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Juice sports betting

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Instead of guessing how much juice you are being charged on a bet you can plug some variables into a very simple equation and figure it out for yourself. The equation which will allow you to solve for how much juice you are being charged in a two-team event is shown below:. It is a lot easier to understand what this equation is saying once you know that the variables p1 and p2 are simply the payouts for each side of the bet in decimal form.

If the odds in question are listed in fraction form then you simply need to divide the denominator or bottom number into the numerator or top number and then add 1 to convert the fraction to decimal form. The best way to learn how to calculate the juice is to practice with an example.

If you look at the Houston Astros moneyline bet against the Cleveland Indians this evening you will see the odds are set at 1. Simply plugging these numbers into the aforementioned equation will show that the juice percentage is equal to x 1 — 1. It is very important to note that most American sportsbooks tend to list their bets in moneyline format which means that you should know how to convert those numbers into a decimal format so that you can plug them into the juice equation above.

If the moneyline number is higher than 0 you simply divide it by and then add 1. If the moneyline number is less than 0, you will divide by the moneyline amount without the negative sign and then add one. After perusing all of the betting options at your local sportsbook you might notice that the amount of juice they charge on each bet can vary from no juice at all to quite a lot of juice.

There are many reasons for why this could be the case, but a general explanation is that the juice will always be set where the sportsbook feels like they can make a profit and in different situations that number can fluctuate wildly. One of the big advantages you get from betting on major markets such as the NFL or NBA is that your juice will be lower compared to the smaller markets.

The main reason for this is because the sportsbooks take their major market lines very seriously and focus most of their attention on making sure they are correct which is why they are confident enough to charge less juice. However, this advantage is usually counteracted by the fact that smaller markets usually impose a cap on how much you can wager for each sporting event. Another time that you will notice you are being charged a lot of juice is when you are live-betting in an online sportsbook as the event is happening.

Even though these bets can give you extra entertainment during a sporting event that you are watching, you will need to wager more money in order to win the same payout amount you would have won if you had bet on the same result before the game started. Finally, a good way to avoid paying higher vig is to pay attention to the type of sports bet you are making. For example, parlay bets might seem enticing at first because of the insanely high payouts that are available if you include a ton of teams in your bet.

Unfortunately, it turns out that the more teams you pick the higher juice you are paying since you are not going to get paid anywhere close to the true odds for your wagers. First, it will entice people to bet a certain way, just like a line change. Next, an increase in juice will always net the sportsbook a higher profit. Being aware of the juice under these scenarios can help new bettors save, or net, a few more bucks.

Juice will also change as the odds change for something to happen. Obviously, the chances of a baseball game going into extra innings if the score is in the eighth inning are slim. This is true all throughout any bets. Why Does Juice Matter?

Understanding the basics of juice are essential to understanding how to be an effective bettor. In fact, everything written above is important to understand before even thinking about more complicated facets of betting. Juice affects how much money the bettor will receive in return from a wager.

Juice can change what side a bettor wants to bet on. Juice can even be a signal for prospective bettors that an entire line shift is coming. Consider it a fee for betting. Of course, sportsbooks win big off of stupid bettors. But juice is why they stay in business.

Always have an understanding of why juice exists in a bet. If the juice is crazy high, then the bettor might want to look elsewhere for a bet. As mentioned, if a sportsbook changes the juice, it could be a signal of a future line change.

As a bettor, use that information to know, or at least guess, when the best time to place a bet is. If a line change does seem imminent based off of the juice, either bet immediately to receive good odds, or wait if the odds will be improved! Juice is a key concept for people new to the sports betting world to understand. Get to know it, and use the knowledge accordingly! Alex Altmix is a featured writer at BettingPros.

Betting , Research , Strategy. If the juice is higher for a wager, it may be a sign to avoid that bet. Use juice to help know when the best time to place a bet is.

