Definitions for "in the money"
Situation in which an options strike price is below the current market price...
Term applying to an option if the underlying stock's current market price is above the strike price in the case of a call, or below the strike price in the case of a put. See also at the money and out of the money.
Options and covered warrants have a ‘positive intrinsic valueâ€(tm). In a call option / warrant, the underlying asset price exceeds the exercise price. In a put option / warrant, the underlying asset price is less than the exercise price. For a Call covered warrant, this is where the strike price is less than the price of the underlying. For a Put covered warrant, this is where the strike price is greater than the price of the underlying. Intrinsic value A term used in options and covered warrants. For a call option / warrant, a ‘positive intrinsic valueâ€(tm) denotes the difference between the current underlying asset price and the exercise price. For a put option / warrant, a ‘positive intrinsic valueâ€(tm) denotes the difference between the exercise price and the underlying asset price
Keywords:  mutuel, payoff, bettors, horse, lasix
Describes the horses in a race that finish 1st, 2nd and 3rd (and sometimes 4th) or the horses on which money will be paid to bettors, depending on the place terms.
Among bettors, a horse finishing in the first three, resulting in a mutuel payoff.
For fans, a win, place or show finish resulting in a mutuel payoff; for owners, a finish resulting in receiving a portion of the purse.
Keywords:  prize, tournament, bust, win, pool
qualifying for a prize.
Refers to any rank in a tournament that is paid.
One of the players who will receive a portion of the prize pool.