Stop-Loss/Win Limits

[SBR Drew]

Players experience situations where they’re beating the casino or sports book by a wide margin, only to continue playing and eventually lose everything.

A similar situation involves having a long losing streak where a player is chasing losses and loses everything.

In either case, you can benefit by setting win and loss limits for each session.


A stop-win limit refers to when you quit any gambling session after winning a specific amount of money. A stop-loss limit is when you quit a session after losing a certain amount.



The limits behind this betting strategy can be whatever you like. The main thing to consider here is how much you’re comfortable with losing and what amount you are satisfied with winning.


Set limits based on a percentage of the bankroll. Here are two examples:

• Stop-loss limit = 12% of bankroll
• Stop-win limit = 10% of bankroll

The size of your bankroll and the frequency in which you gamble will play a role in what limits you choose.

[SBR Drew]

Important to watch the bankroll.always...

[TommieGunshot]

What kind of gibberish nonsense is this

Players experience situations where they’re beating the casino or sports book by a wide margin, only to continue playing and eventually lose everything.

To truly "lose everything" usually requires some level of compulsion, addiction, disease . . .

A similar situation involves having a long losing streak where a player is chasing losses and loses everything.

In either case, you can benefit by setting win and loss limits for each session.

The benefits from what you describe are either very small, non-existent, or actually detriments. A much better thing would be to simply make good bets. That would give anyone much better benefits. That is true whether there is a long losing streak or not.

A stop-win limit refers to when you quit any gambling session after winning a specific amount of money. A stop-loss limit is when you quit a session after losing a certain amount.

For tax purposed, my sessions start on 1 January and end on 31 December. For all other purposes, my session started in the 90s and will likely last a few more decades. Stopping after winning a specific amount of money would mean never making a bet again.