What Does Vigorish Bet Mean In Sports Betting?

Vigorish, also known as “juice” or “vig,” is a betting term used in sports betting that refers to the commission that the bookmaker charges for placing a bet. It is usually expressed as a percentage of the total amount wagered. For example, if a bookmaker offers a bet with 10% vigorish, then the bettor will pay 10% of the total wager to the bookmaker.

Vigorish is important because it helps the bookmaker remain profitable, even when the bettor wins. It’s also important to understand that vigorish is not the same as the odds. The odds represent the likelihood of a certain outcome occurring, while the vigorish represents the commission that the bookmaker charges.

Vigorish can vary widely from one bookmaker to another. For example, some bookmakers may charge a higher vigorish for a particular sport or event than others. It’s important for bettors to shop around and compare different bookmakers to find the best deal.

In addition, it’s important to understand that vigorish can be a double-edged sword. While it can help bookmakers remain profitable, it can also reduce the amount of money that bettors can win. For this reason, it’s important to carefully consider the amount of vigorish that a bookmaker is charging before placing a bet.

Leave a Reply

Your email address will not be published. Required fields are marked *

© Copyright 2022- 2023. Sports Betting Canada | Welcome to Canadian Sports Bet, where we provide unbiased reviews of the top sportsbooks available to Canadian bettors. Our goal is to help you find the best betting sites with strong reputations, security, and reliability. If you have any questions, please don't hesitate to reach out to us for more information. Please play responsibly. If you or someone you know has a gambling problem please call 1-866-531-2600 or visit Connex Ontario. Must be 19+ to participate in sports gambling. Additional T&Cs apply.