Gambling is a great entertainment outlet, as you can jump right in and enjoy it for as long as you want, whenever you want to. But if you’re gambling on a fairly regular basis, you should keep track of your wins and losses.
Every serious gambler who wants to stay profitable in the long run keeps detailed gambling records. It will allow you to improve and make the best out of every bet you place.
The best part is, tracking your gambling results is not difficult at all. We’ll share with you the top three reasons why you should start tracking your results right away and go over a few tips on how to do it the right way.
1. Monitor Your Wins and Losses
The first and most obvious reason you should track your gambling results is that doing so gives you an insight into how much you’re winning or losing.
It’s fair to say that most casual players don’t have a clue how much money they’ve won or lost over a certain period. This is especially true for those who only play occasionally and don’t have a fixed gambling bankroll.
If you’re not tracking your gambling results, the chances are that you’re losing more than you should be. In life, we all tend to focus on the good times and forget the bad. It’s the same with gambling.
You likely remember most of the times you won and forget all of the unpleasant times you walked away from a gambling session in the red.
This is entirely normal, but it is unfortunately very detrimental for your bankroll and limits your success.
Tracking your results will allow you to determine what games, limits, and gambling timeframes you’re most efficient at and which you should avoid.
There’s a big gap between being a losing and a winning gambler. If you want to make sure you’re the latter, monitoring your wins and losses is the best way to improve your results constantly.
Of course, all of this goes hand in hand with always playing at trusted and quality casinos. To find these sites, you can always turn to review sites such as Luckychika.jp.
Lastly, it’s important to mention that losing money isn’t always bad news. Sometimes you’re playing purely for entertainment, and you don’t mind losing your money for that session if you’re having fun. But, it’s essential to know when this is the case and when you’re playing to win and make optimal decisions with every bet.
2. Understand Your Strengths and Weaknesses
Playing just for fun without any records is undoubtedly entertaining, but it won’t get you anywhere in the long haul. If you’re not tracking your results, you can’t possibly know what your biggest strengths and weaknesses are.
This is especially important if you’re a beginner gambler who has yet to learn all of the ins and outs of a particular game.
In other words, when playing your favorite gambling game, be it slots, roulette, or whatever else, you need to know what your strengths are so you can play to them.
The logic behind this is simple. When you make bets you’re more successful at, your profits will automatically increase.
Conversely, when you know your weaknesses, you can try to avoid making these mistakes and improve your game over time. Fixing your flaws is arguably more challenging to do than playing into your strengths and will take some effort and dedication to carry out.
Although all gambling games have a certain luck element, games like poker or blackjack require constant learning and analysis. Every gambling game that has at least some amount of skill in it requires great attention to detail and solid understanding.
3. Change and Better Your Game
The third reason why you should track your gambling results directly plays into the second one. When you have an objective perspective of your gambling capacities, you can better your game with time.
With precise numbers at your disposal, there’s no room for selective memory. You know what you need to improve and can target it directly.
One way to do this is to constantly change your game and try out new betting strategies and systems. Of course, you don't have to completely overhaul your game if you’re in a lousy swing. Only tweak elements of the game to find the things that work best for you.
Maybe you like playing in online poker rooms on weekends. Perhaps you often fall into a bad betting pattern when you string a couple of bad beats or poker coolers in a row. No matter how random or specific your gambling imperfection is, when you see it in writing, you can work on improving it.
Keep in mind that this isn’t an overnight process. It can be challenging to do, especially if you’re just starting your gambling journey. To make sure you constantly change your gambling skills for the better, you need enough results and records to accurately know what you should be focusing on.
Quick Tips for Better Result Tracking
The three reasons we discussed on this page present a big argument towards tracking your gambling results. With that in mind, you should also know how to effectively track your gambling results to get the most information, both short-term and long-term.
Here are a few tips on how to track your gambling results:
- Monitor Your Hourly Winnings – Tracking your hourly winnings/losses is the simplest form of keeping gambling records. To track your hourly or total session winnings, just divide your ending bankroll over your starting bankroll by the total number of hours you play during the particular session.
- Keep Long Term Records – Besides tracking your hourly and daily results, you should also pay attention to the bigger picture and track your long-term results. The main benefit of keeping a long-term record is that it will allow you to see if you’re progressing or regressing.
- Set a Loss Limit – When you have a fixed bankroll and a loss limit you always abide by, you will have a much easier time tracking your results. Plus, a limit helps you save money during bad runs and particularly cold streaks on video slots.