Because sportsbooks apply vig to the odds, they profit irrespective of whether the bettor wins or loses their wager.

The vig betting fee is woven into the odds for each betting line, and this is generally how bookies make their money. These betting sites apply this levy to all bets placed. Vig is a betting term (short for vigorish) that refers to the service fee all retail and online sportsbooks charge. We also offer you strategies on how to lessen the impact of juice on your payouts and how to calculate the vig a bookie applies. In this guide, we fill you in on everything you need to know about sports betting vig, from what it is and how it works to how it impacts your bets and returns. The vig, also called “juice” is incorporated into the odds offered for each betting line. Vig in betting refers to vigorish the term given to the charge for service a retail or online sportsbook applies to each bet a bettor wagers. We work with some partners on an affiliate basis but this does not affect our listings or ratings. Our team of professional gambling site reviewers conducts independent research on every brand we feature on Business2Community.

What does the vig mean in gambling