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Obsolete by the 19th century, survives in toponymy as low, The betting juice also known as vigorish is the price you pay to the bookmaker lowvig, The vig is the guaranteed profit that the bookmaker will make provided that the prices offered attract wagers on all outcomes in the desired proportions.
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From Middle English, From Old English Hlōg, Preterite Of Hliehhan To Laugh.
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