Purpose of the juice

[paul95se]

What is the purpose of the juice. Is it meant to try to trick you or what. Theoretically, the books would always make the better bet with more juice since they will have to pay out less but gambling would be pretty easy if you could always lean towards the pick with the higher juice. So..what is the books theory on the juice.
TIA

 

[paul95se]

Nobody??

 

[YourAllAmerican]

Not entirely sure we clearly understand the question. Are you asking why books charge a vig on bets? Or why they don't place a higher vig on the favored teamm? Or am I misunderstanding entirely?

 

[TTinCO]

If I understand your questions correctly, it can be advantageous for books to move the juice & not the #. If they move off the #, they open themselves up to being middled, where moving the juice can "steer" the money to one side without the risk of a middle opp (where they could lose both sides).

 

[Salain]

The side with the lower juice has had less action on it, so the book is exposed to a loss because most of the money is coming in on one side. So you can take the book's sweetened offer, but it's at the cost of going against the movement of the line. Which is moving towards the more accurate closing number. So you get a good deal on what has been the line liked less by sharps and other line moving money. So what you gain in less vig, you lose by lowering the winning % being on the "wrong" side.


That's the common knowledge answer, anyway. You'll learn some nuiansces over time, such as there are some books that will give you better lines on the side they think is wrong, so just betting will meaning going against the professionals. It's very case dependent.

 

[TTinCO]

That's the common knowledge answer, anyway. You'll learn some nuiansces over time, such as there are some books that will give you better lines on the side they think is wrong, so just betting will meaning going against the professionals. It's very case dependent.

I don't think this goes on as much as people think. Books should make money by attempting to balance the action. When they do what you are saying, they are gambling-which can be a sign of desperation for a book.

 

[Masxmenos]

Books wouldn't make much of a profit if any at all if the "Juice" or Vig" at 10% wasn't charged.

 

[whalewager]

the vig is what gets the player in the long haul....

a book writes so much action in a year and he is supposed to clear a certain % from the amount he writes

 

[cashman]

Sure....

But, if you manage your money right, you're impervious to the juice.

You just have to win more than you loose. If not, the juice will eat you alive.

 

[Dubpoet]

Just think of the money they get on a hyped monday night football game with even action.

 

[jademan]

Simply put = The difference between the money you RISK and the money you WIN
Standard being 10%

All in all it is a fair charge. As WE the gamblers have an advantage in which we get to CHOOSE which side we want. The bookie HAS to take the other side. Even with spreads considered, we take our choice and he gets what is left. for this reason he has the disadvantage and the right to say "you put in (your risk) $11 and I will put in $10 (his risk) you chose and winner take all = $21"

 

[quantumleap]

Just think of the money they get on a hyped monday night football game with even action.

Just think how much more money they make by uneven action toward a favorite if they set the line right.

 

[DonMelchor]

It's also can be use to discourage people from betting one specific team. the main reason as TTinCO said, will be to prevent getting middle.


Moving the juice will the first step before moving a line, having said that, it's not a requirement to move a line.

 

[paul95se]

Thanks for the replies.

 

[Tom71121]

The winner pays the VIG/Juice

Just for conversation sake and to get to Know a few more people,

I choose to suggest to you that it is the winner that pays the VIG/Juice
and that you should always keep that in mind.

I was very surprised to see how many disagrred with me in a post
a few days back in a different area of this forum.

for an individual play, the winner actually pays 9.1 %
on a 100 in the Long run.

when you go to the window in vegas
and give them $100
they only give you $191 back if you win.
The winner is out $9

with a buddy you both put up 100
the loser is out a 100
the winner is up 100. no loss

at the sports books it's the winner that pays the Vig.

"The Guy who invented Gambling was Bright,
but the guy who invented the
CHIP,
WAS
BRILLIANT."

Good luck Stay smart
tw

 

[yorick]

when you go to the window in vegas
and give them $100
they only give you $191 back if you win.
The winner is out $9

What if you call your bookie and tell him you want to bet $100. If you win you win $100. But if you lose you have to give him $110. The loser is out $110.

So does this mean that if you bet with a casion the winner pays the vig and if you bet with a bookie the loser pays the vig? :missingte

 

[Derek12]

Purpose of the juice ...

Make your bookie rich!