Re: Who pays the vig: The loser or the winner??
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In other words, both betters are not risking 110 to win 100, even though it looks that way. They're both risking 110 to win 110, but the agreement is that the "house" only pays the winner 10:11. The loser drops 100% of their risked wager, not any more.
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Please excuse me if I'm wrong because I didn't read this entire thread but couldn't it be looked at as both people in theory having to risk 100 to win 100 but the house just takes their edge off of both sides before the outcome to guarantee a profit? This would mean the loser would actually pay.
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