How No-Vig Odds Work
Every sportsbook builds a margin (juice or vig) into their lines so that the sum of implied probabilities exceeds 100%. Removing that excess gives you the fair odds — what the line would be in a zero-commission market.
Example
A standard -110/-110 market:
Implied probs: 1/1.909 + 1/1.909 = 0.5238 + 0.5238 = 1.0476
Vig = (1.0476 − 1) × 100 = 4.76%
Fair prob each side: 0.5238 / 1.0476 = 50.0% exactly
Fair odds: -100 / +100 (a coin flip — which is what a balanced market says)
Why No-Vig Matters
When you see -110 on both sides, it looks like an even game. But the sportsbook's implied probability says each team has a 52.38% chance — impossible, as probabilities must sum to 100%. The no-vig price removes that fiction and shows you the book's actual opinion: 50/50.
This matters most on asymmetric markets. A -170/+145 line looks like a big favorite — but strip the juice and you might find the fair line is closer to -155/+155, meaning the underdog at +145 is actually priced slightly above fair value.
Using No-Vig to Find Value
Compare the no-vig fair odds at one book to the raw line at another. If Book A's fair line for Team A is -140, and Book B is offering +150 — that's a +EV bet even after juice. The no-vig price is your reference point for shopping lines across sportsbooks.
Sibyl Does This For Every Game
Our models build true probability estimates from historical data, matchup analysis, and real-time signals — then compare against no-vig market prices to surface genuine edges.
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