Exchanges
Commission
The share of your net winnings on a market that an exchange keeps. It replaces the margin a bookmaker builds into its prices.
Example $100 profit at 2% commission: you keep $98.
Related
Exchanges
Betting exchange
A market where bettors bet against each other instead of against a bookmaker. The exchange matches bets and takes a commission on winnings.
Odds & margin
Vig
The bookmaker’s built-in edge. Add up the implied chances of every outcome: anything above one hundred percent is their margin. Lower is better for you.
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