Finding the best online sportsbook can be a time-consuming task, especially if you are new to sports betting. Even if you are a seasoned online sports betting veteran, it still can be difficult to narrow down your choices given that the market is highly competitive and arguably oversaturated. One of the most important factors (if not THE most important factor) to consider, is which online sportsbook has the lowest juice/vig.
Vigorish (vig), also known as juice, is the fee that a sportsbook charges for accepting a wager. Online sportsbooks, as well as land-based sportsbooks, use juice/vig in attempt to alleviate and minimize their risk for accepting wagers – and it is an attempt to try and create reasonable odds and collect a small commission.
For example, a moneyline could be -100 vs. +100 without any juice/vig. However, an online sportsbook may apply juice to account for the risk of accepting the wager and as a result, the same odds could become -105 vs +105, or even worse -110 vs. +110, etc. Proportional increases, like the previous example, are known as proportional vig. Alteratively, if the same moneyline example was adjusted by an online sportsbook to become -115 vs. +100 the line is still juiced but disproportionately, which is commonly referred to as disproportional vigorish.
As a bettor, you want to be aware of the juice/vig that your sportsbook is charging since higher juice/vig is less beneficial. For example, a $100 bet on a moneyline wager of -100 will net you $100, whereas a $100 bet on -110 will only net you $90.
Juice/vig is standard and an established norm in the sports betting industry. In fact, the standard juice starts at -110 for most wager types. However, in this article, we highlight some online sportsbooks that typically offer the lowest juice/vig at their sportsbook.
Arguably the most known online sportsbook with reduced juice in the sports betting industry is 5Dimes. Given the name, it is easy to deduct that the lines offered at 5Dimes are 5 cent lines (or -105). 5Dimes allows bettors to wager on a wide range of sports markets, including basketball, baseball, football, soccer, hockey, boxing, and a whole lot more. They offer lines on the largest, most well-known leagues as well as smaller, lesser known leagues from around the world.
BetMania offers reduced juice lines on sports such as football, where for example the lines are -107 as opposed to -110. BetMania is largely known for its teaser bets but with more and more reduced juice/vig lines appearing as part of their line offering, we would recommend looking at their offering and adding it to your list of online sportsbooks with the lowest juice/vig.
Heritage has quickly made a name for itself as being a top online sportsbook with reduced juice on a wide range of sporting events. They offer reduced juice options, which include moving lines from -110 for football or basketball to -108, which will save you money in the long run. With betting available for all major sports, Heritage is a viable online sportsbook with reduced juice/vig.
Another popular online sportsbook that offers 5 cent (-105) lines is Pinnacle. However, it is important to note that they are currently not accepting any US-based sports bettors. Other online sportsbooks with low juice/vig to consider include Nitrogen Sports and Sportbet.
As a sports bettor, you would generally prefer to use a sportsbook with reduced juice/vig. However, there are some caveats to offering reduced juice betting lines. For instance, if an online sportsbook offers reduced juice than they are more likely to not focus on other forms of player retention and marketing, such as bonuses and promotions. They can likely assume you will keep them as your online sportsbook of choice due to their reduced juice and for that reason, they will probably not worry too much about other ways to keep you or even acquire new bettors. If they do offer bonuses, which all online sportsbook typically do, you can expect the terms and conditions to be a bit more stringent.
Additionally, an online sportsbook that offers reduced juice/vig will typically allow for higher wager limits for most, if not all, bet types on their site. Their goal is to maximize the total amount bet or even the amount of bets. Quite frankly, this can be viewed as both a positive and a negative, depending on your point of view.
Furthermore, an online sportsbook that offers reduced juice/vig is most definitely going to employ highly-skilled and cerebral oddsmakers to ensure they are sharp about the lines they offer and lines they choose to move. Because of this, holding out for betting lines (or line shopping) becomes a challenge for sports bettors wagering at reduced juice/vig online sportsbooks.
Overall, beyond juice/vig, there are several different factors to consider when looking to select your online sportsbooks of choice. Such as payout and withdrawal terms and methods, sports available, live betting options, reputation and/or company history, and more.
Reduced juice is right up there as one of the most important factors, however, you should understand that an online sportsbook is going to be smart about how to account for offering reduced juice/vig (which we alluded to above in the article). Because of this, we highly recommend doing your research on the reputation of the sportsbook, determine if they are known for any scams or fraud, what their customer service is like, etc. If all checks out to your liking, you should definitely take advantage of reduced online sportsbooks when possible.