We explain here why 99.9% of sports bets are NOT profitable.
Sportsbooks are here to make money and people do not know how to bet properly. The standard “juice” or “vig” on a bet is -110. When books are giving you -110 on both sides, both outcomes have a 50% chance of hitting. If you take the “vig” out, the fair odds should be +100. When betting on -110, you have to bet $110 to win $100.
Why Sportsbooks Are So Profitable
Learn how sportsbooks make money by charging “vig.”
We explain why sportsbooks are unique because they want to offer different odds than the other books.
With different books, there can be line discrepancies and this creates some arbitrage betting opportunities.