When you become seriously interested in making a profit in sports betting, there are various factors you should remember. Solid handicapping and research are a given, as is a basic grasp of discipline and bankroll management.

Most bettors are aware of the pitfalls of poor bankroll management; that’s, they know that betting a high number of their bankroll on one particular game, or chasing losses with larger bets on the next game just isn’t a prudent thing to do.

Even because of this, there are plenty of sports bettors, even individuals who might qualify as advanced for most areas of skill, who take for granted the significance of the “juice,” or vigorish, in the sports betting business.

The juice is the fee the sports book charges that essentially puts the odds within their favor against the gamblers. The common fee is ten percent or -110; basically, you should bet $110 in order to win $100. If you win, the fee is returned together with the original wager and also the sum of the win for an overall of $210.

So what’s the problem, you ask? Most novice bettors, after they become experienced with this concept, often not give it much serious thought. They figure since they intend on winning anyway, what is the big deal about the fee they must pay up front should they intend on getting it back?

The truth is, the juice makes a much bigger difference over the long haul than you could expect. Within the short-run, the juice serves as a sort of coverage policy for the sports books that ensures them a profit whatever the outcome of each game.

Imagine, for example, that you walk up to the counter and place a $110 bet to win $100 on Team A. The customer behind you in line bets $110 to win $100 on Team B. The sports book has now taken $220 worth of wagers on the game and also will only have to pay out $210 regardless of which team wins, guaranteeing the business a $10 profit.

Many bettors mistakenly believe that this profit margin alone is what keeps sports books in business. This isn’t entirely true; even though the point spread as well as other odds are set with the hope of drawing “two-way action,” or bets on both teams, quality online soccer the juice is essentially a default position for the sports book.

In other words, if they receive exactly 50-50 action on each game both in volumes of wagers and amount wagered, the books will gladly accept the 10% profit that comes with this situation.

In contrast, this scenario is far from a common occurrence. More frequently not, the books are unbalanced on each game, meaning they took more bets on one side than the other. In essence, they may be gambling against the bettors, given that they will lose money if they side on which they are heavy wins the game. The sports books stay in business given that they win more often than they lose in these situations.

So as the juice only accounts for a portion of the profit for a sports book, it is a significant obstacle that stands between you and long-term success with sports betting.

This really is because beating the point spread on a consistent basis is difficult, and simply breaking even is a losing proposition. By way of example, if you bet $110 to win $100 on six different games and went 3-3, you might think you broke even for the day.

Think again. Whenever you placed your bets, you gave the sports book a total of $660 and, despite winning half of them, you are now only picking up $630 whenever you cash your tickets.

Over the long haul, these $30 losses add up and, the better you bet, the better juice you shall pay. This forces you to win at a higher rate than 50 percent to be able to show a profit.

The break-even point for sports bettors when you factor in the juice becomes 52.5%.

Again, the 2.5% edge the house gets from the juice might not seem like much, but let’s compare this to other gambling games.

A blackjack player who uses correct basic strategy on every hand can expect to break even against the home in the long term. A sophisticated card counter can expect to achieve a 1-2 percent edge over the home. This seemingly slight edge is sufficient to get card counters banned from the casino as soon as management catches on to them.

So if you bet 100 games against the point spread, you need to hit 53 of them in order to just break even. This really is the equivalent of the sports book taking a three-game lead on you prior to deciding to bet the next 97.

The goal you need to shoot for is at the least 55 percent, with the hopes of hitting 57 percent or higher over the long haul. With good handicapping and discipline this is possible, but you need to always keep the juice factor in mind.

You must count the juice as part of your wager and factor it in as a share against your bankroll. For example, if you bet $110 to win $100 and your bankroll is $1,000, you are betting 11 percent of it, not ten percent. As a result of this, it is very important to understand your bankroll.

Some sports books, particularly of the on-line variety, might give a weekly special in which the juice is -105 on a particular day or event. This is something you should take advantage of, as you are receiving a product which is worth $110 for $105.

Additionally, if sports books are heavy on one side of a game, they might change the juice on each side to generate more action. By way of example, if a 4-point favorite is heavily bet, they might charge -120 for the favorite and let you take the underdog for even money. Should the underdog is the side you liked to start with, this really is a situation you must take advantage of.