Glossary · strategy
Stop-loss
A pre-set amount of loss at which you end the session.
In context
It caps the worst case and stops the session before chasing begins. It does not change the expected lossmathExpected lossExpected value times total amount wagered; the average amount lost over a session or a period.Read full → per dollar wagered; it changes how many dollars you wager.
Did you know
Of all the “systems” discussed on this site, a stop-loss is the only one with a measurable effect on your results, because it is the only one that reduces turnovermoneyTurnoverThe total amount wagered over a session or period, counting re-bet winnings. Also: handle, action.Read full →.