The golden rule of professional gambling is simple: Protect your bankroll. Setting arbitrary limits (e.g., “I’ll stop if I lose $50”) often leads to frustration if the limit is too tight for the game’s volatility.
Our Stop-Loss Calculator uses standard deviation to suggest “healthy” limits. These limits allow for normal game swings while protecting you from statistical anomalies (extreme bad luck).
How to Use the Stop-Loss Calculator
This tool calculates limits based on the “2 Standard Deviations” (2SD) rule, which covers 95% of statistical outcomes.
- Total Bankroll: The money you have set aside for this session.
- Game Type: Select your game. Slots have high volatility (need wider limits), while Blackjack has low volatility (tighter limits).
- Avg Bet Size: Your standard stake.
- Session Time: How long you intend to play (in hours).
- Get Your Limits:
- Stop-Loss: The point where bad luck becomes “statistically significant,” and you should quit to save funds.
- Take-Profit (Stop-Win): A reasonable goal to lock in winnings before the House Edge eats them back.
Why Use Statistical Limits?
If you set a Stop-Loss of $20 on a volatile slot while betting $1, you will hit that limit in minutes just due to normal variance. You won’t have fun, and you won’t have a chance to win.
By using this calculator, you ensure your limits are aligned with the math of the game, giving you enough “breathing room” to play while still preventing a total bankroll wipeout.
Frequently Asked Questions (FAQ)
What is a Stop-Loss?
A Stop-Loss is a pre-determined amount of money you are willing to lose in a session. Once you reach this number, you stop playing immediately. It is the most effective tool against “chasing losses.”