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Topic: Recording gambling activities - page 4. (Read 1387 times)

sr. member
Activity: 658
Merit: 387
June 24, 2024, 07:56:31 AM
In terms of business, a yearly profit or loss is calculated by calculating how much I sold, how much I bought, how much product is left, and I think it should be calculated in the same way in gambling. Like how many gambles I played in a month, how many results went in my favor, how many went against me, how many matches I won, how much profit, how many losses, how much loss. If we can calculate in this way then at the end of every month we will have a clear idea whether we are moving in the right direction or in the wrong direction in gambling. I think most gamblers do not calculate this but it is very important for every gambler.
So are you indirectly saying we should treat gambling the same way we treat our other businesses? The same method we use to know if the business is making profit or not, and if yes, how about if the one is not making any good profit from gambling based on the records he has gathered over the month?
 
What will you suggest the person do? Should he change his betting pattern or should he stop gambling completely? I'm just asking because, from your explanation, it's obvious you want gambling to be treated the same way we treat our business, which means we should also consider it as a means of generating income.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
June 24, 2024, 07:45:41 AM
In terms of business, a yearly profit or loss is calculated by calculating how much I sold, how much I bought, how much product is left, and I think it should be calculated in the same way in gambling. Like how many gambles I played in a month, how many results went in my favor, how many went against me, how many matches I won, how much profit, how many losses, how much loss. If we can calculate in this way then at the end of every month we will have a clear idea whether we are moving in the right direction or in the wrong direction in gambling. I think most gamblers do not calculate this but it is very important for every gambler.
This should be done easily by all gamblers but in fact many people are too lazy to calculate all their gambling activities, for example if they spend all their money they may have calculated it all and in fact most gamblers always store everything in their brain memory rather than recording it, indeed There's nothing wrong with doing this because it can help manage our finances properly so we don't gamble excessively and regularly limit our budget so we don't become addicted to gambling or other bad things that could happen to us if we don't try to do that.

Every gambler's view is never the same but they can do it if they want, after all not many people like mathematics or calculations, even I am a little happy with calculations but I still don't calculate all my gambling activities starting from my expenses. The wins I got were even different, to be honest, I have another way, namely just using a mindset to be able to overcome myself so that I remain well controlled, I only think that the gambling I do is just for entertainment, that's why I only gamble on weekends with a predetermined budget and most importantly using money I was ready to lose so there was no need for me to calculate everything.
Nobody likes doing math. But knowing where your money goes is a must. Whether its poker or picking stocks, if you're losing, you gotta know how much. Its a wake-up call, a reality check. It keeps you honest. It keeps you from getting in over your head.

Some people like to throw a few bucks around for fun. Nothing wrong with that. Weekends, after work, set a limit, have some fun. But thats the key word: limit. Thats where your family comes in. They'll tell you straight if you're going overboard.

Remember, you're only gambling with what you can afford to lose. Thats the golden rule. You're not betting the rent money or your kid's college fund. You're respecting yourself, your family, and your wallet. Thats what I call being responsible. Thats how you gamble smart and keep it fun.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
June 24, 2024, 07:26:20 AM
In terms of business, a yearly profit or loss is calculated by calculating how much I sold, how much I bought, how much product is left, and I think it should be calculated in the same way in gambling. Like how many gambles I played in a month, how many results went in my favor, how many went against me, how many matches I won, how much profit, how many losses, how much loss. If we can calculate in this way then at the end of every month we will have a clear idea whether we are moving in the right direction or in the wrong direction in gambling. I think most gamblers do not calculate this but it is very important for every gambler.
It plays an important role but many gamblers will try to just play the game and won't record it anymore. I am one of those who gave up on recording my betting history because it's another work that I always forget to do. Might as well just stop it and try to remember the amount I lost in a week and use that as my record if I am in profits or in loss.
In sports that have a long season before it ends, it can become a nauseous thing to do especially if you know to yourself that you are on a losing streak. Recording the results becomes a lazy thing to do because we don't want to remember the loss that we had. But there was a time I completed recorded one event and I think that was during the FIBA basketball games. The results are low profits because of how unpredictable the games are.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
June 24, 2024, 05:14:08 AM
When I make investments, like a few ones I am currently into, or if I add more money to my business, I always keep track of the monthly turnovers. If I am making a budget for my needs and spending every month, I keep records on frequent occasions, but in terms of gambling, I don't keep any records. I can only have a budget to spend $5 today on gambling, but after that, nothing like record-keeping. I can't even remember the exact amount I won in my last spot bet unless I go back to my casino to check for the record there. 

