Sportsbook Glossary V-Z

A-C | D-F | G-I | J-L | M-O | P-R | S-U | V-Z

Value – this means you getting the highest possible odds on a betting event.

Vig or Vigorish – this is the bookmaker’s commission, sometimes referred to as the “juice” which is usually 10%.

Wager – this is the same as a bet, when you place money on the outcome of a race or event.

Wise Guy – a successful sports bettor