Setting Stop Loss Limits for Online Casino Games

Here’s one of the most-common questions asked by casino players: how do I know when to quit? There’s no one-size-fits-all answer to when you should quit a casino session. Everybody will have their own opinion on the matter. But the key is that you should have an indication on when to stop playing for the […]

Here’s one of the most-common questions asked by casino players: how do I know when to quit?

There’s no one-size-fits-all answer to when you should quit a casino session. Everybody will have their own opinion on the matter.

But the key is that you should have an indication on when to stop playing for the day. And the best way to do this is by setting a stop loss limit.

What is a Stop Loss Limit?

A stop loss limit is a predefined amount of money or bankroll percentage that suggests when you should stop playing casino games. You can set this limit as either a monetary amount or percentage of your bankroll.

Here’s an example:

  • You have a $1,000 bankroll.
  • You don’t want to lose any more than 20% of this in a single session.
  • You promise yourself to stop playing whenever you lose 20% ($200) of your $1k bankroll.

Some players may still exceed their stop loss limit by getting out of control. But having this preset limit at least gives you a better chance of winning when the time is right.

How to Enforce Your Casino Stop Loss Limit

The best trick to avoid going over your stop loss limit is to only deposit what you’re willing to lose at the casino. Even if your bankroll is worth $1,000, you should only fund your account with $200.

Sure, this doesn’t guarantee that you won’t go over your preset number. But creating an inconvenience for yourself does make it easier to quit at your stopping point.

Advantages of a Stop Loss Limit

The whole idea behind a stop loss limit is that you want to create manageable losses during bad casinos sessions. By properly managing your losses, you’ll feel bad when logging out of an online casino. Furthermore, you’ll get more enjoyment out of casino gaming.

Another point worth making here is that you’ll also avoid making bad decisions out of frustrations over losses. This is especially key in skill-based casino games like blackjack, where you want to make the best decisions possible.

And given that it’s not hard to set your stop-loss limit, I recommend that every player do so.

 

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