I don't actually think that keeping a record of one's gambling activity can help the person be a better gambler.
If you don't keep a record or don't check it, do it once and you will know how much you have gambled in six months or one month, how much money you have lost, and how much money you have won if you have an idea. If you are losing more than you are winning, then you will think about spending your hard-earned money on a different activity or a place where you are not sure that you will ever win. No matter how much money one has, I don't think any person can close their eyes and invest their money somewhere.

Whether circumstances are good or bad, in good conditions, the money spent is not known and there is no regret. Already keep track of your activities so that you can realize how much you have been spending on your activity and whether it has been costly or not.

Well, what you said is true. If one actually keeps track of their gambling losses for like a year, the person can realize that they have actually lost a lot of money, and it could even be more significant than the profits that were made, but all the same, I can say that 80%–90% of gamblers don't do that. Everyone is carried away by the sense of winning and fun that is derived from gambling activities, so they don't care much about how much is lost or won. But even if you keep such records, what will you do with them? Well, the question is, what are you keeping the record for? Is it so that you will stop gambling or what? Just enjoy your gambling as fun and focus on a more serious source of income to replenish your account with the money you spend on fun activities (perhaps gambling). 
hero member
Activity: 553
Merit: 509
June 23, 2024, 11:59:54 PM
The only reason for recording gambling activities imo is to track how much is lost and to realize when to stop, when it is enough for this week or month. All other stats are so random and unconstant, that it is impossible to build any analisys on that. I hope everyone understand, that there is no win strategy from result analysis in gambling.

Absolutely right, I also don't understand how strategies can be in general in gambling where slots and roulette, or betting ged bets.
Therefore, there is no point in collecting statistics.

The only thing that needs to be recorded and analyzed is your income and expenses for the casino.
To understand how much I can spend next month on gambling, and so that there is no damage to my usual household expenses, such as Food and Rent.

At first I wanted to agree with you, but now I think that not all casino or betting games are solved by luck. For example, poker has many strategies and you can follow a different style of play: aggressive or passive, for example. And these styles can be different in terms of profitability for one person. If a poker player records his results, he will be able to understand in which style it is more profitable for him to play. Thus, it makes sense to write your gambling results in a notebook, because this way you can learn more about yourself and your statistics.
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform
June 23, 2024, 11:20:37 PM

If you are mostly betting online, it is now quite easy to track your spending habits as you can already see it in your deposit history. Now, if you want to know that you are getting something out of it, you can check the withdrawal history if your betting activities are really worth your time.

Recording may be good for others but if you feel you don't have the time for it, you can always observe how much you are allocating to your gambling activities per week or per month. And how much is going back. If you feel you are spending much without getting most of it, better contemplate if you still want to live with this kind of lifestyle.

