iGaming Products┃ Sportsbook
In the United States a sportsbook or a race and sports book (sometimes abbreviated as book) is a place where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, ice hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. A sportsbook is the same thing as a “bookmaker” or “bookie.” It’s a company or individual who accepts bets from individual sports bettors.
There are currently 15 names in this directory beginning with the letter L.
Lay
This term is used in betting exchanges, where players act as bookmakers. By laying bets, they offer betting options to backing bettors.
Layers Liability
The exact amount of money a layer or a bookie can afford to lose if the selection wins.
Layoff
When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook(s). This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses.
Line Betting
It is an even-money paid bet where you take a position either side of two possible outcomes of the event. e.g. England runs vs. Australia may quote 225-230 (a bit like a spread), thats called the Line. Selling the Line means you win if they score less than 225 and Buying the line means winning if they score more than 230. This is popular in the U.S.
Listed Pitcher
This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. If the pitcher doesn’t matter a bettor can place a wager on “action.” The latter wager will happen regardless of who starts the game to the team bet on.
Lock
Another way of saying that a team or player will be an easy winner. (Note: This isn’t always the case, no matter what a sports prognosticator or tout says.)
Lucky 15
A multiple bet consisting of 15 bets (4 singles, 6 doubles, 4 trebles and an accumulator) involving four selections in different events.
Lucky 31
A multiple bet consisting of 31 bets (5 singles, 10 doubles, 10 trebles, 5 four-folds and a five-fold accumulator) involving five selections in different events