I have encountered it many times before, and I've never seen it resolved as it was on your table. People could only ever win or lose table max; the casino did not take a losing overbet, or pay one.
I agree. The casino should not pay the overbet. If the player could get the extra $500 in the event of a win but ask that the $500 be returned to him in the event of a loss, then he'd be free rolling.
When player's hand loses the dealer might still not notice the overbet and the entire wager ends up in the rack. Conversely, if the player's hand wins, the dealer can say, "Oh look! You overbet. It's house policy we only pay the table limit."
Now it's the house that's free rolling.
Over betting the table max is not rare by angle shooting players. They get by with it once in awhile *IF* they're big players. Try it too many times and get paid, they're 86'd.
If it's an honest mistake and you win, complain loudly enough long enough and you'll get paid.
Did sit down to play with a dealer I'm friendly with a few months ago. Lost several min bets of $15 in a row, then won one. She started to pay me $25, then paused. Then she pointed to the sign showing this was a $25 min table, paid me my $15, and shook her finger at me in a joking manner. It was rather funny at the time. That is usually a $15 table, and she's usually dealing at $15 tables ;-)
Unfortunately I went on playing at that table instead of moving to the next table over. I would have lost less....
Many times I have gone over the limit- a lot of time the dealer will call out pay or take table Max which means exactly what it says. If you win they pay max if you lose they take max. That being said I have also gone a hand or two playing over and gotten paid and had he opposite happened as well, I have had this happen the most in baccarat side bets when a count is high and I place two much on the side- one time I was paid for a decent amount on the panda nine 4K. All others that it happened it was pushed back
Not looking to hijack this thread but I am intrigued. You were counting cards in Baccarat????
What sort of counting system would one use (similar to blackjack, levels 1, 2, 3 or more), and where can I find/read more information on this tactic?
I hope this helps. Replies are appreciated of course!