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ONLINE-CASINO-GOLD ONLINE CASINO TERM: TAKING THE ODDS
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There are two fundamental forms of wagering, 'taking the odds' and 'laying the odds'. In most casino games the player is 'taking the odds' by wagering an amount that is less than they will receive if they win, that is; if you wager $1 you would win more than $1. In most forms of sports betting, some odds are so high in favour of the likely winner that winning wagers get paid an amount less than the amount wagered by some percentage, and this is what is meant by 'laying the odds'.
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