Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Underdog - the team, side or contestant in any given event considered the least likely to win.

Underlay - a bad bet. An underlay occurs when the odds of a particular wagering proposition are lower than they should be, i.e. they favor the house. In such circumstances, players often bet that an event will take place but without justification.