This is a strong opinion I have. Around every 12-18 months, you should look over your RECORDS regarding roulette play, ACTUAL CASINO play that is. What do your NET winnings look like OR your losses?

The overall +/-

I keep all my records in notebooks. If year after year, your profits (if there are any) keep falling or just holding steady, perhaps roulette is not for you. I see NO REASON to play year after year and stay in limbo, what's the point? Real success, every 12-18 months, your NET profits (percent) should be steadily going up. I do understand, some people play three times a week and some play six times a year, I get it.

Ken

    "Don't worry about those who talk behind your back, they're behind for a reason."

I agree with keeping accurate records for all your real play.

I don't believe I could wait 12-18 months to check though. I prefer to reconcile the ledger after every casino visit.

Good bookkeeping can be a blessing.

Quote from: greenguy on February 26, 2016, 11:29:16 AM
I agree with keeping accurate records for all your real play.

I don't believe I could wait 12-18 months to check though. I prefer to reconcile the ledger after every casino visit.

Good bookkeeping can be a blessing.

Same here

After a casino visit  winnings and losses are being recorded . Any comps  like room ,  food, drinks, parking are also recorded as to their fair market v alue.
This has been my practice for   at least the past 25 years




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Quote from: greenguy on February 26, 2016, 11:29:16 AM
I agree with keeping accurate records for all your real play.

I don't believe I could wait 12-18 months to check though. I prefer to reconcile the ledger after every casino visit.

Good bookkeeping can be a blessing.

More of my point is this >> your overall net winnings (percent) better continue to climb. How? Through trial & error, correcting ok methods and making them better.....you should be a *SMARTER* player year after year. Learning what does not work.

Ken

I have always maintained that keeping good, solid records of your casino play is important to knowing if you're a winner or loser.

You will find that most people who do NOT keep records, are usually losing but just don't want to know just how much the amount is.

I do keep track of the monthly net and I reconcile the gambling account at the end of the year.

AD

Yep. I never question anyone's statements of winning and losing.  But I do take them with a grain of salt if they don't keep good accounts.  I often times hear "I know I win more than lose." or "I'm about even." etc. etc.  Generally these people got no real idea, IMO. 

Anyone who has spent hours and years at the tables knows that it's easy to underestimate losses due to fatigue, alcohol maybe?, or just selective memory.  It's easy to rationalize losses by including comped rooms, dinners, gifts, etc.  There was a time when I kept sloppy records and soon found out that I was confused about my own standings.

Maybe it's just my suspicious nature but even at my small level of play I hide winnings from the casino.  I just don't want them knowing my business.  There are times when I play almost daily so it's imperative for me to keep a ledger every single day.

I don't include comps but I understand why one might.  Personally the only comps that I value are for items that I would purchase if I weren't gambling.  When I was playing BJ I used to get thousands of points and spend them on Christmas gifts every year (until they froze my account).  So items like that are worthwhile to include in a profit loss statement.  Otherwise, dinners, rooms   Nah, I don't go to the casino for a vacation - I go to the islands!

Quote from: Jimske on February 27, 2016, 02:11:05 PM
Yep. I never question anyone's statements of winning and losing.  But I do take them with a grain of salt if they don't keep good accounts.  I often times hear "I know I win more than lose." or "I'm about even." etc. etc.  Generally these people got no real idea, IMO. 

Anyone who has spent hours and years at the tables knows that it's easy to underestimate losses due to fatigue, alcohol maybe?, or just selective memory.  It's easy to rationalize losses by including comped rooms, dinners, gifts, etc.  There was a time when I kept sloppy records and soon found out that I was confused about my own standings.

Maybe it's just my suspicious nature but even at my small level of play I hide winnings from the casino.  I just don't want them knowing my business.  There are times when I play almost daily so it's imperative for me to keep a ledger every single day.

I don't include comps but I understand why one might.  Personally the only comps that I value are for items that I would purchase if I weren't gambling.  When I was playing BJ I used to get thousands of points and spend them on Christmas gifts every year (until they froze my account).  So items like that are worthwhile to include in a profit loss statement.  Otherwise, dinners, rooms   Nah, I don't go to the casino for a vacation - I go to the islands!

I totally agree with you with only one exception;
You cannot hide from a casino, when a professional plays regularly (5+ days/week) the casino knows what he is doing (method,balance) and if by any chance you get in their focus they run background checks too...
Even when you have the invincible/infallible method you cannot hide from the casino because the personel behind the cams are always there, players at the tables might change from time to time but not them, they have a file on every noteworthy player.

Quote from: Blue_Angel on February 27, 2016, 02:34:56 PM
I totally agree with you with only one exception;
You cannot hide from a casino, when a professional plays regularly (5+ days/week) the casino knows what he is doing (method,balance) and if by any chance you get in their focus they run background checks too...
Even when you have the invincible/infallible method you cannot hide from the casino because the personel behind the cams are always there, players at the tables might change from time to time but not them, they have a file on every noteworthy player.

When I say hide I simply mean hide my win/loss stuff.  Granted it's pretty easy at my level in my crowded casino.  Much harder for big bettors.  The other day I had to call the floor over to make sure they had the proper average bet size!  I got into a big argument and they finally changed it!