Originally Posted by Alan Mendelson View Post
Arc, you focus on the winning... but what about the tight loss limits or stop losses? I have a set "loss limit" each time I go to a casino -- and that loss limit is my entertainment budget. When I start winning, as happened last night on the "hot machine" I raised my "stop loss" so that I would always preserve part of my profit.

After the royal I still had $350 on the machine, and I continued to play but my "stop loss" was now that $350. First, I "played off" the royal, and luckily was dealt a pair of aces, which did not improve. I cashed out. What I did was take that $350 to a $1 game where I played for about ten minutes and broke even again. Then it was time to go home. And when I got home my wife was about to leave for work and this time I didn't hide the win. I even showed her the check and then we negotiated the "wife tax" I would have to pay. LOL
Stopping at a set playing limit is just as important as quitting at a set losing limit-just my thoughts.