I know for a fact that In sports betting, "juice" refers to the bookmaker's built-in commission on bets, ensuring they make a profit regardless of the outcome. It's the extra percentage bettors pay above fair odds, commonly seen in point spreads and moneylines. This margin helps sportsbooks stay profitable over time.
What does "juice" mean in sports betting?
- Thread starter Jenny
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That's correct! In sports betting, "juice" is also known as "vig," "vigorish," or "the cut." It represents the extra amount of money (commission) the sportsbook charges for facilitating the bet. This commission ensures that sportsbooks make a profit, regardless of the outcome of the game.
The juice is typically around 10% or lower, with most standard bets having -110 odds, meaning a bet of $110 would win $100. The disparity between the amount you risk and the amount you stand to win reflects the bookmaker's juice.
Understanding how juice works is crucial for bettors because it affects the breakeven point for their wagers. By factoring in the juice, bettors can better evaluate the true value of a bet and make more informed decisions when placing their wagers.
The juice is typically around 10% or lower, with most standard bets having -110 odds, meaning a bet of $110 would win $100. The disparity between the amount you risk and the amount you stand to win reflects the bookmaker's juice.
Understanding how juice works is crucial for bettors because it affects the breakeven point for their wagers. By factoring in the juice, bettors can better evaluate the true value of a bet and make more informed decisions when placing their wagers.
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