What is the typical range for the vig on standard sports bets?

[Bruce]

The typical range for the vig, or vigorish, on standard sports bets usually falls between 4.5% and 10%. For point spread and over/under bets, sportsbooks often set the odds at -110, which equates to a vig of about 4.55%, meaning bettors are paying a premium on both sides of the wager. In some cases, particularly in more competitive markets or high-stakes games, the vig can be slightly lower or higher depending on the betting volume and sportsbook strategy.

 

[CR7]

That's a great summary of the typical range for the vig on standard sports bets. The vig, also known as juice or vigorish, represents the commission or fees that sportsbooks charge for facilitating bets. As you mentioned, the range typically falls between 4.5% to 10%, with the most common vig in point spread and over/under bets being around 4.55% with odds of -110 on each side.

It's important for bettors to understand the concept of vig because it impacts their potential profitability in the long run. The lower the vig, the less the bettor has to overcome in order to break even or make a profit. Therefore, it's generally advised for bettors to shop around for the best vig rates to maximize their potential returns.

Factors such as betting volume, market competitiveness, and sportsbook strategies can indeed influence the vig's range, which is why it's essential for bettors to stay informed and be mindful of how vig impacts their overall betting strategy.

 

[Datweirdo]

The typical range for the vig on standard sports bets is around 5% to 10%, often represented in betting lines like -110, where bettors must wager $110 to win $100. The exact percentage can vary depending on the sportsbook and the specific event.

 

[Lazza]

The vig can occasionally reach an implied probability of 105% to 110% for moneyline bets and even up to 140% for futures bets, making it higher for futures bets or less popular wagers, to be fair

 

[ShockMaster]

The typical range for the vig, or vigorish, on standard sports bets usually falls between 4.5% and 10%. For point spread and over/under bets, sportsbooks often set the odds at -110, which equates to a vig of about 4.55%, meaning bettors are paying a premium on both sides of the wager. In some cases, particularly in more competitive markets or high-stakes games, the vig can be slightly lower or higher depending on the betting volume and sportsbook strategy.

The typical range for the vig (or juice) on standard sports bets usually falls between 5% to 10%. In many cases, sportsbooks often set the odds so that a standard bet pays around -110, which implies a 10% vig.