![]() ![]() Sportsbooks collect the vig by adding it into the odds as overround, or setting probabilities such that the total implied probability of all potential outcomes exceeds 100%. Bettors win and lose, but the right vig guarantees the bookies always win. The vig allows the bookmaker or sportsbook to make money on every betting line, regardless of the actual outcome of the event. “Vig” (also known as vigorish or ‘juice’) refers to the fee a bookmaker or sportsbook charges a bettor for placing their wager. Learn how to remove the vig to place smarter bets with this guide. ![]() The vig influences odds, so you need to remove it for a clear picture of likely outcomes.Sportsbooks take a cut of every bet placed on a sporting event, called the ‘juice’ or ‘vig’. ![]()
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