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What is the sportsbook hold?
The sportsbook hold, also known as the vigorish or "vig", is the amount of money that the sportsbook collects from bets on an event. It represents the bookmaker's commission or profit margin, and is usually expressed as a percentage of the total amount wagered.
Why is the sportsbook hold important?
The sportsbook hold is important because it represents the bookmaker's commission or profit margin. A higher hold percentage means that the sportsbook is making more money from each bet, which can make it harder for bettors to be profitable in the long run. By understanding the sportsbook hold, bettors can make more informed decisions about where to place their bets and how to manage their bankroll.
How can I reduce the sportsbook hold and increase my chances of profitability?
There are several strategies that can help you reduce the sportsbook hold and increase your chances of profitability. The best thing to do is to shop for the best lines across multiple sportsbooks to reduce the "synthetic hold".