There’s an off-shore gambling outfit that advertises on local sports radio around here. Among various and sundry other incentives, they offer “107 juice on Fridays”?
Any gamblers wanna educate me on this term?
Thanks.
“Juice” is defined as the bookie’s commision on a losing bet. In Googling, I see the most common usage for your phrase is actually “-107 juice” (note the negative sign). If I’m understanding this correctly, the bookie takes -107% commission on certain days–in other words, you get 7% of your bet back if you lose.
In a similar term, that some people my click here to see answered,
Vigorish (SP) is the house’s edge in each game. I guess the exact opposite of Juice.
Just offered fyi.
For “local bookies” the juice is his fee for taking your bet. Usually the way they work is, if you bet 100 bucks on an even money bet, and lose, you pay 100 bucks, if you win, he pays you 90 bucks. A “-107 juice” would give him only a 7 dollar cut instead of 10.
Another thing, “local bookies” usually don’t settle-up on every bet. You usually have a running credit line with the book. So you might get lucky and win a few, but good luck collecting. If you owe him, better pay up or change your residence. 
I’m happy with these guys, so far so good:
Not quite ** cc waterback **.In the sports betting world you lay the bet+vig to win the dollar,eg,lay $110 to win $100.In the OP’s question that particular book you only have to lay 107 on Fridays,a ploy that has been making the rounds for quite a few years,tho I generally saw it as 105,for whatever day of the week or hours.
Laying straight money ,eg,100,would actually win you 90.90,at a normal 11/10 bet in any legitimate casino sportsbook.And laying straight money at a 107/100 line would win you 93.45.
Put it another way if you bet with your local book at those terms if you win the $100 bet you win $100 if you lose,you owe him 110.
** IF ** your linked betting site is only paying you 90 for 100,I wouldn’t be so happy with that service.
I was talking about dealing strictly with “local bookies”, not casinos.
The website works like a casino though. It’s actually a very good site, check it out if your into that kind of thing.
Betting with a “book” and betting with a casino are two different things. One major difference is the “juice”. You say they collect the juice on a loss, I said they collect the juice on a win, maybe it is on a loss, been awhile since I bet on the street.
Money Lines
Money Lines are the simplest form of sports bets. The team you bet on just has to win the game. Your bet is not subject to a point spread. The amount you may win is determined by the money line. Money Line rules are as follows:
Money Lines are displayed with a plus “+” or a minus “-” sign.
Money Lines posted with a minus sign “-” require a bet equal to the amount shown after the minus sign to win $100.
Money Lines posted with a plus sign “+” require a $100 bet to win the amount shown after the plus sign.
To win your bet, the team you bet on must win the game.
Tie games are no action, which means your original bet amount will be refunded to your account.
Back in the day, in Brooklyn, the bookie collected win or lose. I think it was 5%. Maybe that was just a special for dumb sailors. 
I collected $60 on a $10 numbers bet once, and the guy looked me up to pay me. He paid me in $1’s I didn’t even know how to play. No juice that I’m aware of.
I love NY. 
Peace,
mangeorge
Ah-but money lines are a different animal than the OP’s 107 bet.That 107 is a pointspread bet.
In addition to the football MLs,baseball is (mostly) bet a straight money line,as is hockey,tho there’s usually a 1/2 puck or so in the lines because of hockey final score ties.
And if you look at money lines the vig is usually more than 11/10,esp.in boxing.-2.00 lines (bet 2 to win 1 on the favorite),is usually accompanied by a +1.60 to bet the dog.
Different books different spreads,but esp.in baseball, casinos because of competition,are usually your best bets where they use a “dime” line (10c difference between fav and dog at a dollar).
Neighborhood bookies for years used what was called a “nickle” line,but was called that because of the original even money bet was 6/5,either side a ** big ** difference in money laid. (6/5 translates into 1.20 for 1.-and that was on both sides)
As far as collecting juice bookies,whether in a casino or on the street, always do since you’re never paid back in true odds.That would be even money in a 2 team proposition,since there are only 2 outcomes to an event (a winner and a loser).Ties are just treated as no bet,unless someone offers you that bet as a separate wager.
I think one of the biggest misconceptions about “vig” is the word tied to loansharks and various credit card companies.
I prefer to think of it as a commission for handling the action,which is what it is.You’re paying a company or person to handle your bets and make a wager available and paid in a timely manner,rather than risk a run out by a friend you bet even money with or no bet because he’s not around.
It is a business,you know.