How are bookies so good?

How are bookies so good?

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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