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Common slang for Vigorish, or simply "the vig," which is the fee--usually a percentage--charged by a bookie on all bets. Another term commonly used to mean the same thing is "the take." [According to] Wikipedia, vigorish is derived from Yiddish slang originating from the Russian word for "winnings," vyigrysh. Bookmakers use [the concept of] a vigorish to generate earnings from their books regardless of the outcome of the event being bet on. However, there is no standard formula for [calculating] vigorish though they are generally formulated so the bookie receives equal action on both sides of the event, therefor having a "balanced" book. In the U.S. "the juice" can also refer to the interest on a loan/debt--generally in relation to a loan shark.
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