Vigorish


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Related to Vigorish: vigorous

Vigorish

1. A commission charged by a betting parlor in exchange for placing a bet.

2. An excessive amount of interest on a loan, especially one made by a loan shark. See also: Usury.
References in periodicals archive ?
Depending on the risk, the shy may grant him the loan at an interest rate or vigorish of up to 20 per cent.
In a sports bet, the bettor is wagering against the house, and pays for their wager plus a vigorish, which is essentially a payment to the house for the privilege of placing the bet.
By shading a line, a sports book manager improves the likelihood that the strong favorite fails to cover and therefore increases the chance that the sports book profits not only from the vigorish it collects but also from its winning naked position on the underdog.