Entanglement generation by means of microcavity exciton‐polaritons is an interesting application of the peculiar properties of these half‐light/half‐matter quasiparticles. In this paper, we theoretically investigate their luminescence dynamics and entanglement formation in single, and double cavities. We discuss the selection rules for polariton–polariton scattering in double cavities, and evaluate a number of possible parametric scattering schemes in terms of entanglement in the polarization degree of freedom, and identify the ones that are experimentally most promising.