Poker Dictionary
Sunday, June 23, 2024
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Lay the Odds

  1. Verb

    To offer a proposition bet in which players accepting the offer would win more than they wagered; as opposed to take the odds.

    ADDITIONAL INFORMATION: Example: Offering to pay 4:1 if a player completes an open-ended straight draw on the river would be laying the odds because the payout of $4 is larger than the initial stake.

    EXAMPLE: "I laid the odds for a proposition bet. Even though the payout would have been large, the chances of losing were so small I really had a significant advantage in the long run."

    APPLIES TO: Online and Land-based Venues

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