Juice
“Juice,” also known as “vig” or “vigorish,” is a common term in the world of sports betting and refers to the commission or fee that a sportsbook charges for taking a bet. This fee is how the bookmaker makes a profit, regardless of the outcome of the event. For example, if you’re betting on a football game, you might see odds of -110 on both sides, meaning you’d need to wager $110 to win $100. The extra $10 represents the juice, which ensures that the sportsbook earns money no matter which team wins. In essence, juice is the cost of placing a bet, and understanding it is crucial for bettors who want to manage their bankroll and make informed decisions.