Operator risk regarding to setting Min Bet, Max Bet and Max payout

hi all,

i am trying to understand why casino set min bet, max bet as "x" amount and not "y" amount, also if there a methodology out there to determine min, max bet or max payout

my only understand is that min, max bet is to prevent martingale betting system to work if there is infinite capital. so typically, it between 6 to 12x depend on the casino risk appetite.

i also come across a site (urbino) and it has a max bet analyser but unable to download it to study it.

base on some online/offline casino that i observed, some of them uses max payout of each bet type divide by the odds to roughly get the max bet.

for e.g a casino has decided to have 10 min bet and limit payout of 50k for each bet type for the game of baccarat and its side bets then it will look something like this

bet type - odds - min bet - max bet

player&banker - 1&0.95 - 10 - 50k
tie - 8 - 10 - 6,250 (using maxpayout/odds, 50k/8)

hope someone can enlighten me

Just a WAG. Wild-ass-guess...

While limiting martingale happens, I doubt that has much influence on table limit decisions. After all, if a player with an unlimited bankroll hit the table limit, they could simply move to the high limit room to continue for another few levels. Of course if he hits the limit there, he's got trouble...

I think the real reason has more to do with chip management. By that I mean, if there was a table with no maximum, and had a player playing $5 per hand, another player playing $50 per hand, another at $500, and another at $5,000, you couldn't keep a good balance of chips in the rack to handle all that different action.

By the way, I often see signs at roulette tables that say something like "Maximum of $x payout any way to a number." It's the 'any way' part that is key. It means that the total on the straight-up bet, plus splits, corners, streets, etc, cannot create a payout that exceeds the maximum payout.

They often look at the maximum that can be won by a bet and divide by the odds. Typically for the straight-up max is half the split (say £100 £200). The same sometimes happens for sidebets where the maximum odds are large (e.g. 270/1 https://www.ukcasinotablegames.info/blackjacktop3.html ) where the maximum is often £10 on a £2-£500 table.

Casinos that sweat green chips probably have a $250 - $500 table limit.
Casinos that sweat black chips probably have a $1,000 - $2,000 table limit.
Casinos that sweat purple chips probably have a $5,000- $10,000 table limit.

noted on chip management, that never came across my mind, and that could definitely applies to offline casino, for online casino, there shouldn't be any chip management concerns since computation and payout are automated. how can i delete this reply with out quote?

Quote: DJTeddyBear

Just a WAG. Wild-ass-guess...

While limiting martingale happens, I doubt that has much influence on table limit decisions. After all, if a player with an unlimited bankroll hit the table limit, they could simply move to the high limit room to continue for another few levels. Of course if he hits the limit there, he's got trouble...

I think the real reason has more to do with chip management. By that I mean, if there was a table with no maximum, and had a player playing $5 per hand, another player playing $50 per hand, another at $500, and another at $5,000, you couldn't keep a good balance of chips in the rack to handle all that different action.

By the way, I often see signs at roulette tables that say something like "Maximum of $x payout any way to a number." It's the 'any way' part that is key. It means that the total on the straight-up bet, plus splits, corners, streets, etc, cannot create a payout that exceeds the maximum payout.

noted on chip management, that never came across my mind, and that could definitely applies to offline casino, for online casino, there shouldn't be any chip management concerns since computation and payout are automated.

Quote: charliepatrick

They often look at the maximum that can be won by a bet and divide by the odds. Typically for the straight-up max is half the split (say £100 £200). The same sometimes happens for sidebets where the maximum odds are large (e.g. 270/1 ml ) where the maximum is often £10 on a £2-£500 table.

yes, at 1st i was thinking if this is another way to set max bet and they bring this concept from roulette games to side bet, or it just all part of the consideration?

1. martingale system, how many "x" fold do casino want to allow players be able to try their luck with? i have see online casino baccarat game with 15x, this allow a huge chance for martingale system players, or this might cause casino to have unstable/not consistant margin?
2. for side bet where bet placed is not common, how much risk should casino consider ? so that they will not be unlucky to have a player who win a lot winning huge odds side bet and have to wait a longer time to break even on profit?

am i correct to think this way?

Set the minimum low enough where people won't walk away from it, but high enough where you can pay your bills.

Set the maximum at about 1/50th what you are comfortable somebody winning. If you can watch someone win $25,000 before you start to squirm, set your max at $500.