Vigorish, or simply the vig, also known as juice, is the amount charged by an offshore sportsbook for taking a bet from a gambler.
Let's take a look at what would have happened if you had made ten bets of a $400 bankroll at one of your favorite online sportsbooks where the odds are -100 (no juice) instead of -110, here, the ten bets of $40 would now risk $40 to win $40.00. If a players assumes a win rate of 5.45 times, you win x $40.00 (+$221.80) and 4.55 times you lose x $40.00 (-$182.00) for a profit of $39.80 versus at -110 x 4.55 a net showing of $1.60 .
The juice matters a lot. If there was no juice, all you would have to do to make money is pick at 50.1 percent, which is essentially flipping a coin. With juice, however, you have to pick at a higher rate which makes it more challenging.
A player can also be on the lookout for a situation where you can lay, say, -6 (+100) on the favorite at your online sportsbook, while taking +6.5 (-100) if the line moves in your favor. This, is a free shot, as you can't lose a penny. Unlike traditional middling, where you're laying the juice for each middle attempt, this is FREE. A gift. You can bet as much as you can afford on each side of this game and break even. If the game lands on 6, you catch a side and win one of those bets free and clear.
No juice betting, laying -100 instead of -110 is one of the most powerful tools in the arsenal of any online sports bettor. Why then do most sports bettors refuse to use it? Do players like giving away their cash? This is exactly what they are doing by continuing to lay -110 instead of -100.
For the upcoming NFL Football betting season, some online sportsbooks sometimes give away no juice for specific games so it is a good idea to check on a regular basis your preferred sportsbook to find that no juice sportsbook promotion.
As a seasoned player or a newcomer to the gambling industry, this is one offer that should be taken advantage of as it will make a big difference on the short and on the long run whether your betting bankroll will have just increase or double.