Juice Betting
The term “Juice” is actually a slang term for Vigorish or “Vig”. In sports gambling is the amount of money or commission a sports book receives for taking your bet. Most of the time, the sports books takes a 10% cut for the amount of each wager, but the juice amount can vary from book to book and from sport to sport. For instance, most online sports book use 20% vig or juice for Baseball commission. If you don’t remove the vig or juice, you won’t know what the sportsbook actually thinks is going to happen in the game. Calculating the vig on a betting line also helps you identify those bets that are simply overpriced. For more great articles on sport betting tactics and tips, check out our guide to the sharpest strategies in the business. These sportsbooks are geared for highly active players with large bankrolls. Betting at reduced juice means an instant discount for the player; for example: At -110 odds, player A bets $110 to win. “juice” or vig, which is short for vigorish. The most simple way of explaining and understanding juice in betting is to think of it as a percentage of each bet the book charges the bettor, or if you are a poker player – look at it as a rake.
What is Juice or Vigorish or Vig?
What is Reduced Juice Betting? For many years there was an industry standard Vigorish (Juice) taken by online bookmakers under the setting of the bettor wagering $110 to win $100 on betting lines. Some online sportsbooks however have lowered that standard Juice.
The term “Juice” is actually a slang term for Vigorish or “Vig”. In sports gambling is the amount of money or commission a sports book receives for taking your bet.
Juice Betting Tips
Most of the time, the sports books takes a 10% cut for the amount of each wager, but the juice amount can vary from book to book and from sport to sport. For instance, most online sports book use 20% vig or juice for Baseball commission.
The sports book only collects the juice if the bet is lost. Conversely, juice is not paid to players on winning bets.
Example:
Betting Juice Definition
Paul bets $100 on the Cowboys. If the Cowboys lose, the Paul owes the sports books $110, because he must pay the “juice” of 10%.