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Layoff
sports bettingIn sports betting, a layoff is a bet made by one bookmaker with another to reduce their liability on a particular outcome. This is a way for bookmakers to balance their books and avoid a large potential loss.
Key Takeaways
- 1In sports betting, a layoff is a bet made by one bookmaker with another to reduce their liability on
Layoff
In sports betting, a layoff is a bet made by one bookmaker with another to reduce their liability on a particular outcome. This is a way for bookmakers to balance their books and avoid a large potential loss.
Example
After taking a huge bet on the underdog, the bookmaker made a layoff bet with another bookie to hedge his risk.
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