Definitions
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noun 
  1. (printing) A piece of paper pasted upon the tympan sheet to improve the impression by making it stronger at a particular place.
  2. (betting) Odds which are set higher than expected or warranted. Favorable odds.
  3. (horse racing) A horse going off at higher odds than it appears to warrant, based on its past performances.
verb (overlays, overlaying, overlaid)
  1. (transitive) To lay, or spread, something over or across; to cover.
  2. To overwhelm; to press excessively upon.
  3. (transitive) To smother with a close covering, or by lying upon.
  4. (transitive) (printing) To put an overlay
  5. Noun, overlay on.
Etymology: over + lay (cf. overlie)


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