Sports Betting Glossary
From A to Z
V
Value Bet
A bet where the theoretical likelihood of an event occurring exceeds that of the odds given by the bookmaker. These bets provide value to bettors.
Vigorish
Another term for juice; the vigorish is the margin sportsbooks build into their odds to guarantee that they make a profit. For example, if they believe the outcome of a game is 50/50, they will not post odds of 2.0 for each side; they will often post odds of 1.90 or 1.85 for either side, giving them either 10% or 15% vigorish on the bet.
