{"id":41292,"date":"2024-08-12T05:40:11","date_gmt":"2024-08-12T10:40:11","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=41292"},"modified":"2024-08-15T06:15:18","modified_gmt":"2024-08-15T11:15:18","slug":"vig-in-gambling","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/vig-in-gambling\/","title":{"rendered":"What is The Vig in Gambling and How Does it Effect Your Betting Wins?"},"content":{"rendered":"\n
Vig – short for vigorish – refers to the house edge that is built into every sports bet. It\u2019s essentially a small commission that ensures the sportsbook makes money no matter the outcome of the bet. Understanding how gambling vig works is essential for making sports bets because it impacts the long-term success of your wagers.<\/p>\n\n\n\n
Vigorish, vig, juice, cut, edge, rake; no matter what you call it, they all mean the same thing. The vig gambling term is thought to be derived from the Russian word \u201cvyigrysh\u201d, <\/em>which means \u201cgain\u201d or \u201cwinnings\u201d. According to the Oxford English Dictionary<\/a>, its earliest known appearance in print was in the 1960s.<\/p>\n\n\n\n The shortened \u201cvig\u201d can also refer to the interest owed to a loan shark. Picture this: I borrow money from Big Tony and forget to pay back the vig. The next thing I know, he\u2019s threatening to break my knees. Unsurprisingly, this usage was popularized by the Italian-American Mafia<\/a>.<\/p>\n\n\n\n Every sportsbook bet already has the vig embedded in the odds. If you\u2019re a casual bettor, online gambling<\/a> for a bit of fun, there\u2019s no need for you to calculate the vig, especially if you\u2019re choosing your sportsbook based on how much you like the site instead of the quality of the odds.<\/p>\n\n\n\n However, if you\u2019re a seasoned sports wagerer who is betting for long-term profit, calculating the gambling vig can help you make informed betting choices and (hopefully) increase your overall profit. The vig can vary between sportsbooks, so it\u2019s good practice to compare sites and opt for the lowest edge.<\/p>\n\n\n\n Below is a formula that you can use to calculate the vig yourself.<\/p>\n\n\n\n The vig looks different at an online sportsbook compared to a casino. At a casino, it\u2019s hidden away within the game\u2019s RTP. You\u2019ll need to open up and scroll through the paytable to find the RTP amount. As discussed above, the sportsbook vig is a little more obvious, as it\u2019s embedded in the odds of every bet.<\/p>\n\n\n\n There\u2019s not much difference between the vig at online sportsbooks\/casinos and brick-and-mortar sportsbooks\/casinos. Just like their digital counterparts, retail sportsbooks will build the vig into the odds. Similarly, every brick-and-mortar slot machine arrives at the casino with a built-in RTP percentage, while games like American <\/a>Roulette<\/a> and Caribbean Stud<\/a> also have a predetermined RTP.<\/p>\n\n\n\n<\/a>How to Calculate the Vig<\/h2>\n\n\n\n
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The Vig in Online Gambling<\/h2>\n\n\n\n