Hi all. Newbie here to sports betting. I understand the math but wanted to get opinions on when you feel
the vig is just too much.....even if you like the line.
Let me use an example:
NFL football:
NEw England -14.5 (-110)
Buffalo +14.5 (-120)
So I understand if I want to make straight bet on the point spread for NE I need to lay $110 to win $100.
If I want Buffalo I need to lay $120 to win $100.
If I really like Buffalo and getting the points do I lay the extra juice just because I am confident Buffalo will cover?
What if the juice is (-125) or even (-130)? At what point do you say "I love the line but the juice is just too much!
Obviously, some bets you may need to lay only 5% (-105), so it goes the other way as well.
My bet size is only $200 and only straight bets on the fav or underdog so the difference between (-110) and (-120) is only $20 and will not come up on every bet.....but over the course of a season betting 5-6 games a weekend will cut into overall winnings for the season (if I am so lucky).
Just a note. I know some will say shop around. I am sure many of you have accounts at a few online books for that purpose , but I am in USA and do not want to deal with the difficulty of deposits, cashouts, etc.
The casino in my state offers legalized sportsbetting. Go to the window, make your picks, and hopefully cash with no fuss or delays. Obviously, this does limit options for shopping lines and vigs.
Appreciate any thoughts.
the vig is just too much.....even if you like the line.
Let me use an example:
NFL football:
NEw England -14.5 (-110)
Buffalo +14.5 (-120)
So I understand if I want to make straight bet on the point spread for NE I need to lay $110 to win $100.
If I want Buffalo I need to lay $120 to win $100.
If I really like Buffalo and getting the points do I lay the extra juice just because I am confident Buffalo will cover?
What if the juice is (-125) or even (-130)? At what point do you say "I love the line but the juice is just too much!
Obviously, some bets you may need to lay only 5% (-105), so it goes the other way as well.
My bet size is only $200 and only straight bets on the fav or underdog so the difference between (-110) and (-120) is only $20 and will not come up on every bet.....but over the course of a season betting 5-6 games a weekend will cut into overall winnings for the season (if I am so lucky).
Just a note. I know some will say shop around. I am sure many of you have accounts at a few online books for that purpose , but I am in USA and do not want to deal with the difficulty of deposits, cashouts, etc.
The casino in my state offers legalized sportsbetting. Go to the window, make your picks, and hopefully cash with no fuss or delays. Obviously, this does limit options for shopping lines and vigs.
Appreciate any thoughts.
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