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Vigorish
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=== Casino games === More generically, vigorish can refer to the bookmaker/casino's theoretical advantage from all possible wagers on any game they offer. The term may also refer, and be applied in specific ways, to particular casino games. * '''[[Baccarat (card game)|Baccarat]]''', in the house-banked version of baccarat (also [[mini-baccarat]]) commonly played in North American casinos, vigorish refers to the 5% commission (called the ''cagnotte'') charged to players who win a bet on the [[banker hand]]. The rules of the game are structured so that the banker hand wins slightly more often than the player hand; the 5% vigorish restores the [[house advantage]] to the casino for both bets. In most casinos, a winning banker bet is paid at [[even money]], with a running count of the commission owed kept by special markers in a commission box in front of the dealer. This commission must be paid when all the cards are dealt from the shoe or when the player leaves the game. Some casinos do not keep a running commission amount, and instead withdraw the commission directly from the winnings; a few require the commission to be posted along with the bet, in a separate space on the table. * '''[[Backgammon]]''', the recube vig is the value of having possession of the [[doubling cube]] to the player being offered a double. * '''[[Craps]]''', vigorish refers to the 5% commission charged on a buy bet, where a player wishes to bet that one of the numbers — 4, 5, 6, 8, 9 or 10 — will be rolled before a 7 is rolled. The commission is charged at the rate of $1 for every $20 bet. The bet is paid off at the true mathematical odds, but the 5% commission is paid as well, restoring the house advantage. For many years, this commission was paid whether the bet won or not. In recent years, many casinos have changed to charging the commission only when the bet wins, which greatly reduces the house advantage; for instance, the house advantage on a buy bet on the 4 or 10 is reduced from 5% to 1.67%, since the bet wins one-third of the time (2:1 odds against). In this case, the vig may be deducted from the winnings (for instance, a $20 bet on the 4 would be paid $39 β $40 at 2:1 odds, less the $1 commission), or the player may simply hand the commission in and receive the full payout. This rule is commonplace in [[Mississippi]] casinos, and becoming more widely available in [[Nevada]]. * '''[[Roulette]]''': odds are calculated out of 36 numbers, but the wheel has one or two extra pockets (zero and double zero). * '''[[Slot machines]]''' - the payouts and winning combinations available on most slot machines and other electronic gambling systems are often designed such that an average of between 0.1% to 10% (varying by machine and facility) of funds taken in are not used to pay out winnings, and thus becomes the house's share. Machines or facilities with a particularly low percentage are often said to be loose. * '''[[Poker]]''' ** In '''[[pai gow poker]]''', a 5% commission charged on all winning bets is referred to as vigorish. Unlike baccarat, the commission is paid after each winning bet, either by the player handing in the amount from his stack of chips, or by having the vig deducted from the winnings. **In '''table poker''', the vigorish, more commonly called the [[Rake (poker)|rake]], is a fraction of each bet placed into the [[Pot (poker)|pot]]. The [[Poker dealer|dealer]] removes the rake from the pot after each bet (or betting round), making change if necessary. The winner of the hand gets the money that remains in the pot after the rake has been removed. Most casinos take 5-10% of the pot, typically capping the total rake at $3 or $4.
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