Juice

Definition: In sports betting "juice" is the commission paid to bookmakers on losing bets for the privilege of betting. Bettors risk $110 to win $100 when betting football or basketball games and the extra $10 is considered the juice.

Also Known As: Vigorish or Vig

Examples: Leroy bet four games at $110 each and won two and lost two, so he lost $20 in juice to his bookie for the day.