Vigorish definitions
| Word backwards | hsirogiv |
|---|---|
| Part of speech | Noun |
| Syllabic division | vi-go-rish |
| Plural | The plural of the word "vigorish" is vigorishes. |
| Total letters | 8 |
| Vogais (2) | i,o |
| Consonants (5) | v,g,r,s,h |
The term vigorish is commonly used in the gambling world to refer to the commission or fees that a bookmaker or casino takes on bets. This is how these establishments make a profit and stay in business. The vigorish is built into the odds offered, so even if you win a bet, you will still end up paying a percentage to the house.
When you place a bet with a bookmaker, you will often see odds that are slightly less favorable than the true odds of the event happening. This difference is where the vigorish comes into play. For example, if a fair coin toss has odds of 50/50, a bookmaker might offer odds of 10/11, keeping that extra fraction for themselves.
Understanding Vigorish Calculation
The calculation of vigorish can vary depending on the type of bets being placed and the specific rules of the game. In sports betting, the standard vigorish is usually around 10%, meaning that for every $100 wagered, the bookmaker takes $10 as their fee. This ensures that even if the bets are evenly split between two outcomes, the house will still make a profit.
Effects of Vigorish on Betting
The presence of vigorish affects the profitability of betting for the average bettor. To be successful in the long run, a bettor must not only overcome the odds of the bet but also the additional hurdle of the vigorish. This is why it can be challenging to consistently win in games of chance, where the odds are stacked against the player due to this commission.
Vigorish plays a crucial role in the gambling industry, ensuring that bookmakers and casinos can remain profitable while still offering the chance for players to win big. By understanding how it works and factoring it into your betting strategy, you can make more informed decisions and potentially increase your chances of success in the long term.
Vigorish Examples
- The bookie charged a high vigorish on the bet, making it difficult for the gambler to profit.
- The loan shark imposed a substantial vigorish on the borrowed money, resulting in exorbitant interest payments.
- The online retailer offered free shipping to offset the vigorish included in the product prices.
- The casino always ensures that the vigorish favors the house, ensuring profitability over time.
- The sportsbook adjusts the vigorish based on betting patterns to balance the action on both sides of a game.
- Investors need to be aware of the vigorish associated with certain financial products to make informed decisions.
- The credit card company adds a hidden vigorish in the form of annual fees and interest rates.
- The politician promised to eliminate the vigorish imposed on businesses through excessive regulations and taxes.
- Consumers must be cautious of hidden vigorish in pricing strategies that may inflate the cost of goods and services.
- The car dealership tried to sneak in a vigorish on the final price of the vehicle, but the buyer caught on and negotiated it out.