Sometimes setting limits in gambling can be more difficult to do in practice, especially if a person feels the urge to continue playing in the hope of getting bigger wins. Such feelings can increase the risk of financial loss if we cannot control ourselves and manage our finances seriously.
we need to develop self-discipline and strictly follow established limits, and being able to recognize the signs when the desire to continue gambling becomes excessive can help prevent getting trapped in a detrimental gaming pattern. If we have a deep understanding of the risks of gambling and by sticking to wise financial decisions, we can reduce the risk of unnecessary losses.
Not just some, limit setting is very necessary at all time and that is the reason most of us already have that limit setting mechanism even before we start gambling and for as far as I know, leaving yourself to gamble without limit make us more vulnerable and unable to pull out their self when their already going to much into the gambling space and on a serious note, if you leave yourself to gamble without any form of restriction it will definitely lead you into addictions that you may fine hard to control or contained at a certain amount point in time.
Another approach to stay safe while gambling again is the ability of the gambler to only allocate a fraction of their total money in gambling, this may sound like limit seeing too but differs since this has to do with financial restriction, by limit on the other hand have to do wrh the time you spend to gamble on daily, so this two are different.
yeah, I agree with the both of you, Limit setting comes in different forms, and the two type or ways a gambler can limit themselves is what you have already mentioned, setting gambling limits either way will always seem appealing in the mind of a gambler, but in reality, just like Klidex said, is something that is really hard to adhere, the only Saviour would be if the gambler is a very disciplined person.
Imagine setting a limit that you would not lose more $50 to gambling in a week, and in just one or two days, you have lost that amount of money already, and there is a sports game coming up by the weekend which also involves your favorite team playing, you fight so hard to resist the urge to want to risk some extra funds to put up some bets, and to even make it more tempting, you are very sure the you would win because the team your favorite team is playing against is a weak team.
So yeah, it is actually very easy to set limits, but it's pretty hard to follow it, as following the limits will require a great deal of discipline, without it, it is absolutely impossible.