Sports Explained: Glossary V

Sportsbook Glossary: Vv


Getting the best odds on a wager. The highest possible edge.

Value Bet
A wager where the theoretical likelihood of winning is greater than the odds suggest.

Victory Bell Battle for Nevada
Name of the trophy awarded to the winner of the American college football rivalry game played by the Cincinnati Bearcats football team of the University of Cincinnati and the Miami RedHawks football team of Miami University.

Vigorish or vig
The commission charged by the bookmaker.

Void Bet
Void bet can occur in a number of situations and when your bet is null and the stake is returned, which means that bettors won’t win any money but they won’t lose it either. Most betting sites clearly state that any bet resulting from their own mistake when quoting the odds shall also be declared void.