High Limit sports betting

I was wondering, when sports bettors make huge bets (a la Floyd MayWeather) where the money they bet is >$100k and the payoff could reach 7 figures:

1--What security do you think they implement to ensure they do not lose their ticket?

2--Is insurance on the ticket available (perhaps from say, Lloyd's of London) where you could insure yourself from losing the ticket by taking insurance on the payoff amount? or, at least, the value of the wager on the ticket?

All sportsbooks for amounts that high will require a players card to make the bet. Lost tickets can be tracked by the players card number.

Even if you make a $10 bet, and lose it, all sportsbooks will do the work for you and find it in their system. If you have any recollection of the timeframe made, what the bet was, amount, what ticket writer, etc, they can and will find it for you.

Quote: SM777

All sportsbooks for amounts that high will require a players card to make the bet. Lost tickets can be tracked by the players card number.

Even if you make a $10 bet, and lose it, all sportsbooks will do the work for you and find it in their system. If you have any recollection of the timeframe made, what the bet was, amount, what ticket writer, etc, they can and will find it for you.

That is good to know (although I am not going to be making any wagers of that size)
So, the player would have to produce the player's card and ID along with a ticket of that size?

Quote: aceofspades

That is good to know (although I am not going to be making any wagers of that size)
So, the player would have to produce the player's card and ID along with a ticket of that size?

Yes, definitely.