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Wood
sports bettingIn betting slang, 'laying the wood' means to bet on a heavy favorite, where you have to risk a large amount of money to win a small profit. The term 'wood' refers to the large negative odds (e.g., -300), which are often written on the betting board.
Key Takeaways
- 1In betting slang, 'laying the wood' means to bet on a heavy favorite, where you have to risk a large
Wood
In betting slang, 'laying the wood' means to bet on a heavy favorite, where you have to risk a large amount of money to win a small profit. The term 'wood' refers to the large negative odds (e.g., -300), which are often written on the betting board.
Example
I had to lay the wood and bet $300 to win $100 on the champion.
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