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comeback money

noun

Definitions

  1. Money that is used by an agent of a bookie to place a large bet on a horse who has large…

    Money that is used by an agent of a bookie to place a large bet on a horse who has large odds, thereby causing the odds on that horse to decline, reducing the bookie's potential losses in the event that the horse wins.

    • Lots of people notice at the track that the tote board will change at the last moment; odds will drop on a horse from 20 to 1 to 8 to 1, something like that, which means that all comeback money has just come in.
    • The "comeback money" may represent large bets which illegal bookmakers are unable to "lay off" among themselves, bets which no one in the bookmaking organization desires to hold.

The neighborhood

Vish — recursive loop

No curated loop yet for comeback money. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA