After breaking down the bankroll, gamblers must then set up a win/loss limit to limit their losses after their winning or losing streaks. Gamblers must know when they should stop betting to keep themselves from suddenly losing their entire. Betting more and more can lead to gamblers losing all their winnings or depleting their bankroll while chasing losses.
Setting up a win/loss limit lets gamblers go home with some cash after winning a certain amount or have some money left after losing. If the gambler started with $100 and their win limit is $200, and the loss limit is $80, they should stop betting once their total is $300 or when they’re down $20.
It’s also essential to stick to the limits to keep themselves from potentially losing more money. When playing in an online casino, it’s better for the gambler to log off their account so they won’t be tempted to place any more bets.