A method of controlling reverse thrust by a propulsion device on a marine vessel includes determining that the propulsion device is situated to effectuate a reverse thrust and determining an initial trim position of the propulsion device. An engine RPM or an engine torque of the propulsion device is then controlled to effectuate a reverse thrust, and a trim position of the propulsion device is monitored. If a threshold increase in trim position from the initial trim position is detected at an increased engine RPM or an increased engine torque, then a reverse thrust limit is calculated based on the increased engine RPM or increased engine torque. The engine RPM of the propulsion device is then controlled so as not to exceed the reverse thrust limit while the propulsion device is effectuating the reverse thrust.