One of the toughest things when gambling has nothing to do with game rules or strategies - it is knowing when you should walk away from a gambling session. Unfortunately, there is no easy answer to this such as quitting after a certain number of hours as you have to factor in a number of different things when deciding on what your walk away time is. Below we shall take a look at some of these different aspects and how you can decide when you should walk away from a gambling session.
When Your Budget Has Been Spent
Common advice for all gamblers is to set up a budget so that you know what your stop lost limit is. The reason that you should do this is that it prevents you from losing more money than you can really afford to lose. How you decide what your stop loss limit is will depend on your bankroll and personal preference. For us, the perfect personal limit is 15% of our bankroll. Therefore, if we have a bankroll of £500, we quit playing as soon as we have lost £75. The good thing about stop loss limits is that they are based on something that you decided before your session. Setting up a stop loss limit is a clear sign that you are thinking with a clear head, which is always a handy thing to do when you are gambling.
When You Have Won Enough
You can also decide when to walk away from a gambling session by setting a stop win limit. With this, you simply walk away when you have won a pre-determined amount. Stop win limits are useful because it gives you the chance to walk away with some type of profit. Once again, you should think about setting your stop win limit according to your bankroll. Our personal stop win limit is 20% of our bankroll. Therefore, if we have a budget of £500, we will stop the gambling session if we manage to win £100.
When Chasing Losses
The best time to walk away from a gambling session is when you have started to chase your losses. This happens when you start making bigger wagers or playing longer than you planned in an attempt to win back money that you have lost. This is a terrible idea because you are taking even more risks after having already had a poor session. If you do this, then you could end up losing your whole bankroll in one session. When you are gambling, you need to keep your emotions in check. Yes, none of us enjoy losing money, but that is the nature of gambling and if you have a poor session you just have to take it on the chin and stop.
When You Have Reached Your Time Limit
Another way that you can decide whether it is time to quit a gambling session is when you have a reached a pre-determined time limit. The exact time limit that you set yourself can depend on a few factors, which include the game that you are playing, the amount of time that you can continue to make good decisions, as well as personal preferences.
So, let us start with the game you are playing. If you are playing a slot, you do not have to think much - all you need to do is choose your wager and push the spin button. However, if you are playing poker, you need to think more so that you make wise decisions. If you play for a long time, then you will eventually start losing your concentration and will start to make poor decisions.
This now leads us to the next point about how your time limit should be determined based on how long you can continue to make good decisions for. For example, you can know the basic blackjack strategy really well, but if you use if for six hours straight, then some mistakes will start popping into your game. You can find out how long you can hold your concentration for by tracking time when you are playing. You then have to ask yourself how long it takes you on average before the mistakes start to creep in.
When it comes to personal preferences, well this depends on how long you stay entertained for during a gambling session. If you are playing a game and you find that you are just running through the motions as you are bored, it is time for you to walk away because gambling is something that is supposed to be fun. If your gambling session has come to an end but you still want a bit of a gambling fix, then we recommend that you head on over to https://www.betcare.net/ as here you can find out all about the latest going ons in the gambling world.