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Underdog: The workforce or athlete expected to lose the game or match. Vigorish (Vig): The commission charged by a sportsbook on bets. Implied Probability: The probability of an final result occurring primarily based on the percentages. The web sportsbooks calculate moneyline odds primarily based on each team’s implied probability of winning the sport, and because not all teams are equal, moneyline odds will differ from sport to sport.