Greyhound Racing Glossary - L

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Late bets – A bet placed after the last permissible time, as indicated by the off-slip of a bookmaker. Such bets are void, whether they win or lose.

Lay - A bookmaker's offer quoting the price at which he wishes to trade.

Layer – Another term for a bookmaker.

Limited cover – Selective cover for a bet comprising of a number of selections, but where not every single permutation is covered.

Limited wheel – A wager that uses a reduced rotation system to produce a combination of possible contenders

Longshot – A participant with very long odds and little chance of success.

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