laying odds
Betting against underdogs
Laying odds means betting more money than you stand to win, typically when wagering on a favorite.
If you lay 2-to-1 odds, you risk two dollars to win one.
The phrase extends to expressing confidence about predictions: I'd lay odds she gets the promotion.
Compare taking odds, where you risk less than your potential winnings.
- bettingStaking money on outcomes
- wageringRisking money on outcomes
- bookmakerOne who takes bets
- handicappingEqualizing chances artificially
- point spreadWagering handicap between teams
stakes · spread · longshot · favorite · sure thing · inside track · smart money · gambling · underdog · payout · risk · chance · probability · sportsbook · hedge · action · even money · line
- bettingbet, ante, wager, stake, hedging
- sports bettingbets, bookmaker, bet, sportsbook, spread
- racing betsexacta, trifecta, quinella, superfecta, perfecta
- gambling tacticsbasic strategy, card counting, betting strategy, betting systems, running count