Re: Who pays the vig: The loser or the winner??
Mark me down for a "winner pays" vote.
To keep it sports-related, change the roulette example to a 4-team parlay that pays 10/1, should pay 15/1.
Another way to look at it: when you lose a bet, the bookie doesn't pocket that money; he needs it to pay the winners. If there's any left after paying the winners, he keeps it. Since he's paying the winners less than they had coming (ie, less than even money on a 50-50 bet, or less than 15/1 on a 15/1 shot), the left-over money is coming from the winners.
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