One way to minimize risk with this method is to bet on every possible outcome of some event that has many possible outcomes, so no outcome(s) have short odds, and the bettor will lose only the vigorish
and will have one or more winning bets that can be shown as the source of money.
In the wagering market, the bookmaker has a role similar to a stock exchange specialist, as both match buyers and sellers for a fee, with the normal fee, also called the vigorish
, being 10%.
This cost--also known as "vigorish
" (after the Russian word for "winnings") or "juice"--amounts to 10% of the bet in most places, an extremely durable and consistent percentage.
Brief biographical sketches of some key members are included, along with a glossary of terms such as "open the books" and "vigorish
." Hendly is a Toronto based writer who has written previous books on Bonnie & Clyde, American gangsters, and Steven Truscott.
A bookmaker's profit margin is called "vigorish
" or the "vig" in point spread betting.
Each poker hand won is diminished by the rake the casino or card room imposes, investments in sporting events are taxed by the vigorish
(or vig), a nominal percentage of the wager that is paid by the losing side in the transaction.
Most publishers have said they wanted full subscriber data and for Apple to take a much smaller vigorish
still scab my legs--a kind of vigorish
paid for abundant living.
In a bookmaker-based system, the bookmaker posts odds and charges a commission (also called "vigorish
" or "juice") for placing a bet.
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
When one considers the additional costs of active management (the "vigorish
" or "house take" as they call it in the gambling community), investors might be better off investing most of their money passively and then playing Black Jack with the rest of it in Las Vegas or Atlantic City.