Definitions for VIGORISH
ˈvɪg ər ɪʃvig·or·ish

Princeton's WordNetRate this definition:0.0 / 0 votes

1. usury, vigorishnoun

   an exorbitant or unlawful rate of interest

2. rake-off, vigorishnoun

   a percentage (of winnings or loot or profit) taken by an operator or gangster

WiktionaryRate this definition:0.0 / 0 votes

1. vigorishnoun

   A charge taken on bets, as by a bookie or gambling establishment.

2. vigorishnoun

   The interest on a loan of money, especially for loans made by a usurer or loan shark.

3. vigorishnoun

   An amount owed on account of or payment of a bookie's charge or of interest.

4. Etymology: slang originating from the Russian.

ChatGPTRate this definition:0.0 / 0 votes

1. vigorish

   Vigorish, also known as "the vig" or "juice", is a term used in gambling that refers to the commission or fee taken by the house, a casino, or a bookmaker in order to operate the game or take a bet. It serves as the profit earned for facilitating the bet, ensuring they earn money regardless of the betting outcome.

WikidataRate this definition:0.0 / 0 votes

1. 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 the 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 equal betting on both outcomes of the event. In this way, the bookmaker minimizes his risk and always collects a small commission from the vigorish. The bookmaker will normally adjust the odds or the line, to attract equal action on each side of an event. The concept is also sometimes referred to as the overround, although this is technically different, being the percentage the event book is above 100% whereas the vigorish is the bookmaker's percentage profit on the total stakes made on the event. For example, 20% overround is vigorish of 16²⁄3%. The connecting formulae are and where o is the overround. It is simplest to assume that vigorish is factored in proportionally to the true odds, although this need not be the case. Under proportional vigorish, a moneyline odds bet listed at −100 vs. −100 without vigorish could become −110 vs. −110 with vigorish factored in. Under disproportional vigorish, it could become −120 vs. +100.

Editors ContributionRate this definition:0.0 / 0 votes

1. vigorishnoun

   You go into a deli where you are a long time,w ell known customer, to pick up some cold cuts to take home to your family. You discover that you’ve forgotten your wallet. The countermand rings up your purchase and asks you for $23 .you tell him you will come in tomorrow to pay him and he says “ fine ,tomorrow it will be $27” and you say, “ well, ya gotta pay the vig!”

   See definition above

   Etymology: Back then I never thought about . Today, 60 years later I know it’s Yiddish slang short for the Russian term “vigorish”

   
   

   Submitted by Seth.goldberg on April 4, 2022  

Matched Categories

1. • Cut
   • Interest Rate

How to pronounce VIGORISH?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say VIGORISH in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of VIGORISH in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of VIGORISH in Pythagorean Numerology is: 8

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=VIGORISH
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Vigorish
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=VIGORISH