What does vigorish mean?
Definitions for vigorish
ˈvɪg ər ɪʃvig·or·ish
This dictionary definitions page includes all the possible meanings, example usage and translations of the word vigorish.
Princeton's WordNet
usury, vigorishnoun
an exorbitant or unlawful rate of interest
rake-off, vigorishnoun
a percentage (of winnings or loot or profit) taken by an operator or gangster
Wiktionary
vigorishnoun
A charge taken on bets, as by a bookie or gambling establishment.
vigorishnoun
The interest on a loan of money, especially for loans made by a usurer or loan shark.
vigorishnoun
An amount owed on account of or payment of a bookie's charge or of interest.
Etymology: slang originating from the Russian.
ChatGPT
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.
Wikidata
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 Contribution
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
Numerology
Chaldean Numerology
The numerical value of vigorish in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of vigorish in Pythagorean Numerology is: 8
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"vigorish." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/vigorish>.
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