odds

What is Vig (and Why Must You Defeat It)?

What is vig? Before I got serious about sports betting, that was a question about one of the obscure, jargon-y phrases that I knew separated the sharks from the whales. If you knew what vig meant, then you probably also knew what the inside of the smoky back room of a bar on the wrong side of the tracks smelled like. Even after I learned that vig was short for … Read more

How do Betting Odds Work?

The first time I saw sports betting odds, it was like trying to read a foreign language. There were plus signs, minus signs, decimals, fractions, and numbers that seemed to have nothing to do with the game itself. Even the terms seemed obtuse. Once I became familiar with the basics, it all fell into place, and the simplicity of the system jumped out at me from behind the bushes where … Read more