This allows the book to still wind up with a profit between the one winning bet that’s cashed out, and another losing bet that’s based on the same -110. Consider it as a fee to broker the wager. Put simply, you can think of it this like this. The sportsbooks goal is to have 50% of the bets on each side guaranteeing them a profit from the “juice” The “juice,” which is what this is usually referred to, is the amount of commission that the book earns on a bet or bets that have been wagered. If you are coming from the perspective of a sportsbook (bookie), the -110 number is actually used for making sure they are able to make money off of the bettors regularly – this is essential for staying in business. It isn’t as hard to understand as it may seem once you get the fundamentals of sports betting down pat. The point spread is set by the oddsmakers, with their goal being to acquire equal action on both sides.Ĭonfused? There’s no need to be. For example if you wanted to win $50, you would have to bet $55, If you wanted to win $25 you would have to bet $27.50. Bettors can bet any amount on a -110 betting line or any line for that matter, but the return is different. Bettors have to lay down $110 if they want to win $100 when they are wagering on a point spread. That’s because it outlines the total amount required by a sportsbook to earn(win) $100 on either side of a straight bet wager against the spread. In sports betting, the magic number is -110. What you may be wondering (especially if you are new to the realm of sports betting) is what exactly this means and how it may affect you. Do you place bets on sports? If so, you have likely heard the terms “juice,” “vig,” or “vigorish,” in the past.

What does plus 6 mean in betting