It is amazing to us how predictably bad sports bettors are at money management. Case in point, the phenomena of reduced juice betting, laying -105 or -107 instead of -110. Reduced juice betting is one of the most powerful tools in the arsenal of any online sports bettor. Why then do most sports bettors refuse to. Juice or “vig” is simply the percentage a sportsbook “charges” for offering odds on sports betting events. As we all know, there are no membership fees to join and bet at a sportsbook and contrary to the popular belief, the sportsbooks don't. Many betting terms you need to know, but knowing what is 'juice' in sports betting is a must if you want to be a successful sports investor. The Sports Bookie Software industry is big business and, its difficult to know which company to trust.

When we talk about juice, not it’s not those little packets of sugar water that you jab cheap straws through and drink. We’re talking about juice in the context of sports betting. What is “juice” in sports betting.

Juice is important to understand because if you pay more juice, you get paid less when you win.

Let’s break down what “juice” means, why it matters for bettors, and how you can keep juice in mind when making your wagers.

Okay, What is Juice

You may look at your bookmaker as a greasy slimeball, but the fact is, if you love gambling, there is no way you would be enjoying the love of your life without having a bookmaker. Bookmakers offer their service at a premium. Juice, otherwise known as vigorish, is the amount of money a bookmaker takes from someone betting on a favorite as the money kept when the wager loses.

Confused? Okay, let’s do an example.

Let’s say there are two teams: Team A and Team B. Team A is a -150 favorite. Team B is a +125 favorite.

To win $100, you have to risk $150 on Team A. Whereas, and if you just wager $100 on Team B, you get an extra $25 should win as a reward for taking the underdog. However, the underdog has an implied probability of losing.

Should bettors who laid $150 to collect $100 on Team A lose, the sportsbook will use that extra money collected from the costly price on betting the favorite, the “juice” to pay out the winning side and collect whatever remains, assuming the book didn’t get crushed.

Juice is important because just the movement of betting odds in one direction or another can drastically affect the betting decisions of retail bettors.

Price Hunting

When hunting for prices, bettors will look to find the best juice around. The tighter the spread between the underdog and favorite on the odds, the cheaper the might will be. The bigger the gap, the greater the disparity.

This means a big deal because if you have smaller bankrolls, risking more than you’re comfortable with to bet a side can be a problem, but if you’re looking to get down on a game you really like, patience rewards bettors who are able to find the best number.

Long-term, you can risk less to get paid more, and this is where finding the best lines is essential. Why pay $155 to win $100 when you can pay $130 to win $100 elsewhere?

For the 10 or 20 dollar bettor, juice may not mean much, but when you’re betting in the tens of thousands when a few cents can be the difference between betting $18,000 or $13,5000, then you’re talking more significant swings of money.

The Takeaway

Juice Sports Betting

Juice, remember, is the necessary evil of betting with a bookie, but at the end of the day, it’s something to keep in mind when making your wagers. If you’re paying way too much at one book, you’re getting ripped off. Always hunt for bargains, and when you find them, pound numbers hard so you can make the most possible while risking the least as you can.

How to Bet On Sports > Reduced Juice Sports Betting

Overview:

It is amazing to us how predictably bad sports bettors are at money management. Case in point, the phenomena of reduced juice betting, laying -105 or -107 instead of -110. Reduced juice betting is one of the most powerful tools in the arsenal of any online sports bettor. Why then do most sports bettors refuse to use it? Do players like giving away their cash? This is exactly what they are doing by continuing to lay -110 instead of -105. Knowing that a lot of players still do not take advantage of reduced juice betting, we have decided to explain what it is, and how it WILL help you make money regardless of which team you bet.

Is It Safe?
Yes, two of the most respected online sportsbooks offer reduced juice -104 and -105 every day.

Pinnacle Sportsbook: Lay 104/105
Pinnacle is located in Curacao, NV. They offer -105 juice every day, plus a 10% sign up bonus. Their average DAILY handle is more then most sportsbooks’ YEARLY handle. Pinnacle is bigger in size and handle than most Las Vegas sportsbooks. They accept wagers of up to 100K and welcome Wiseguy action. Payouts come within minutes.

5Dimes Sportsbook: Lay 105
5Dimes is a sportsbook located in San Jose, Costa Rica. They are one of the sharpest books in the marketplace and offer -105 lines everyday as well as five cent lines overnight (-103/-102) .

Reduced Juice:
First off, let us state how important reduced juice betting is:
-Any person that understands the basics of money management uses reduced juice betting.
-Any player that makes a living at sports betting uses reduced juice betting.
-Any player planning on making a living at sports betting should use reduced juice betting.

It has been well documented that a monkey flipping a coin can expect to hit 50% of his games. It is also understood that this same monkey needs to have a winning % greater than 52.37% to overcome the -110 juice and simply break even. Reduced juice betting drastically affects the win % by bringing this number down: -107 = 51.67%, and -105 = 51.22%.

Successful Sports Bettors

Reduced juice is better than any bonus you will ever receive.

Top Reduced Juice Sportsbooks

Bovada Sports Betting