"To collect the juice" means to gather or obtain the liquid substance from something, usually from fruits or vegetables, by squeezing or extracting it. Full definition
Slice between the membranes removing the segments while collecting the juices in a bowl. (lastingredient.com)
Slice between the membranes removing the segments while collecting the juice in a bowl. (lastingredient.com)
In theory, this strategy would allow sportsbooks to set lines that encourage 50 % of the money on each side and then collect the juice without creating any liability. (sportsinsights.com)