Yeah the online digital casino do have such features, but not sure if every gambler cares to utilize such tool to their own good. It's been there for over these years where most people get addicted to gambling. Confirming how little in number people who care about this feature is, and it works for them. However, I know of some people who won't put extra effort towards implementing this if they weren't computing the data themselves. Let's say a player can memorize easily what he wrote down on inserted on a computer, than the provision made in the casino. It's more like an obligatory behavior to help gamblers stay always in touch with their gambling ethics.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
June 23, 2024, 11:19:48 PM
In terms of business, a yearly profit or loss is calculated by calculating how much I sold, how much I bought, how much product is left, and I think it should be calculated in the same way in gambling. Like how many gambles I played in a month, how many results went in my favor, how many went against me, how many matches I won, how much profit, how many losses, how much loss. If we can calculate in this way then at the end of every month we will have a clear idea whether we are moving in the right direction or in the wrong direction in gambling. I think most gamblers do not calculate this but it is very important for every gambler.
This should be done easily by all gamblers but in fact many people are too lazy to calculate all their gambling activities, for example if they spend all their money they may have calculated it all and in fact most gamblers always store everything in their brain memory rather than recording it, indeed There's nothing wrong with doing this because it can help manage our finances properly so we don't gamble excessively and regularly limit our budget so we don't become addicted to gambling or other bad things that could happen to us if we don't try to do that.

Every gambler's view is never the same but they can do it if they want, after all not many people like mathematics or calculations, even I am a little happy with calculations but I still don't calculate all my gambling activities starting from my expenses. The wins I got were even different, to be honest, I have another way, namely just using a mindset to be able to overcome myself so that I remain well controlled, I only think that the gambling I do is just for entertainment, that's why I only gamble on weekends with a predetermined budget and most importantly using money I was ready to lose so there was no need for me to calculate everything.
sr. member
Activity: 1386
Merit: 406
June 23, 2024, 10:31:07 PM
In terms of business, a yearly profit or loss is calculated by calculating how much I sold, how much I bought, how much product is left, and I think it should be calculated in the same way in gambling. Like how many gambles I played in a month, how many results went in my favor, how many went against me, how many matches I won, how much profit, how many losses, how much loss. If we can calculate in this way then at the end of every month we will have a clear idea whether we are moving in the right direction or in the wrong direction in gambling. I think most gamblers do not calculate this but it is very important for every gambler.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
June 23, 2024, 05:06:18 PM

Partly, you have a good point with your opinion but that doesn't fit to most gamblers not all people can adopt with your mindset. We can't motivate a person by just saying don't let emotion affect the game plan, yes it really will affect by most weak hearted individuals. Their aim is always winnings, because they always thought gambling could profit them all the time, that's why frustrations always happens just because they're ambitious and got a wrong perspectives. It's hard for a gambler to become smarter enough, maybe if they'll mature enough and experience should be the most important aspects.

What ever it is, recording of gambling activity would do for the rich same it'll do for the low roller. Nothing differentiates these players when it comes to strategical moves. Money is the only unique thing about these two types of players. Hence, if a low roller learns to track his gambling activity, he'll get the following benefits; documentation, change in wagering habit, if.high, and references. Gamblers who keep records feel a bit more accountable to how much has left them for gambling reasons. This can minimize the rate a player involves in the gambling. Players who don't keep record may not have the hardcopy of their gambling activities. Casinos also shows on dashboard how much a player has spent gambling.

If you are mostly betting online, it is now quite easy to track your spending habits as you can already see it in your deposit history. Now, if you want to know that you are getting something out of it, you can check the withdrawal history if your betting activities are really worth your time.

Recording may be good for others but if you feel you don't have the time for it, you can always observe how much you are allocating to your gambling activities per week or per month. And how much is going back. If you feel you are spending much without getting most of it, better contemplate if you still want to live with this kind of lifestyle.
legendary
Activity: 3052
Merit: 1168
Leading Crypto Sports Betting & Casino Platform
June 23, 2024, 05:01:52 PM
Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits.  

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling.  

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
Anything that helps you to track your overall performance and how much money you are spending is cool, and everyone has their own way that does the trick for them.
Although i don't understand how that would differ from personal statistics that most casinos are already offering and tracking. Maybe if you want to track the games you are losing more than you realise, because i am pretty sure we don't need a wonder what games are bringing us most money, as we tend to go for those automatically.

But i can't be the only one that would need to cut out some games where i am losing more than i realize, because i mostly remember the winnings only.

