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Thanks ChrisO.
We have a webinar that has been created by someone who no longer works with us, it appears to be limited to 20 participants. I was hoping if I figured how to limit the number I would be able to increase the participant number. We have a licence that allows for 500 so this isn't the issue.
I stand corrected. I just found a way to limit registrants. You have to require registration. After creating the webinar, click on the webinar under My Webinars. Scroll to the bottom and click Edit to the far right side of registration settings. Inside the pop up there is an option to restrict the number of registrants.

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