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With 500 CCA batteries, you have a potential for 2000 amps for just a second at full discharge (read short circuit).
Way more than enough to weld with, and definately enough to start a serious fire. You can also blow a battery, and in the right circumstance, kill yoursely.
Be careful! I would...
Safer setup. If you're pulling a lot of amps, you can slag down battery terminals. I have seen golf carts puddle the terminals on top of the batteries, especially if a connection is slightly dirty.
This way you are making 2 banks of 24 volts, and running them in parallel. You end up with 2...