The coalition promised to introduce a voluntary scheme before winning power last year.
On Friday it released a discussion paper canvassing topics such as whether limits would be set at gaming venues or through a telephone line or website and whether gamblers
will be able to increase or decrease them.
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Gaming Minister Michael O'Brien said responses to the discussion paper would inform the state government's decision on a preferred pre-commitment model to be implemented in Victoria.
"Pre-commitment helps gamblers to retain control of their gambling and empowers them to set their limit before they start gambling, while providing real-time information during play," he said in a statement.
As part of a deal with independent MP Andrew Wilkie to form a minority government, federal Labor is moving to introduce a mandatory pre-commitment scheme by May 2012, which is fiercely opposed by the registered clubs movement.
Mr O'Brien said the Victorian government remained opposed to a national compulsory pre-commitment scheme.
"The coalition government does not believe that players should be forced to sign up for a pre-commitment card in order to play a gaming machine," he said.
"While problem gamblers who do not want to modify their behaviour will be the first to sign up for a compulsory card and set a high limit, such a system will deter the vast majority of
casual, responsible players."
The Victorian government wants to introduce its scheme by 2015-16 at the latest, which is after the next state election.
Submissions on the discussion paper, which is available on the Department of Justice website, close on December 2.
After considering the submissions, the government will announce its preferred model and seek public comment in 2012.
