Live By The Vig

Live by the Vig

The vig or sometimes called vigorish is the odds against you. It is mainly a casino term used by professional and avid gamblers. If you are a beginner and don’t normally gamble at the casinos, here are some tips that can keep you from losing your shirt.

One of the most important gambling lessons you can learn is how the vig affects your gaming. The vig is the odds against you and they determine the percentage that you are statistically able to win at a game. For instance, craps has a great vig, some bets go as low as a vig of 2.7. A vig of 2.7% means that theoretically if you gamble 100 times at a $1 each time, you will lose $2.70. While this is statistics, your real life outcome will either be less or more, but on average around this mark.

The vig is what gives the casino the edge. Make no mistake, the casino always has the edge, whether it is $2.70 per 100 tries or a vig of 17% or more on many of the slot machines, the casino always makes money. If you are planning on gambling at the casino, make sure you understand the vig and how it affects your play.