Cavitation is the culprit!
The problem may be that you have a standard outboard and not a "sail drive!"Most outboards now have the exhaust port through the center of the props, or through a port just above the prop but below the cavitation plate. When the motor is put in reverse, a "cushion" of exhaust bubbles forms around the blades and the blades no longer can "bite" into the water. You basically have no way of stopping or going backwards at higher speeds. With a power boat this is not much of a problem because when they come off plane, they settle into the water and stop. With a displacement hull, by design, never comes off the plane, the forward progress continues long after the motor is shut off.What you need to do is to drill a number of holes (I drilled 7, 1/4" diameter holes on each side) above the cavitation plate into the exhaust shaft. Just take the lower unit off and check where the exhaust shaft is, usually towards the back, but some new "off shore" motors have it in the middle of the shaft. Get a piece of stainless or aluminum sheet about 1/8" thick, cut to fit at the bottom of exhaust shaft in the lower unit and "glue" it into the lower unit exhaust shaft on the inside. You may have to drill 3 very small holes with self tapping screws to hold this in place. Use high temperature silicone gasket-in-a-tube to seal and "glue" in place. This should do the trick. Of course, you can always take it to your local marina and have them make the "sail-drive" conversion for about $300.00. Your choice.Best of luck!