Sports betting companies make money by collecting a commission on losing bets, which is often called the vigorish. Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice in slang terms. The sportsbook only collects the vig if the bettor loses the wager. General Sports Betting Strategy Ensure Good Bankroll Management. Effective bankroll management is essential for long-term success. ... Shop Around for the Best Odds.
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