Quote:
Originally Posted by coldhardfacts
Yes, they can do MUCH better than that. Not to quibble, but -110/-110 means on any bet you're laying 55 to win 50. I've been out of school a while, but back in the day that was 10 percent.
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Calculating Juice 101 - For folks who have been out of school a while
If a book offers -110/-110
Player A bets $110 on Team A
Player B Bets $110 on Team B
The book holds $220
Regardless of the result the book will payout $210
Books payout is 210 divided by 220 = 95.46%
Juice = 100 - payout (95.46) =
4.54%