Understanding No-Vig Odds: The Key to Profitable Sports Betting
In the world of sports betting, one concept stands out as the lifeblood of plus EV (Expected Value) betting: No-Vig odds. If you aspire to be a profitable sports bettor, it is crucial to comprehend what No-Vig odds are, how to calculate them, and why they are essential. This article will delve into the significance of No-Vig odds, their calculation process, and their role in identifying valuable betting opportunities.
What Are No-Vig Odds?
No-Vig odds, also known as fair odds, represent the true probability of an outcome as determined by the sharpest sportsbooks in the world. Unlike the odds posted by sportsbooks, which include a built-in profit margin, No-Vig odds remove this “juice” or vigorish (Vig) to reflect the actual likelihood of an event occurring. By eliminating the bookmakers’ inherent bias, No-Vig odds provide a clearer picture of the true probabilities in sports betting.
