comeback money

Noun

 * 1)  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.
 * 2) * 1951, United States. Congress. Senate. Special Committee to Investigate Organized Crime in Interstate Commerce, United States Congressional Serial Set (volumes 1-4, page 162)
 * 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 "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.