Tuesday, November 18, 2008

Reduced Juice Sportsbook or Big Bonus Sportbook part 2

Ok, I've been asked to go into more details about the last article I wrote about reduced pricing sportsbooks so instead of just editing it, I just rewrote it for your viewing pleasure.

When it comes to sports betting, players are constantly bombarded with hundreds of e-mails, flyers, mailers and so on from sportsbooks all over the world. Of course, since we are talking about a billion dollar industry with a yearly growth of 6.5% it´s normal that every sportsbook out there wants to get a piece of your action.

The question remains though as to which sportsbook should one choose over another and more specifically, the type of sportsbook which will best fit your sports betting needs.

A sportsbook can pretty much be categorized into two categories.

1. Full Juice (Big Bonus) Sportsbooks
2. Reduced Juice (Discount Pricing) Sportsbooks

The Full Juice Sportsbook is considered the norm and is the most widely used type of sportsbooks out there.

The Reduced Juice Sportsbook also known as a Discount Price Sportsbook has risen in popularity in the past few years because it charges the players less money to place a bet.
Seeing the advantage of a Reduced Juice Sportsbook, why would a player choose a traditional, Full Juice Sportsbook over saving money with a Reduced Juice Sportsbook?

It all depends on the type of bettor you are.

A regular sportsbook will usually offer a 10 cent line meaning that they get charge 10 cents for every dollar a player bets. Since they make more money with each bet, they can afford to give bigger incentives to their players like giving them a big sign up bonus which usually varies from 20% to 100% bonus. These types of bonuses usually attract recreational betters who are just looking to bet on a few games and then take a payout.

A reduced juice sportsbook however will charge the player less for placing a bet with them. For example, XSbet.com has its NFL sides starting at -105 meaning they will charge you 5 cents for every dollar you bet. Since the Reduced Juice Sportsbook makes less money off of a player, it cannot give it big bonuses to attract new players. These types of sportsbooks are best suited for a serious or professional bettor who knows he will bet often and is looking to save money on the long run.

So if you are the type of bettor that will only place 20-30 bets during the NFL season, then you will more than likely choose the bigger bonus because if you win at the end of the season, you will probably end up cashing out more money due to the bonus.

On the other hand, if you have a bettor that places 20-30 bets a week, then this bettor will probably choose to go with the Reduced Juice Sportsbook because in the long run, they will save more money because they get charge less per bet.

So to recap, a Reduced Juice Sportsbook is like the Sam´s Club of sports betting where the more you but the better the value while a Full Juice Sportsbook is the Kroger of sports betting where you get a great deal for your purchase as long as it´s not an everyday item and you get it on sale.

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