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  • Sports betting companies make money by collecting a commission on losing bets, which is often called the vigorish. Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice in slang terms. The sportsbook only collects the vig if the bettor loses the wager.

    General Sports Betting Strategy

    1
    Ensure Good Bankroll Management. Effective bankroll management is essential for long-term success. ...
    2
    Be Research-Driven. ...
    3
    Track Your Results. ...
    4
    Use Value Betting. ...
    5
    Shop Around for the Best Odds.
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