Vig Sports Betting

 
  • Sports betting is one of my favorite forms of entertainment. I love to supplement my love of sports with a side sports bet. What gives me the thrill is to not only to see my player or team on the.
  • Free no-vig calculator should be used to calculate no-vig odds and probabilities on your sports bets. It’s an excellent tool for comparing betting sites and picking the best one to place a sports.

An overview of the best online bookmakers operating in Europe, Asia, Africa and the USA under various licenses. We test all betting sites presented on our site.

The Oddities of sports betting

Dear Mark,
If I were to make a $11 wager on a sporting event, what is my total return, $20 or $21? Justin D.

No Vig Sports Betting

Betting

Your question, Justin, describes what is called a straight bet. A straight bet simply means that you are picking one side or the other to win, plus or minus points. As an example let’s use your hometown Lions -3 vs. Green Bay. If you bet Detroit giving 3 points (-3 Points), you have to put up $11 to win $10 that Detroit will beat the Packers by more than 3 points. You win $10 for your handicapping efforts, and receive your original $11 back for a total of $21.

Dear Mark,
How does a casino make money on sporting bets when you bet against the spread? Nick L.

Whenever you place a point-spread type wager, Nick, you lay 11 to win 10. That means if you want to win $100, you have to wager $110 no matter which team you are betting. If you win, you will collect $210-your $110 wager plus the $100 you just won. This commission, also called a vigorish (a.k.a. vig), is the compensation taken by the house on every sport bet wagered.

Dear Mark,
My brother-in-law never makes a bet on his favorite football team, but on the final score. What type of bet is that? Cindy H.

Football betting, Cindy, offers you the ability to wager on the combined total of points scored by both teams during a game. This bet is called a “totals” wager or an under/over bet. Winning an over bet requires that more points be scored than the linemaker’s total. Winning an under wager requires that fewer points be scored.

Dear Mark,
Could you please explain a two-team parlay bet, specifically what happens if only one team wins and the other ties? Gabe H.

A parlay bet is merely betting on two teams and both have to win. In case of a two-team parlay and one team ties (pushes), the bet reverts to a single wager, and pays off accordingly. Otherwise, if you parlay two teams and both win, the odds are 13 to 5, netting you $13 for every $5 you wager.

Dear Mark,
What percentage of sports bets do I have to win to be even against the casino? Jessup C.

To break even against the house edge, you need to win at least 52.38 percent.

Dear Mark,
When the casino sports book has a game circled, what does it usually mean? Marty C.

A circled sporting event indicates that you will not be able to bet the normal maximum. If the normal maximum betting limit is $5,000, the casino may accept only a $2, 000 wager on a circled game. Circled games generally mean that the sports book is unsure of the correct line or the status of an injured key player is unknown.

Dear Mark,
I realize that I am betting a long shot when I bet a 10-team parlay, but what are my true chances of hitting it? Lorenzo D.

Vig sports betting games

The casino will pay you 500 for 1 when you hit a 10-team parlay, but your chances of hitting one are 1,023 to 1. Ouch! Too sweet a profit for the casino for my hard-earned money.

Gambling thought of the week: For full-time gamblers, time loses more than its context at the track. Post time is one, Tuesdays are dark. What else matters. -Brendan Boyd, Racing Days (1987)

Below are the top rated online sportsbooks in the industry today. Sports Interaction caters to Canadian bettors only and have been in business for decades. They are the most trusted and reputable betting sites with easy depositing and fast withdrawal speeds. They have a long list of deposit methods and withdrawal methods. Payout times are as quick, usually 2-9 days. We recommend this site as being the most trusted, safest, most secure, great bonus offers, best deposit options, and quickest withdraw times on the internet.

To place a bet, click on the link listed below. All of our sports betting lines are updated every day. 18+, T&Cs apply, and Gamble Responsibly (BeGambleAware).

Voted Best Sports Betting Sites

  • Canada
  • 1
    Sports Interaction
    huge selection of betting options. Safe and Secure. Canada’s #1 book.

2018 Live Line Comparisons

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Betting Lines Explained

This section will show you how to read sports betting lines in the most popular odds formats. There are three ways that sportsbooks on the internet list their odds; called fractional, decimal, and American. Depending on where you live in the world generally determines which type of odds format you’re familiar with. For example, people in the UK are more familiar with fractional odds, while punters from Australia use decimal odds.

The best sportsbooks online give handicappers the ability to view odds in whichever format they prefer, so look for that button whenever you visit one of them. Here’s some info on how to read the different types of lines & odds.

How to Read Fractional Lines & Odds

Fractional betting lines are listed just like we learned in elementary school. 7/2 fractional odds equal 3.5:1. This means that for every $1 bet, you’d win $3.50 more, for a total payout of $4.50 (3.5 x $1 = $3.50 + $1 wager = $4.50).

Bettors get their original wager back, plus the win amount. So if you placed a $100 bet on a team with 5/1 fractional odds, you’d get your $100 back, plus $500 more (5 x $100).

