Every time you place a bet, the sportsbook will charge you a fee. This fee is called the "vig" or "hold." It's important to understand how the vig works so you can make informed betting decisions.
To calculate the vig, simply enter the odds offered on both sides of the bet into this calculator. For example, if you're betting on an NFL moneyline bet with odds of -150 and +180, the vig would be 4.48%.
The vig is a major factor in sports betting profitability. The higher the vig, the less money you're expected to win over the long term. That's why it's important to shop around for the best odds and to use tools like OddsShopper to find the best odds available.
Here are some tips for reducing the vig:
By understanding the vig and how to reduce it, you can improve your chances of winning in the long run.