Bet Types in Sports Betting – How Do They Work
March 13, 2018
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Here at TOP-ONLINE-BOOKMAKERS.COM, you will find all you need to know about different bet types…
Understanding the Vigorish (The Vig) in Sports Betting
Sports betting has become a popular form of entertainment and a way to make money. People place bets on sporting events, trying to predict the outcome and win some money. However, many people might not know that sports betting sites also make money, and this is where the vigorish, also known as the vig, comes in. In this article, we will explore what the vig is and how it affects sports betting.
This below is our list of sports betting sites with low vig:
- Friendly odds
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- Promotions and bonuses with a generous offering
Residents from the following countries ARE NOT ALLOWED to open accounts with MyBookie:
Afghanistan, Albania, Algeria, Anguilla, Antigua And Barbuda, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bhutan, Bonaire, Sint Eustatius And Saba, Bouvet Island, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cayman Islands, Central African Republic, China, Comoros, Congo, Costa Rica, Cuba, Curaçao, Cyprus, Denmark, Djibouti, Dominican Republic, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gambia, Gibraltar, Guadeloupe, Guernsey, Greece, Guinea-Bissau, Holy See (Vatican City State), Hungary, India, Indonesia, Iran, Iraq, Ireland, Isle Of Man, Israel, Jersey, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Liberia, Libya, Maldives, Mali, Malta, Martinique, Mauritania, Mauritius, Mayotte, Montenegro, Montserrat, Morocco, Nauru, Nepal, Netherlands, New Caledonia, Niger, North Korea, Oman, Pakistan, Palestine, Papua New Guinea, Pitcairn, Poland, Réunion, Romania, Russian Federation, Rwanda, Saint Helena, Ascension And Tristan Da Cunha, St. Martin (French Part), Saint Pierre And Miquelon, Sao Tome and Principe, Saudi Arabia, Serbia, Seychelles, Sierra Leone, Somalia, South Korea, South Sudan, Spain, Sudan, Svalbard And Jan Mayen, Syrian Arab Republic, Tajikistan, Turkey, Turkmenistan, Tuvalu, United Kingdom, Uganda, Ukraine, United Arab Emirates, Uzbekistan, Vanuatu, Vietnam, Wallis And Futuna, Yemen.
Afghanistan, Albania, Algeria, Anguilla, Antigua And Barbuda, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bhutan, Bonaire, Sint Eustatius And Saba, Bouvet Island, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cayman Islands, Central African Republic, China, Comoros, Congo, Costa Rica, Cuba, Curaçao, Cyprus, Denmark, Djibouti, Dominican Republic, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gambia, Gibraltar, Guadeloupe, Guernsey, Greece, Guinea-Bissau, Holy See (Vatican City State), Hungary, India, Indonesia, Iran, Iraq, Ireland, Isle Of Man, Israel, Jersey, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Liberia, Libya, Maldives, Mali, Malta, Martinique, Mauritania, Mauritius, Mayotte, Montenegro, Montserrat, Morocco, Nauru, Nepal, Netherlands, New Caledonia, Niger, North Korea, Oman, Pakistan, Palestine, Papua New Guinea, Pitcairn, Poland, Réunion, Romania, Russian Federation, Rwanda, Saint Helena, Ascension And Tristan Da Cunha, St. Martin (French Part), Saint Pierre And Miquelon, Sao Tome and Principe, Saudi Arabia, Serbia, Seychelles, Sierra Leone, Somalia, South Korea, South Sudan, Spain, Sudan, Svalbard And Jan Mayen, Syrian Arab Republic, Tajikistan, Turkey, Turkmenistan, Tuvalu, United Kingdom, Uganda, Ukraine, United Arab Emirates, Uzbekistan, Vanuatu, Vietnam, Wallis And Futuna, Yemen.
- USA friendly
- Crypto friendly
- Smooth interface
- Painless sign-up process
Withdrawal request Checklist
One fully successful deposit.
Card deposits have a 7 days wait period.
Minimum Withdrawal $100. Bitcoin $25
Time frame is 2 days approximately;
At least 1x rollover for deposit and all rollover from bonuses redeemed;
One withdrawal per week per method;
SMS Phone and/or Personal documents verified;
Sports and Casino withdrawals are limited to $10,000 per week (Bitcoin: $5,000 and Bank Wire: $5,000)
One fully successful deposit.
Card deposits have a 7 days wait period.
