Laying The Points
Betting in favour of the favourite to win by forfeiting points.
Laying The Price
Backing the favourite by laying money odds.
When a bookmaker plays money at a rival to reduce its own liability.
The lowest, or highest, bet amounts accepted at a bookmaker.
Abbreviation of Moneyline. The odds system used in the USA.
See also Oddsmaker. The person responsible for establishing betting lines.
Odds that update as the game or match takes place.
A bet you make while a game or event is in play.
An outside bet, for example made on the underdog.
When your bet doesn't work out and you forfeit your original stake.