A common expression in parts of Australia to motivate someone (Example 1).
The expression is also used as a compliment for good performance (Example 2).
The origin of the expression is a campaign by Responsible Wagering Australia (RWA) to encourage people to set a deposit limit as part of a more responsible approach to betting and gambling.
Example 1:
A: I can't concentrate, I lack motivation.
B: Come on, set a deposit limit!
Example 2:
A: I came first in the table tennis tournament.
B: Oh wow, you definitely set a deposit limit!