Casino & Poker Dictionary gambling terms used in casino's along with the meanings of the words explained:

"V"

Value Chips : Casino chips that can be changed for cash at the 'cage'.

Vig : A shorter name used instead of vigorish.

Vigorish : The casino charge associated to certain bets usually in craps, on the 4 & 10 place bets, one may 'buy' meaning get 'true odds' of those numbers rolling so long as the casino is paid a percentage normally set at 5% or $1 per every twenty you stand to win. This fee is also charged on the 'lay bets'.

VIP : A Very Important Person a gambler that places large bets on a regular basis and as such is treated accordingly so by the casino offering free comps. These comps can include free top of the range hotel suites or a wide variety of gifts. Also 'Hi-Roller' ,'Whale'