Vigorish

Meaning and Definition of Vigorish in Gambling

Vigorish, commonly referred to as juice or the vig, denotes the administrative fee or commission retained by a gaming establishment to facilitate wagering activities. In accordance with standard industry practices, this margin is extracted through various mechanisms: in baccarat, a 5% commission is typically levied on winning banker bets; in craps, a flat fee is applied to buy bets; and in peer-to-peer poker, the house extracts a rake from the pot. These charges constitute the primary revenue model for operators and must be clearly disclosed to participants to ensure regulatory compliance and transparency regarding the house edge and payout structures.