Importance of Sportsbook Vig

There are several things to consider to ensure the success of the bookie business. One of them is the sportsbook vig. The best bookie pay per head choice can help create lines that will ensure you get the right amount of vig all the time.

As a sportsbook operator, you need to pay for the PPH software each week. You must factor in all the expenses when determining the right vig. When you use the best sportsbook pay per head, you get all the tools and features to run the bookie business without playing a lot of money for it.

Sportsbook Vig

Vig plays a vital role in the bookie business. It is the source of the sportsbook’s profits. Also, it is part of the odds. Thus, you earn profits for each bet placed using the sportsbook. You can see the juice in the point spread.

For example, the Celtics are -2.5 at -110, while the Pacers are +2.5 at -110. That means that you need to bet $110 to win $100. The $10 is the vig. Thus, if five players wagered $110 on the line, the sportsbook earns $50. At $5 for every active player per week for the PPH service, then you already made enough to cover the fees through the vig alone.

The money line also has the vig, but it is less obvious. Sportsbook pay per head providers sources said that the vig could vary from one bookie to another. You can adjust the vig as you see fits. However, you should always follow industry standards.

Some sportsbooks offer reduced vigs to attract new players. There are some cases in which bookies offer no-vig lines as a promo. However, we can’t recommend that because you do not make any money when you remove the juice from lines.