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Old 10-04-2007, 07:22 PM
calmB4storm calmB4storm is offline
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Join Date: Jul 2006
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Default Re: Kelly Betting Question

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Tom,

Isn't -156/+156 the market value?

[/ QUOTE ]No.

Taking the "true" market to be -161/+151 (a not completely unreasonable assumption given SIA's habit of shading lines) the fair price (aka the "mid-market" price or "zero-vig" market price) would actually be about ±154.83.

If you don't know how I calculated that you might want to check out my introduction to betting lines and percentages.

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Wow, thanks Ganchrow. Great stuff as always.
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