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?
If it is something that you don't do regularly, like once in a few months, then I don't think you have to keep records of anything as long as you haven't gambled heavily. But another reason to keep records of your profit is because of the taxes. If you win big, you must report it and pay your taxes on what you have won. And also if you are a regular gambler, then yes, it is best to keep records for your own good. It will help you organize financial costs/aspects more easily. It will also help you know if you are spending over the limit or not and if you should stop soon.