How Online Sports Bookies Earn Residual Income

Although some online sports bookies have an unfounded reputation of being shady, it’s as legitimate as any other service-based job. Waiters take orders. Bookmakers accept wagers. Most of the time the bookmaker’s goal on any given sporting event is to make money from the service charge they apply to every wager. Called the juice or vig, the service charge is 10% of every dollar bet for or against the spread. If a bettor, called a player, makes a $100 dollar bet on one team to cover the spread, to win or not lose by a certain number of points, the…