Hey everyone,
I'm new to this forum and also new to placing "big boy" bets. I've done well betting with friends and family but thats normally 1 to 1, for example, we both put up $100 with or without a point spread and winner gets the others $100.
I'm looking to jump into online sportsbooks and I want to make sure I understand the juice completely before I make any bets. For example, if it's +110 for the Red Sox and -110 for the Yankees, you would have to bet $100 to win $110 for the Sox and you would have to bet $110 to win $100 for the Yankees.
While reading up on the juice, it says that if you bet the underdog you don't pay any juice because your taking a chance by betting the dog. So, in the example above, I bet $100 on the Sox to win $110. If the Sox win, I would have $220 credited to my account ($100 bet + $110 winnings), is that correct and no juice is paid?
Say I bet $110 for the Yankees and they win, since I bet $110 to win $100 and they were the favorite, I would actually receive $200 credited to my account ($110 bet + $90 winnings), the other $10 going towards the juice?
I read on one website that if you win, you don't pay the juice. If anyone can help clarify this for me it would be greatly appreciated!!
I know I'm a noob to sportsbooks betting, so take it easy on me with the responses.