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They can do this because of the difference between what you wager and what you win. What Is a Sportsbook? Sportsbooks generally accept bets on either side of a sporting event. They can do this because of the difference between what you wager and what you win. Most bets at most sportsbooks require you to wager $110 to win $100, although some require $120 to win $100, and some discount sportsbooks only require you to bet $105 to win $100. "However, if you're an Ohio resident [where sports betting is illegal] and travel to Michigan [where it is legal], you can bet legally. Is the book easy to navigate? Many sportsbooks are built on legacy technology, and it can be difficult to find anything. Often abbreviated to the vig, the vigorish is the cut or amount charged by a sportsbook for taking a bet, also known as juice in slang terms. faux saint laurent bag