lay odds

gambling sport

The phrase "lay odds" is commonly used in betting contexts, especially in gambling and sports, where it refers to the act of offering a bet against an event occurring.

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Definition

B2Gambling

(technical, informal)To offer a bet where the person setting the bet stands to lose more than the person accepting it.

Example

The bookmaker decided to lay odds of 5 to 1 against the horse winning the race.

B2General

(informal)To feel confident about the likelihood of something happening.

Example

I'd lay odds that it will rain tomorrow given the dark clouds.

Similar

Terms that have similar or relatively close meanings to "lay odds":

lay open lay away lay over lay by lay to lay figure lay about lay out lay on lay in lay aside lay on the line lay down lay back lay up lie over side bet value bet