When you place a bet, a portion of your stake goes to the bookmaker as their profit margin, known as the “vig” or “vigorish.” Understanding vig in betting is essential for any bettor. The vig is the difference between what you bet and what you could potentially win, ensuring the bookmaker makes money regardless of the outcome.
Why Vig Matters
- Ensures bookmaker profits.
- Affects your potential winnings.
Calculating Vig
Vig calculation can be complex, but it’s usually embedded in the odds. For example, in a game with -110 odds, the bookmaker’s edge is roughly 4.54%.
Tips to Minimize Vig
- Compare odds across different bookmakers.
- Consider betting on less popular sports where vig may be lower.
Understanding the vig helps you make smarter betting decisions and maximize your returns.
