Re: Likely dumb vig question
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Thremp,
If the line is efficient, how would you find the true line at higher prices then?
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Guess? I have not really gotten that far. Though from the research and economic arguments I've seen (And anecdotal evidence), it pretty clearly points to large MLs not being accurately represented by the no vig line. Which ironically may actually make a bastardized version like the one presented above or a true average more useful.
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