
In order to control something, you need to measure it.

If you want to realize how much you are gambling, you need to somehow keep track of the money coming in and out from that activity.

Whatever gets measured, can be controlled. If you don't measure it, chances are you are spending more than what you think.
Yes, if you want to control it, you need to organize it because otherwise it will be irregular and you won't even realize it.
I think with that record we already know about the money in and out of activities in gambling, we can calculate how much money comes in and how much money goes out, obviously it will be more money in than out. Grin

I always measure what has been put into gambling, if it is over the limit then it will not spend anymore, actually the limit is necessary so that it does not become excessive.

That should be realized by gamblers.
It is very important for gamblers to realize this to record their expenses and income so that the money they spend does not exceed their income, because it is impossible for us to use all our finances for gambling and we must use as little expenditure as possible to carry out these gambling activities.
Responsible gamblers definitely apply spending limits when gambling and they definitely control their finances either by looking at their gambling history or recording their expenses. What is clear is that if we want to gamble safely, that is by recording expenses by looking at these records we can find out our gambling activities and control them so that we can be organized and can make us disciplined gamblers.
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