The matchup of Buffalo Bills are playing the Kansas City Chiefs, and the sportsbook or oddsmakers has the game listed as pick ‘em -110 for both teams.

We have been referring to the NFL for our examples, and today is no different with a hypothetical NFL betting line. The online sportsbook or oddsmakers creates an advantage for the ‘house’ to make a profit. The reason you must win on more than 50 percent of your bets is due to the vig. To be a successful sports bettor, you must win a shade over 52 percent of your bets (52.38), to be exact. Gamblers have heard the term before, and in most cases, it refers to the online sportsbook, bookie’s, or casino’s cut for handling the action on a sports wager. Vigorish is somewhat abstract, but it is certainly prevalent in online sports betting. We will define ‘what does vig mean,’ how to calculate vig, we will touch on no vig betting, and how the vig affects the bets you are making. Today’s subject is the ‘vig’ or the juice and how it affects your bets. We have gone over a few topics, and today is no different.

The next sports betting tutorial begins anew at MyTopSportsbooks.

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