Crypto Sportsbook Margins: A Hidden Edge

Crypto sportsbooks compete on margins, not headline prices. A book's margin is its built-in edge, and it can be hidden in various ways.

To compare prices effectively, one must consider the margin, which is the excess of a book's total odds over 100%. This margin is also known as the overround or vig.

A study compared five crypto sportsbooks: Dexsport, Cloudbet, Stake, Vave, and Thunderpick. The results showed that each platform has its own unique pricing structure, with some offering tighter margins than others.

The study found that a book can show a tempting price on one side of a market and claw it back on the other, making it essential to compare prices across multiple platforms.