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Hi, Could you help me, please, with understanding some sport routine.

This is the context:" Now, 3-0, Canada will practice today to face an American squad on New Year’s Eve in the final game of the round-robin portion. First place in Group A – and a bye through the quarter-finals-will be on the line."

Thank you.
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I'm not a sports fan, but I'm pretty sure a "bye" means you don't have to play. I think the reasoning is that the team presumed to be in the lead sits by while the lesser teams eliminate somebody, and then plays the winner. It gives the players a valuable rest period, too.
"Bye" is also used metaphorically in non-sports-related situations. Father, to teenager who has come home at one o'clock in the morning: "You get a bye this time, son, because we weren't clear about what time we expected you home. But don't let it happen again."
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Delmobile, thank you. With the father and son this would be, like, father says " I'll let you go this time", right?
Yes, or "I'll let it go this time," "it" being the infraction.