What Is the Juice or Vig?
Once you’ve learned what the point spread is, you may ask yourself what the number such as “-110” or “-120” is that appears next to the spread.
This number is commonly known as the “vig” or the “juice” on the bet. In other words, it’s the price the sports book charges for taking the bet. In most cases in point spread betting, the number will be -110, which equates to a 10% big or juice.
Sticking with the above example of the New England Patriots -8 against the New York Jets +8, the vig or juice on the bet would likely be -110, as listed. If you were to wager $110 on the Patriots, and they win by 10 points, you would win $100. The house would keep $10.
Because a point spread is used to handicap the two sides in an effort to make the bet on more level footing, you’ll likely see the same odds line for both sides. In this case, it would likely be -110 for both Patriots -8 and Jets +8.