A no-vig line is the chance of the event happening. Now things get a little more complicated. To escape the vig, you must find someone to make a bet with like, a friend, who might take your bet straight up. The vig is a valuable tool for online sportsbooks and bookies to employ, and every gambler should understand how the vig factors into their bets. That way, they make money no matter which side cashes a winning ticket.

In a perfect world, the bookmaker wants to see even betting distribution. They can’t live on losing bets alone, hence the vig to cover expenses and protect them from a bad beat that happens occasionally. Online sportsbooks, casinos and bookies are businesses like other businesses, they are in business to make money. Often sports betting sites will provide a promo code for free bets that can be used on MLB, NHL, college football bets. All the big sportsbooks like Fanduel, BetMGM, Draftkings and Caesars charge a nominal fee to handle your action. The extra $10 on the bet is the cut for the bookmakers, casinos, or online sportsbooks of your choice.

Suppose you lose, your out the original wager of $110, and that is the bottom line. Whichever side of a bet you take, it costs $110 to win $100 for a total of $210 returned on a winning bet. The matchup of Buffalo Bills are playing the Kansas City Chiefs, and the sportsbook or oddsmakers has the game listed as pick ‘em -110 for both teams. We have been referring to the NFL for our examples, and today is no different with a hypothetical NFL betting line. The online sportsbook or oddsmakers creates an advantage for the ‘house’ to make a profit. The reason you must win on more than 50 percent of your bets is due to the vig. To be a successful sports bettor, you must win a shade over 52 percent of your bets (52.38), to be exact. Gamblers have heard the term before, and in most cases, it refers to the online sportsbook, bookie’s, or casino’s cut for handling the action on a sports wager. Vigorish is somewhat abstract, but it is certainly prevalent in online sports betting. We will define ‘what does vig mean,’ how to calculate vig, we will touch on no vig betting, and how the vig affects the bets you are making. Today’s subject is the ‘vig’ or the juice and how it affects your bets. We have gone over a few topics, and today is no different. The next sports betting tutorial begins anew at MyTopSportsbooks.

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