Your Loss Limits at Slots

This is probably the most important thing one will ask you to do upon entering a casino.

It is setting Loss Limits. That means putting a limit on the amount of money you will lose at every single solitary machine.

It is a stopgap move that cuts losses and minimizes your chances of getting whacked in a casino.

Sure, you're gonna have cold days, losing days, frustrating days, choppy days. That's all part of gambling. If you can't accept the fact that you will have losing days, then you're kidding yourself.

These losing days are gonna come and nobody can predict when or how often, but they'll come.

Even the best players in the casino still lose anywhere from 30% to 35% of the time.

The key is that on these days when they are losing, they minimize their losses by cutting back, leaving cold tables or cold machines and putting a limit on the amount of money they will lose at any session.

Unlike the table games, the Loss Limit is exactly the same as the Win Goal, at least 60%. That means you don't have to tax your mind with another number to remember. Sixty percent Win Goal, sixty percent Loss Limit.

Notice that the word Goal was used when you set your Win amount, because when you reach that goal it is not a stop or limit on your play. It is just a point when you can rat-hote a profit and continue on with 50% of that 60% Win Goal.

Ah, but the Loss Limit is a flat-out stopping point. You cannot spend one single, solitary, lousy, extra quarter. The instant your Loss Limit has been reached, you are gone, baby, gone.

The 60% Lose wraps up the Session and the balance of your Session money is pocketed, never to be touched again that day.

Suppose you broke your $200 Bankroll into 20 Sessions of $10 each and lost 60% of that $10 (six dollars). You take the balance of that $10, which is $4, slip it away and don't touch it until you reach home.

Realistically this doesn't mean that a $200 starting Bankroll will never exceed a total loss that day of $120, even if you lost all 20 Sessions.

Since the extra $4 from those 20 losing Sessions is all stuck away, you have $80 with which to start your next Bankroll.

It is absolutely mandatory that you do not exceed the preset Loss Limit of 60%, but that doesn't mean you can't reduce that Loss Limit to 50% or 40% or 30% or whatever figure you choose.

Now, either make up your mind to accept Loss Limits and set Win Goals, or else everything you've learned will be merely information, with no rock upon which will allow it to perform.

You can build a beautiful home in a swamp and eventually the foundation will pull that gorgeous home right under. Unless you have the backbone to build a strong gambling foundation, skill and knowledge won't or can't carry you.

It all starts with setting Loss Limits and if you got the guts to set them.