Re: Who pays the vig: The loser or the winner??
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Actually you are the one who is wrong. You pay the vig when you place the bet, since you will only ever get 91% back (assuming -110)...
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You are wildly offbase. You do not understand the definition of vig. Your analogy is similar to sticking your head in the oven and feet in the freezer and proclaiming you are a comfortable 70 degrees on average.
Vig has a standard definition, which is different from yours. Vig is not something that is averaged btw winners and losers. It is a real dollar cost that the winner pays on each bet by collecting less than even money when he wins.
The loser loses his $11, The winner bets $11 and only gets $10 back, the house keeps the winner's dollar. If you make accounting T-columns to show *operationally* how the money physically moves from bettor to house to bettor, you will likely understand it better if you have any intelligence at all.
naj
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