Odds & margin
- UKMargin
- USVig
Margin
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.
Also called Overround, Vigorish, Juice, Bookmaker margin
Example Home 52% + draw 27% + away 26% = 105%: a 5% margin.
- Good to know
- Margins differ a lot between bookmakers and markets, so the same bet can pay noticeably more elsewhere.
Related
Odds & margin
Implied probability
The chance a price suggests. For decimal odds, divide one by the odds.
Odds & margin
Value bet
A price higher than the real chance deserves. Value doesn’t mean the bet will win; it means the price is generous if you could make the bet many times.
Odds & margin
Closing line value
How your price compares with the final price just before the event starts. Taking a better price than the close is seen as the best sign of good betting.
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