Over the weekend, the Houston Astros won the MLB World Series, but the big winner was Jim McIngvale (Mattress Mack), who took home a USD 75 million payouts from multiple sportsbooks by betting on baseball and the World Series winner.
If you don’t know Mattress Mack, that’s understandable, considering he is an American businessman and avid sports bettor. He is known for his extravagant bets on sports and the deals he offers his customers at his retail store, Gallery Furniture.
How Did Mattress Mack Receive His Winning Sports Bet?
Mattress Mack had to place multiple bets with several domestic sportsbooks to receive the biggest payout in sports betting history. His biggest gamble was $3 million with 10-1 odds at Caesars Sportsbook.
Mack also had a payout of $10 million from Penn’s Sportsbook Barstool. Mack said he also had several other bets on the Astros to win it all at Wynn Sportsbook and BetMGM.
Do Online Sportsbooks Payout Millions?
No, legal online sportsbooks in the Philippines do not pay out millions for one bet and have a limit on the amount you can wager. Betting limits are in place with online and domestic sportsbooks to protect them from going out of business.
Online sportsbooks pay millions to numerous bettors, but BetOnline’s sports bet payout limit is $100k for cryptocurrency payouts. Courier checks and other deposit methods also have a max payout.
Is It Legal To Bet On Sports Online From The Philippines?
Philippine gambling laws allow Filipinos to wager on sports online from licensed sportsbooks from trusted gambling jurisdictions. It is suggested that PH nationals only gamble at online sportsbooks that are licensed and hold compliance records to ensure that they follow standard practices and that they are safe to play.
Unlicensed sportsbooks that operate online are known for shady business practices and often close accounts for no reason or refuse payouts. We created our trusted sportsbook reviews guide to help you navigate the junk you find online. The sports betting sites we suggest all accept Philippine nationals, offer lucrative bonuses, alternative deposits, payout options, and hold legal licenses and compliance records.
