[freewheeler]

Who pays the vig??? That's really a stupid question when you come right down to it. It's a simple 10/11 proposition. End of story. Loser always loses his entire stake. Duh. Winner gets back what he deserves based on 10/11 (or whatever) odds he accepted when he made the bet. The math in the example assumes a perfectly balanced book. This hardly ever actually happens. What the bookmaker makes depends on the outcome, just like for the bettor. Difference is only that the bookmaker has the odds stacked in his favor. And CAN - usually - if he wants, lay off enough action one way or the other to guarantee a profit. "Who pays" the juice is really a silly question. It's just a 10/11 proposition pure and simple.