The actual juice element in online wagering!

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January 3, 2012

Many of you who enjoy online betting and spend their time following betting trends and scores and odds on specific websites and forums may live under the inaccurate assumption that sportsbooks are really profitable. But the the fact is that, from the total amount of money wagered on any event, the sportsbook only gets a small percentage, more in the range of 5 % and that’s considered a good percentage. Why? Well, this is exactly what the “juice” is all about and this is why a low juice sportsbook is greatly desired.

For better understanding of the concept and in order for all you bettors to be able to find the best low juice sportsbook, let’s try to give an explanatory example. Let’s say that the event you are betting on is a football game between the New York Giants and Chicago Bears and that the parameter bet is $ 10. A low juice sportsbook may have a 11/9 quote. Which means that if you bet ten dollars on the less favorite team, however they win, you’ll get an extra eleven in return, while every ten dollars that you simply bet on the favorite team will get you an extra nine in return, if they win. So, let’s pretend that the Chicago Bears are the favorites. If you bet ten dollars on them and they win, you will have nineteen dollars at the end. Should you bet on the New York Giants and they win, you will have twenty-one dollars at the end. It may seem unfair at first view, but even the best low juice sportsbook can’t pay even money, because which will mean all the money they collect from the loosing bets will go to the winning bets. And the remained difference is the juice.

Now, of course this percentage varies a little from one sportsbook to another and this is exactly why a bettor sometimes spends time searching for a discount juice sportsbook to make certain he gets the best revenue possible. All sportsbook have the same purpose, that of creating a balanced market. This means that they seek to come with an equal amount of bets on both teams or sides. But, as you can imagine that’s quite difficult to achieve, therefore even the best low juice sportsbook may register money loss in short periods of time. But on the long run, the juice levels the balance.

Any gambler should take the factor of juice into account before placing a bet. One must study the betting lines or odds of the event on several websites and find a discount juice sportsbook that’s most advantageous. Informed bets are the best ones even if it happens for you to loose. After all, it’s a gamble, isn’t it? Anyway, remember that the odds may shift during the game, due to changes in the betting market. So it would be best if you can keep yourself updated all the while the event is certainly going on.

In online sports betting, everyone is looking to win some extra money and get the best possible profit. Therefore, sportsbooks are highly competitive and it should not be so difficult to find the best low juice sportsbook for you!

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