Three Reasons Why Auditing Your Gambling is a Great Move


Many gamblers get into the habit of betting without managing their resources. They bet today, win some or lose some, and never really know whether they are earning profits or breaking the bank. If this sounds like you, creating an auditing system is one way to help you manage your money, and subsequently make wise decisions about your gambling and gaming activities.

Play Responsibly

If you know where your money is going, then you know the source of any leaks. Keeping a record of your deposits, withdrawals, winnings, and losses is key here. This doesn’t need to be overly complicated, just a pen and paper system will do, but if you know your way round a spreadsheet then it will make things easier, as this will do all your calculations for you. Google Sheets is an example of free spreadsheet software, but there are others.

Know Which Games Drag You Down

A few big wins can give you the false impression that you’re good at one particular game, but only by listing down your winnings and losses on each game can you get a true impression of how your successes translate into making money. You may find that numerous small losses are undermining your big wins, and in fact three big win and ten small losses means that you need more practice.

Strategies Make a Difference

If you are playing roulette, it makes sense to use betting systems like the Martingale or the Fibonacci. The problem is that you will never really know if it works unless you have data to prove it. The only way to have data is to list it down. Again, just use a simple pen and paper system to note down your bet amount, the result, your wins, and your losses. After the game, you will know if you came out on the positive or the negative. Plus, after testing a particular system for several days you can tell yourself whether it really works or not. If it does, use it. If it doesn’t, move on and use another strategy.

It’s Business Time

Treat your gambling like a business. After all, money is involved, and potentially a large amount. Whenever you play at an online casino like BitStarz, tracking your gaming activities and results is the only way to ensure that you are using your money wisely and increasing your chances of victory. Got your pen, paper, or spreadsheet ready? Then get playing today, and good luck!

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