In sports betting, “juice” refers to the commission or fee that bookmakers charge on bets. Essentially, it’s how sportsbooks make money on wagers. When you place a bet, you’ll often see odds listed in a way that includes this juice, ensuring the bookie profits regardless of the outcome.
Here’s a breakdown to better understand juice in sports betting:
- Definition: Juice, also known as vigorish or vig, is the cut or percentage that bookmakers take from your bet.
- Common Example: If you see odds listed as -110, it means you need to bet $110 to win $100. The extra $10 represents the juice.
- Impact on Profit: Juice can significantly affect your long-term profitability. Even a small percentage can add up over numerous bets.
- Minimizing Juice: Some bettors look for sportsbooks offering reduced juice or promotions to maximize their earnings.
Understanding juice is crucial for any bettor aiming to make informed decisions and maintain a profitable betting strategy.
