How does a sportsbook make money?

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How do sports betting companies make money?

Sports betting companies make money by collecting a commission on losing bets, which is often called the vigorish. Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice in slang terms. The sportsbook only collects the vig if the bettor loses the wager. For example, a point spread is often listed with -110 odds. If the Eagles are -6.5 point favorites, that would be at -110 odds. If there was no vig, it would be at even odds, or +100. With the vig, a $100 bet would result in a $190 payout. If there was no vig, a $100 bet would result in a $200 payout. If you want to win $100 at -110 odds, you'd have to bet $110 because of the vig and when the bet loses, that $10 goes straight to the sportsbook. Without the vig, you could win $100 on a $100 bet. Of course, not all sportsbooks are the same and sometimes regular odds are listed at -115 or -120. As more states legalize sports betting, the variety in vigs across states will be a talking point. That's because a lot of in-person sportsbooks take a higher cut of bets than online sportsbooks, who receive more bets because they are more widely accessible. While each state has different rules, there are certain states where sportsbooks have a higher vig across the board, no matter where you wager. There are also situations where -110 odds would push to -120 or higher because that bet is getting a lot of money. If a lot of people are betting the Eagles at -6.5 (public money) and the sportsbook doesn't want to move that number to -7, they'll push the odds to -120 or -130, meaning a $100 bet would result in an even smaller payout.

Is 9 an evil number?

Examples. The first evil numbers are: 0, 3, 5, 6, 9, 10, 12, 15, 17, 18, 20, 23, 24, 27, 29, 30, 33, 34, 36, 39 ...

en.wikipedia.org - Evil number - Wikipedia

Class of binary number

In number theory, an evil number is a non-negative integer that has an even number of 1s in its binary expansion.[1] These numbers give the positions of the zero values in the Thue–Morse sequence, and for this reason they have also been called the Thue–Morse set.[2] Non-negative integers that are not evil are called odious numbers.

Examples

The first evil numbers are:

Equal sums

The partition of the non-negative integers into the odious and evil numbers is the unique partition of these numbers into two sets that have equal multisets of pairwise sums.[3] As 19th-century mathematician Eugène Prouhet showed, the partition into evil and odious numbers of the numbers from 0 {displaystyle 0} to 2 k − 1 {displaystyle 2^{k}-1} , for any k {displaystyle k} , provides a solution to the Prouhet–Tarry–Escott problem of finding sets of numbers whose sums of powers are equal up to the k {displaystyle k} th power.[4]