Online casinos usually tend to limit the maximum amount of payment a player can withdraw from various casino games. This is usually done in two ways. The first limitation is because of limiting the total amount that can be wagered. In this way, payout ratios are fixed, hence the maximum payout is automatically fixed. The second way to limit the payout is by placing a direct payout limitation.
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The main reason why online casinos limit the maximum payout is because of the fact that they want to avoid any such situation in which they have to face unlimited liability. Suppose a player tries to wager on a very large amount of money and somehow wins the game, in such situations the online casino may have to make a payout that they have not provided for and this can ruin their financial planning. Another reason why the online casinos restrict the maximum payout is because they do not want their players to gamble beyond their loosing budget. Such limits are clearly mentioned on the casinos website and are different for different online casino games.
Some of the online casino games offer very high payouts and also directly limit the maximum payout. Casino games such as Keno fall in this category and should be tackled by players by being most careful. A variant of keno offers a payout of 100,000 for hitting all 15 numbers. The payout amount of a coin size $10 is $1,000,000. However, there is a maximum limit of a total payout of $250,000. Hence, if a player somehow becomes successful in hitting all the 15 numbers, he will only be liable to receive $250,000 and not $1,000,000. These issues usually arise when an online casino has placed a payout limit on their casino and should be thoroughly understood and resolved.
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