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a good gambler know when to stop
Setting a limit is very important in gambling, setting a lost limit will prevent you to over spend your money and setting a win limit is also important because in the long run the house got a bigger chance to win due to the house edge ~
I agree that setting a lost limit is very important. From my experience, I often go over that limit, but still, if it's set, I usually don't spend much above it, definitely not more than I can afford to lose.
As for the win limit, I disagree. To be honest, I can't even imagine how that should work. Say, you won $1,000. Should you never gamble again, or should you just change the house(or, the platform)?