vigorish
/ˈvɪɡərɪʃ/
noun
- The fee or commission charged by a bookmaker or casino for taking a bet, usually a percentage of the amount wagered.
- Professional gamblers carefully calculate the vigorish to determine if a bet is worth making.
- Casinos make their profit from the vigorish built into every game.
- The sportsbook's vigorish on that bet was 10%, meaning you had to risk $110 to win $100.
- An excessive or unfair interest rate, especially on a loan from a loan shark.
- The illegal lender charged a vigorish of 20% per week.
- Many people fall into debt traps because of the high vigorish on payday loans.
- He borrowed money from a loan shark and was crushed by the vigorish.
Synonyms