More Sports Sections: NFL Football College Football NBA Basketball Baseball NHL Hockey Soccer MMA Boxing Nascar Golf Horse Racing

Euro Sportsbooks

Sports Betting

Other Great Sites

What is Vigorish

What is Vigorish?
by Predictem.com Staff

Vigorish or "the vig" or "juice" is how casinos and sportsbooks make their money on sports bets. In essence, it's a commission that is placed on each bet made through them.

The amount equals the difference between what is risked and what is potentially won. If a bettor wins a bet, they don't have to pay the vig. If a bettor loses the bet, he pays the vig. Let's take a look at an example:

Let's say the Bears and Colts are playing. Joe Schmoe wants to lay $1100 to win $1000 on the Colts at -7. Let's say they lose, Joe has to pay the whole $1100 to the sportsbook. If he were to have won, he'd have collected the $1000 profit as well as his risked amount back.

In a perfect world, the bookie would have equal action on both sides of every game/point spread offered. This would create a situation in which 2 guys are opposite, laying $110 to win $100 each. One will lose, which means the bookie collects $110 from one of them and pays out $100 to the other, allowing himself to keep $10 for being the middleman. Not a bad business eh?

Bookies rarely get balanced action though, so they have to either gamble that their going to win long term which is what many do, or lay some action off at another sportsbook to bring their action closer to even, which lessens their risk should the one sided action happen to win.

Speaking of vigorish, some sportsbooks offered "reduced vig." To bet on games at -105 instead of -110, click the banner below!

Related: Reduced Juice Betting.

New Account Information

Sportsbook Ratings - With all of the choices out there, who can you trust? Who offers what bonuses? Which are the best? We rate'em right here!

Opening an Account - It's simple but there are things to take into consideration first!

Sign-up Bonus - Most online bookies will offer incentives such as free money if you sign up with them.

Deposits - Is it safe? How do you do it? We explain it all.

Withdrawals - We explain how you collect your winnings.

Sportsbook Promotions - Offers that you can take advantage of on specific days of the week. Examples of this are reduced juice specials, free half points, signup bonuses, reload bonuses, contests and more!

Sportsbook Review - A review and list of top rated bookmakers on the net to gamble with.

Promotions

Free Half Point - Many online sportsbooks offer a free 1/2 point as an incentive to play with them. Get the details here.

$1 Minimum Bet Sportsbook - Yes! They do exist!

Dimeline Sportsbooks - If you bet on baseball games and your not being dealt a 10 cent line your wasting money!

Free Bets - Certain sportsbooks reward their players by awarding them with "free $10 bets" just for keeping their accounts active.

Loyalty Programs - Accrue points for your play and redeem them for free bets or prizes.

Misc.

House Rules - Rules protect both you and the house. Know them before placing your first wager.

Affiliate Programs - Have a website? Make money promoting online sportsbooks.

Referrals - Make money by referring buddies.

Ask the Bookie - Have a sportsbook related question? Ask the bookie here.

Sportsbook Locations

Costa Rica Sportsbooks - We list all the endorsed reputable sportsbooks located in C.R.

United Kingdom - Recommended sportsbooks from the UK.

Antigua - Best books located in Antigua.

Curacao - Home of the best reduced juice book on the planet.

Panama - Top sportsbooks residing in Panama.

Las Vegas Sportsbooks - We give our opinion of books in Vegas.

Articles

The Truth About Bonuses - Are they free money or not?

Reduced Vig - The best thing since sliced bread? We think so!

Sportsbook Articles - Check out our collection of bookie related articles.

Betting Online vs. The Corner Street Bookie - We talk about the advantages of trading in your old bookie for a sleek online account.

What is Vigorish? - We explain how the house makes their money.