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Started By
Message
How much is a typical "fee" to place a bet in Vegas?
Posted on 10/31/16 at 10:56 am
Posted on 10/31/16 at 10:56 am
How much is the juice or surcharge to place a bet?
I ask because I'm looking at money lines and point spreads in NBA right now.
I see Clippers -625(rounded) vs Phoenix ML and Phoenix +10.5 spread.
If you were risk averse you could put $625 on Clippers ML and $625 on Phoenix +10.5.
If the Clippers lose or cover the spread, you would just be out the fees from the bets. If the Clippers won, but didn't cover, you would make $725.
But that's $1,250 in bets. At 3%, fees are $37.50. I know it's a narrow scope for you to win but $37 cost at a potential to win $725 isn't terrible.
I'm not sure what fees are, I've never placed an official sports bet. If it was 10%, that would be $125 in costs which would change things a bit.
I ask because I'm looking at money lines and point spreads in NBA right now.
I see Clippers -625(rounded) vs Phoenix ML and Phoenix +10.5 spread.
If you were risk averse you could put $625 on Clippers ML and $625 on Phoenix +10.5.
If the Clippers lose or cover the spread, you would just be out the fees from the bets. If the Clippers won, but didn't cover, you would make $725.
But that's $1,250 in bets. At 3%, fees are $37.50. I know it's a narrow scope for you to win but $37 cost at a potential to win $725 isn't terrible.
I'm not sure what fees are, I've never placed an official sports bet. If it was 10%, that would be $125 in costs which would change things a bit.
7
Posted on 10/31/16 at 10:59 am to Tigerfan56
No fees. Vegas banks on everyone being a dumbass, and theres a whole lot of dumbass out there.
But seriously, there are no fees in sportsbetting. Even neighborhood bookies dont charge a fee just to place a bet.
But seriously, there are no fees in sportsbetting. Even neighborhood bookies dont charge a fee just to place a bet.
This post was edited on 10/31/16 at 11:01 am
Posted on 10/31/16 at 10:59 am to Tigerfan56
Phoenix is playing well despite record. They are keeping the games close. 10.5 seems like a large number to me.
Deondre Jordan may not play either. He hurt his thumb yesterday.
Deondre Jordan may not play either. He hurt his thumb yesterday.
Posted on 10/31/16 at 11:00 am to Tigerfan56
Dime lines (-110) For Sides
Westgate offers -105 lines during the week at times. Find the printouts.
Westgate offers -105 lines during the week at times. Find the printouts.
This post was edited on 10/31/16 at 11:01 am
Posted on 10/31/16 at 11:01 am to the4thgen
quote:He means fee in terms of juice.
No fees.
quote:
Vegas banks on juice and law of averages
fify
Posted on 10/31/16 at 11:01 am to the4thgen
quote:
No fees. Vegas banks on everyone being a dumbass, and theres a whole lot of dumbass out there.
But seriously, there are no fees in sportsbetting. Even neighborhood bookies dont charge a fee just to place a bet.
Not sure if serious
Posted on 10/31/16 at 11:02 am to the4thgen
quote:
No fees. Vegas banks on everyone being a dumbass, and theres a whole lot of dumbass out there. But seriously, there are no fees in sportsbetting. Even neighborhood bookies dont charge a fee just to place a bet.
So if you bet $625 on the money line you would win $100 and if you bet $625 on the spread you would win $625? No built in juice?
I'm seriously asking, just out of curiosity. Not sure why all the downvotes
Posted on 10/31/16 at 11:04 am to Tigerfan56
quote:
So if you bet $625 on the money line you would win $100 and if you bet $625 on the spread you would win $625?
No it is likely -110 odds as golden nugget stated. Therefore you win 568.18
This post was edited on 10/31/16 at 11:06 am
Posted on 10/31/16 at 11:09 am to Winston Cup
quote:
No it is likely -110 odds as golden nugget stated. Therefore you win 568.18
Makes a lot more sense. Wouldn't be worth it then to do the situation I described in OP. Just have always been curious when I see a big NBA favorite.
Posted on 10/31/16 at 12:44 pm to Tigerfan56
-110
Posted on 10/31/16 at 2:04 pm to Tigerfan56
If you do that and the clippers win by 11 or more you're screwed. You'd win $100 on the clippers ml but lose $625 on the Suns +10.5
Posted on 10/31/16 at 2:43 pm to Tigerfan56
-625 means you are betting $625 to win $100.
If Clippers win by 11+, you win $100, but lose $625+10% vig. That's a net -$587.50
If Clippers win by 10 or less, you win $100 and $625. Net of $725.
If Suns win, you break even.
If Clippers win by 11+, you win $100, but lose $625+10% vig. That's a net -$587.50
If Clippers win by 10 or less, you win $100 and $625. Net of $725.
If Suns win, you break even.
Posted on 10/31/16 at 2:46 pm to Tigerfan56
10%
Posted on 10/31/16 at 3:32 pm to little billy
(no message)
This post was edited on 10/31/16 at 3:44 pm
Posted on 10/31/16 at 3:38 pm to Tigerfan56
Clips by 11+ = -$525
Clips by 0-10= +$668
PHX wins= -$57
Clips by 0-10= +$668
PHX wins= -$57
Posted on 10/31/16 at 3:45 pm to someoldhussy
yeah I fricked up in my thinking
Posted on 10/31/16 at 4:58 pm to the4thgen
quote:
Even neighborhood bookies dont charge a fee just to place a bet.
wtf
Posted on 10/31/16 at 6:17 pm to the4thgen
quote:
sportsbetting. Even neighborhood bookies dont charge a fee just to place a bet.
Tell that to my broken knee cap you frickin mook
Posted on 10/31/16 at 6:35 pm to the4thgen
quote:
Even neighborhood bookies dont charge a fee just to place a bet.
I guess they are like the First CitiWide Bank from the SNL skit. All they do is make change.
"Customers ask us how do you make money doing this. The answer is simple. Volume."
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