Vigorish
Vigorish is the house's take in a bet or game. In poker, it is the rake or time charge, since the house does not play in the hand.
The simple explanation
The word comes from gambling. A house earns its money from a small share of each bet. In poker, this share is called the rake or the time charge.
A closer look
Because the vigorish is taken from every pot, poker is not a zero-sum game for the players. They lose the amount of the vigorish together. The size is important for strategy, since high rake limits profit. It is often shortened to 'vig'.
A practical example
A card room takes $3 from a $30 pot as vigorish.
Full explanation
Vigorish is the house’s take in a bet or game. In poker, it is the rake or time charge, since the house does not play in the hand.
Vigorish is the house’s cut.
In poker, it is the rake or time charge.
It is often shortened to vig.
It reduces the players’ profit.