What is Stop Loss or How to Stop in Time at an Online Casino

Gambling for money always involves risk, and betting on slot machines is no exception. Visitors to virtual casinos can win cash prizes or lose their deposits on video slots. The likelihood of winning depends on choosing the right casino, game, bet sizes, bankroll management skills, luck, and the player’s emotional stability. To avoid gambling addiction, enjoy betting, and profit from it, one should follow simple rules.

How to Reduce the Likelihood of Losing

Slot machines are software products that operate on a random number generator. All players have an equal chance to win cash rewards. However, some gamblers lose their deposits, become disappointed with slots, and consider casino betting to be fraud and deception. This opinion is incorrect. Casinos profit from customers’ losses, which is the essence of the gambling business. However, modern online casinos use verified licensed software. Therefore, the result of each spin is random, and neither gamblers, casinos, nor software providers can influence the outcomes. To reduce the likelihood of losing on video slots, follow these recommendations:

  • Play at reliable, licensed clubs;
  • Choose machines with a high return-to-player (RTP) percentage;
  • Carefully read the rules of the game model;
  • Test the slot in demo mode before starting;
  • Allocate a specific bankroll for the session;
  • If luck is not on your side, take a break from the game;
  • Avoid chasing losses and keep your emotions in check.

Players have a mathematical advantage over the casino – the theoretical RTP percentage. However, the casino also has an edge. With prolonged betting, the casino will eventually profit, and the gambler will lose. Therefore, it’s essential to know when to stop.

What is Stop-Loss in Online Casinos

The concept of stop-loss is more associated with trading than with gambling. In currency trading, this term literally means “stop losses.” A Forex trader sets a limit on the amount of money they can afford to lose if the market declines. Applied to online gambling, stop-loss means “stop losses” and quit the game during an unsuccessful session if a certain loss limit is reached. How to use stop-loss on slot machines:

  • Allocate a bankroll for betting;
  • Set an acceptable loss limit;
  • Use no more than 10% of the bankroll per session;
  • Decide on the bet size per spin;
  • Assess the session’s outcome;
  • Stop playing upon reaching the stop-loss limit.

If a gambler is losing and the losses reach the set financial limit, they should stop immediately. The next spin might bring a win, but the likelihood of losing the entire deposit is much higher. Following the stop-loss rule helps reduce losses on slot machines. You can set a stop-loss not just for one session but for a day or week.