BET

bet,n. Something (esp. money) staked or pledged as a wager. [Cases: Gaming  1.] — bet,vb. — betting,n. — bettor,n.

layoff bet.A bet placed by a bookmaker to protect against excessive losses or to equalize the

total amount placed on each side of the wager. See LAYOFF BETTOR. [Cases: Gaming  73.][Blacks Law 8th]