Who makes money betting, Meet the man who beat the bookies – and the banks. But the odds are against you


See All Questions How do sports betting companies make money?

who makes money betting

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.

who makes money betting

The sportsbook only collects the vig if the bettor loses the wager. For example, a point spread is often listed with odds.

who makes money betting

If the Eagles are Of course, not all sportsbooks are the same and sometimes regular odds are listed at or Who makes money betting 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.

who makes money betting

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 odds would push to or higher because that bet is getting a lot of money.

who makes money betting

If a lot of people are betting the Eagles at