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.
I think this works in 2 ways, the first way is the one you mentioned, making gamblers realize its time to give up on gambling after so many losses.
The second way is the anger and desperate drive that losses can cause, it sometimes forces gambler to keep on playing, and gambling until all is lost.
I think striking a balance between lifestyle and gambling will help alone.