The sports books stay in business because they win more often than they lose in these
situations.So while the juice only accounts for a portion of the profit for a sports
book, it is a major obstacle that stands between you and long-term success with sports
betting.This is because beating the point spread on a consistent basis is difficult, and simply
breaking even is a losing proposition. For instance, if you bet $110 to win $100
on six different games and went 3-3, you might think you broke even for the
day.Think again. This is something you should take advantage of, as you are receiving a
product that is worth $110 for $105.Also, if sports books are heavy on one side
of a game, they might change the juice on each side to generate more action.
More often not, the books are unbalanced on each game, meaning they have taken more
bets on one side than the other. When you placed your bets, you gave the
sports book a total of $660 and, despite winning half of them, you are now
only picking up $630 when you cash your tickets.Over the long haul, these $30 losses
add up and, the more you bet, the more juice you will pay. They figure
since they intend on winning anyway, what's the big deal about the fee they have
to pay up front if they intend on getting it back?The fact is, the juice
makes a much bigger difference over the long haul than you might expect. This is
the equivalent of the sports book taking a nike tn three-game lead on you before you bet
the next 97.The goal you must shoot for is a minimum of 55 percent, with
the hopes of hitting 57 percent or higher over the long haul. For instance, if
you bet $110 to win $100 and your bankroll is $1,000, you are betting 11
percent of it, not 10 percent. This seemingly slight edge is enough to get card
counters banned from the casino as soon as management catches on to them.So if you
bet 100 games against the point spread, you must hit 53 of them in order
to just break even. For example, if a 4-point favorite is heavily bet, they might
charge -120 for the favorite and let you take the underdog for even money. If
the underdog is the side you liked to begin with, this is a situation you
must take advantage of.Giuseppe Partucci is a handicapper with TodaysPicks.net. The sports book has now
taken $220 worth of wagers on the game and will only have to pay out
$210 regardless of which team wins, guaranteeing the business a $10 profit.Many bettors mistakenly believe
that this profit margin alone is what keeps sports books in business. If you win,
the fee is returned along with the original wager and the sum of the win
for a total of $210.So what's the problem, you ask? Most novice bettors, once they
become familiar with this concept, tend to not give it much serious thought. The customer
behind you in line bets $110 to win $100 on Team B. Because of this,
it tn is important to understand your bankroll.Some sports books, particularly of the online variety, might
offer a weekly special in which the juice is -105 on a particular day or
event. TodaysPicks.net offers some free picks via their e-mail newsletter, but does not make outrageous
claims about free picks on our site. The handicapping services at TodaysPicks.net are available for
individual games, weeks, months, or season to allow buyers the opportunity to try our handicapping
services before purchasing long term packages. An advanced card counter can expect to achieve a
1-2 percent edge over the house. In the short run, the juice serves as a
sort of insurance policy for the sports books that ensures them a profit regardless of
the outcome of each game.Imagine, for example, that you walk up to the counter and
place a $110 bet to win $100 on Team A. In essence, they are gambling
against the bettors, because they will lose money if they side on which they are
heavy wins the game. This forces you to win at a higher rate than 50
percent in order to show a profit.The break-even point for sports bettors when you factor
in the juice becomes 52.5 percent.Again, the 2.5 percent edge the house gets from the
juice might not seem like much, but let's compare this to other gambling games.A blackjack
player who uses correct basic strategy on every hand can expect to break even against
the house in the long run. With good handicapping and discipline this is possible, but
you must always keep the juice factor in mind.You must count the juice as part
of your wager and factor it in as a percentage against your bankroll. This isn't
entirely true; although the point spread and other odds are set with the hope of
drawing "two-way action," or bets on both teams, the juice is essentially a default position
for the sports book.In other words, if they receive exactly 50-50 action on each game
both in volumes of wagers and amount wagered, the books will gladly accept the 10
percent profit that comes with this situation.However, this scenario is far from a common occurrence.
Solid handicapping and research are a given, as is a basic grasp of discipline and
bankroll management.Most bettors are aware of the pitfalls of poor bankroll management; that is, they
know that betting a high percentage of their bankroll on one particular game, or chasing
losses with larger bets on the next game is not a prudent thing to do.Even
so, there are many sports bettors, even those who might qualify as advanced in most
areas of skill, who take for granted the importance of the "juice," or vigorish, in
the sports betting business.The juice is the fee the sports book charges that essentially puts
the odds in their favor against the gamblers. The standard fee is 10 percent or
-110; in other words, you have to bet $110 in order to win $100. Don't
underestimate the importance of juice As you become serious about making a profit in sports
betting, there are many factors you should keep in mind. TodaysPicks.net gives excellent advice and
tips on bankroll and handicapping..
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