How are bookies so good?

Bookies win consistently because their approach is to lock in small but guaranteed profits. Because bookies collect 10% vig
vig
Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or simply the vig) is the fee charged by a bookmaker (or bookie) for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit.
https://en.wikipedia.org › wiki › Vigorish
Vigorish - Wikipedia
(penalty) on losing football bets, all the bookie needs is for the same amount of money to be bet on each team. A simplified example.

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2023-05-23 10:54:52

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