KOOPERATIVA poisťovňa, a. VIG 20 jaar 3 maanden schade expert KOOPERATIVA poisťovňa, a. VIG mei 2002 - heden 18 jaar 9 maanden. 1994 - heden 26 jaar 10 maanden. Slovak Republic Opleiding Gymnazium HBO English Language and Literature. To explain what “vigorish” is, it helps to understand how bookies and the sportsbooks operate. Sports betting is in fact a unique form of gambling. But it is gambling. And in any form of gambling, the “house” always has a mathematic edge. For example, I’ve seen the Super Bowl coin toss vig ranging anywhere from -101 to -105. In layman’s terms, it takes a $101 bet to pay out $100 at -101, while a bettor needs to risk $105 to. What is the vig in sports betting? Quite simply, the vig, vigorish, or juice, is the house edge.The word itself carries a bit of a negative connotation because it is also used to describe the usually high interest charged by loan sharks.

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.

For example, a point spread is often listed with -110 odds. If the Eagles are -6.5 point favorites, that would be at -110 odds. If there was no vig, it would be at even odds, or +100. With the vig, a $100 bet would result in a $190 payout. If there was no vig, a $100 bet would result in a $200 payout. This simply means if you want to win $100, you'd have to bet $110 because of the vig and when the bet loses, that $10 goes straight to the sportsbook.

Vig Gambling

Of course, not all sportsbooks are the same and sometimes regular odds are listed at -115 or -120. As more states legalize sports betting, the variety in vigs across states will be a talking point. That's because a lot of in-person sportsbooks take a higher cut of bets than online sportsbooks, who receive more bets because they are more widely accessible. While each state has different rules, there are certain states where sportsbooks have a higher vig across the board, no matter where you wager.

There are also situations where -110 odds would push to -120 or higher because that bet is getting a lot of money. If a lot of people are betting the Eagles at -6.5 (public money) and the sportsbook doesn't want to move that number to -7, they'll push the odds to -120 or -130, meaning a $100 bet would result in an even smaller payout.

This Vig Removal Calculator does one simple task. You can work out how much vig any bookmaker is charging on any 3-way odds market (this obviously includes football).

Sports Gambling Vig

What Is Vig or Vigorish?

In any market online bookmakers have to try and weight up the balance between offering odds that will attract punters to bet on the event and making a profit on the book.

To do this, the betting company works towards ensuring that the odds they offer have a built in ‘vig’ in their favour.

Vig is a term used in the gambling industry to refer to the “house edge”.

It is often used in casino games, such as roulette, craps or blackjack. For example, the vig in the game of roulette is the one (or two if you are playing the American version) green squares, which mean every spin of the roulette wheel sees a just less than 50/50 chance of the ball landing on red or black. This slight difference in odds is the houses vig and means that over time, they should turn a profit on the table.

Vig Gambling Term

In sports betting the vig is less easy to identify and is often built in to the odds a bookmaker will offer.

As a serious punter, you’ll be well aware of the need to get the best possible value bets on any selection you make and when it comes to having a bet in a sporting event with 3 possible outcomes, such as the result of a soccer or hockey game, there is a way to do this using the handy calculator above.

How To Use The Vig Removal Calculator

Using the calculator is relatively easy; you simply find the sporting event you wish to bet on and then enter the odds for the three possible results, home win, away win and draw into the odds column in a decimal format.

Once you have entered these odds, click on the Convert Odds button and this will display the No-Vig% (a theoretical percentage of what the bookmakers believe the chances are of a certain result occurring) and then most critically next to this column are the the No-Vig Odds. These are the odds which, if you can find them available, give you the best value on that bet and increase the amount you’ll win from the bookmaker.

3 Points Above The Vig

For example:

We want to bet on a soccer match between Liverpool and Norwich City, the three betting options for the outcome of the game are:

Liverpool win at odds of 1.32
Norwich win at odds of 5.12
Drawn match at odds of 3.81

All you do is enter these odds into the Odds column of the calculator and then click on the Convert Odds button below.

The above example produces the following results:

Liverpool Win (1.32)- 62.33% No Vig Odds: 1.6043
Draw (3.81) – 21.60% No Vig Odds: 4.6301
Norwich Win (5.12)- 16.07% No Vig Odds: 6.2232

Vig Gambling Term

With a clear indication of what the best No-Vig odds are, you can now scout other betting sites and see what the best available odds are for your game in these markets and if you see odds available that are closer to the No-Vig odds, rather than the original odds, you’ve found yourself a much better bet.