Sports betting is a type of gambling but it does not mean you have to gamble your money needlessly. This is because online sports wagering is also about skills, researchand having a betting strategy. In addition, to increase your sports betting winnings, a bettor must also know where to bet on sports to help them increase their betting bankroll.
Our Online Sports Betting Tutorials are made by by professional sports handicappers to do just that. We have a variety of sports gamblign tutorials for amateurs and professional bettors. Each online wagering tutorials will delve into different topics like finding the best sports betting software to finding the best sports betting odds and much more!
Vigorish, or simply the vig, also known as juice, is the amount charged by an offshore sportsbook for taking a bet from a gambler.
Let's take a look at what would have happened if you had made ten bets of a $400 bankroll at one of your favorite online sportsbooks where the odds are -100 (no juice) instead of -110, here, the ten bets of $40 would now risk $40 to win $40.00. If a players assumes a win rate of 5.45 times, you win x $40.00 (+$221.80) and 4.55 times you lose x $40.00 (-$182.00) for a profit of $39.80 versus at -110 x 4.55 a net showing of $1.60 .
The juice matters a lot. If there was no juice, all you would have to do to make money is pick at 50.1 percent, which is essentially flipping a coin. With juice, however, you have to pick at a higher rate which makes it more challenging.