All About Roulette Maximum Payout Limits
At a Glance:
- Roulette online is loads of fun and simple to play and highly popular.
- The most popular variation is American Roulette, but there are several types.
- Learn the game at free tables first before spending money.
- Take time really master the rules.
- Find out how live and online games of roulette are different.
Plenty of gamblers, in Canada and elsewhere in the world, have been caught out by maximum payouts at roulette tables or other casino games. In fact, it's one of the worst nightmares every punter has; you place your bets and, against the odds, win a huge sum of money only to be told you're not going to receive all of it at once or, sometimes, at all.
The issue isn't actually as confusing as it seems because, as long as you follow the maximum and minimum position limits, you won't have a problem with maximum payouts. Barring a few smaller casinos, it's very unlikely that you'd want to wager more on an inside bet than venues will allow you to do so anyway.
You should note that, as well as minimum and maximum position limits, some tables might enforce a table limit. This means that the sum of all of your bets must adhere to that limit.
The Reason For Maximum Payout Limits
Maximum payout limits are designed to protect the casino. If a player was able to wager a very large sum of money, say 50,000 C$ on an inside bet, they could stand to win almost 2 million C$. It's true that both online and offline casinos of a certain size are used to dealing with transactions of this size, but the fact that they can't prepare for these payouts–in the way they can with slots–means it's easier for them to impose a limit instead.
You may wonder exactly how likely it is that a high roller would enter a casino and start laying down such large sums of money on a single number at a roulette table. We're inclined to agree but we don't make the rules, so the limits remain in place nonetheless.
What Happens If You Exceed Maximum Payout Limits?
If you place a wager larger than the table's maximum payout limit and the dealer fails to stop you, your winnings will be capped at a certain figure. For example, if you wager 250 C$ on a single number and the maximum payout limit is 7,000 Canadian Dollars that's all you'll receive even though your actual winnings should be 8,750 C$.
Most players would still be over the moon making 7,000 C$ on a single spin, but the point remains that you should watch out for maximum payout limits so you don't end up throwing any of your money away.
"One can learn roulette in minutes, but it takes years to truly master this game with so many betting styles, options and strategies."
Are Maximum Payout Limits Always The Same?
No, they aren't. Maximum payouts can vary depending on where you're playing, whether you're playing online or in a bricks and mortar venue and whether you're playing American, European or French roulette.
It's also worth noting that maximum payout limits refer to individual players and not the entire table, so there's no need to divide the figure by the number of players at a table or anything like that.
Maximum payouts raise a lot of questions with new players, which is why you'll usually see both online casinos and Canadian venues talking about minimum and maximum bets instead. These are more straightforward to understand because they don't require any mental arithmetic like dividing by 35 to figure out how much you can safely bet.
In a nutshell, it's worth a glance at the chart that outlines maximum payouts/bets but it's very unlikely that these will hinder casual players and will only have a big impact on your betting style if you're a high roller. And if you're one of those then there's a good chance you already know your way around the rules of the casino!