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SabreBetrics

Joined: 08/26/2021 Posts: 72
Likes: 47


A good question!


Definitely not something you would expect non-sports bettors to know. That's what's known as the "juice" or "vig" in the sports betting world. It's essentially the fee taken from the sports book for placing your wager. Easiest way to think about it:

-110 means that you would need to place a bet of $110 to make $100
+110 means that a bet of $100 would net you $110

Sportsbooks modify these numbers to ensure they even out the amount of money taken on both sides of the bet. So, if everyone starts placing a bet on one side, they could change the number or change the vig to make it more/less valuable to bet on.

Hope that helps!

(In response to this post by hoos73)

Posted: 08/29/2021 at 10:37AM



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Current Thread:
 
  
Introducing SabreBetrics -- SabreBetrics 08/27/2021 08:18AM
  A good question! -- SabreBetrics 08/29/2021 10:37AM
  Blame Kris -- SabreBetrics 08/27/2021 11:29AM
  Not a bad bet if you can get it at 9.5 -- SabreBetrics 08/27/2021 11:27AM
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  QB play, best qb since 2004 -- hooman#1 08/27/2021 12:44PM
  Love this idea (despite it not being allowed...yet) -- SabreBetrics 08/27/2021 09:42AM
  NIL can't come from betting money -- HoosYourDaddy003 08/27/2021 09:16AM
  Correct -- SabreBetrics 08/27/2021 10:36AM
  The Clemson QB is going to be in Fansville this Season. -- jdubforwahoowa 08/27/2021 09:40AM
  No need for offshore. Sign up for FanDuel. -- HooDoggy 08/27/2021 1:06PM
  Yeah, it is dumb! ** -- hooman#1 08/27/2021 1:39PM
  True. Guess you still need Bovada for that. ** -- HooDoggy 08/27/2021 1:09PM
  God bless you, friend! ** -- CDCHoo 08/27/2021 09:01AM
  Awesome! We typically have a thread or two on this -- hooman#1 08/27/2021 08:27AM

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