This infograph researched by Joseph Falcehtti, indulges into the sportsbook industry to discover how they make profits and how a certain set of individuals, notably Billy Walters and Bob Volugaris became 7 figure yearly earners through sports betting.
Sportsbooks do not always win in the short run but with a proper balance sheet and book, they should always make a net profit. They may “win” your losing bet but they still have to pay “winners”. Their earnings come in from the “vig”, or reasonable 4-5% fee they charge for their services of balancing the bets. Let’s have a better look below.
By: Adam Grunwerg