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Underdog: The staff or athlete anticipated to lose the sport or match. Vigorish (Vig): The commission charged by a sportsbook on bets. Implied Chance: The chance of an consequence occurring based mostly on the odds. The net sportsbooks calculate moneyline odds based mostly on every team’s implied probability of successful the game, and since not all groups are equal, moneyline odds will fluctuate from sport to sport.