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SPORTS BOOK GLOSSARY

[A-B][C-E][F-J][L-M][N-P][P-S][S-Y]

Lay a Bet - A bookie accepting a bet.

Layor - Another term for Bookie.

Lengthen - The opposite of 'Shorten'. Referred to odds getting longer, that is, more attractive to the bettor.

Lines - Odds offered to the punter.

Lock - (As in 'Banker') US term for an almost certain winner. Easy winner.

Long Odds - Generally greater than 10:1.

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Lucky 15 - A Lucky 15 consists of 15 bets involving 4 selections in different events, i.e. 4 singles, 6 doubles, 4 trebles, and 1 fourfold. As a consolation if you only have one winner it will be paid at double the odds. If you get all four winners, a 10% bonus will be added to your returns.

Lucky 31 - A Lucky 31 consists of 31 bets involving 5 selections in different events, i.e. 5 singles, 10 doubles, 10 trebles, 5 four-folds plus 1 five-fold. . As a consolation if you only have one winner it will be paid at double the odds. If you get all five winners, a 20% bonus will be added to your returns.

Lucky 63 - A Lucky 63 consists of 63 bets involving 6 selections in different events, i.e. 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and 1 six-fold. As a consolation if you only have one winner it will be paid at double the odds. If you get all six winners, a 25% bonus will be added to your returns.

Margin - The amount a competitor in an event finishes in front of another competitor.

MLB - Major League Baseball.

Money Line - (Also, Action Line or Spread Betting) The amount that must be wagered to win $100, or the amount won for a $100 wager.

Multiples - See 'Accumulator'.

MVP - Most Valuable Player.

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