All sportsbooks have a maximum bet, but it's not really the max bet that matters  it's the maximum potential payout.

Any gambling winnings are subject to federal income tax. If you win more thanR$5,000 on a wager, and the payout is at least 300 times the amount of your bet, the IRS requires the payer to withhold 24% for income taxes.

Most of the time, you won't find it there because Google rarely allows any gambling apps on its platforms. To cope with this problem, some of the leading gambling companies decided to create an apk file. Punters who want to use the app need to download and install this apk file, which usually takes a couple of seconds.