Laying The Points
Betting in favour of the favorite to win by forfeiting points.
Laying The Price
Backing the favorite by laying money odds.
When a bookmaker plays money at a rival to reduce its own liability.
This is the maximum amount a bookmaker will accept on a particular match or event. bookmakers will set limits so as not to risk a major loss if betting is one-sided.
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.
Some might say that these don't really exist in sports betting, but a lock is a supposed guaranteed winner of a particular event, or at the very least a big favorite.
An outside bet, for example made on the underdog.
When your bet doesn't work out and you forfeit your original stake.