Money Management: Loss and Win Limit

Money management is very important during your craps sessions.
This video is a discussion on loss limit and win limit.
You need to have an understanding of your money management prior to playing craps.
In craps, setting a win limit and a loss limit are essential strategies for responsible gambling and maintaining control over your bankroll.
Win Limit
A win limit is a predetermined amount of winnings at which a player decides to stop playing. Setting a win limit helps players secure their profits and prevent the temptation to keep playing and potentially lose their winnings. For instance, a player might decide to stop playing once they have doubled their initial bankroll or reached a specific dollar amount. This strategy ensures that players leave the table with a profit, fostering a sense of accomplishment and preventing the gambler's fallacy, where players believe that past outcomes influence future results.
Loss Limit
A loss limit is a predetermined amount of money that a player is willing to lose before they stop playing. Establishing a loss limit is crucial for protecting one's bankroll and avoiding significant financial losses. By setting a limit, such as losing 20% of the initial bankroll, players can walk away before they deplete their funds. This strategy promotes disciplined gambling and helps players avoid the emotional trap of trying to win back losses, which can lead to even greater losses.
By adhering to win and loss limits, players can enjoy craps more responsibly and sustainably. These limits encourage disciplined play, helping gamblers maintain control over their finances and overall gaming experience.
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The opinions in this video are not guaranteed or warranty to produce any particular result. This video is for informational and entertainment purposes only. Any form of gambling carries an inherent risk. Never gamble with money you cannot afford to lose. Anyone who believes they, or someone they know, may have a gambling addiction, please seek help. National Problem Gambling Helpline 1-800-522-4700 Call Text or Chat NCPGambling.org

[@rogerl8488]

Thats what i do i like to win 100 an walk since i am 15 min from a casino... take 300....

[@thecrapscoach]

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