Question by : How do the online sports betting sites like the major ones profit?
I dont see how the online sports betting sites profit money? How do they get there share? Other then usually having there own casino added to the site
Best answer:
Answer by Dwstin
The typical way a ‘book’ makes its money is by taking bets for the win of team A and the win of team B in a closely proportional matter to the odds they are paying minus the ‘juice’ The juice is where their profits lie. Its anywhere from 5-15 percent and if they run a good book, they should get it no matter who wins. Now, a lot of the online giants like Domain Holdings and Bodog also make a ton of coin off of their online casinos.
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