Therefore, you are are paying a vigorish, by accepting lower odds than what the probabilities suggest on the bets you win.ĭid you know. In roulette, you receive 35-1 if the ball lands on your number, but there are 38 different slots on the wheel. In poker, the house takes a “rake,” a pre-determined amount of money from each and every pot. In other forms of gambling, there is also a “vig” of sorts. If you want to win $50, you need to wager $55, and so on. If you want to win $20, you must bet $22. In straight wagers in football, it’s spelled out clearly-minus 110. In any form of gambling, there is a price you pay for the privilege. The vigorish is expressed in the fact that straight football bets usually take place on a money line of -110, which means you must bet $110 for every $100 you hope to win. It’s how a book makes its money, knowing that regardless of who wins the game, they will get what amounts to a tax on all wagers. “Vigorish,” also know simply as “vig” or the “juice,” is basically the price you have to pay to bet football at a sportsbook. What is Vigorish? How Vig in Sports Betting Worksīy Loot, Football Handicapper,

What does the vig mean in gambling