The word juice is similar to vig, or vigorish. Juice or vig is the amount of cut, or money, the bookmaker gets on your bet. This is the bookmakers commission off of your bet. Reduced juice means that the amount of commission is lower and therefore more money in your pocket. It is the easiest way for you to get the most value for your bets. It is less risky and far more profitable for the bettor. In the simplest terms, it means more winnings for you.
There is no real difference between reduced juice and low vig. They are the same thing; just a different word being used. Vig, which is short for vigorish, is the amount of money a bookmaker gets off of your bet. Juice is the exact same thing.
Here we will provide an example of reduced juice betting. To make the explanation easy to understand, I will use low betting numbers. It is important to note that the more betting you do with reduced juice is where you will begin to see huge savings on your winnings.
I will use a football example. Betting on football involves reading the betting odds aka point spreads. That is standard when betting on football and the typical point spread you will see is -110. A typical bet may look like Team A (-3) with -110 and Team B (+3) with -110. This means you need to wager $110 to potentially win $100. A reduced juice bet may look like this Team A (-3) with -105 and Team B (+3) with -105. This means you need to wager $105 to potentially win $100. You are risking $5 less to win $100. Again, for one bet the savings to you does not seem that significant, but if you were making 10 bets this way, you would save $50. Reduced juice betting is more lucrative for big time bettors. Someone that makes an occasional bet may not see the value in it.
The most obvious advantage of reduced juice betting is that the bettor ultimately wagers less money per bet. This reduces the risk for the bettor because he is putting up less money on the front end of the bet.
Another advantage is betting sites, or houses, put a limit on how much you can bet. Typically, it is somewhere between $1,000 to $2,000. The limits on reduced juice betting is higher. Those limits can go up to $5,000 to $10,000. They may even be higher. The reason the limits are higher is because the betting house, or bookmaker, understands that to make up for the reduction in commission, they must encourage people to make higher bets. Obviously, a bettor can only bet as much as the limit that is in place.
Typically, when there is reduced juice betting, there are no bonuses. Often, an online gambling site offers bonuses. These bonuses are typically free play credits. While the bonuses are not cash, they can be used in the same way. When betting online, you use credits to bet. You either put money into your account which becomes credits, or you are given credits as a bonus. When you bet -110, you are wagering 110 credits to win $100. Often sites that offer reduced juice betting will not offer you bonus credits.
There are money hypothetical scenarios that show you win more money using bonus credits and there are just as many showing that you win more money with reduced juice betting. It all depends on the situation, the wager and the outcome of the bet. One really is not any better than the other and there is no harm in using both types of betting strategies. The key is to understand that sites typically offer one or the other, but not both.