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LSDefine

Simple English definitions for legal terms

layoff bettor

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A quick definition of layoff bettor:

A layoff bettor is a bookmaker who accepts bets from other bookmakers to protect themselves from losing too much money or to balance the amount of money bet on each side of a wager. A bet is when someone puts money on the line to predict the outcome of an event.

A more thorough explanation:

Definition: A layoff bettor is a bookmaker who accepts layoff bets from other bookmakers. A layoff bet is a bet placed by a bookmaker to protect against excessive losses or to equalize the total amount placed on each side of the wager.

Example: Let's say Bookmaker A has taken a lot of bets on one team to win a game, and not many bets on the other team. This means that if the team with fewer bets wins, Bookmaker A will lose a lot of money. To protect against this, Bookmaker A might place a layoff bet with Bookmaker B, betting on the team with fewer bets. This way, if that team wins, Bookmaker A will still make some money from the layoff bet.

Explanation: The example illustrates how a layoff bettor works. Bookmaker A is the primary bookmaker who has taken a lot of bets on one team, and Bookmaker B is the layoff bettor who accepts the layoff bet from Bookmaker A. By placing a layoff bet, Bookmaker A is protecting themselves against potential losses and ensuring that they make some profit regardless of the outcome of the game.

layoff bet | lay on the table

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triplethread
10:15
@BulbasaurNoLikeCardio: My nose is pierced and I run like 10 miles a week im good haha
BulbasaurNoLikeCardio
10:16
@babycat: if you are happy with them they look perfect, and if they are as big as you say I am sure people will still be looking with or without the piercing so you will get attention either way
Dkk
10:16
Closest I get to Russian is Lazy Square's cartoons. Should watch them. All very short cus he is lazy. https://www.youtube.com/watch?v=sGBkneu30Aw
JumpySubsequentDolphin
10:16
@BulbasaurNoLikeCardio: ohhh you mean septum? I think septum is even less painful than a nostril piercing
warning my discord pfp is fun lol and also i haven't changed my username since high school because i didn't feel like it 😭
10:18
LMAO yeah you have a fun pfp
BulbasaurNoLikeCardio
10:20
Yes the septum, so they don't feel weird or mess with breathing/running at all even when flipped in? At limit
snow
10:23
its been a quiet morning so far
LSDFan
10:23
i have no hope for today
JumpySubsequentDolphin
10:24
idk about septums, i only have nostril pierced @bulb
triplethread
10:24
snow i think we will prob hear back from kent the week of dec 1st
10:24
Past 10am and ....nothing
JumpySubsequentDolphin
10:24
I think UCLA a wave today no?
babycat
10:24
🚑
What time have UCLA waves been at
Dkk
10:24
It's only 7:24 AM. We on the west coast control the time.
thismanatemyson
10:25
UCLA please save me
triplethread
10:25
snow if i dont get invited for an honors college interview i might freak
Dkk
10:25
11:22:24 AM PST, wave will come.
triplethread
10:26
dkk are u a boy or a girl
Dkk
10:26
Wizard 101 told me I was a boy wizard.
triplethread
10:26
ok
BulbasaurNoLikeCardio
10:26
I am thinking it will be slower/quitter until after thanksgiving
snow
10:27
thread im like 90% sure im getting an R, but ive come to peace that this might be my unreasonable R for the cycle
triplethread
10:27
but snow we have the same stats. you'll be fine. i promise. if im this confident you should be too
Dkk
10:27
Only tiktok I will share cus I stay off that site.
I am sorry if you like it, but TikTok is fucking awful
LSDFan
10:28
tiktok is great
triplethread
10:28
i lub tik tok and reddit and instantgram
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