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Discover Ludwig"lay odds" is a correct and usable phrase in written English.
You can use it when you want to describe the action of offering a bet or gamble, usually against someone else. For example, "Tom laid odds that he would win the race".
Dictionary
lay odds
verb
To offer a bet in which one stands more to lose than the opponent; or a bet in some other way favourable to the opponent.
synonyms
Exact(22)
But he declined to lay odds on its survival.
"I'll lay odds he sells shortbread," Joe deadpans.
"I'd lay odds that the mussels will be found in the lake soon," he said.
So we can't lay odds on how many exo-planets harbour advanced life.
That is probably a good thing — but I'd lay odds the price will not drop as a result.
I'd lay odds that a 30-year-old man would hear far less carping on the subject.
Similar(38)
I have no doubt that he's lying — odds are that Stan, unable to deal with Helene, simply agreed to ask me and then told Helene that I'd said no.
To lay the odds for even the simplest-seeming event, one constructs a table, or "sample space," of all the ways Fortuna's dice might fall.
The last afternoon I call him and say that I'll bet three dollars and lay ten-to-one odoeshe doesn't hit another dinger in Game Four.
The key to puzzles like this, Mlodinow writes, is Cardano's method, named for Gerolamo Cardano, author of the 16th-century "Book on Games of Chance". To lay the odds for even the simplest-seeming event, one constructs a table, or "sample space," of all the ways Fortuna's dice might fall.
While we don't know the details yet, I am willing to lay long odds that it is going to be a huge heaping bowl of suck whose main selling point will be transferring taxpayer money to banks.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com