I'm sure others could post a more informative answer, but it's "make believe" money that you can bet on "things" determined by TimVP and the other mods. Things like how many games it will take the Spurs to win aganst Phoenix, How many minutes Manu will play, who will win the Indy 500, etc. Check the vbookie tab in the le bar and you'll see "bets" you can place wagers on.

i feel really silly asking..but i'm dying to know.
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