Licensed sportsbooks in legal U.S. states operate under licensing agreements and face strict oversight from state gaming commissions, including regular audits and integrity testing. Individual game outcomes are not manipulated to cause losses. Instead, sportsbooks earn through pricing math using the vig (juice) embedded in betting lines. On standard point spread bets, both sides are often priced at -110, requiring $110 to win $100, with the extra $10 taken regardless of which side wins. The vig compounds across bets and becomes significant over large sample sizes.
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