Luckily, sportsbooks do this complicated math for us, but you can read a full explanation here. * Confused where +243 came from? To calculate a parlay, the odds must first be changed into decimal odds, multiplied together and then reconverted back to American odds. What is betting juice The vigorish also known as vig or juice is the price sportsbooks charge for making a bet. If the Eagles are -6.5 point favorites, that would be at -110 odds. For example, a point spread is often listed with -110 odds. The sportsbook only collects the vig if the bettor loses the wager. You can also parlay bets across sports (a Packers and NWSL’s Portland Thorns bet, perhaps?) but most sportsbooks will cap a parlay at 10 total bets. Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice in slang terms. Remember: the less likely an outcome, the more money you could make. The reason the payout is bigger is because the chances of both of those bets winning is much smaller.You can bet on those individually or you can parlay them together with a combined odds of +243*. Let’s say you want to bet on the Green Bay Packers to win (-110) and the total score of the game to be more than 50 points (-125).A parlay (no, not that parley) combines two or more bets to greatly increase your possible payout but…it greatly decreases the chance of actually winning.
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Most weeks there will be at least two or three games with the dreaded spread of +2.5 leaving bettors asking themselves, “Should I bet the +2.5, buy the half-point to +3, or just take the moneyline?” Since so many spreads in the NFL are closer than in College Football, the results tend to be closer as well. In the NFL some of the most important key numbers include 3, 7, and 10. Article was originally published on Octoand has been updated and edited to reflect October 28, 2016 The house edge on slot machines varies depending on the game and the casino, but it can range from 2% to over 15%. The odds of winning a slot machine jackpot are typically very low, often less than 1 in a million. Slot machines are one of the most popular casino games, and they are also one of the most profitable for casinos. Now, let’s take a closer look at some of the most popular casino games and their odds of winning and house edge. 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