In the example above, if a large majority of the bettors sided with the Bucs, the book would react by either altering the spread to 3.5 or 2.5 or decreasing the Bucs’ odds to encourage more action on the Chiefs.īy doing so, the sportsbook aims to even out their risk so that they can profit regardless of the result. If they take an equal number of bets on each side, then they don’t have to worry about one side carrying more risk than the other. But in that case, the sportsbook wouldn’t be guaranteed a slice of the cake.īecause juice guarantees a profit, sportsbooks ideally prefer the betting action to be balanced or as close to balanced as possible. If the books were fair and wanted to offer you odds reflective of the probability, the odds would be +100. Any bettor who wants to win $100 on either side of the bet needs to risk $110, so the additional $10 roughly translates to a 10% cut. The NFL betting odds (-110) clearly show you the vig. In both, you’ll see that the odds on either side are always -110. The easiest way to spot juice is on point spread bets and game totals. Juice also commonly goes by the name vigorish or the vig. The additional $10 charge in such an example can be referred to as the juice. So if they were the ones offering you the above coin toss wager, you’d find that instead of risking $100 to win $100, a sportsbook would make you risk $110 to win $100, even though the probability of the coin landing on either heads or tails hasn’t changed from the initial 50/50 chance. Sportsbooks, however, have to include their cut so that they can profit from this exchange this means that whether you win or lose your bet, the book still makes money. So if you bet your friend that the coin will land on heads, you stand to win $100, a simple, fair exchange. Take this simple example: If your friend were to offer you a bet on a coin toss, they’d give you odds reflective of the probability, i.e., a 50/50 chance of the coin landing on either heads or tails. When they offer odds to you, they never give you the true odds of an event. To understand juice, you need to understand sportsbooks operate in sly ways.

However, the juice is never charged separately like other commission fees, but sportsbooks always include it in the odds that they offer you. Juice is the commission that sportsbooks charge for taking your wager. If you’ve never heard of the term juice or have but don’t know what it is, here’s an in-depth explainer of how sportsbooks make their money. The primary way that sportsbooks do this is through juice. However, this leaves many to wonder how sportsbooks guarantee themselves massive profits, especially when you consider the fact that sports betting is vastly unpredictable and volatile. Sportsbooks are huge moneymakers that’s an indisputable fact.

No juice moneyline