Bovada has recently began charging a 5.9% fee for all deposits on V1SA and Mas+ercard and a 9.9% fee for all Amex deposits, except for the first deposit.
With the 2.38% juice that’s already placed on bets, that means that you have to win 58.01% of your bets to break even if you use V1sa or Mas+ercard and 62.51% of your bets to break even with Amex. The calculuation is even worse than simply adding 5.9% + 2.38% and 9.9% + 2.38%. You actually have to calculate (1.059 x 1.0238)-1 to determine the overall juice with V1SA or Mas+ercard and (1.099 x 1.0238)-1 to determine the overall juice with Amex.
55% is often cited as the maximum a better can hit. Both of these break-even totals are well above that.
Bovada is being rather sneaky. Few people realize that a deposit fee is essentially added juice. It’s just being paid up front, rather than on the bet itself.
I’m very surprised that nobody on this forum has seemed to mention this before. How does Bovada still have an A grade?
God I hate the gambling laws in the US. It leaves us with such a shortage of sportbooks, and the few we have can treat us like shit since they have few competitors.
And, if you’re over the age of 25, please don’t tell me that you use bitcoin. (Which is the only thing on Bovada with no deposit fee.)
PS why won’t this website let me type out V1SA and Mas+ercard.
With the 2.38% juice that’s already placed on bets, that means that you have to win 58.01% of your bets to break even if you use V1sa or Mas+ercard and 62.51% of your bets to break even with Amex. The calculuation is even worse than simply adding 5.9% + 2.38% and 9.9% + 2.38%. You actually have to calculate (1.059 x 1.0238)-1 to determine the overall juice with V1SA or Mas+ercard and (1.099 x 1.0238)-1 to determine the overall juice with Amex.
55% is often cited as the maximum a better can hit. Both of these break-even totals are well above that.
Bovada is being rather sneaky. Few people realize that a deposit fee is essentially added juice. It’s just being paid up front, rather than on the bet itself.
I’m very surprised that nobody on this forum has seemed to mention this before. How does Bovada still have an A grade?
God I hate the gambling laws in the US. It leaves us with such a shortage of sportbooks, and the few we have can treat us like shit since they have few competitors.
And, if you’re over the age of 25, please don’t tell me that you use bitcoin. (Which is the only thing on Bovada with no deposit fee.)
PS why won’t this website let me type out V1SA and Mas+ercard.
