Overlay question

[Phigment]

I know the book definition of an overlay but can someone shed light on a real world example and how you can identify them? Are overlays associated with "trap lines"?

 

[Phigment]

Bump in hope of getting an answer

 

[Salain]

by my understanding, an example would be when a lottery ticket that costs $1 and has odds of 1 in 15,000,000 gets to a jackpot of above $15,000,000. At this point the odds are in your favor of getting more from the return than the investment.

 

[Phigment]

Thanks for the example. I assume then with a moneyline bet there is an overlay opportunity on the dog versus laying the wood on a big favorite?

Salain, on a side note shoot me an email at skennedyATpeaceDOTgordonDOTedu in regards to the betting system we discussed last week.