What You Need to Know About the Sports Betting Vig
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- Category: Sports Betting
- Created: Saturday, 27 June 2020 18:46
When learning how to be a successful bookie, one lesson you should learn is about the sports betting vig. Some people know it as the juice or the sportsbook’s cut. It is where your profits will come from.
When using a pay per head for bookie software, it automatically places the vig into the lines. That means you’ll earn money no matter how the game ends. That’s why it is vital you know how to compute the vig even if the technology does it for you.
For example, a spread with -110 means bettors wager $1.10 for a chance to win $1.00. Betting $110 will earn them $100 if they win. The $10 is the bookie’s cut from the bets. As you can see, you can make money even if players win.
Adjusting Sports Betting Vig
There are situations where you need to adjust the vig. According to sportsbook reviews, the industry standard for the juice is ten percent. However, there are situations where you need to decrease or increase your cut on each wager.
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