How does the juice affect the odds of winning a moneyline bet?

[Mike_25]

The house edge on moneyline bets is called the "juice". The juice is what the sportsbook makes when handling bets. To me, the juice makes winning moneylines hard as it increases the stake needed to win the same profit. For example, a -150 favourite needs a $150 stake for a $100 win. So the juice appears to increase the odds needed to win moneyline bets. What do you think? Does the juice affect your moneyline bets odds and by how much?

 

[Crazy_winner]

By marginally modifying the odds in their favor, the juice enables bookmakers to maintain their profitability. It implies that in order to turn a long-term profit, gamblers must beat the juice. To optimize possible returns, it's critical to take the juice into account when comparing odds across multiple sportsbooks and to search for the most advantageous odds with the lowest commission.

 

[Lazza]

Because the potential payout is greater than the amount risked, the juice is reflected in the odds. Hence, you have a better chance of winning than you wagered. For instance, you would win $200 if the underdog had moneyline odds of +200.

 

[swift]

I feel The juice, also referred to as vigorish or vig, is the commission or fee charged by bookmakers for accepting a bet. It's usually expressed as a percentage of the wagered amount, and it represents the bookmaker's profit. i think tho i

 

[Killman2002]

The juice is an important factor to consider when making a moneyline bet. It can affect your chances of winning and how much money you will win or lose. It is important to shop around for the best odds before placing a bet, and to understand the juice before you make your wager.

 

[Akuta]

In sports betting, the "juice" or "vig" (short for "vigorish") refers to the commission or fee charged by the bookmaker for accepting a bet. It's typically expressed as a percentage of the bet amount and is added to the odds to determine the actual payout.

In the context of a moneyline bet, the juice affects the odds of winning in the following way:

1. **Reduced payout**: The juice is subtracted from the total payout, which means you'll receive a smaller payout than the actual odds would suggest.
2. **Increased risk**: The juice increases the risk of losing, as you'll need to win more frequently to break even.

For example, let's say you're considering a moneyline bet with odds of +150 (meaning a $100 bet would win $150). However, the bookmaker has a juice of 10%, which means they'll take 10% of the winnings as their commission.

To calculate the actual payout, you'd subtract the juice from the odds:

+150 (odds) - 10% (juice) = +135 (effective odds)

This means that if you bet $100 on the moneyline at +150 and win, you'll actually receive a payout of:

$100 (bet) x +135 (effective odds) = $135 (payout)

As you can see, the juice reduces the payout by $15 (from $150 to $135). This is why it's essential to consider the juice when evaluating moneyline bets.

**Key takeaways:**

1. The juice reduces the payout by subtracting a percentage of the winnings.
2. The juice increases the risk of losing by requiring you to win more frequently to break even.
3. When evaluating moneyline bets, consider both the odds and the juice to determine the actual payout.

Keep in mind that some bookmakers may offer different juice rates for different types of bets or sports. It's essential to understand the juice and how it affects your potential payouts before making a bet.