There are several signs on sports betting sites that newbies may not understand. The biggest mistake you’ll make as a newbie in sports betting is to throw money in without understanding the concept first. This is because even if you win, you may find yourself wondering what happened to a percentage of your winnings. This is why you need to learn about the vigorish juice.
What Is Vigorish Juice?
In online sports betting, the vig (also referred to as the juice) is the amount a you pay the sports betting site for giving you the opportunity to use their platform. It’s simply the fee you offer for the service provided by the sportsbooks. Each time you wager online, the vig gets deducted from your winnings.
Each sportsbook in Nigeria has a given fee. This is why vig varies from sportsbook to sportsbook. Typically, the vig is about 10%. If you’re not sure how much your vig is for a particular game, you can find it by checking the totals category. When you’re placing a bet, you have the option to either bet on the team that will win or bet on the team that will lose. If you win, you will receive your initial stake along with your profit.
Variations Of Vigorish
When people start placing bets, the odds begin to shift. As things change during the week, the sides of the bets will become more obvious. The odds will also change to reflect these changes. This is what ensures that the sportsbooks make profit no matter the outcome of the event. When a favorite is pulling in a lot of money, the sportsbook may decide to increase the vig from the standard 10% to 15 or 20%.
When a game isn’t attracting too much attention or generating a lot of money, the vig will be higher than the standard rate because sportsbooks want to leave room for error to payout. On the other hand, when there are more people betting on an event, there is more money to pay the winning side. So, the vig may be lower.
In conclusion, always remember that bets and sportsbooks differ. This is why shopping around for the best site for online sports betting is a good way to find the best vig and line. Make sure the sportsbook is legitimate and the vigorish is fair. If the sportsbook increases the vigorish for a particular event, consider the facts and make sure it is worth it. The higher the vig is, the less you’ll make on each bet. Always logically view the spread and odds to make the best out of the betting experience. If the lines and odds don’t add up, don’t risk it. You may end up losing your wager.