If you are planing to go ahead and do this. May i suggest searching for betting tracker templates from google sheets. I have some of those ready if i ever need to watch my gambling closely. Currently i have just made customised google sheet for balancing my budget, which includes gambling, and that's are working just fine.
hero member
Activity: 644
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Leading Crypto Sports Betting & Casino Platform
June 23, 2024, 04:59:50 PM
The only reason for recording gambling activities imo is to track how much is lost and to realize when to stop, when it is enough for this week or month. All other stats are so random and unconstant, that it is impossible to build any analisys on that. I hope everyone understand, that there is no win strategy from result analysis in gambling.
I remember when I was deeply into gambling, it was actually the records of the bets that I have placed that actually opened my eyes and view that my habits are actually getting of hands because if it was just me I was actually confident and okay thinking my habits are still okay but it wasn't until I decided to check the records that I knew something was actually wrong and I needed to adjust it.
hero member
Activity: 2996
Merit: 609
June 23, 2024, 04:52:26 PM

Partly, you have a good point with your opinion but that doesn't fit to most gamblers not all people can adopt with your mindset. We can't motivate a person by just saying don't let emotion affect the game plan, yes it really will affect by most weak hearted individuals. Their aim is always winnings, because they always thought gambling could profit them all the time, that's why frustrations always happens just because they're ambitious and got a wrong perspectives. It's hard for a gambler to become smarter enough, maybe if they'll mature enough and experience should be the most important aspects.

What ever it is, recording of gambling activity would do for the rich same it'll do for the low roller. Nothing differentiates these players when it comes to strategical moves. Money is the only unique thing about these two types of players. Hence, if a low roller learns to track his gambling activity, he'll get the following benefits; documentation, change in wagering habit, if.high, and references. Gamblers who keep records feel a bit more accountable to how much has left them for gambling reasons. This can minimize the rate a player involves in the gambling. Players who don't keep record may not have the hardcopy of their gambling activities. Casinos also shows on dashboard how much a player has spent gambling.
When it comes to tracking then it would really be applicable to all or something that do talks about having no exemption with this kind of thing. It is really just depending on how someone would really be applying those things on the moment that they would do gambling. It would really be always significant that you would be needing to have that kind of moderation and control towards gambling specially on the moment that you would really be spending money with it or else you would really be that putting yourself into those potential problems or issues on the moment that you would really be that impulsive or losing up control on the moment that you would really be playing or doing gambling. Everything should be traced up and should be in control so that you wont really be facing up any issues or problems.
hero member
Activity: 1274
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Leading Crypto Sports Betting & Casino Platform
June 23, 2024, 04:40:54 PM

Partly, you have a good point with your opinion but that doesn't fit to most gamblers not all people can adopt with your mindset. We can't motivate a person by just saying don't let emotion affect the game plan, yes it really will affect by most weak hearted individuals. Their aim is always winnings, because they always thought gambling could profit them all the time, that's why frustrations always happens just because they're ambitious and got a wrong perspectives. It's hard for a gambler to become smarter enough, maybe if they'll mature enough and experience should be the most important aspects.

What ever it is, recording of gambling activity would do for the rich same it'll do for the low roller. Nothing differentiates these players when it comes to strategical moves. Money is the only unique thing about these two types of players. Hence, if a low roller learns to track his gambling activity, he'll get the following benefits; documentation, change in wagering habit, if.high, and references. Gamblers who keep records feel a bit more accountable to how much has left them for gambling reasons. This can minimize the rate a player involves in the gambling. Players who don't keep record may not have the hardcopy of their gambling activities. Casinos also shows on dashboard how much a player has spent gambling.
hero member
Activity: 1974
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Vave.com - Crypto Casino
June 23, 2024, 04:18:09 PM
I this is only applicable for those huge capital gamblers in order to monitor their progress, keeping a record is safe and secure as well as the visibility will be more clear if a gambler got massive wins or loss.
Not necessarily. You can still track your gambling activities even without starting with a small amount. It’s up to you. As a gambler, sometimes we ambitiously think we can turn gambling into a sustainable activity, like making a living from it. If that is the goal, you cannot just start with a large amount of money without ensuring you can already do it. You need to be consistent to be profitable, so you need to experiment first by starting with a small amount and then gradually increasing when you feel confident that you are making money.

