Juice
1 min read
Commission.
In gambling, particularly in sports betting, the term "juice" refers to the commission or fee that a bookmaker takes on bets. It is also known as "vig" or "vigorish." The juice is typically built into the odds offered by the bookmaker, meaning that bettors need to win at a higher rate than the odds suggest in order to be profitable.
For example, in a standard point spread bet, the odds might be set at -110 for both sides, meaning a bettor must wager $110 to win $100. The extra $10 represents the juice that the bookmaker keeps as profit. Understanding juice is important for bettors, as it affects the overall profitability of their betting strategies.
« Back to Glossary Index