What is Vig?
1.
1)the interest payment on a loan paid back to the creditor by a certain percent.
2)short for "vigorish" used in gambling;When wagering on a straight wager (point spread or total), you lay a certain amount of money to win a smaller amount of money. The difference between what is wagered and what is won is called the 'Juice' or 'VIG'. This 'Juice' or 'VIG' is one of the ways a sports book makes its money. In football and basketball the 'Juice' (or 'VIG') is 10%. In other words, for every $110 wagered you will win $100. If you lose the wager, you lose $110. If you win the wager, you get the $110 'Juice' refunded to you, plus the $100 in winnings ($110 + $100 = $210 total paid back to your account).
1)joe, "Lucky Hands wants one over prime".
tony, "what?".
joe, "he wants 1 point over the vig"
2)joe, "i wonder what the vig is for the jay hawks, huskers game?"
vito, "10%"
See
2.
Payment of a service rendered to a benefactor from the benificiary of said service.
"This is good, this is shady Frank, I like this kinda stuff. So whats the VIG on this action."
See
3.
interest paid on a loan
4.
33% of an amount collected is the usual "Vig" if the person that is owed the money would have lost it had it collected by a "collections specialist".
Franky finally collected the $100,000 that Joey lent to Mario, now Joey owes Franky $33,333 as the vig.
See
5.
1)tribute to a mafia boss.
2)a percent expected to be paid back from a loan.
3)the juice or cut to be lost or refunded(by winning) in gambling.
1)"Fats" wants the vig by next monday.
2)that loan shark "Shorts" wants his full payment back soon.
3)the vig on the mets, sox game is 10%.
See
6.
Payment made regularly to the head of an organized crime syndicate. Mob associates and made members of a family are required to kick up a piece of their profits to the boss.
The week's vig is $3000
7.
pure profit
The vig for the Man averages about 22% annually.
