Gambling Dictionary Section Letter: V

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Value-for-money Bet: A placed bet where the result is greater than the offered odds.

Velvet: Refers to winnings.

Vic: A short-term used for a victim or a mark.

Vigorish (Vig): A term used to describe a better commission charged by the casino and is considered to be quite similar to any house edge. The 2nd term also refers to: This is often times referred to as the “cut” or the “take”. This is the term for what the bookie charges for accepting the wages. Many will also describe it as the “Vig”.

VIP: Refer to high-roller.

Visual Wheel Tracking: Following the roulette wheel and ball and predicting where the ball will land.