Bookmaker's juice

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  • Martinr
    SBR Wise Guy
    • 07-08-13
    • 529

    #1
    Bookmaker's juice
    This is a question for anyone who is familiar with the way sports books frame their markets.
    Say a book's over-round (vig, juice) is 5%
    Do all books apply this evenly to all options in a market?
    For instance;

    True chances for Team A = 0.5
    """""""""""""""""" Team B = 0.5

    Odds would normally be 1.904 each of 2. Or 52.5% each (apologies for the decimal odds).

    So what if the book applies 2% juice to one side, and 8% to the other?

    Odds become 1.96 Team A (51%)
    """"""""""""""" 1.85 Team B (54%)

    The perception to the punter is that Team B is the favourite, but in reality both teams are equal according to the handicapper.

    The reason I ask this is for when the market is more favoured to one side.
    Say the odds on a Tennis Match are 1.10/6.50.
    This is a 6% juice market, but can I be confident that the 6% is applied to each side?

    Any oddsmakers out there?
    Last edited by Martinr; 02-10-14, 06:11 AM. Reason: Clarification
  • Cookie Monster
    SBR MVP
    • 12-05-08
    • 2251

    #2
    You are in the right track. Bookmakers do not juice evenly moneylines, they tend to charge more juice on the dog. There is a good thread on the subject:
    Sports betting and handicapping forum: discuss picks, odds, and predictions for upcoming games and results on latest bets.
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    • Martinr
      SBR Wise Guy
      • 07-08-13
      • 529

      #3
      Thanks, I'll check that out.
      I was actually thinking that they might tax the likely media favourite heavier, to give the impression that the money's down. A good example looks like the -3 line on the Spurs today.
      The good road record of S.A, the change of coach for the Pistons. To me it screams like a sucker bet and B365 have -3 Spurs @1.86/+3 Pistons @ 1.95.
      OK, maybe that's not such a good example. Obviously B365 don't set the lines (just thinking out loud here).
      Anyway, thanks again.
      Comment
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