Why Most People Lose Money Sports Betting: The Majority of Bets are Not Profitable

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.

Additional Resources:

• How to Grow Your Bankroll
• OddsJam Walkthrough: How to Use OddsJam
• Best Odds Boosts from every Sportsbook