I will take the slight wobbles out of a wheel easily. Turn the bike over and use the brake blocks or a marker taped to the Chainstay or fork to get the adjustment right. Works for me and I have even taken some bad wobbles out in this manner. But 3 retrues and the wheel is into the bike shop to let the wheel builder sort it out. Might aswell let the expert do a job easily than me struggle and still leave a problem in it.

But it is not only wobbles that occur. Gradually a wheel will lose spoke tension and that will make for "Loose" wheel that is more prone to damage. I ride an extreme bike that has to take a lot of weight and knocks and I have BombProof wheels on it. Hope Big un hubs and full downhill spec rims with 36 spokes. I also have two sets of wheels for this bike as I never know when a wheel will go "Off". Had this happen last year and put the spare set of wheels on it. The wheels coming off the bike did not have a wobble in it- but the ride felt floppy. Checked the spokes and the tension had gone out of them. Every spoke when twanged had a duller ping to it and some were even a thud. Took 18 months and about 3,000 miles for that to have happened since the last rebuild.