Meaning of vig | Babel Free

Definitions

1. Initialism of voter information guide.
   abbreviation, alt-of, initialism
2. Synonym of vigorish (“charge taken on bets”).
   countable, slang, uncountable
3. A surname.
4. Synonym of vigorish (“interest from a loan, as from a loan shark”).
   US, countable, slang, uncountable
5. Synonym of vigorish (“commission, finder's fee, or similar extra charge”).
   countable, uncountable

Examples

“The house sets vigs on any game they allow⟳ you to bet⟳ on. It is your responsibility to play⟳ only those games where the vig is not prohibitive. Let's take⟳ one more look⟳ at how vigorish works for the house.”

“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%.”

“The vig is like⟳ your "tax" paid on a bet⟳ which goes to the bookie. For example, every $100 I would bet⟳, I had a vig of $10. So if I bet⟳ $500 and lost that bet⟳, I would owe⟳ $550. Trust⟳ me, when you don't win⟳, the vigs add⟳ up quick!”

“1973, Martin Scorsese, Mardik Martin (screenplay), Mean⟳ Streets, 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).”

“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.)”

“"Look⟳, I know⟳ I owe⟳ you and I know⟳ I'm late but I'm good for it. I am. In fact I'll pay⟳ you triple what I owe⟳. Triple! Plus the missing vigs, but I need⟳ some help⟳ first."”

““Charlie, sign⟳ here, here and here.” “So, you're giving me all your money.” “Charlie, for the 500th time, I'm not giving it to you. It's not yours. I'm just setting up a temporary account in your name⟳. What my wife can't find⟳, she can't get⟳.” “Right. That's-- This is good. This is shady, Frank. I like⟳ this kind of stuff.” “But you will be handsomely rewarded if you just keep⟳ your hands off of this money.” “Right, right. So what's the vig?” “The vig?” “Yeah, man. Like⟳. You know⟳, that's-- what's the vig on this action here?” “Do you even know⟳ what "vig" means?””

“Elections officials aim to send⟳ out the VIGs before voters get⟳ their ballots. By law, all elections officials must mail the VIG no sooner than 40 days or later than 21 days before an election, or no later than 10 days if the voter was registered later on in the process⟳. Elec. Code §§ 9094, 13303.”

CEFR level