Glossary Terms

Lay

Betting exchanges will allow you to lay a bet, which means you are betting for an outcome not to happen, as opposed for it to happen. For example, you can lay on a horse, so you are betting on that horse not to win. What happens if you win a lay bet? If you choose …

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Lay betting

When you are lay betting on a betting exchange, you are betting for results not to happen. For example, in football if you don’t think a team will win, you can lay the bet which covers the loss and the draw. Betting exchange lay bets One of the main attractions of using betting exchanges are …

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Liability

Your bet liability is the amount you will risk when you place a bet, whether you are backing or laying an outcome. This amount is deducted from your balance if you lose, or when you back an outcome, the liability is your stake.

Limited Risk

A limited risk account means that no bet will be placed or accepted if there are insufficient funds available in the account to cover the worst outcome.

Liquidity

Liquidity refers to the amount of money you have available to bet. The liquidity you see available on odds can be a combination of one or more different users’ unmatched bets. Liquidity on betting exchanges On a betting exchange liquidity refers to how money is available to back or lay on a bet. Liquidity either …

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Live Blackjack

Live Blackjack is a live video feed of a blackjack table and dealer and table. Players can join others around the world while playing on an online interface. The live-action comes from a central location and players can interact with the dealer via chat functions. The aim is to hold cards worth as close as …

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Live Blind

When you encounter a ‘live blind’ in poker, it means a forced bet has been made by one or more players before any cards have been dealt. Those players who performed this action can still raise on their next turn.

Live Dealer Casino

A live dealer casino is an online gambling platform that offers real-time, interactive casino games with live dealers. Unlike traditional online casino games, which are powered by random number generators (RNGs) and use computer graphics and animations, live dealer games are broadcasted from a studio or a land-based casino in real time. In live dealer …

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Live Event Betting

Live betting occurs when you can place a bet on an event that is already underway. This is also known as in-play betting and is particularly popular in football.

Live Roulette

Live Roulette is a live video feed of a roulette table, croupier and table played at online casinos. . Players play on an online interface and the result is determined by the live game which is broadcast from a central location. Digital versions of live Roulette, are provided by third-party vendors such as Evolution Gaming, …

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