Although online sports betting is a lot of fun, many new bettors are unfamiliar with the jargon of sportsbooks. One of the more difficulty terms to understand is called reduced juice. Here is a look at both what a reduced juice is and how it helps you when betting online.
What is Reduced Juice?
Also known as the low juice, the basic concept of this term is for sportsbooks to lower their commission fee when drawing in new clients. Essentially, juice is the fee the sportsbook or casino takes from your bet when you place a wager. For instance the standard is 10 to 20 percent on a wager. What this means is that if you were to win $100 on a bet, the book might ask you to put down $110 or $120.
How Does A Reduced Juice Work?
In essence the reduced juice price attracts more bettors, because depending on the promotion you could pay anywhere between a five percent commission and no commission at all. How this benefits both the bettor and the book is twofold. Firstly, the bettor can risk more on lower odds, because they won’t be required to pay a commission to the sportsbook. Secondly, the sportsbook benefits because their ultimate goal is to have the customers bet as much as possible on their site.
As well, by risking more on a variety of wagers, the bettor can win much more money from the sportsbook because they will not be required to give up a small percentage to the shop. Basically, they get to keep all the winnings.
Who Provides Reduced Juice Prices?
In the early part of the decade, only the elite sportsbooks who were continuously ranked amongst the top five would carry reduced juice prices. Yet when the average shop saw that reduced juice was the way to go, they hopped on board with this approach as well. We still suggest that you deal with the most reputable elite online shops when it comes to reduced juices as they have the best handle on the concept.