Minimum Withdrawal $100. Bitcoin $25
Time frame is 2 days approximately;
At least 1x rollover for deposit and all rollover from bonuses redeemed;
One withdrawal per week per method;
SMS Phone and/or Personal documents verified;
Sports and Casino withdrawals are limited to $10,000 per week (Bitcoin: $5,000 and Bank Wire: $5,000)
- Cryptocurrency friendly
- Rec-friendly sportsbook lines
- Welcome bonuses are generous
GTBets does not accept players from the following countries: Afghanistan, Albania, Algeria, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Georgia, Greece, Hungary, Indonesia, Iran, Iraq, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Latvia, Libya, Lithuania, Macedonia, Moldova, Montenegro, Myanmar, Pakistan, Poland, Qatar, Romania, Russia, Serbia, Slovakia, Slovenia, Syria, Tajikistan, Turkmenistan, Ukraine, United Arab Emirates, Uzbekistan, and Yemen. // Regarding the United States, GTbets does not accept players from Arkansas, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Jersey, New Mexico, New York, Nevada, Oregon, Pennsylvania, Rhode Island, Washington, and West Virginia.
- Anonymity
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You may not use Nitrobetting.eu if you are an employee or consultant of any company related to Nitrobetting.eu, or a relative or family member of any such restricted persons. You are also restricted from using the site if you reside in any of the following countries: Bulgaria, Hungary, Venezuela, China, Belarus, Azerbaijan, Ukraine, Russian Federation, Costa Rica, United Kingdom.
- In business since 1994
- Crypto friendly
- Competitive odds and lines (rare!)
- Huge bonuses
A minimum deposit of $100 is required to qualify for the bonus.
You will receive a 125% bonus on your qualifying first deposit.
125% sports bonus, up to $2,500, 10X rollover
In order to receive a bonus you must use the promo code JOIN125 in the cashier while making your deposit.
This promotion is non-transferable.
Sports bonuses can only be used in the sportsbook, casino freeplays in the casino.
BetUS reserves the right to alter or amend the terms and conditions of this promotion at any time without notice.
Please see BetUS’ general rules for additional terms and conditions regarding bonuses
You will receive a 125% bonus on your qualifying first deposit.
125% sports bonus, up to $2,500, 10X rollover
In order to receive a bonus you must use the promo code JOIN125 in the cashier while making your deposit.
This promotion is non-transferable.
Sports bonuses can only be used in the sportsbook, casino freeplays in the casino.
BetUS reserves the right to alter or amend the terms and conditions of this promotion at any time without notice.
Please see BetUS’ general rules for additional terms and conditions regarding bonuses
- Honest reputation
- US Friendly
- Track record
- High betting limits
- Professionals welcome
1. Eligibility: Bonuses are only available to new customers or existing customers who have not previously received a bonus. Customers must be at least 18 years old and must reside in a country where online gambling is legal.
2. Wagering Requirements: Bonuses are subject to wagering requirements, which specify the amount of money that must be wagered before a withdrawal can be made. Wagering requirements vary depending on the bonus and can range from 5x to 15x the bonus amount.
2. Wagering Requirements: Bonuses are subject to wagering requirements, which specify the amount of money that must be wagered before a withdrawal can be made. Wagering requirements vary depending on the bonus and can range from 5x to 15x the bonus amount.
What is the Vig in Sports Betting?
The vigorish, or the vig, is a commission that sports betting sites charge for their services – it is the fee that the bookmaker or the sportsbook collects for handling the bets and paying out the winnings. The vig is usually expressed as a percentage of the total amount wagered and can vary from one sports betting site to another.
How Does the Vig Affect Sports Betting?
The vig affects sports betting in several ways. Firstly, it makes it more difficult for bettors to win money. Since the bookmaker takes a percentage of the total amount wagered, the odds of winning are reduced. Secondly — the vig affects the odds and the payouts in sports betting. The bookmaker sets the odds and the payouts based on the vig, ensuring that they make a profit, even if they pay out all the winnings.
Types of Vig in Sports Betting
There are two main types of vig in sports betting: the standard vig and the reduced vig. The standard vig is the most common type and is usually set at 10%. This means that for every $100 wagered, the bookmaker collects $10 in vig. The reduced vig, on the other hand, is a lower commission that sports betting sites offer to attract more customers. This will be usually set at 5% or lower.
How to Minimize the Vig in Sports Betting
While it is impossible to completely eliminate the vig in sports betting, there are some strategies that bettors can use to minimize it. One such strategy is to compare the odds and the vig offered by different sports betting sites – by doing so, bettors can find the site that offers the best odds and the lowest vig. Another strategy is to place bets on sporting events that have a lower vig, such as soccer or basketball. This way, bettors can reduce the impact of the vig on their winnings.
In short — vigorish or the vig is an important aspect of sports betting that bettors should understand. It is the commission that sports betting sites charge for their services and affects the odds, payouts, and winnings in sports betting. By understanding the vig and using strategies to minimize it, bettors can increase their chances of winning money in sports betting.
