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OT: Estimating win probability from multiple bookmakers' odds

Posted By: leobueno
Date: Saturday, 3 November 2012, at 5:45 a.m.

I am trying to use bookmaker odds on the results of the US presidential election to estimate the candidates' winning probability.

See http://www.oddschecker.com/specials/politics-and-election/us-presidential-election/winner

The question is: which odds to use? That is, do I use the median odds or the highest or lowest for each candidate?

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