Imagine the volume of bets made on a single game or event. That’s the vig or the gambling site’s profit. If the home team wins, the gambling site will pay out $100,000 to those who bet for the home team plus return their $110,000 bets. If the gambling sites get equal money on either side of the contest, then they are sure to get a profit.įor example, if an online gaming site gets a $110,000 bet on the home team and another $110,000 bet on the visiting team, it has a total handle of $220,000. This means that you have to bet $110 to win $100. One of the most common betting odds is -110. The main source of money for gambling sites is the vigorish or the “vig.” The vig is commission collected by the site on losing bets. Let’s take a closer look at how gambling sites make money. These gambling sites are like any other business. Many believe that online gambling sites either win or lose just like the players who use them. But if punters win, then the betting site loses… Or do they? Most people understand that a gambling site makes money if bettors lose their wagers. Have you ever wondered how gambling sites make money?

Make money with online gambling