New Social Media Anger Over Too Much Sportsbook Juice Serves As Good Reminder

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Written By Evan Scrimshaw | Last Updated
sportsbook

With the re-booting of PointsBet as Fanatics Sportsbook in New York Thursday, a new entrant into the sportsbook battles is here. Upon seeing -120 juice on both sides of games lined as a pick em (instead of the traditional -110), sports betting social media communicated its frustration. It has served as an opportunity to remind bettors to remember one of the most consistent edges in sports betting. Shopping for the best price is key. Comparing the odds to make sure you’re getting the best price is essential to long-term strategy.

With the variety of legal sports betting partners, there’s no excuse not to check to make sure you’re getting the best price when making bets.

Best Price Available

TheLines.com’s betting tools and odds tables show you the best prices on whatever sport you want to bet on. With it, you can check who has the best price on any bet. Before betting on any action – be it PGA TOUR golf, NBA, College Basketball, etc – make sure to check that you’re getting the best available odds.

Fanatics seemed to have found an issue on launch that upset some sports bettors on social media. Bettors in at least two states (Indiana and New York) were seeing odds substantially worse than the market on NHL odds. Compare these three games’ odds at Fanatics in New York and a randomly selected competitor, and you’ll see the problem.

Getting the best sportsbook price is crucial, whether paying a lesser price for a big favorite or getting the highest return on an underdog.

What makes this more interesting is that betters weren’t getting the same prices in every state!

The Plot Thickens?

In Tennessee – another legal betting state where Fanatics operates – the odds were completely different! In Tennessee, the NHL odds are actually rather reasonable compared to the rest of the market. It’s not immediately clear why there were two different set of odds floating around depending on state lines.

The best hypothesis is because of the tax rate in those states. With a 51% tax rate on gross gaming revenues, New York has the highest gaming taxes in the nation, which likely led Fanatics to try and pass that tax rate on to its users by raising the juice.

By yesterday afternoon, Fanatics in New York reverted its odds to what was available in Tennessee earlier this morning. At the end of the day, it seems like this was a rather small launch day hiccup and one that seemingly has been resolved. That said, it’s a good opportunity to remember the value of sportsbook shopping.

Conclusions

We’re about to enter March, which is a time when a lot of outright champion bets are made. Be it THE PLAYERS Championship, March Madness, NBA futures, plus people looking at Masters odds, there’s a lot available. There’s a huge difference in whether a team or a golfer is worth betting at 14-1 or 25-1. Getting the best price and maximizing the profit from victories is huge. Also, getting better odds could mean you have to bet less to reach a desired profit level, another value.

All in all, the great Fanatics odds mystery will be a Leap Day memory forgotten easily. The fact that whatever issue caused their heavily-juiced odds in the first place has been fixed guarantees it.

Hopefully, it will be a reminder that bettors should always be checking multiple sites. Making sure you’re getting the best price on your money is always worth your time.

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