No Vig Calculator: Remove the Juice
Select Odds Type:
De-Vig Method:
Enter Odds for Each Outcome:
Results:
| Vig | |
| Hold |
| Outcome | No-Vig Chance | Fair Odds |
|---|---|---|
| Outcome 1 | ||
| Outcome 2 |
What it does
The no vig calculator (also called a juice calculator) removes the vig from a market's odds and shows each outcome's no-vig chance and fair odds. Compare a book's price with the fair odds to spot good bets. New to it? Read how to remove the vig from a two-way market, then how to find +EV bets against the fair line.
The implied chances added up, minus 100%.
The share of all money bet that the book keeps.
Both shown for -110 on each side: the book keeps $10 of every $220 bet.
How to use
Pick the odds type and a de-vig method. Power is the default.
Enter the odds for each outcome. Use + to add outcomes for three-way markets and futures.
Click Calculate. Hover any "i" for a definition.
Worked example
Mavericks -130 vs. Lakers +110
- Implied chances
- 56.52% + 47.62%
- Added up
- 104.14%
- Vig
- 4.14%
- Hold
- 3.98%
- No-vig chances (Power)
- 54.54% / 45.46%
- Fair odds
- -120 / +120
Each method splits the vig differently: Proportional takes the most from the favorite, Additive the same from each side, and Power and Shin more from the long shot, as books usually do. Vig and hold stay the same.
FAQ
What is a juice calculator?
Another name for a no vig calculator: it takes the juice (vig) out of the odds so you see the fair price. At -110 on both sides each side is fair at +100, a 50% chance, and the juice is 4.76%.
What is vig (juice)?
The book's margin built into the odds: the implied probabilities added up, minus 100%. At -110 on both sides they add up to 104.76%, so the vig is 4.76%.
What is the difference between vig and hold?
Vig is the implied probabilities added up, minus 100%. Hold is the share of all money bet that the book keeps: at -110 on both sides, $10 of every $220, or 4.55%. Hold is always a little lower than vig.
How does the calculator remove the vig?
It turns every price into an implied probability, then removes the vig with the de-vig method you pick, so the no-vig chances add up to exactly 100%.
Which de-vig method should I use?
Power, the default, suits most markets because it takes more from long shots, as books usually do. Proportional is the simplest and what most sites show.
What do I use no-vig odds for?
As your win probability in EV and Kelly. Comparing a book's price with a sharp book's no-vig odds is the simplest way to find +EV bets.
Are no-vig odds the true probability?
They are the market's estimate. The sharper the book, the closer they get.