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Choose Your Stake Amount: A good rule of thumb is to bet no more than 1-2% of your total bankroll on any single wager. This prevents losing your money too quickly on a short unlucky run. If you lose that $100, the session is over. For example, if your monthly bankroll is $400, you might decide to play several times, with a smaller limit for each outing. If your session bankroll is $100, your individual bets should be in the small vicinity. Protect your bankroll by setting a loss limit, and protect your winnings by setting a profit goal and having the discipline to walk away when you reach i Set Win Targets and Stop-Loss Orders: Discipline is a two-way street. 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