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OLM Tu 09/13/11

Posted By: Fabrice Liardet
Date: Wednesday, 14 September 2011, at 12:59 p.m.

In Response To: OLM Tu 09/13/11 (Jason Lee)

Double. I am not sure who the contact favors, so it could be that our equity is a bit worse than in a straight race. But the volatility is quite different. It is a nice example for pointing out the often overlooked fact that the market loss happens not after our roll, but after our and the opponent's roll. So while our 63 and 33 are immediate market losers, the opponent's bad sixes also are big market losers (as others have noted).

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