That does look like a better way to do it, hopefully put less strain on the point where the cable enters the controller?
Meant to post this for you a long time back.. You should look into these for your extra controllers. You wrap them through and they stay on the cable, then you can wrap up the cable and Velcro it in place. You get 100 of them in package and they are crazy handle for things like that!http://www.amazon.com/VELCRO-Brand-ONE-WRAP-Self-Gripping-Reusable/dp/B001E1Y5O6/ref=sr_1_7?ie=UTF8&qid=1432303608&sr=8-7&keywords=velcro