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Underdog: The crew or athlete anticipated to lose the game or match. Vigorish (Vig): The fee charged by a sportsbook on bets. Implied Likelihood: The chance of an end result occurring based mostly on the percentages. The online sportsbooks calculate moneyline odds based mostly on each team’s implied probability of winning the game, and because not all groups are equal, moneyline odds will range from game to recreation.