Hello, you have come here looking for the meaning of the word vig. In DICTIOUS you will not only get to know all the dictionary meanings for the word vig, but we will also tell you about its etymology, its characteristics and you will know how to say vig in singular and plural. Everything you need to know about the word vig you have here. The definition of the word vig will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofvig, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
The house sets vigs on any game they allow you to bet on. It is your responsibility to play only those games where the vig is not prohibitive. Let's take one more look at how vigorish works for the house.
2009, Wayne L. Winston, Mathletics: How Gamblers, Managers, and Sports Enthusiasts Use Mathematics, page 256:
The bookmaker's mean profit per dollar bet is called vigorish or “the vig.” In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4.5%.
2016, Mark Andersch, By an Addict, for an Addict, →ISBN:
The vig is like your "tax" paid on a bet which goes to the bookie. For example, every $100 I would bet, I had a vig of $10. So if I bet $500 and lost that bet, I would owe $550. Trust me, when you don't win, the vigs add up quick!
“You charged a guy from the neighborhood $1800 vig?” he asks incredulously (“vig” is short for vigorish, meaning a rate of interest from a loan from an illegal moneylender).
2005, F. P. Lione, The Crossroads (Midtown Blue Book; 2), page 100:
The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. (Vig is a mob term for interest on loans to a loan shark.)
"Look, I know I owe you and I know I'm late but I'm good for it. I am. In fact I'll pay you triple what I owe. Triple! Plus the missing vigs, but I need some help first."
1 The indefinite superlative forms are only used in the predicative. 2 Dated or archaic. 3 Only used, optionally, to refer to things whose natural gender is masculine.