Review Of Magic Number In Sport Betting

Every so often it is actually helpful to your long time success as a sports betting fan to take a step back and review some of the basics of sports betting. With that in mind, following is a quick review of one of the fundamentals of sports betting. This fundamental is quite often referred to as the “magic number”.

What is the magic number? In the world of sports betting, the magic number turns out to be -110. Why so? Understand that -110 represents the actual amount required by the sports betting operator or sportsbook to earn $100 on either side of most sports bets. On the other side of this same wager, that means that the sports betting fan must shell out $110 for the opportunity to win $100 on point spreads.

From the perspective of the sportsbook, the magic number or -110 is this metric the sports betting operator uses to ensure they are able to take wagers from sports betting fans and still stay in business. The profit or commission which is more commonly referred to in the sports betting world as the juice or the vig is what is earned on those bets placed.

Here is how that works in practice. Think of the vig as something similar to a broker fee. This fee allows the sportsbook to take one winning sports bet and one losing bet and still come out ahead on the same wager.

On the other side of the wager, from the sports bettor’s perspective, that -110 can be compared to wagering on a small moneyline. That typically means that there is a spread or total involved where the sports bettor takes one side or the other to cover the number.

You should also know that is not uncommon for sportsbooks to offer what is referred to as ‘reduced juice or vig’. In other words, instead of the typical -110, you may see numbers such as -105. That is a clear indication that the sports book is attempting to bring in more wagers.

Which is a good thing for you. Thus the oft repeated sports betting advice to always shop around for the best available sports betting lines before you reach into your pocket and open up your wallet. After all, don’t lose sight of the fact that your end goal is to ultimately walk away as a winner with the most money. If you spot an opportunity to pay less for the possibility of winning the same amount, you owe it to yourself to take a closer look.

Bottom line: now that you have reviewed what the magic number in sports betting is all about, you can make a more informed sports betting choice.

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