Setting the money that you are going to spend on gambling is important to control the greediness that you do have every time you are doing gambling, and if you already lose the money that you have set, then just accept that fact that you are not lucky that day and try again the other day. In this way we could minimize the lose that we could have in a day that we are going to gamble.
Setting up some limits is easier like 1-2-3 but stopping gambling within that limit is like climbing up Himalayas. You may not find your success that easier. I do see two types of gamblers are following those limits more easier : 1. Pro gamblers 2. Newbie gamblers. If you notice, these two types of gamblers are not into addictions yet or tackled addictions effectively.
A gambler must understand the benefits of setting up limit and following them strictly :
1. When we are stopping gambling within limit, we will never get gambling addictions.
2. Limiting gambling activities will result in limited losses.
3. Limiting ourselves will gain control over our emotions. Emotion control is the key everywhere.