What's important is that you don't let your emotions affect your game plan. You need to be smart and follow your strategy with discipline, so you won't panic when you experience a losing streak.

Partly, you have a good point with your opinion but that doesn't fit to most gamblers not all people can adopt with your mindset. We can't motivate a person by just saying don't let emotion affect the game plan, yes it really will affect by most weak hearted individuals. Their aim is always winnings, because they always thought gambling could profit them all the time, that's why frustrations always happens just because they're ambitious and got a wrong perspectives. It's hard for a gambler to become smarter enough, maybe if they'll mature enough and experience should be the most important aspects.
legendary
Activity: 2478
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Don't let others control your BTC -> self custody
June 23, 2024, 02:37:44 PM
Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

This is a great way to get a gambler away from gambling. Everything in history is recorded or stored. If records or data are to be kept, a gambler keeps a record of his losses or wins. Then he will come to realize at some point, the difference between his victory and defeat and how he has destroyed his own life. With this record book, a gambler can easily take account of the profit and loss happening in his life and he can easily wean himself from gambling by seeing this information.

Do you really think that an addict will stop gambling after seeing the numbers? It's like hoping that someone ugly will stop trying to get a date after seeing his face in the mirror Cheesy
I know a guy who smokes 2 packs a day and one time when we were having a beer I did the math and told him how much money he's losing monthly and yearly and that he could save up for a new car or something if he quit. He was surprised how much that was, but did it stop him from smoking? No!
I don't record my wins and losses, but I have a rough estimate in the back of my head. I don't need to check it to know I'm doing good.
hero member
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Maintain Social Distance, Stay safe.
June 23, 2024, 11:56:16 AM
Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?

This is a great way to get a gambler away from gambling. Everything in history is recorded or stored. If records or data are to be kept, a gambler keeps a record of his losses or wins. Then he will come to realize at some point, the difference between his victory and defeat and how he has destroyed his own life. With this record book, a gambler can easily take account of the profit and loss happening in his life and he can easily wean himself from gambling by seeing this information.
hero member
Activity: 2730
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Leading Crypto Sports Betting & Casino Platform
June 23, 2024, 11:53:52 AM
Most or I would say all casinos now have the betting history and records of your bets inside their platform, this feature is very important in all casinos and would show you detailed betting information for last 6 months or more. Usually most gamblers are using different casinos at the same time, so all you have to do is calculating the total amount from all the casinos. I really suggest for anyone to keep record on your gambling bets and activity, for a main reason which is monitoring your activities to control them.
Personally, I have even recorded video clips on my bets, especially higher stake bets, eventually, having a total statement about that would happen you adjust it much easier. Mostly, you would see how much did you spend and how much you could withdraw from gambling.
If you're doing that, it's a good move because it gives you an idea of how much money you're losing and how much money you're winning. bet and we win we may make the same bet again and we win even if it doesn't happen every time but it is easy and this way the chances of winning also increase and most of all, the important thing is that we keep track of whether we are making a profit or a loss.

First of all, I am against gambling, I think gambling should not be considered a good habit, it is a risky path where there is a chance of falling at any time but still, those who play, those who play carefully, do not lose much more than those who gamble blindly and lose and only realize it when they are empty. So keeping track of the process might help.
hero member
Activity: 2828
Merit: 611
June 23, 2024, 11:36:43 AM
When I make investments, like a few ones I am currently into, or if I add more money to my business, I always keep track of the monthly turnovers. If I am making a budget for my needs and spending every month, I keep records on frequent occasions, but in terms of gambling, I don't keep any records. I can only have a budget to spend $5 today on gambling, but after that, nothing like record-keeping. I can't even remember the exact amount I won in my last spot bet unless I go back to my casino to check for the record there. 

