VIGORISH

Vigorish

Vigorish, or simply the vig, also known as juice, the cut or the take, is the amount charged by a bookmaker, or bookie, for his services. In the United States it also means no interest on a shark's loan. The term is Yiddish slang originating from the Russian word for winnings, выигрыш vyigrysh. Bookmakers use this practice to make money on their wagers regardless of the outcome. To minimize their risk, bookmakers do not want to have an interest in either side winning in a given sporting event. They are interested, instead, in getting ...

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vigorish

Noun

  1. A charge taken on bets, as by a bookie or gambling establishment.
  2. The interest on a loan of money, especially for loans made by a usurer or loan shark.
  3. An amount owed on account of or payment of a bookie's charge or of interest.


The above text is a snippet from Wiktionary: vigorish
and as such is available under the Creative Commons Attribution/Share-Alike License.

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