10/1 fractional odds on a $200 bet would pay your original wager of $200, plus $2000 more (10 x $200), for a total payout of $2200.

Decimal Lines & Odds

Decimal odds are viewed as a number with a decimal point, as in 1.85, 3.55, or 5.0. Decimal odds reflect the total return a bettor gets back on a win for every $1 wagered, including the wager amount. So, a 1.85 line means that for every $1 wagered, a bettor would receive a total return of $1.85.

An even-money bet would show decimal odds of 2.0. So, if you place a $1 bet on a team with 2.0 decimal odds, you’ll get back a total of $2; your $1 wager, plus $1 in profit.

A team with 5.5 decimal odds would pay $4.50 in profit, plus your $1 wager, for $5.50 total return.

To calculate a decimal odds payout, multiply the odds times the wager amount. For example; 4.5 decimal odds on a $50 bet would be calculated as follows: 4.5 x $50 = $225 total return.

Sports Betting Lines

American Lines & Odds

American lines are displayed as negative (-) and positive (+) odds, and based around the $100 figure. Negative lines indicate the favorite, and positive lines indicate the underdog. Of course $100 wagers are not required, this is just the number used to calculate the odds.

Negative Lines

Negative betting lines indicate the amount of money needed to wager in order to win $100 in profit. So, a -160 means a bettor would need to wager $160 to win $100. A -240 line means they need to wager $240 to win $100.

Positive Lines

Vig In Sports Betting

Positive lines are just the opposite. Positive lines indicate the profit that can be won from a $100 wager. It does not include the original wager amount. So, a +160 means that a $100 wager would earn a $160 profit plus the $100 wager amount, for a total payout of $260.

A +240 line would pay out $240 in profit on a $100 wager, for a total payout of $340 ($240 profit + $100 wager = $340).

A +420 line would pay out $420 in profit on a $100 wager, for a total payout of $520 ($420 profit + $100 wager = $520).

Even Odds

Vig Sports Betting

Even odds are generally displayed as ‘even’, but sometimes you’ll see them listed as +100. Even odds simply means that for every dollar you bet, you can win a dollar in profit. A bet with even odds would pay $100 profit on a $100 wager.

Money Line Confusion

American odds are often called money lines, but this isn’t exactly accurate. A money line is a type of bet, not a system for calculating odds. The confusion comes from the fact that money line bets use American odds, but there is a difference.

Money lines are bets with no point spread involved – picking straight-up winners regardless of the score. However, American odds are used for more than just money line bets. American odds are used for any type of bet as a way to calculate the odds.

Sportsbooks on the Internet

One sportsbook might be best for NFL football lines, while another might have the best parlay odds, and another might have the easiest deposit options for U.S. bettors. They’re all a bit different, another reason for signing up at multiple sportsbooks or daily fantasy sports betting sites. We rank the best online betting websites based on a number of factors, and our overall favorites are listed below.

Best Online Sportsbooks

  • Sports Interaction: Canadian bettors only. Easy Visa and MasterCard deposits, tons of betting options for all sports, incredible live betting options & interface. Mobile betting available for iPhone, iPad, Blackberry, Android and Windows based phones. They are the most trusted and reputable sportsbook for Canadian bettors.

If you take your sports betting seriously, open accounts at several different sites. Always compare odds and look for the best lines before placing bets. There are benefits that handicappers get by online versus in a live sportsbook. First, it’s easy to compare odds at lot of sports betting sites because they’re only a click away. By comparing odds at a number of sportsbooks on the internet, you can be sure you’re getting the best odds & lowest vig (juice) possible. Slight advantages can be the difference of winning or losing a bet, and the amount you win or lose. In the long run, small advantages can really add up.

Live Betting Sites

Betting

Live betting (also called in-play) is quickly growing in popularity. This market continues to grow, with bookmakers adding more games to their live betting calendars. If you’re not familiar with live betting, these are wagers that can be placed while a game or match is happening. If you have a mobile phone, you can even bet on a game while you watch it from the stands.

In NFL football for example, bettors can wager on which player will be next to score, the result of every possession, if player X will record 100+ rushing yards, etc. Essentially, if you can think of it, you can bet on it.

For punters in Canada, Sports Interaction offers 200+ live betting events per day. Day or night, you can wager on a live event!

Promotions & Bonuses Offered

Most sports betting sites offer special promotions for their customers. This can include free NFL, NBA, or MLB bets, free mobile bets, free parlays, and a variety of other promos.

Vig Sports Betting Games

For new bettors, most give their players a deposit bonus when they sign up. Sign up bonuses range in percentage and total dollar amount from site to site. Also, some deposit bonuses are much easier to clear than others. At some sportsbooks, players have to wager their deposit amount, plus bonus one time. At other sites, players may have to wager 5-10 times their deposit and bonus amount. The sports betting sites that we recommend typically have very fair bonus requirements.