Re: Fee/Rake question
Yeah that is the vig/juice, whatever you want to call it and it is somewhat similar to a rake in poker. It's basically the transaction cost for them booking your action.
A place that has -120 both ways has 20 cent lines. In other words, it's going to cost you 20 cents out of every dollar to make a straight up bet. That is a bad bookmaker, and I would avoid that. A place that has -115 both ways has 15 cent lines, and -110 both ways is 10 cent lines. 10 cent is about as good as you are going to get right now, unless you want to move to an exchange such as Matchbook.
If one side of a bet is -120 (12 to win 10) and another side is +100 (10 to win 10), that probably means that they are taking more action on the -120 side and want to entice action on the opposite side (not necessarily the case, but as a beginner just assume it is) in order the balance their book.
A lot of this information can be found on Google and/or Wikipedia.
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