Vigorish


Also found in: Dictionary, Thesaurus, Wikipedia.
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 ?
The law, he says, "is the vigorish I pay, the law is my overhead.
This balanced betting eliminates their risk and allows the sports book to earn a certain return equal to the vigorish (commission) on losing bets.
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.
Japan is only part of the problem of too many American dollars chasing too many foreign goods; in the Far East, Singapore and Taiwan are rudely elbowing Japan for a share of the shrinking world market for consumer goods, and the debtor nations of Latin America are desperately seeking more foreign exchange to pay the vigorish demanded by multinational bankers.