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Juice, or vig, is the cut or amount charged by a sportsbook for taking a bet from a gambler.
Sportsbooks do not want to have a vested interest in the outcome of a game.
Rather than wanting to chance it, the sportsbook would rather keep it fairly even and profit regardless.
Thus, the juice comes in
So simple even we can do it.
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(ca. 4 BC – 65 AD; Roman philosopher, dramatist, and writer)