I don't actually think that keeping a record of one's gambling activity can help the person be a better gambler.
If you don't keep a record or don't check it, do it once and you will know how much you have gambled in six months or one month, how much money you have lost, and how much money you have won if you have an idea. If you are losing more than you are winning, then you will think about spending your hard-earned money on a different activity or a place where you are not sure that you will ever win. No matter how much money one has, I don't think any person can close their eyes and invest their money somewhere.

Whether circumstances are good or bad, in good conditions, the money spent is not known and there is no regret. Already keep track of your activities so that you can realize how much you have been spending on your activity and whether it has been costly or not.
sr. member
Activity: 616
Merit: 271
June 23, 2024, 09:32:32 AM
What's the whole point of keeping these records???

I think that he just wants to keep track of how much money he lost on a given month. Some people need that to stop dreaming and go back to solid ground.

I don't do that because I treat each session as a separate event. When I end it, I withdraw the money and next time I start playing I remember that last time and how much I made/lost.
I do not not think keeping such records will be of help to some people, it might even make things worse. I remember my early days in the university when I would gamble without any wins, I didn't feel good about it. The few times I won were just like a compensation for all the bad days, keeping such records would not be helping matters.

What then is the point of keeping records of your gambling activities if you aren't going to restrict your gambling activities? Gamblers who chase losses already know that they have more losses than they've won so far but they keep playing hoping to cover up such losses. Keeping such gambling records might be useful to some people, but many others would be triggered or motivated by such records to gamble even more than they should.
Yes, just like me on which it is really something that i dont want to do on the moment that i have lost money on which i wont really be tending to look back because it would really be that making things worst on which on the moment that you've seen that your loses are becoming bigger then it would really be that impulsive and the worst thing is that you would really be that playing even more on which it would be causing even more loses.
This is why it would be important that on the moment that you are playing gambling then you should really be that not tending to look back on how much you do lost. Just make it sure that the amounts that you are using is really just that only on the amount that you can afford to lose and not something that spending your life savings on which majority is really that been doing and this is why they do mess up.

You should really be that careful when it comes to gambling whether you would really be tracking your activity or not. The main key on here is that moderation and control with your mind and emotions.
Because if you dont have these things then most likely you would really be that losing money and something that could mess up your life if you wont be that careful on the actions that you are taking.
This is why you should really be that considerable on taking up such decisions or steps.
You are right mate. As far as gambling is concerned, what everyone one needs is self control and not records from the past gambling activities. Every gambler have had their bad days in gambling and they alone understood how it made them feel. Such feeling should be enough to make them be more careful in their next gambling session and gamble under control in order not to exceed a certain amount or time duration. Ignoring this very important attribute to just keep records of all gambling activities will only make the gambler gamble more.

The only reason for recording gambling activities imo is to track how much is lost and to realize when to stop, when it is enough for this week or month. All other stats are so random and unconstant, that it is impossible to build any analisys on that. I hope everyone understand, that there is no win strategy from result analysis in gambling.
We don't need to wait till our losses become huge before we decide on the right steps to take. Gambling right is supposed to be something every gambler should take seriously irrespective of the size of your income. Is it better we stop gambling when enough damages have been done already? A conscious mindset everyday we gamble is what we need to stay safe.
full member
Activity: 126
Merit: 93
June 23, 2024, 08:44:04 AM
Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits. 

Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling. 

Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
Keeping a record of gambling activities is really important because every losing or winning situation and saving all the activities can surely bring good for future. Most of the times we don't like to keep records especially when we lose. But if you keep a record of all the times you lose at gambling, it will be easier for you to conduct yourself more carefully in the future.
As important as keeping a tally of every loss is for you, keeping a record of your wins anywhere will give you a strong sense of self-confidence. Basically your experience increases with time and the desire to win but the experience of losing should fade away.
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