vigorish Definition
- 1an amount of money charged as a percentage by a bookmaker for accepting a bet
- 2an excessive rate of interest on a loan, typically one from an illegal moneylender
Using vigorish: Examples
Take a moment to familiarize yourself with how "vigorish" can be used in various situations through the following examples!
Example
The bookmaker took a 10% vigorish on all bets.
Example
He borrowed $500 from a loan shark and had to pay back $1000 due to the high vigorish.
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Summary: vigorish in Brief
Vigorish [vig-er-ish] is a noun that refers to the amount of money charged by a bookmaker for accepting a bet or an excessive rate of interest on a loan, typically from an illegal moneylender. For example, 'The bookmaker took a 10% vigorish on all bets.'
