The term maximum bet refers to the upper limit on the amount of money that a player can go to when placing a bet. The limit is set by the house and a number of factors come in to play when setting the limit for the maximum bet amount.
For example, if a casino wants to attract small-scale customers, it will set the maximum bet low. This is so that the minimum bet will be around a single figure, and even the maximum bet will not be much. It is to attract a class of players who are in it just for fun.
However, some non Gamstop casinos with no deposit bonuses will want to attract the ‘high-rollers’. They will then place a maximum bet that will entice players of high caliber to play. At the same time, it will increase the reputation of the club amongst serious big-time players.
The downside to setting a high maximum bet limit is that you run the risk of somebody getting lucky and winning the jackpot. When that happens, casino owners stand to lose the profit for that year. Normally, they would want to avoid such a scenario. When placing a maximum bet, owners have to decide between attracting high clientele and losing year-end profits.
There are specific tables within a gambling joint that allows players to make high limit bets. There are certain rules placed on joining such tables. The reason for that is that even the owners of these places have a decision to make.
They can go with low limits which would increase their earnings through craps tables etc. Or they can increase their stature by having high limit tables. But the averages as compared to low limits are less, and the risk of losing it all on one lucky strike is high. This is what separates the small casinos from the ones with deep pockets.
In short, the maximum bet is determined by a number of factors, and it is basically a ploy to attract customers. It is a subtle strategy to set the price on attracting clients. It uses principles of psychology to gauge what would attract a potential customer.
The amount that a casino chooses to set is in turn determined by the stature and reputation of the place. Additionally, it is also based on its existing reserves and the amount of risk it is willing to take. Traditionally, the bigger the place, the larger the maximum bet limit. Conversely, a small-town casino would generally not have a high maximum bet.