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Underdog: The staff or athlete expected to lose the game or match. Vigorish (Vig): The fee charged by a sportsbook on bets. Implied Chance: The chance of an final result occurring based on the percentages. The online sportsbooks calculate moneyline odds based mostly on each team’s implied probability of winning the sport, and since not all teams are equal, moneyline odds will fluctuate from recreation to game.