Yes. Because we all know that gambling is a very risky strategy that a person will face. So that in strategy of setting limits are one of the best way in order to control your money and to overcome the greedy attitude and to know wheter you will be winning or losing.
Exactly, everybody will become greedy in the form of winning and losing. So it is best to people who are gambling because without limitation it is not possible to control our emotions whether it is a winning situation or losing situation.
Limits on how much money we can afford to lose and keep it in that way would at least reduce the possibility to get the worst result, losing a lot or even going bankrupt in a single gambling session only.