This is sports betting 101. When you place a sports bet, the sportsbook charges a fee known as “vig” (short for vigorish) or “juice.” This fee is built into the odds. Understanding how it affects your potential profit is crucial for long-term success in sports betting. Sportsbooks adjust the odds based on the amount of money on each side. They also consider if professional bettors have wagers on one side.
Sports Betting 101: The Impact Of Vig On Profitability – Handicappers Hideaway
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