A betting pool, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a "pool" (from which taxes and a house "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport, the vig is also known as juice, under-juice, the cut or the take, is the amount charged by a bookmaker, or "bookie", for taking a bet from a gambler?
Vigorish Vigorish, or simply the vig, also known as juice, under-juice, the cut or the take, is the amount charged by a bookmaker, or "bookie", for taking a bet from a gambler. In the United States, it also means the interest on a shark's loan. The term originates from the Russian word for "winnings", выигрыш "vyigrysh".
Land Lottery A Land Lottery is a method of allocating land ownership or the right to occupy land by lot.