Basics???
 

Real Simple Q's:

1.What is the average cost to make a wager. Say I put $10 on the Redskins tonight with the 7 point spread. What will the average bookmaking site charge me for the wager? 10%? Less?

2.Am I correct in understanding that if I bet $1 on the Redskins at +270 I will win $2.70 if they win and if I bet $1 on the Eagles at -330 I will win $1.33 if they win. So the bookmaker is taking about how much? Do they charge me to make the wager or do they just arange these odds to profit long term?

Thanks

Re: Basics???
 

1. In NFL, 20c of juice is pretty standard on most sites. That means you're usually risking $11 to win $10.

2. You're slightly off. Betting $1 at +270 means you'll be paid out $2.70 in addition to your original stake. Betting $1 at -330 will pay you out $0.30 in addition to your original stake. The "charge" you pay to make the wager is included in the odds. Otherwise, the price you would see would be something like -300 and +300 (the non-juice price).

Re: Basics???
 

[ QUOTE ]
1. In NFL, 20c of juice is pretty standard on most sites. That means you're usually risking $11 to win $10.

[/ QUOTE ]

Isn't risking 11 to win 10 a 10% loss...ie:10c of juice. Or is juice not percent?

Re: Basics???
 

[ QUOTE ]
[ QUOTE ]
1. In NFL, 20c of juice is pretty standard on most sites. That means you're usually risking $11 to win $10.

[/ QUOTE ]

Isn't risking 11 to win 10 a 10% loss...ie:10c of juice. Or is juice not percent?

[/ QUOTE ]
Both sides of the wager are at -110.