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Houston furniture magnate Jim "Mattress Mack" McIngvale made history Saturday night with the largest legal sports betting payout in history $75 million thanks to the Houston Astros' triumph in the World Series.
All sportsbooks have a maximum bet, but it's not really the max bet that matters it's the maximum potential payout. This can be as much asR$250,000 at the best high limit betting sites, while occasionally, it's even higher for those who are in VIP programs.
Cash Out can be offered both on bets that are going well for you, and for bets which are not doing so well, allowing you to cash in on the favourable position for a guaranteed return, or limit your losses by closing out your position for a smaller return in instances where you think letting the original bet run might ...
Some sportsbooks offer Cash Out for moneyline wagers, point spread wagers, parlays and futures bets. The option to Cash Out is particularly useful if a bettor has a futures wager on a long shot that doesn't seem fit to finish as strong as they start.