What is the difference between vigorish and house edge?

[Julio88]

Vigorish and the house edge are two terms that are used to describe the fee charged by a bookmaker or casino for taking a bet. The vigorish, or vig, is the fee charged by the bookmaker, while the house edge is the fee charged by the casino. The difference between the two is that the house edge is calculated as a percentage of the bet, while the vigorish is typically a fixed fee. For example, if a casino charges a 5% house edge, it means that for every $100 wagered, the casino will keep $5 as a fee. On the other hand, if a bookmaker charges a $10 vig, the player pays a $10 fee regardless of the size of the bet.

 

[Crazy_winner]

The term "house edge" generally refers to the advantage that the casino has over players for all feasible wagers in a specific game, whereas the term "vigorish" specifically refers to the proportion of total dollars wagered that the bookmaker retains in a risk-free wager.

 

[Baniro]

Vigorish is the commission or fee charged by the casino for accepting bets, while the house edge is the statistical advantage the casino has in a particular game. Vigorish is typically applied to the individual bets, while the house edge represents the overall advantage of the casino over time.