Reduced Juice Sportsbooks
Reduced juice sports betting was nothing more than a pipe dream until the proliferation of online sports betting. These days, reduced juice markets are available in just about every jurisdiction, even non-regulated or grey betting markets, like the United States with the help of bitcoin.
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What Is Reduced Juice?
Juice refers to the commission or vigorish charged by sportsbooks on each wager they accept. The standard juice that most sportsbooks typically charge is 10%. In moneyline odds, this is expressed as -110.
Those who have bet for a while are most likely familiar with the breakeven percentage for sports betting at -110 odds, which is 52.38%. When using reduced juice odds, our breakeven percentage improves, since the vig we’re paying on each bet decreases. With reduced juice odds, we’re paying somewhere between -105 and -107 on each bet, instead of the traditional -110. Using -107 pricing, our breakeven percentage drops to 51.69%. With -105 pricing, it goes to 51.22%.
For those who understand the significance of that, congratulations. For those who don’t, well, we suggest you head over to read our article on line shopping. Betting with reduced juice can easily save bettors thousands of dollars per year, even if they’re betting a mere $100 a game.
Sportsbook’s Reduced Odds – Explained
When we look at an NFL betting market with traditional juice, the odds will look like this:
- Pittsburgh Steelers -7.5 (-110)
- Cleveland Browns +7.5 (-110)
And with reduced odds:
- Pittsburgh Steelers -7.5 (-105)
- Cleveland Browns +7.5 (-105)
We highly recommend depositing at least one reduced juice sportsbook, but it’s vital for to understand that just because a sportsbook has reduced juice markets, doesn’t mean they will have the best price or odds on that particular market.
In some cases, the odds, though labeled as reduced juice markets, won’t truly be reduced at all. Here’s another example, using the same teams as above.
- Pittsburgh Steelers -7.5 (-115)
- Cleveland Browns +7.5 (+105)
Though this is labeled as a reduced juice market by many sportsbooks, they are taking about the same amount of vig as a -110 wager.
In the above market, the Steelers become a poor bet, assuming we can find better odds at another sportsbook, which is likely the case, considering they are priced at -115. The Cowboys become the better bet, with their +105 odds. Too many bettors assume since they have reduced juice markets that they are always getting the best price no matter which side they bet. It’s vital to realize this is not the case. Your typical routine of line shopping and finding the best odds still needs to be followed.
Reduced Juice – Pros & Cons
Clearly, the biggest advantage of using reduced juice odds is the that you will be reducing the vig you pay on most of your wagers, saving you money in the short and long term. In the example above, we showed how reduced odds may not provide the best price for bettors, but there are potential pitfalls with reduced juice markets.
Pinnacle Sports is the sharpest sportsbook in the world and has the largest betting limits online. It’s also a reduced juice bookmaker. However, Pinnacle’s odds are so sharp that the vast majority of sports bettors have almost no chance of beating them long term.
That’s often the case with many reduced sportsbooks. Bettors can usually get the best price for the odds they are looking for, but the reduced sportsbooks and markets are going to be tougher to beat than a recreational sportsbook that offers the standard -110 vig. It is extremely rare that players will find a rogue line or off-market price. Also, it’s important to keep in mind that most sportsbooks don’t offer reduced juice in all of their markets. It’s typically only available on sides and totals and many times, just on major markets, such as football, basketball, hockey, and baseball.
Proposition markets, which is one of the better markets to attack a new bettor, never have reduced juice. We stress to bettors about choosing reduced juice over a bonus offer if they have a cchoicebetween the two at sign up. Both 5Dimes and Heritage Sports, have this choose available to players at sign up.
However, for those looking for bonus offers, reduced juice sportsbooks almost never offer a bonus. Bettors will make far more, in the long run, betting with reduced odds than they will with a single deposit bonus offer, but for those that desperately desire a freeplay bonus, reduced juice offers and sportsbooks typically have no deposit or reload bonus offers.
Bitcoin And Reduced Juice: United States Residents
Residents of the States have it tougher when it comes to online sports betting due to UIGEA regulations. While it’s still not illegally federally to bet sports, there are no regulated sports betting websites located in the country.
Online betting markets are still more than viable for U.S. sports bettors, but the industry operates in a grey market. Due to financial regulations, this makes it harder for sites to process financial transactions. These costs are then pushed on to bettors, who in today’s market, end up having to pay a bit more for withdrawals.
Enter Bitcoin, a crypto-currency that has emerged as an elite cashier method in online betting markets. Sending BTC is free for the most part, some sites may charge a small fee, but most will process it completely free. Luckily, three of the best sites for U.S. bettors also have reduced juice sportsbooks and have Bitcoin as an available cashier method. These sites are Heritage, 5Dimes and Nitrogen Sports.
Nitrogen Sports provides customers will instant withdrawals, and they deal solely in Bitcoin. Both Heritage and 5Dimes are traditional fiat-based online sportsbooks, but they also accept Bitcoin. Their withdrawals are also fast, they both process withdrawals within 24 hours, but continue to show improvement in speeds with recent BTC payouts processed in just a few hours.
At this point, we have to recommend Nitrogen Sports as the best option for reduced juice bettors. Their odds are excellent, and though they have been around a much shorter time than the two above sportsbooks, their cashout speed and fees (absolutely zero) take them to the top of the list. However, with reduced juice and Bitcoin, you’re going to have your pick of all three betting sites. With Bitcoin, your payouts will be faster and cheaper than any other method. Line shopping just got a lot more cost-efficient and easier to do.
We recommend starting out with Nitrogen and then moving your funds to Heritage and 5Dimes for reduced juice as needed. Nitrogen’s withdrawals are processed quickly, typically within five minutes. If you use all three sites, with Nitrogen being your primary shop, you’re almost always going to get a crack at the best odds reduced juice markets has available.