The issues most people have is that they don’t know when to stop. I have numerously seen people win a lot of money and still lose everything the same moment. I think setting a winning limit is very crucial. However, you mustn’t reach that limit to be content. So in case you’re reading this, my advice is that if you set a winning limit of let’s say $100, it’s okay to stop at $80.
Setting win limits is a very important task among gamblers. Some gamblers continue their gambling activities even after receiving more winnings or bigger wins. They themselves do not know what is their purpose and there is no end to their wants. What happens with such gamblers is that they can acquire more money in a short period of time but fail to keep it. If they continue betting like this for a long time they will soon lose all their money. Just as you have to control yourself in gambling, you have to set a limit on your gambling profit or loss so that you don't lose everything.
Sorry, but I think setting a limit to the amount of money you can win on gambling is not ideal, the casino already did that for you, yeah, almost every casino out there have a set limit of amount any gambler can win, no matter how much you bet or how high you stake, there is a maximum amount of money you can win which is already set by the casino themselves.
You as a gambler, what is important for you to do is set a limit to your loss, that is, set amount that if you lose it in a day, you give up gambling for that whole day or whole week, and possibly try again the next day or next week, and discipline yourself well enough to stick to this rule.
Setting a loss limit is what will help you as a gambler not to lose more than required or necessary.
In terms of winning, the casino have already limited you, setting another winning limit by yourself for yourself is simply you limiting yourself further, this is completely not necessary if you ask me.