If you go to almost any casino that is online or land based, you will find that practically every table will have minimum and maximum betting limits posted. These are called the table’s stakes. For example, if you see that a table has a sign on it that says the table has a minimum bet of $5 and a maximum of $10,000, you can bet anywhere between $5 and $10,000 at a time on any one bet. But why do casinos limit what you can bet at all? If the games are skewed in such a way that they favor the casino in the long run, what difference does it make to the casino what the maximum bet on the table is? It all comes down to making money. While casinos are in the business of providing entertainment for their patrons, they are primarily in business to make money. Have you ever walked around Las Vegas and were awestruck at how glamorous the city has become? All of the opulence of the newest mega-casinos was built on the profits made from losers at the casinos. The bottom line is that maximum and minimum limits exist in order to control how much money you can possibly win from the casino.
Before the mid 17th century, the mathematics behind gambling and games of chance had not been formulated. People would assume probabilities and their odds based on their feelings. However, as mathematics became more evolved, the theory of probability was worked out. Now, it was possible to understand the true odds behind events, which allowed both the gamblers and those making money off of gamblers to know how to create the rules of the game in order to maximize profit.
Gamblers that were looking to beat the system found that it worked out into the gambler’s favor if he kept doubling his bets for a long period of time. For example, the gambler might bet $100 on the first bet. On the next bet, he would double the bet to $200. Then he would double it again to $400 and so on. Over time, the odds of him losing every small bet will become very small and the chance that he will win big increases quickly. By doubling the bets in this manner, it is possible to win over a million dollars in less than 12 hands! Of course, a gambler would need to have a very large bankroll, but when funded well enough, it is possible.
Thus, casinos have implemented maximum table limits in order to hold into check the amount of times you can double your bets. If they let you keep doubling your bets for too long, it is only a matter of time before you win a big one, which will more than make up the losses that you have incurred up to this point. The last thing that the casino wants you to do is to win big and then walk away from the computer.