Reduced Juice: A Secret Revealed
by Mike Boozer

The Math in Practice

A few years ago a bookmaker approached me and offered Twenty five% back
of my net loses at the end of the year. Well, I started
thinking. I don&#Thirty nine;t lose, so what the hell is that to me.

So, I
told him I&#Thirty nine;d play him Twenty games a week at a $One hundred a wager if he
let me lay -.Five. The old timer had no idea, but just to save
face he said, “I&#Thirty nine;ll tell you what, I&#Thirty nine;ll let you lay -.Six.” I
immediately said, “Deal!” So, that year I made at total of One thousand
bets risking a total of $One hundred six,Zero to win $One hundred,Zero. Over this
eight month period I won Fifty eight% of my wagers. Ok, so let&#Thirty nine;s do some
math.

I had Five hundred eighty winners and Four hundred twenty losers. Translation, I won
$Fifty eight,Zero and lost Four hundred twenty bet * .Six equaling $(Forty four,Five hundred twenty), a net profit
of $Thirteen,Four hundred eighty ($Fifty eight,Zero won – $Forty four,Five hundred twenty lost = $ Thirteen,Four hundred eighty).

Let&#Thirty nine;s look at the same example using the standard .Ten cent
charge.

Based on $One hundred ten/$One hundred I would have risked an additional $Forty
per bet $One hundred ten,Zero to win $One hundred,Zero. Again, I sill win $Fifty eight,Zero, but
instead of losing $Forty four,Five hundred twenty at .Six cents, I now lose $Forty six,Two hundred with
the traditional.Ten cent fee, a difference of $ One,Six hundred eighty in profit.
So, instead of pocketing $ Thirteen,Four hundred eighty at .Six%, the bankroll is
reduced by $One,Six hundred eighty to $Eleven,Eight hundred at .Ten%.

I don&#Thirty nine;t know about you,
but I can buy a nice new pair of shoes with an extra $One,Six hundred eighty.

Now let&#Thirty nine;s take a closer look at the book&#Thirty nine;s offer of Twenty five% back on
yearly loses. I say, “Ok, I&#Thirty nine;m a loser, Twenty five% is fair.” For
illustration purposes we&#Thirty nine;ll use Fifty% as our winning percentage. A
blindfolded monkey could pick Fifty% winners. Anyway, of One thousand
wagers at $One hundred ten /$One hundred we pick Five hundred winners equaling $Fifty,Zero and
Five hundred losers * .Ten equaling $Fifty five,Zero.

Easy enough, total loses is
$Five,Zero less my Twenty five% rebate ($Five,Zero * .Twenty five = $One,Two hundred fifty) equals a
season lose of $Three,Seven hundred fifty. So, in this scenario the book maker
profits $Three thousand seven hundred fifty. What would have happened had I used $One hundred six/$One hundred?

Stay with me! Back to reduced juice, Five hundred losers at $One hundred six equals
$Fifty three,Zero and Five hundred winners still equals $Fifty,Zero.

As a result, if a
player picks Fifty% winners at $One hundred six he&#Thirty nine;ll lose $Three,Zero as compared
to losing $Three,Seven hundred fifty with a rebate. That&#Thirty nine;s a $Seven hundred fifty savings. Simply
put, reduced juice is like grocery shopping with double coupons.

My point is whenever you can negotiate a reduced juice deal, DO
IT!!!

THE NUMBERS REVEAL THE TRUTH.