What does ‘juice’ mean?
Juice, also known as the ‘vigorish’ or simply ‘vig’, is the commission that sportsbooks collect for taking your bet. In a perfect world the action on both sides of each game would be evenly split, and the books would use the monies collected from the losing bets to pay the winning ones. The difference (juice or vig) goes to the house. The norm is around 10-percent for most side and total bets, and it most cases you pay when you lose. For example on an average football bet you would lose $110 if your team fails to cover the spread, yet win only $100 if your team does cover the spread. In moneyline sports there is normally a 10-cent price difference between the favorite and underdog in order to account for the vigorish. That is why you see the favorite at -150 (for example) and the underdog listed at only +140. I understand that, for example in the Warriors-Kings game, the Warriors are -240 and the Kings are +180. I know this means the Warriors are favorite but exactly what is the line?
Juice, also known as the ‘vigorish’ or simply ‘vig’, is the commission that sportsbooks collect for taking your bet. In a perfect world the action on both sides of each game would be evenly split, and the books would use the monies collected from the losing bets to pay the winning ones. The difference (juice or vig) goes to the house. The norm is around 10-percent for most side and total bets, and it most cases you pay when you lose. For example on an average football bet you would lose $110 if your team fails to cover the spread, yet win only $100 if your team does cover the spread. In moneyline sports there is normally a 10-cent price difference between the favorite and underdog in order to account for the vigorish. That is why you see the favorite at -150 (for example) and the underdog listed at only +140.
