07
Jun
A sportsbook is a place where people can make wagers on sporting events. Its goal is to generate a profit by accepting winning bets and collecting funds from losing bettors. This commission is known as the vigorish, and it makes up a large part of a sportsbook’s overall revenue. Sportsbooks also set betting lines that reflect the likelihood of an event happening and offer a variety of payment options, including credit cards and cryptocurrencies.The sportsbook industry is a fairly recent development, with some states only recently making it legal to place bets on sports. Understanding how sportsbooks operate can help…