Poker glossary
Lay Odds
To lay odds is to give favorable odds to an opponent. You risk more than you can win.
The simple explanation
If you lay odds, you offer a price in the opponent's favor. For example, you put in $2 to win $1.
A closer look
The phrase comes from general betting: the person laying odds is the one who bets more to win less. In poker side bets, the player with the stronger side lays odds. In the game itself, the term is rare.
A practical example
A player who thinks he is the favorite offers a side bet of $20 against $10: he lays odds.
Full explanation
To lay odds is to give favorable odds to an opponent. You risk more than you can win.
Laying odds means offering a better price to the opponent.
You risk more to win less.
The term comes from betting in general.
It is rare in the game itself.