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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
1
Ensure Good Bankroll Management. Effective bankroll management is essential for long-term success. ...
2
Be Research-Driven. ...
3
Track Your Results. ...
4
Use Value Betting. ...
5
Shop Around for the Best Odds.