Bookmakers Juice

In general, it is no secret that bookmakers will almost always get a profit, regardless of the situation. The bottom line is that the bookmaker adds to any ratio a specific percentage of their income (juice). The company"s income directly affects the amount of return from the concluded rates.
Of course, the juice is always different. The compensation depends on the degree of importance of the event in sports and, of course, the policy of the bookmaker. For events that are not particularly monitored, they often underestimate the percentage of juice, thereby attracting new beginners to betting more and more new bets, because the rates are their percentage, their profit, their income.

Juice Calculation Scheme

Many beginning players are accustomed to thinking that bookmakers make up coefficients, guided solely by their ideas. It is partly true. However, you need to look more detailed.
Employees of the bookmakers can predict with high accuracy who will win in another event, which is due to their extensive experience. However, a low coefficient does not always mean that the game will necessarily come. If all the favorites still won a victory, the bookmakers would disappear. By setting ratios for an event, bookmakers motivate bettors to bet on all possible outcomes of events.
Therefore, they manipulate events, offering the most enticing factors to attract new customers. But it is always necessary to remember that in each coefficient, there is a bookmaker juice. By adding a certain percentage to the probability, the betting company gets its income.
It should be noted that the more customers and, accordingly, rates, the higher the commission. Of course, it is quite challenging to catch the balance between the bets on all wins and losses, so bookmakers offer a huge mural, which allows for additional income.

Equal chances

This definition assumes that the bookmaker chooses opponents whose chances of winning are approximately equal. Let"s use a famous example with a coin. The opportunities that head or a tail will fall are equal: 50 to 50. If bets were taken on tossing a coin and were not included in the commission, we would have odds of 2.00 per eagle and tail.
In the real world, this does not happen, as bookmakers lay their commission in each coefficient. That is why ratios for equal chances will vary from 1.80 to 1.95. You need to pay attention to what percentage of the juice this or that bookmaker lays in odds. It is crucial because, at a distance, the difference of even 0.1 has a significant value.

How to calculate the juice?

A market that has 100% equal chances is empty. It indicates that the value of the bet rises. The value of the bets, in this case, is lower. Determining the value of the market, as well as the bookmaker"s juice, is relatively easy. To do this, you must first determine the probability of each outcome in percent and then use a simple formula.

The juice calculation formula is:

(1 - (1 / percent of the market)) * 100
Let"s give an example. Bautista-Agut, Roberto - Peer, Benoit. Coefficient.Tennis. Wimbledon. Men.Single discharge. 1/8 Finals. The coefficient for winning Bautista-Agut, Roberto, is 1.22. Converting into probability, we get 81%. The victory of Roberto - Peer, Benoit, is estimated by a factor of 4.75. Accordingly, the likelihood of the triumph of Roberto - Peer, Benoit, is 21%. It turns out that the percentage of the market for the above event is 102%.

Calculate the juice:
(1 - (1 / 1.02)) * 100 = 2%

Markets with a minimum juice

Many inexperienced players do not pay enough attention to the juice, considering this to be an unimportant indicator. Real professionals first look for Value and only then make bets.
Particular success in this is forked who have income, finding outcomes with the lowest juice. As a rule, these players are not very welcome bookmakers and quickly block their accounts. However, several bookmakers are loyal to these players.
As mentioned above, even the minimum difference in the coefficients plays a considerable role. Therefore, it is always necessary to determine the juice, because, at a distance, it represents one of the individual parts.
Counting the juice of each event is a rather tricky task. But there are options when this is not necessary. It"s about betting exchanges. Yes, it can be reasonably noted that even there one has to pay a commission with a win, but there are several significant advantages. Also, I must say that there are special paid services that allow you to find the most profitable odds.