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How to Place Low Vig Bets
If you want to enjoy placing sports bets, you need to minimize the vig and find the best odds. Doing that alone can be tricky, as you would have to calculate various formulas and compare dozens of betting sites. However, with our easy-to-follow guide, you will be placing low-vig bets in no time.
Find Bettor-Friendly Sportsbooks
When searching for low-vig sportsbooks, your best bet is to start with the top-rated betting sites we feature at Betpack. These online bookmakers have competitive odds and offer a myriad of bonuses. That way, you can offset the impact of their vig, even if it is super-small.
Register and Deposit
When you find that one sports betting site that gives you the best value, join it. Registration is as easy as you want it to be and won't take more than a couple of minutes of your time. Next, choose the payment method that works for you and fund your betting account.
Pick Reduced Vig Betting Lines
It might sound counter-intuitive, but different betting lines have different juice. So, you should examine the sportsbook you join market by market, and see which betting lines come with the favourable vig. Start your search with the moneylines and point spreads, as these usually have the lowest house edges.
Place Your Low Vigorish Bet
Once you find the sports betting market with the lowest vig percentage, it is time to place your low-vig bet. Click on the odds or selection you want to bet on and it will be added to your bet slip. The last thing to do is enter your bet stake, place your wager and hope you have a winner.
Strategies and Tips for Vigorish Betting
Online sportsbooks will always have a small advantage over punters. After all, if they didn't put that profit margin in place, they wouldn't be able to operate as a sustainable business and would soon shut down shop. So, for all the money in winning bets bookmakers need to pay out, they will get more profits from losing wagers. That said, there are ways and betting strategies that increase your chances of being the winning bettor and not the punter funding the sportsbook's business growth.
Different bet types come with different house edges. Even in the examples above, which were both from the same bookmaker, the vigorish for the moneyline and point spread markets were different. Usually, moneyline (1X2), point spread, and Over/Under total bets have lower vig than other, more exotic betting options. Knowing which market comes with reduced vigorish can go a long way when aiming for a sustainable sports betting adventure.
You already know that markets offered by the same sportsbook have different vig. So, you can imagine the differences in house edges between different online bookmakers. That's why all experienced analyze the vigorish before they join a sportsbook or place a bet. You should do too, as you would be surprised to find out how different the odds are at the best betting sites compared to second-rate bookies. Even if you are not into sports betting formulas, you can learn about the profit margin a betting site uses by giving our Betpack sportsbook reviews a read. We examine betting sites' house edges and help you find the best odds.
Top online sportsbooks have a wide range of betting offers and promos. You can leverage these bonus bets, promotional funds, and odds boosts to make the most of your wagers. For instance, bonus or free bets allow you to wager with the bookmaker's free bet credits. That way, you don't spend any of your money, so even a higher vig will present no obstacle. Similarly, if a bookmaker has enhanced odds bonuses, you will get competitive odds even when the sportsbook uses a steeper profit margin. Some betting sites aptly name these promos as No Vig or Zero House Edge bonuses, meaning you might even bet on events without having to deal with the vigorish.
Frequently Asked Questions
What does Vig Mean in Sports Betting?
Vig refers to the profit margin of the betting operator. It is a sort of a commission or interest integrated into the sports betting odds to ensure the sportsbook has an edge over bettors.
Is there Vigorish on Parlay Bets?
Yes, there is. In fact, when you place parlay bets, the vigorish from all wagers in your bet slip is added up. So, the sportsbook has a much higher vig on the combo bet you place than on your single wagers.
What Sports Betting Site has the Lowest House Edge?
To find the sports betting site with the lowest house edge, choose the most popular markets, such as 1X2, point spreads, and Over/Under totals and calculate the house edge for each. A bettor-first sportsbook will always have low vig, ranging from 3% to 5%.