Unknown said:
No they are laying the other side at 1.4 so 3.5 has to be marginally bigger then the true price. It's ok passing in these spots but it is value.
Sorry Shay, I don't understand. Why does 3.5 have to be marginally bigger than the true price because the other side is 1.4?
1.4 = 71.4% Implied Win Probability
3.5 = 28.6% Implied Win Probability
71.4 + 28.6 = 100%
It seems like both prices are the "true" prices since there is no overround.
What am I not getting?