sportsbook payouts

Vigorish, or simply the vig, also known as juice or the take, is the amount charged by a bookmaker, or bookie, for his services. In the United States it also means the interest on a shark's loan. The term is Yiddish slang originating from the Russian word for winnings, выигрыш vyigrysh. Bookmakers use this concept to make money on their wagers regardless of the outcome. Because of the vigorish concept, bookmakers should not have an interest in either side winning in a given sporting event. They are interested, instead, in getting equal action on each side of the event. In this way, the bookmaker minimizes his risk and always collects a small commission from the vigorish. The bookmaker will normally adjust the odds, or line, to attract equal action on each side of an event.

The concept is also sometimes referred to as the overround, although this is technically different, being the percentage the event book is above 100% whereas the vigorish is the bookmaker's percentage profit on the total stakes made on the event. For example, 20% overround is vigorish of 16+2⁄3%. The connecting formulae are v = +o⁄(1 + o) and o = +v⁄(1 − v) where o is overround.

It is simplest to assume that vigorish is factored in proportionally to the true odds, although this need not be the case. Under proportional vigorish, a moneyline odds bet listed at −100 vs. −100 without vigorish (fair odds) could become −110 vs. −110 with vigorish factored in. Under disproportional vigorish, it could become −120 vs. +100.

Common misconceptions about vigorish are that it is paid by only the "loser", only the "winner", or both in all circumstances. A claim on when and to what extent a gambler pays vigorish fees, however, cannot be abstracted from an individual gambler's behavior. A gambler's behavior with respect to different odds on an event must first be defined and only then can a determination be made on how the vigorish affects him when he wins and loses.One of the most important things that you must look for at USA sportsbooks is how you will get your money and how fast you will get your money. This page is dedicated to helping you get the fastest sportsbook payouts available. We have had tons of experience working with these USA sports betting sites and we give great value to the sportsbooks with the fastest payouts. What in the hell is the point in betting on sports if you never see your money or if it takes 2 months to get it.

There are all kinds of different ways to request payouts from online sportsbooks and they all have their advantages and disadvantages. If you are a big time baller that likes to bet big money on games then you will probably want to go with a wire transfer directly into your bank account. If you are like 99% of people and you want to cash out less then $3k at a time then you can get your money real fast by getting a check by mail from the sportsbook. They send them UPS or FedEX and you will usually have them within 3 business days or so after they take it out of your sportsbook account.