" means the amount of money you are risking is more than what you will collect for winning. In such situations, the bettor
believes the likelihood of his outcome is greater than 50%. "Laying points" means betting the point spread favorite
. The opposite of laying is "taking" with the underdog
Jackson used to love laying the big price
on Mike Tyson when he was in his prime.
Pregame.com offers the Sports Gambling Glossary to give you a better understanding of sports betting terms and definitions so you can bet with confidence.