This article is part of our Beating the Book series.
Chris Liss explains how often you need to win, in order to be a profitable sports bettor. All sportsbooks charge the bettor a "Vig" when they lose a bet. Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge, or simply the vig) is the fee charged by a bookmaker for accepting a gambler's wager.
Chris Liss explains how often you need to win, in order to be a profitable sports bettor. All sportsbooks charge the bettor a "Vig" when they lose a bet. Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge, or simply the vig) is the fee charged by a bookmaker for accepting a gambler's wager.
