What does the gambling word vic/vickerage mean?

Question

In the tv show 2 and 1/2 men Charlie uses this term to

teach Jake about gambling

Answer 1

In terms of casino games, the vig is a commission that is charged on bets that would otherwise be to the player's advantage (or no house advantage).  Examples are buy bets in craps or banker bets in baccarat.  It is nearly always 5%.

Answer 2

Vigs are a percentage of a bet that is charged up front for a bet that has neither won nor lost.

Commission is a percentage paid on bets won.

Juice is a percentage paid on bets lost.

People mix up these terms all the time, but these are the context of the terms.

Answer 3

its what a bookie charges - it has nothing to do with loan sharks.

say a game between lakers celtics is even money.  The bookie may charge me 55 to win 50 on the celts and you 55 to win 50 on the lakers.  It was a 10% vigorish.

Answer 4

The word is "vigorish" or "vig".  It is the usurious interest that is charged on a loan by a loan shark.