Say that you are a wealthy rich guy who loves gambling. Probably, money isn’t a problem to you. However, not everyone has plenty of money. And thus, following certain sets of rules can play a critical factor when gambling.
What is Your Max Limit?
Even if you are rich, it does not hurt to put some limits onto yourself when gambling. Establishing the max amount of cash to gamble per day, session or trip is a good idea in practicing discipline as well.
The real reason though why you need to have stop/loss is that, it is fairly easy to overspend and be caught up in the moment.
You may not know it but you are already spending money that you don’t have because you are so deep in that moment. Perhaps, you may say to yourself that it is just few bucks while trying to go after your losses.
Come with a Rule and a Plan
With a stop/loss and a plan to play, this will make it easier for you to spend the amount that you could afford to lose when gambling. Because let us face the fact, the house always wins and the odds between casino games and its players always leans to the former.