What Does Overlay Mean in Sports Betting?

An overlay is a financial investment in the form of extra money or better odds. It can be found in both online and live venues. It is best to keep your options open and to get your bets in early.

Depending on the context, an overlay is a complex term requiring a bit of research. The best way to figure out what is an overlay is to look at its mathematical properties. A good way to do this is by examining the EV of a contest. For example, if you want to place a bet on a horse in a race, you will need to consider how the victory odds stack up against the money line.

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