V - Glossary of Terms
Var. An abbreviation for variance.
Variance. This can be determined by subtracting the expected value from each possible outcome in a game or hand, squaring the differences and multiplying each square by its probability of occurring and then summing the total of the product.
Vig. A colloquial expression for the house advantage on a game. It can also be used to describe any fee collected for play. It derives from a gangland term for the interest charged by loan sharks and is short for vigorish.
VP. The acronym for video poker.