What Is Juice in Sports Betting? | Vigorish Explained

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Added 3 years ago by admin

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In sports betting, what does 'juice' mean? Is it the same thing as 'vigorish' or 'vig'? The Action Network's Sports Betting 101 series returns to explain everything you need to know about Juice in sports gambling. More on this topic at our website: https://www.actionnetwork.com/education/juice

Juice in sports betting is the cut a sportsbook takes from every bet. Juice (also known as “vig”) in sports betting is the house’s greatest edge, and it’s what prevents the vast majority of bettors from becoming long-term winners.

If you bet $10 on a game with a friend, the winner gets $10. But when you’re betting at a sportsbook, you have to pay a cut to the book for taking your action.

0:00 - Intro
0:32 - Juice Explained
2:54 - Other Terms for Juice
3:32 - Why Juice Exists
4:37 - How To Calculate Juice
4:59 - Recap

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