Definitions for "Lay Bet"
Keywords:  odds, casino, bet, thrown, wrong
A bet that a 7 will be rolled before the number you are laying (4,5,6,8,9, or 10) comes up. The casino takes 5% of the winnings on these bets. The 5% commission is usually taken up front, but some casinos take the commission after the bet wins. The casino requires you to lay slightly more than the "True odds", giving the house an edge of 3.03% on 4/10, 2.5% on 5/9, and 1.82% on 6/8.
Betting that either a 4, 5, 6, 8, 9 or 10 will roll before a 7.
a bet that something wont win