iGaming Products┃ Sportsbook
In the United States a sportsbook or a race and sports book (sometimes abbreviated as book) is a place where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, ice hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. A sportsbook is the same thing as a “bookmaker” or “bookie.” It’s a company or individual who accepts bets from individual sports bettors.
iGaming Products┃ Sportsbook
There are currently 9 names in this directory beginning with the letter V.
Value
Betting at odds that represent a lower chance than the underlying probability and therefore offer 'value' to the bettor in terms of increased potential profit.
VBIS (Victorian Breeder Incentive Scheme)
A scheme designed to promote and reward Victorian bred greyhounds (and Victorian registered members).
Vetted / Vetting
Observations made by the track veterinarian where an injury/illness stand off period is given to a greyhound.
VICBRED (Victorian Registered Breeder)
The definition of a VICBRED greyhound is that the greyhound must be whelped in Victoria and bred by a Victorian registered breeder.
VIG (Vigorish / Juice (US) / Commission / Margin)
The implied cost of placing a bet set by the bookmaker. Bookmakers inflate the perceived likelihood of an event - as represented in their odds - suggesting it is more likely than underlying probability. This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. For example, the Oakland Raiders will defeat the Los Angeles Chargers by 10-14 points. The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. The cost of placing a bet calculated by summing the implied probability and subtracting from 100, the measure of a fair market. In relation to Exchange betting, commission is the charge applied to winning bets, applied as a %. The edge that one side of a bet has to make their advantage. North American term for the implied charge that a bookmaker adds for taking bets on any given market, traditionally 10% for Money Line, Points Spread and Totals.
Virtual Greyhounds
An online game of greyhound racing, offered by a few online bookmakers, in which the race results are based on a random number draw.
