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Vigorish

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
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.


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Next, convert the likely point spread to a money line, discounting the vigorish, or built-in house commission.
Most of the time, the vigorish charged to customers by online sportsbooks are lower than in casinos because of lower operation costs and higher volume of customers served.
The way they talk about it, you would think some tattooed goon, seconded from a Macao casino, had cornered Lady Liberty and was demanding she pay the vigorish.
 
 
 
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