Since most people just play at casinos for fun, they don’t take it too seriously and aren’t trying to win anything serious. They don’t really do much besides play video games whenever the mood strikes them and for as long as they like. The difficulty with such method is that it makes it hard for players to assess the true financial and time costs of their activity. In addition, it prevents players from analyzing their own winning and losing tendencies.
Beginning to keep gambling records is the answer to this possible issue. No, we haven’t gone all Accountant on you, but there are advantages to keeping track of your gaming activities that are hard to pass up. We’ll get to that in a minute, but first, let’s define “gambling records” and discuss the best practices for maintaining them.
Keeping Track of Your Bets and Winnings
Try your best to be meticulous in your record-keeping. Even if you forget to keep track of a session, you may be able to calculate how much money you made or lost by checking the venue’s bank records. If you forget to keep records, you can always rely on your memory (or make an educated guess) to fill in the blanks.
Before you start playing, make it a habit to pull out your notebook (or spreadsheet) and jot down the time and date. If you do that, you’ll be more likely to remember to write down the remaining information at the end of the session.
Gambling Records: Why You Should Keep Them
Now that we’ve covered the mechanics of keeping gaming records, we can get into the benefits of doing so. There are various advantages to this method, and while some of them may be more interesting to you than others, they are all worthwhile.
Record Keeping Advantage #1: It Shows Where You Stand
Keeping track of your wins and losses is the primary advantage of keeping gaming records. A player’s statistics may reveal that he or she won last month at Blackjack and almost broke even betting even money shots in Roulette, but lost significantly more money wagering on single numbers or playing slots. While the primary goal of playing online casino games is for fun rather than financial gain, keeping track of how you perform in different games can provide you insight into how you spend your money.
You can also learn when you have the most losing sessions by looking at your records. You might discover, for instance, that your losses are significantly higher on Saturday evenings than at any other time. If you find that you frequently drink on weekends, you might draw the conclusion that alcohol aids in weight loss. If you want your money to go further, this might persuade you to give up drinking or gambling on Saturday nights, whichever you prefer.
Benefit No. 2: Financial Records Improve Management
Successful bank roll management necessitates keeping meticulous records of all money wagered. If you keep track of how much money you spend on gambling, you’ll know whether or not you need to make changes to the way you handle your finances.
Every gambler has a natural propensity to gloss over or forget about losing sessions, while vividly recalling winning ones. Keeping track of your wins and losses in writing will help you manage your money more effectively and avoid going over your set limits.
Keeping detailed records might help you exert more command, which is the third advantage.
Keeping meticulous records of your gaming will help you realize how much you have over your gambling behaviors, which follows on from the first benefit. We’ve all heard the phrase “responsible gambling,” but we usually think the fault lies with someone else. We can check if that is in fact the case by looking at the records we have kept so far. If it isn’t, we can take measures to improve our self-regulation, such as reducing our intake or switching our attention to something else for a bit.
Record-Keeping’s Fourth Perk: Finding the Best Gambling Halls
Some gamblers have more success at specific casinos. Many factors contribute to this, including the casino’s ambiance and the variety of games and special incentives it provides. If you keep track of how much money you win and lose at each casino you visit, you might start focusing on the casinos where you lose the least.
While we’re on the subject, it’s a good idea to document your casino memberships for easy reference. Signing up with multiple new casinos and taking advantage of their welcome packages is a great way to get a taste of what the industry has to offer without incurring any unnecessary risks. After all, if there is a large sum of bonus money available, it would be foolish to pass it up.