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Why do casinos have a maximum bet limit on EVERY game they offer?

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casinos face no risk of a large loss against someone playing a martingale.


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100% wrong.

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No you're 100% wrong.

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Actually, the guy who said 100% wrong the first time was right. There are some ultra rich people who like to gamble and gamble big. They have been known to put the scare into casinos because of the sheer size of their bets and the facts of probability and standard deviation.

There is one Australian gambler in particular who within the last few years actually broke the bank of any overseas casino and shut them down until they could get a fresh infusion of cash.

There are several super-whales around the world that love to gamble for huge money. The casinos love their action because they will end up ahead in the long run. But the short term fluctuations can be significant enough to give any casino manager heartburn. We're talking about people who gamble well into 6 figures on every bet. So simple probablility makes swings of +/- many millions of dollars per hour very likely.