Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Value - an overlay, i.e., getting the best odds on a wager.

Variance - a measure of the extent to which winnings and losses fluctuate over a period of time. Variance is not necessarily a measure of how well someone may play. However, the greater the variance, the greater the fluctuations between winnings and losses.

Vigorish - the fee or commission paid to a bookmaker (bookie) or taken by the house. Also known as Vig or Juice.

VIP – acronym for a big bettor deemed worthy of full complementary treatment, i.e., RFB.

Visitor - the team playing away from its home town; its name is usually listed above that of the home team.

Void - invalid with no result.