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Glossary

Stop-loss

What does "Stop-loss" mean in sports betting?

A preset amount you can lose in a day, week or month. Hit it and you stop betting until the period resets.

Set it before your first bet, in units, so it scales with your bankroll. Count settled losses plus money still riding on open bets, net of wins.

Many sportsbook apps let you back it up with a hard limit. Deposit, wager or loss limits block you once you reach them, and raising a limit usually comes with a waiting period.

Example

With a $500 bankroll and a $10 unit, a 5-unit daily stop-loss is $50. Lose three one-unit plays and one two-unit play and you're at $50. You're done for the day.

Sources
  1. FanDuel Sportsbook: Self-service responsible gaming tools

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