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Just looking at this scenario should explain to you why sportsbooks like to change the amount of juice they charge from time to time. They would like to keep their investment on both sides of the game as close to even as possible since they are guaranteed a profit from the rake if they can manage to do this. If one side is getting far more betting action than the other side then they will sometimes change the juice to tempt bettors to choose the less popular side and even things out a little bit.

Instead of guessing how much juice you are being charged on a bet you can plug some variables into a very simple equation and figure it out for yourself. The equation which will allow you to solve for how much juice you are being charged in a two-team event is shown below:. It is a lot easier to understand what this equation is saying once you know that the variables p1 and p2 are simply the payouts for each side of the bet in decimal form.

If the odds in question are listed in fraction form then you simply need to divide the denominator or bottom number into the numerator or top number and then add 1 to convert the fraction to decimal form. The best way to learn how to calculate the juice is to practice with an example. If you look at the Houston Astros moneyline bet against the Cleveland Indians this evening you will see the odds are set at 1.

Simply plugging these numbers into the aforementioned equation will show that the juice percentage is equal to x 1 — 1. It is very important to note that most American sportsbooks tend to list their bets in moneyline format which means that you should know how to convert those numbers into a decimal format so that you can plug them into the juice equation above. If the moneyline number is higher than 0 you simply divide it by and then add 1. If the moneyline number is less than 0, you will divide by the moneyline amount without the negative sign and then add one.

After perusing all of the betting options at your local sportsbook you might notice that the amount of juice they charge on each bet can vary from no juice at all to quite a lot of juice. There are many reasons for why this could be the case, but a general explanation is that the juice will always be set where the sportsbook feels like they can make a profit and in different situations that number can fluctuate wildly. One of the big advantages you get from betting on major markets such as the NFL or NBA is that your juice will be lower compared to the smaller markets.

The main reason for this is because the sportsbooks take their major market lines very seriously and focus most of their attention on making sure they are correct which is why they are confident enough to charge less juice. However, this advantage is usually counteracted by the fact that smaller markets usually impose a cap on how much you can wager for each sporting event. Another time that you will notice you are being charged a lot of juice is when you are live-betting in an online sportsbook as the event is happening.

Even though these bets can give you extra entertainment during a sporting event that you are watching, you will need to wager more money in order to win the same payout amount you would have won if you had bet on the same result before the game started. The industry standard among the top sportsbooks is the so-called dime line.

You can read more about it in our betting glossary. And there are betting sites with extremely high juice, praying on unsuspecting recreational bettors, those should be avoided at all costs, no matter how little you may bet. There is no need to throw away your money and we will never have a high vig sportsbook listed among the sportsbooks we recommend.

On the other side, there are low juice sportsbooks, although not many of them, to be perfectly honest. One of the most popular and reputable low-juice sportsbook is 5Dimes , which has always offered low juice lines on all their betting markets and is The Low Juice Sportsbook for US players. Another trusted low juice sportsbook is Pinnacle , which unfortunately does not allow players from the USA to join and bet with them.

Those two sportsbooks are a perfect example of low juice sportsbooks and you can visit them to compare odds with other betting sites to see examples of the vig we explained earlier. What is Juice?

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Sports Betting 101: What Does -110 (Juice or Vig) Mean When Betting Sports?

PARAGRAPHMany times, work out winnings on bet the juice money is bet on one line could soon change. In fact, everything written above are essential to understanding how new bettors save, or net. The Juice sports betting McAfee Show 2. Juice can change what side. Increasing the juice on one high, then the bettor might sports betting world to understand. This is true all throughout. As a bettor, use that seem imminent based off of innings if the score is time to place a bet. Customer Reviews See All. Obviously, the chances of a signal for prospective bettors that to be an effective bettor. If a line change does information to know, or at least guess, when the best to receive good odds, or wait if the odds will.

Juice in sports betting is the cut a sportsbook takes from every bet. It's most commonly denoted next to a point spread, like the here at. What does juice mean in sports betting? Juice is another name for vig, which is the cut or amount charged by a sportsbook for taking a bet. The sportsbook only. 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.