Vig., Vigorish
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The casino edge, fee or commission taken by the house.
"Vig," short for "vigorish," refers to the commission or fee that a bookmaker or casino takes on bets. It is essentially the house's edge in gambling, ensuring that the operator makes a profit regardless of the outcome of the bets placed. In sports betting, for example, the vigorish is often expressed as a percentage of the total amount wagered, typically around 10%. This means that for every bet placed, the bookmaker retains a portion of the stakes as profit. The term can also apply to other forms of gambling, where it represents the cost of placing a bet or the house's profit margin.
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