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Lay Odds

1) In sports betting this is when money is placed on a team favored to win. Since the wagerer has the advantage they must risk more money for a smaller payoff. Seel also laying odds and giving odds.

2) In Craps this is when a side-wager is placed on the Don't after the come-out roll. Again the odds favor the wagerer so they must risk more for a smaller payoff.

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