put (something) under or beneath; "They underlaid athe shingles with roofing paper"
a horse that has been over-fancied - one whose odds are too short given its real prospects
When the odds on an event are in favor of the house. underdog The team the odds makers have determined the least likely to win the game.
a horse going of at a lower price than he appears to warrant based on his past performances.
Otherwise known as an 'under'. A price, which is less than the price we believe it should be; for example, to back Hewitt to win Wimbledon, believing the odds should be 14.0, when the price available is 10.0 only; this is an underlay, because the price available to bet is less, than the price we believe it should be; conversely, an underlay also may be a lay bet, when the lay price is more than the price we believe it should be; when laying a bet, the lower the price to lay, the more profit to be made; using the example above, to lay Hewitt to win Wimbledon, believing the odds should be 14.0, we would be expecting to lay at a price less than 14.0, possibly 10.0 to 13.0; if the best price available to lay were 16.0, then this would represent an underlay because it is more than the calculated chances of 14.0.
a situation in which the odds on a game favor the book, rather than the bettor
Horse whose odds are more promising than his potential to win.
When the odds on a proposition are in favor of the house.
A horse racing at shorter odds than seems warranted by its past performances.
the odds of a particular wagering proposition are lower than they should be, that is, they favor the house.
A situation in which the odds on a game favor the house rather than bettors
A horse racing at longer odds than he should