Gambling Dictionary 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.

VIP: Refer to: high-roller.