vig - What does it mean?
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Definition of 'vig'English
Noun
( en-noun)
(slang) A charge taken on bets, as by a bookie or gambling establishment.
* 2009 , Wayne L. Winston, Mathletics: How Gamblers, Managers, and Sports Enthusiasts Use Mathematics , page 256 ,
- The bookmaker's mean profit per dollar bet is called vigorish or “the vig.” In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4.5%.
(slang) Interest from a loan shark's loan.
* 1973', '', quoted in '''2009 , Ellis Cashmore, ''Martin Scorsese's America , page 118 ,
- “You charged a guy from the neighborhood $1800 vig ?” he asks incredulously (“vig” is short for vigorish , meaning a rate of interest from a loan from an illegal moneylender).
* 2005 , F. P. Lione, The Crossroads , Midtown Blue Book #2, page 100 ,
- The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. (Vig is a mob term for interest on loans to a loan shark.)
A commission, finder's fee, or similar extra charge.
Synonyms
* vigorish
* juice
* overround
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